The latest Baker Hughes Rig Count released on Friday confirmed what a recent Kansas City Federal Reserve Bank Survey declared in slumping oil and gas drilling activity in the region. While Oklahoma remained at 40 active rigs, Baker Hughes reported a decline in the nation’s number of oil and gas rigs, falling by 2 in …
A new Kansas City Federal Reserve Bank survey found that energy activity in Oklahoma and other states that make up the district took a sharp drop in the fourth quarter and things are not likely to improve in the next six months. The quarterly Energy Survey showed companies in the states that make up …
With the world’s crude oil status in turmoil following the U.S. capture of Venezuela’s leader and the takeover of the South American country’s oil and gas industry, crude oil prices rose more than 2% on Friday. Investors voiced geopolitical concerns about what the takeover will do to the world’s oil status, but added to the …
** US forces have seized another tanker in the Caribbean Sea, officials say, as the Trump administration continues its efforts to control exports of Venezuelan oil. The tanker, the Olina, is on multiple countries’ sanctions lists and the fifth vessel to be seized by the US in recent weeks. ** Newly released data shows that solar arrays …
Oklahoma billionaire oilman Harold Hamm, the founder of Continental Resources was among a few dozen top oil leaders in the U.S. who met Friday at the White House with President Trump to discuss assuming control of Venezuelan oil and exploration in the South American country. He appeared coy in answering a direct question from …
The turmoil over crude oil production in Venezuela following the U.S. capture of leader Nicolas Maduro last weekend sent prices up more than 3% on Thursday. Oklahoma energy stocks soared with the oil prices. While President Trump prepares to meet Friday with American oil and gas leaders to discuss restoration of the Venezuelan energy industry, …
New Mexico is one of 13 states to be part of a national effort to expand geothermal power for the nation’s electric power grid. The U.S. Department of Energy’s (DOE) Geothermal Technologies Office (GTO) launched the new, 13-state effort to expand the use of firm, flexible geothermal power on the nation’s grid. Led by the National Association …
Weeks after former Texas Gov. and U.S. Energy Secretary Rick Perry and his billionaire partner Toby Neugebauer experienced a loss of a prospective major investor in their effort to build world’s largest private energy grid and AI campus at Amarillo, Texas, they are busy pushing ahead with the project. They call their company Fermi …
Policy and Regulation ** The Trump administration filed a lawsuit seeking to block natural gas hookup and appliance restrictions in two California cities, arguing the local rules violate a 1975 federal law. Power Generation and Grid ** An Anschutz Corporation subsidiary proposed a 2,000 MW gas generation facility in southern Wyoming to complement the nearby …
As Oklahoma sees a battery energy storage system under development near Enid, a similar project has been rejected by Sale County Commissioners in central Kansas. The Battery Energy Storage System proposed by Plus Power, a company headquartered in Houston, Texas, had originally won unanimous approval from the county’s planning board but county commissioners on a …
