The estimated $187 million acquisition of Fort Worth-based PHX Minerals Inc. by WhiteHawk Income Corporation is about to be finalized this week. WhiteHawk, a natural gas mineral and royalty company headquartered in Philadelphia, Pennsylvania announced that a majority of its outstanding shares of common stock, par value at $0.01666 per share were validly tendered …
Oklahoma Corporation Commission Chair Kim David says there’s a strong reason why she and other regulators recently received recommendations from two major utilities and an electric grid regarding the future of the state’s electricity generation challenges. “Recent load shedding events, or forced power blackouts, in Louisiana, New Mexico and even across the Atlantic in …
Despite the efforts of some legislators, the Oklahoma legislature failed to take steps to control commercial groundwater use inthe state. An investigation by The Frontier showed there continues to be water users taking advantage of the lack of legal enforcement on water use, such as reporting how much water they use. The journalism group found …
Instead of coming to the peace table following the U.S. attack on its nuclear weaponization plants, Iran on Sunday defiantly ordered the closing of the Strait of Hormuz, a shipping channel that is considered vital for at least 20% of the world’s daily oil flows. Sunday’s decision by Iran’s parliament is sure to have …
Oklahoma Corporation Commissioners are being advised by their own Public Utility Division to take certain steps to prepare for an expected flood of demands for increased electricity generation in the coming few years. It’s not a matter of 15 to 20 years down the road but perhaps 3 to 5 years. As Oklahoma confronts …
Two of Mammoth Energy Services’ subsidiaries have sold all of the company’s equipment used in its hydraulic fracturing business in a $15 million deal with MGB Manufacturing, LLC. Mammoth reported the sale in a filing with the Securities and Exchange Commission, explaining the sale was by subsidiaries Stingray Pressure Pumping LLC and Mammoth Equipment Leasing …
** The US announced new sanctions on entities and people securing machinery for Iran’s defense. The move is meant to weaken Iran’s military amid the conflict, and comes as countries warn Iran is close to developing a nuclear weapon after it increased its production of near weapons-grade uranium. ** A team of chemical engineers at …
The growing amount of oilfield theft in the Permian Basin of West Texas reached the boiling point in recent months, prompting the state legislature to create a task force to target the thieves. In signing three bills to go after the criminals, Gov. Greg Abbott called it an effort “bringing the full weight …
A continued slump in the number of oil and gas drilling rigs was reported by Baker Hughes Co. in its weekly rig count released Friday. The nationwide count slipped by one to 554 rigs while Oklahoma’s count fell as well. The number of rigs in Oklahoma dropped two leaving 47 active rigs. It compared …
Oklahoma regulators come to grips with rising electricity needs. What could it mean for ratepayers and for the state’s economy? Scott Mitchell talks energy with Jerry Bohnen.
