Surprising growth in some of Oklahoma’s oil and gas plays was recorded in the most recent rig count released by the Baker Hughes Co. Void of any drilling activity for months, the Mississippian play, which extends from northern Oklahoma into southern Kansas, recorded its first rig. Details of where the rig is located …
Category: General
Oklahoma energy stocks hit with losses on Friday
Friday turned out to be something of a sour day for the majority of Oklahoma energy stocks and those of firms with heavy exploration and operations in the state. The biggest percentage loss belonged to Vital Energy with a more than 2% fall for the day. Expand Energy recorded the largest percentage gain …
Firm wants to build 1-mile deep nuclear reactor in Kansas
A company with plans to construct small, nuclear reactors 1 mile underground for data centers and other electricity-hungry industries plans to put its first reactors in Kansas, Texas and Utah. Deep Fission, a Berkeley, California company, announced its plans saying its technology will be able to meet the “explosive demand for power from artificial …
Expand Energy’s 3Q release coming
Following a move to cut $100 million in capital expenditures during the second quarter, Oklahoma City’s Expand Energy prepares to release its third quarter earnings report which will give more of an indication industry conditions. Expand energy turned one year old this month following the merger in October 2024 of Chesapeake Energy in Oklahoma City …
Chandler bans wind farms within city limits
The city of Chandler moved this week to adopt a moratoirum on Industrial Wind Turbines within the city limits. A Facebook report indicated the city council voted in support of new regulations targeting the wind industry. The moratorium includes any land within the city limits and surrounding Chandler’s water supply from Bell Cow …
Energy briefs
** A fire ignited at BP’s 440,000 barrel-per-day oil refinery in Whiting, Indiana, before it was extinguished on Friday morning, the company said. The blaze at the largest refinery in the U.S. Midwest caused gasoline prices to spike in parts of the region. The fire resulted from an operational incident, and there were no injuries, the company said in …
Feds warn of international trade disruptions for Oklahoma
Oklahoma’s Trade Landscape Examined Oklahoma’s trade activity remains limited compared to other states, but select industries keep the state tied to the global market. That’s the focus of the latest Oklahoma Economist report from the Federal Reserve Bank of Kansas City’s Oklahoma City Branch. The issue, titled “Oklahoma’s Trade Landscape: Broadly Insulated, Yet Exposed in …
Natural gas prices slipped more in the past week
Natural Gas Prices Decline Across Key U.S. Hubs Natural gas prices dropped sharply at major U.S. hubs this week, including the Henry Hub benchmark in Louisiana and regional hubs tied to Oklahoma’s energy market.The Henry Hub spot price fell 53 cents, dropping from $3.33 to $2.80 per MMBtu between October 8 and October 15. Futures …
Don’t expect much change in your winter heating bills
EIA Winter Fuels Outlook Highlights Steady Costs The U.S. Energy Information Administration (EIA) released its 2025 Winter Fuels Outlook, predicting that heating costs across the nation—including Oklahoma—will vary based on fuel type. The report shows that most natural gas users will see similar bills to last winter, while electric heating households may pay slightly more. …
OKC Streetcar Suspension for Arena Construction
Streetcar Shutdown to Support New OKC Arena The Oklahoma City Streetcar will pause operations from September 29 to October 27 as crews prepare the site for the city’s new arena project.During the closure, Midwest Wrecking will install structural shoring to support demolition of the former Myriad Convention Center at 1 Myriad Gardens. Officials say this …