** Wyoming lawmakers are wrestling with whether to green light potentially numerous nuclear waste sites throughout the state. Some say it’s good for the economy, while others say it’s not worth the risk. ** Nebraska regulators discuss the possibility of building small modular nuclear reactors in a small city, largely because of its electric transmission …
Category: Oil & Gas
Corporation Commission’s ONG rate hike approval doesn’t create another increase on top of one that took effect in June
As a point of clarification to our article this week about Oklahoma Corporation Commissioners approving a more than $41 million rate hike for Oklahoma Natural Gas Company, the impact on consumers won’t mean another increase in bills following one in late June. As the Commission pointed out, the actual increase of $1.69 a …
Crude oil made gains of 1% on Thursday and OK energy stocks were up too
Crude oil prices and Oklahoma energy stocks made gains in Thursday’s trading following news of cuts to Russian gasoline exports. Plus, there was the news that oil major Chevron is getting approval to restart production in Venezuela. It actually sent prices falling before the close of trading. Brent crude, the global standard, rose …
Sen. Lankford used national TV news program to explain energy benefits of One Big Bill
Some of the national media finally caught up with Scott Mitchell talks Energy with Jerry Bohnen’s recent interview and discussion with U.S. Sen. James Lankford about the One Big Beautiful Bill and what it means for American energy. The Senator was on Mornings with Maria on Fox Business this week, telling her, “This is …
Empire Petroleum extends previously announced Rights Offering
Empire Petroleum Corporation, an oil and gas company with current producing assets in New Mexico, North Dakota, Montana, Texas, and Louisiana, announced that it has extended the expiration date of its previously announced subscription rights offering pursuant to which it intends to raise gross proceeds of up to approximately $5.0 million, including $2.5 …
Halliburton’s 2Q earnings doubled but soft market prompts adjustments
Halliburton Company more than doubled its net income in the second quarter. But the firm also admits the oilfield services market is softer than expected and is moving to address the “near term softness.” The Houston firm, which was founded in Oklahoma and remains an active oil and gas force in the state, reported …
Sustainability report released by Ascent Resources
Oklahoma City’s Ascent Resources, LLC, one of the largest private producers of natural gas in the United States, has released its 2024 Sustainability Report chronicling the company’s environmental, health and safety; social; and governance efforts and accomplishments in 2024. Jeff Fisher, Ascent’s Chairman and Chief Executive Officer, commented “On behalf of everyone at …
Has natural gas demand boosted earnings for Gulfport Energy?
Gulfport Energy Corporation, the Oklahoma City-based firm with activing drilling in the Utica and Marcellus natural gas plays, plans a release of its second quarter earnings report. The financial and operating results will be released after the market closes on Tuesday, August 5. Company leaders will hold a conference call the next morning …
Federal Reserve Bank reports “moderate” decline in region’s oil and gas activity
Second quarter energy survey results showed that Federal Reserve Bank’sTenth District energy activity fell moderately, with no changes expected in the next six months. Oklahoma is one of the states in the Kansas City Federal Reserve Bank’s Tenth District. Firms reported that oil prices needed to be on average $64 per barrel for drilling to …
What’s this? California working to save Valero refinery?
How’s this for a shift in a state’s anti-oil and gas policies and views? California is stepping in to find a buyer for Valero Energy’s Benicia refinery near San Francisco. It’s trying to save the refinery in a move reflective of its concerns over protecting gasoline supplies. After alll, California has some of …