Governor Kevin Stitt is highlighting new data pointing to continued economic growth across the state, citing increased tax revenues, a strong labor market, and a high credit rating as signs that his administration’s fiscal policies are working. “This is what happens when you keep your fiscal house in order,” Stitt said. “Because we’ve cut taxes, …
Category: Oil & Gas
Ovintiv Inc. urges regulators to keep natural gas proration rate the same
Denver-based Ovintiv, Inc. is urging the Oklahoma Corporation Commission to continue with its current statewide natural gas well proration rate of 75% as established in 2024. In a letter to Jeremy Hodges, Director of the Commission’s Oil & Gas Conservation Division, Ovintiv’s Vice President and GM of U.S. operations, Aaron Johnson any lowering …
Energy briefs
** Google agrees to pay more than $3 billion over 20 years to buy energy from two Pennsylvania hydroelectric plants, to help power its data center operations. ** A coal-fired power plant in Pennsylvania that closed in 2021 will get a $3.2 billion overhaul to reopen as a natural gas plant providing power to a …
Scott Mitchell talks Energy with Jerry Bohnen—a tsunami of energy demand
Scott Mitchell talks energy with Jerry Bohnen and in the latest podcast, they focus on the tsunami of energy demand—how it’s affecting Oklahoma and the rest of the nation.
Oil prices fell again on Monday and OK energy stocks tumbled
Monday’s trading produced a fall in crude oil prices as Russia boasted it could easily withstand the latest sanctions from the U.S. on its oil. Losses were reined in because of a potential fall in diesel supplies but the day brought losses for most Oklahoma energy stocks. The sanctions on Russia, the 18th …
Global Gas Flaring Hits Highest Level Since 2007
Global gas flaring surged for a second year in a row, wasting about $63 billion in lost energy and setting back efforts to manage emissions and boost energy security and access. Flaring, the practice of burning natural gas during oil extraction, reached 151 billion cubic meters (bcm) in 2024, up 3 bcm from …
Oklahoma’s oil and gas rig count remained solid in the past week
As the U.S. saw a jump of 7 rigs to its total in the oil and gas industry, Oklahoma held steady with no declines in its plays. Baker Hughes reported Oklahoma’s count remained at 42, unchanged from the previous week and stronger than the 33 rig count reported one year ago. The Cana …
ConocoPhillips makes application to cease to be a reporting issuer in Canada
ConocoPhillips announced that it has applied to the Alberta Securities Commission (ASC), as principal regulator, and the Ontario Securities Commission (OSC) for a joint order (the Order Sought) to cease to be a reporting issuer in all jurisdictions of Canada in which it is a reporting issuer. If the Order Sought is granted …
3Q financial results to be released by Helmerich and Payne
Coming off a second quarter where it completed a major $2 billion acquisition for its long-term international growth, Tulsa-based Helmerich & Payne plans a release of its third quarter financial results in the coming few weeks. The firm will release the financial results on Thursday, August 7 and hold a conference call at …
Energy briefs
** President Trump’s administration delivered a long-overdue blow to California’s high-speed rail project. Federal funding—$4 billion in unspent grants—has been yanked, halting what critics say is a boondoggle that has devoured billions while delivering broken promises. ** Rep. Bob Latta (R-Ohio), a powerful figure in U.S. energy policy as chair of the House Energy and …