July 1 starts the beginning of a new era at Williams, the big pipeline company headquartered in Tulsa. It’s when 14-year President and CEO Alan Armstrong steps aside to become the executive chairman of the Williams Board of Directors and Chad Zamarin, the executive vice president of Corporate Strategic Development replaces him. …
Category: General
Nebraska farmers fight eminent domain used for transmission line
A fight over a utility’s use of eminent domain to grab farmland in Nebraska is growing larger. It pits the Nebraska Public Power District against some eastern Nebraska farmers over the district’s proposed transmission line meant to help a crypto-mining operation. Sound familiar? It’s similar to a recent case where some farmers near Enid …
Dolese Bros to be major player in California firm’s alumina extraction decision
A major announcement this week by California-based Brimstone company to produce smelter grade alumina will have a key player in the process—Oklahoma City-based Dolese Bros., the state’s largest producer of crushed stone and a leading concrete producer. Dolese will provide the rock from a southwest Oklahoma site to Brimstone in a move the California …
Utility proposes two gas power plants in northwest Arkansas
Northwest Arkansas could be getting two new gas power plants in the future, courtesy of SWEPCO (Southwestern Electric Power Company), the state’s second-largest utility. It’s also another sign of the growing need for more electricity generation. SWEPCO electric grid planners recently offered some details in a presentation at a virtual conference held by …
Energy briefs
** A top EOG Resources executive agrees U.S. shale oil production has likely peaked and is now in decline., reported Hart Energy. “I think U.S. shale oil has definitely slowed, there’s no doubt about it,” EOG COO Jeff Leitzell said June 24 in response to a question about peak U.S. oil at the JPMorgan Energy, Power, …
Energy Secretary and Congressman say it’s time to end green energy subsidies
Oklahoma Energy Secretary Jeff Starling joined Republican Congressman Josh Brecheen in a recent Washington Examiner opinion piece citing their opposition to any more green energy subsidies. They might be getting their wish after the Senate voted Saturday night on proposed changes to end the subsidies. Entitled “Senate should stop funding failure, repeal green …
What state regulators discussed behind closed doors
In their latest meeting at which the public was not invited, Oklahoma Corporation Commissioners discussed a possible interim study relating to oil and gas. Commissioners met behind closed doors on the afternoon of June 25 and huddled for more than one hour in a conference room of the Will Rogers Memorial Office buildiing …
Crude oil closed higher on Friday
Crude oil prices finished higher on Friday after climbing back from a drop following reports that OPEC+ had planned to increase production in August. The report indicated OPEC+ planned to boost production by 411,000 barrels a day in August. West Texas Intermediate crude finished up 28 cents or 0.4% to close at $65.52 …
More losses of active oil and gas rigs across the U.S. and Oklahoma
The nation’s number of oil and gas rigs actively in pursuit of more energy resources declined even more in the past week and Oklahoma followed suit, according to the latest Rig Count report from Baker Hughes Co. Oklahoma’s count dropped one and as a result 46 rigs remain in active exploration. A year …
PHX Minerals to be delisted following acquisition by WhiteHawk Energy
The acquisition of PHX Minerals Inc. was recently completed by Pennsylvania-based WhiteHawk Income Corporation and WhiteHawk Energy, LLC. As a result, PHX Minerals, formerly headquartered in Fort Worth, is no longer traded and is being delisted on the New York Stock Exchange. It also means WhiteHawk Energy took control of PHX holdings in …