Rig numbers rose in the past week not only in Oklahoma but also across the rest of the U.S. according to Baker Hughes Co. The firm released figures Friday showing the national count increased by 7 to a total of 705 rigs. The number of oil rigs grew by 5 to 557 while the …
Category: General
New coalition to host solar energy seminar May 10 at OKC’s Belle Isle Library
Oklahoma City residents and business owners interested in learning about the benefits of solar energy are invited to attend a free solar seminar offered by a new coalition led by the City’s Office of Sustainability and other local organizations called Solarize OKC. The seminar will be held at 6:30 p.m. May 10 at Belle Isle Library, 5501 …
Oklahoma House previews ‘Seminole Oil Boom’ painting
The Oklahoma House of Representatives was recently presented by the Oklahoma Arts Council with a preview of “The Seminole Oil Boom,” a new painting offered for consideration for the Oklahoma State Capitol Art Collection by former Rep. Weldon Watson and his wife Cheryle. Watson represented House District 79 in Tulsa as a Republican from …
Clean cars standards adopted by New Mexico
The state of New Mexico has adopted clean cars rules that will go into effect for model year 2026. The recent move was taken by the state’s Environmental Improvement Board along with the City of Albuquerque and the Bernalillo County Air Quality Control Board following public hearings held earlier in the week. The Clean …
Banks targeted by Oklahoma bill over boycott of energy companies
It’s up to Oklahoma Gov. Kevin Stitt whether to sign a bill that proposes the state government stop doing business with financial institutions that “boycott energy companies” including oil and gas firms in Oklahoma. As the Tulsa World reported, House Bill 2034 was approved by the House this week and sent to the governor. …
New wells for Casillas Petroleum in McClain County
Two McClain County wells drilled on a single pad brought in more than 1,600 barrels of oil combined for Casillas Petroleum Resource Partners, LLC. Although the wells are now nearly 6-months old, the completion reports just filed in recent days by the Oklahoma energy company, showed the Choate 0504 03-10-3wxh had production of 1,084 barrels of oil …
Ovintiv concludes annual meeting of shareholders
Ovintiv Inc. announced the results of its May 4 annual meeting of shareholders. The meeting included votes on the election of directors, executive compensation and also the selection of an auditing firm. Election of Directors Each nominee listed in the Proxy Statement was elected as a director of the Company. The results of the …
Crude prices respond to EU ban of Russian oil
Crude oil prices responded positively to news that the European Union is closer to a ban on Russian oil on the same day that natural gas prices hit their highest mark since the summer of 2008. But it had the reverse impact on Oklahoma energy stocks. West Texas Intermediate crude for June delivery went …
SandRidge Energy reports earnings while returning wells to production
SandRidge Energy, Inc. announced first quarter 2022 net income of nearly $35 million after returning more than 100 wells to production since the beginning of 2021 after they had been shut down due to the commodity price downturn. The Oklahoma City company reported first quarter net income of $34.7 million or 95 cents a …
Gov. signs bill increasing cap on county roads and bridge cost estimates
A bill that increases the cap on costs for county road and bridge projects before engineering plans are required was signed into law by Gov. Kevin Stitt. House Bill 3740 by Rep. Steve Bashore, R-Miami, raises the estimated cost threshold before engineering plans and specifications are required to be submitted by county engineers. Estimated costs …