Oklahoma Congressman Frank Lucas says one of his latest efforts on Capitol Hill is all about improving weather forecasting. And he’s not referring to the kind of weather prediction in the Old Farmer’s Almanac. In a note to constituents, the Republican U.S. Representative referred to the the Weather Data Taxpayer Protection Act. He called …
Category: General
Texas sued over its anti-ESG law—faces same kind of lawsuit as Oklahoma
Just as Oklahoma has been sued over its anti-ESG law, Texas now faces the same kind of lawsuit. The American Sustainable Business Coalition, described as a progressive business group, took Texas to court last week over the state’s 2021 anti-ESG law that blocks state investments in firms that no longer have ties with the …
Leadership team changes made at Baker Hughes
Baker Hughes Company announced Tuesday several changes to its leadership team, effective by Oct. 1. Amerino Gattiis was appointed executive vice president (EVP) of Oilfield Services & Equipment (OFSE). Gatti joins Baker Hughes as a seasoned energy and industrial executive, recently serving as chief executive officer and chairman of the board of TEAM, Inc. …
SandRidge Energy wraps up $144 million acquisition in western Oklahoma
SandRidge Energy announced this week it formally closed on its $144 million acquistion of more assets in the Western Anadarko Basin. The assets are in the Cherokee play of the Basin in Ellis and Roger Mills counties of Oklahoma but SandRidge did not ever reveal the identity of the seller or sellers. SandRidge confirmed …
Energy briefs
** Southern California Edison cut off electricity Sunday to 140 homes in the Portuguese Bend community, an outage that it says is indefinite because the shifting ground threatens utility poles and raises the risk of fires in the city. Another 200 homes were expected to lose it Monday night. ** Vice President Kamala Harris plans …
Oklahoma sees gain in rig activity but the US records a drop
While Oklahoma gained on its rig count in the past week, the nation’s number of active oil and gas rigs declined, according to the latest Baker Hughes rig count released on Friday. Oklahoma saw a gain of one rig to reach 39, the same count as one year ago. The U.S. recorded a …
Crude oil prices managed slight gain on Monday
While Monday was the Labor Day holiday, crude oil prices ended higher and managed to recover some, but not all, of the losses from late last week. The fact Libyan oil exports remained halted was responsible for the slight gain. Plus, there was a reported easing of concerns about higher OPEC+ production in October. The …
PSO’s $218 million rate hike request faces opposition by Attorney General
Public Service Company of Oklahoma finds itself in a struggle with the state Attorney General who wants Corporation Commissioners to nearly cut in half PSO’s $218 million rate hike request. The request was an almost immediate reaction to last fall’s decision by regulators to give PSO only about half of an original request …
Helmerich and Payne to seek investors at conferences
Executives of Helmerich & Payne, the Tulsa-based energy company, will be attending conferences this month in an effort to gain more investors. The firm’s President and Chief Executive Officer, John Lindsay will be joined by Senior Vice President and CFO Kevin Vann, Senior Vice President of Digital Operations, Sales and Marketing Trey Adams and …
Denver Federal Appeals Court at the center of an energy fight to protect national monuments
Rio Grande del Norte National Monument in New Mexico. The Denver Federal Appeals Court will have a big decision to make and it focuses on whether to protect national monuments or allow oil and gas exploration. At the heart of the issue is President Biden’s move during his years in office to set aside …