Rig activity in Oklahoma is growing more according to the latest weekly rig count supplied by Baker Hughes. The company’s report on Friday showed Oklahoma gained 3 rigs in the past week to reach a total of 53. The state’s oil and gas plays also reflected the growth with the Granite Wash remaining at …
Category: General
House committee Republicans raise concerns about scientific integrity violations by White House science advisor
Led by Oklahoma Republican Rep. Frank Lucas, Republicans on a U.S. House Committee are demanding some answers about growing concerns regarding Dr. Jane Lubchenco, the Deputy Director for Climate and Environment at the White House Office of Science and Technology Policy. What raised the concerns of Lucas, Rep. Stephanie Bice and other GOP members …
Kansas enacts $1 billion incentive plan in race with Tulsa for big plant
Kansas Gov. Laura Kelly isn’t waiting to see who might land a mystery company promising to build a $4 billion operation and bring 4,000 jobs with it. She’s signed a $1 billion financial incentive package into law knowing that reports indicated the mystery firm was also supposedly considering Tulsa as a site. No …
Oklahoma to share in Biden’s $5 billion EV charging network plan
Oklahoma will receive an estimated $66 million under President Biden’s $5 billion plan unveiled this week to create a growing EV charging network across the nation. The U.S. Energy Department provided a state-by-state breakdown of money under the 5-year plan. It listed Oklahoma has receiving $66,296,972 under the new National Electric Vehicle Infrastructure (NEVI) Formula …
Oklahoma’s DEQ threatened with lawsuit
Oklahoma’s Department of Environmental Quality is being threatened with a lawsuit because for the second time, the agency has failed to meet a deadline to file pollution reduction plan under the Clean Water Act. The Sierra Club is among those environmental groups wanting to haul the agency into court reported News 9 TVin Oklahoma …
Plains All American CEO predicts more crude oil growth in Permian
Oil and gas exploration by all of those Oklahoma energy companies and others in the Permian basin of West Texas is expected to result in an annual crude oil production of more than 600,000 barrels a day in the coming years. It’s the prediction of pipeline giant Plains All American Pipeline LP reported Bloomberg. …
Supply chain interruptions are indeed hurting renewables
The recent move by Siemens Gamesa to lay off workers at its wind turbine operations in Hutchinson, Kansas and Iowa was blamed largely on supply chain issues. A review of how supply chain interruptions (see OK Energy Today) affected other renewables shows it clearly has hurt companies, not only in Kansas and Iowa but …
Regulators defend their approval of CenterPoint Energy’s securitization
The two Oklahoma Corporation Commissioners who approved millions of dollars in winter storm cost financing for CenterPoint Energy on Thursday defended their move saying the utility “did not make a profit on the fuel costs to be recovered.” Commission chairwoman Dana Murphy and Commissioner Todd Hiett who supported the finance order went to the …
Crude makes 2nd day of rebound while OK energy stocks were mixed
Thursday produced a second straight day of gains for crude oil prices in the states but not overseas. It left some Oklahoma energy stocks with modest gains while others recorded losses. West Texas Intermediate crude for March delivery went up 22 cents to finish at $89.88 a barrel on the New York Mercantile Exchange. …
Oklahoma’s Granite Wash sees increased rig activity
A weekly U.S. rig count provided by Enverus Rig Analytics showed the Granite Wash in Oklahoma and the Texas Panhandle hasn’t been this active since 2019. Drilling down to the play level, multiple under-the-radar areas have seen notable increases as the rig count has climbed. The Granite Wash hasn’t been this active since 3Q19, …