While the growing number of corporate mergers in the oil and gas industry attracts big headlines with the word “billions” rather than “millions,” there’s an apparent downside to such deals. The mergers often mean locally-owned and family-operated companies that rely on the big firms are left out. The deals don’t mean more business for …
Category: General
Will Rogers World Airport to get name on Tuesday?
Oklahoma City’s Will Rogers World Airport will likely get a new name on Tuesday when the members of the city council meet to consider the name change. Instead, it will become the OK Will Rogers International Airport. The new name was the result of several months of public surveys and conversations reported The …
Drillling activity slips in the Williston but grows in the Permian
The nation’s oil and gas rig count slipped by one in the past week as the drilling activity in the Williston Basin of North and South Dakota declined. The Baker Hughes rig count released Friday showed Oklahoma saw a gain of one to reach 38 total oil and gas drigs, down only one from …
Alliance optimistic courts will rule against anti-ESG laws
A national group that believes Oklahoma’s anti-ESG law is a politicization of pension funds is tracking the legal fight as it stands in Oklahoma County District Court. In a recent release, the Alliance for Prosperity and a Secure Retirement noted how the Oklahoma Energy Discrimination Elimination Act of 2022 is finding stiff resistance …
Southwest Power Pool moves forward on transmission expansion
The Southwest Power Pool updated its efforts this week promoting more than $1 billion in transmission projects that in some cases are opposed by landowners and residents. Southwest Power Pool, of which Oklahoma is a member, issued a filing with the Federal Energy Regulatory Commission, as part of its selection to create a …
Energy briefs
** Midwest grid operators MISO and Southwest Power Pool seek federal approval for changes to their joint operating agreement that would advance $1.7 billion in transmission projects and enable up to 30 GW of new generation. ** An Iranian hacker group this spring attempted to breach multiple Utah government sites, including state data related to oil and gas. ** …
Energy policy is MIA in Harris and Walz acceptance speeches
The energy industry might very well remember the Kamala Harris and Tim Walz acceptance speeches as what was not said by the two candidates. Whether you support Kamala Harris as the Democratic nominee for President or not, it is clear that the energy industry apparently was not on her mind when she accepted …
Suggestion of interest rate cut sent crude prices up more than 2% on Friday
Crude oil finished the week with a more than 2% gain on Friday, thanks to a strong hint from U.S. Federal Reserve Chair Jerome Powell that the central bank would likely cut interest rates. West Texas Intermediate crude closed up $1.82 or 2.49% at $74.83 a barrel on the New York Mercantile Exchange. Brent crude …
Hopes for an interest rate cut prompted crude oil price hike
As crude oil prices rose more than 1% in Thursday’s trading, Oklahoma energy stocks endured moderate losses of about the same percent or less. What prompted the oil price surge was growing hopes that the Feds might cut the U.S. interest rate in a few weeks. West Texas Intermediate crude went up $1.08 or …
Missouri utility says goodbye to wooden power poles
Wooden power line poles are being replaced with a different kind of pole by a utility in southeast Missouri…..a pole that will be able to withstand strong winds. It’s near Morehouse, Missouri where Ameren has started the replacement process. Click here for KFVS TV News