The nation’s rig count took another tumble in the past week with a decline in oil rigs but a gain in gas rigs. All the while, Oklahoma’s count slipped too. Baker Hughes reported Friday the total in oil and gas rigs fell by 4 to 559 and included a loss of 9 oil rigs, …
Crude oil prices and Oklahoma energy stocks finished the week with strong gains—oil up more than $1 a barrel while some Oklahoma energy stocks rose as much as 7%. Crude oil prices made their first weekly gain in three weeks, thanks in large part to a favorable U.S. jobs report combined with trade talks that …
Shareholders in Expand Energy attended their annual meeting this week and went through the usual process of electing directors, naming an independent auditor and approving executive compensation. Each of the 11 directors nominated by the company’s Board of Directors was elected by the shareholders. They’ll serve until the next annual meeting. Those chosen included: Domenic …
Changes in leadership at Mammoth Energy Services, Inc. have been announced following the $109 million sale of some of its subsidiary holdings to Peak Utility Services Group, Inc. The biggest change will be the loss of Chief Executive Officer Phil Lancaster who resigned Mammoth effective June 30 to become an employee of Peak. In recent …
The Oklahoma Corporation Commission’s recent decision, on a split vote, to approve Public Service Company of Oklahoma’s $730 million purchase of a 23-year old power plant in Jenks shows a distinct difference of opinion between at least two of the commissioners. It was a 2-1 vote to approve PSO’s request to purchase the …
Skepticism to the possibility of a huge new data center in some areas of Oklahoma is not limited to just Oklahoma. Other states are facing the same kind of questions regarding the gigantic spread of the data centers, that not only require significant amounts of electric power but space too. Questions were raised …
** The value of Tesla shares drops 14%, erasing $150 million of the electric vehicle company’s value, as CEO Elon Musk publicly spats with President Trump. ** Officials from Entergy New Orleans and grid operator MISO discuss how the lack of adequate transmission lines led to widespread outages in Louisiana over the Memorial Day weekend. …
China’s agreement to hold more trade talks with the U.S. sent crude oil prices up on Thursday. The gain came a day after prices dropped 1% because of growing gasoline and distillate stockpiles in the U.S. Global benchmark Brent crude rose 48 cents or 0.7% to settle at $65.34 a barrel. U.S. standard, West …
The latest so-called Beige Book on economic conditions as described by the Kansas City Federal Reserve Bank indicated there was moderate growth when it comes to electric power generation in the states that make up the Tenth District, including Oklahoma. At the same time, electric rates will likely continue to rise. “Electric power …
Native Americans and environmental activists in New Mexico are fearful the Trump Administration’s Department of the Interior might reverse protections for the historic region of the state known as Chaco Canyon. The Interior Department sent a late May letter to tribal governments indicate it is giving consideration to the reversal which would “open the …
