State regulators in Arkansas recently announced Summit Utilities Inc. has been given a clean bill of health over billing errors an customer service problems that prompted an investigation. The Arkansas Public Service Commission said, however, it will continue to monitor the gas utility for the next two years as a preventive measure. The investigation …
Category: General
Empire Petroleum announces executive resignation
Empire Petroleum announced a recent change in executive leadership. The company revealed the resignation of Eugene J. Sweeney as Chief Operating Officer. Empire, in a filing with the Securities and Exchange Commission, explained his departure was the result of the firm’s transition to a regional operational model. “…his duties are being dispersed among employees …
Williams to release 2Q report in early August
The second quarter financial results of Williams Cos. will be released August 2, according to a company announcement. Investors will be anxious to see if the Tulsa-based company maintained the strong and improved performance it had in the first quarter of the year. The release will be made after the market closes on that …
Kansas to strengthen power grid with help of $13.3 million federal grant
Kansas regulators recently were notified they will receive a $13.3 million grant from the U.S. Department of Energy to modernize the state’s electrical grid infrastructure. The investment will be provided through the Grid Resilience State and Tribal Formula Grants program and will be administered by the Kansas Corporation Commission. KSNT reported the improvements will …
Rain but no July record in Oklahoma
All the recent rain in Oklahoma won’t likely be enough to break any records for the month of July. So says State Climatologist Gary McManus. Writing this week, he said the state won’t be seeing its wettest July 1-31 on record. “That belongs to July 1950 an its whopping 9.07 inches. Our statewide average of …
Headlines of other energy stories
** Shale oil production, which has revolutionized the energy industry and transformed the US economy, will stop growing in August, according to a government report. After hitting record highs in June and July, US crude production is set to fall in August for the first time this year to 9.4 million barrels a day, led …
Attorney General Drummond to reveal natural gas market manipulation decision
Oklahoma Attorney General Gentner Drummond has apparently made up his mind whether to press ahead with possible charges or claims of market manipulation that occurred during the 2021 Winter Storm Uri. He will reveal details of his decision during a Tuesday morning news conference (10:30 a.m.) at the state capitol. A release from his …
China’s economic report sends crude oil prices down
As crude oil prices dropped Monday by more than 1.5%, Oklahoma energy stocks were mixed in trading. But some firms saw up to a 7% gain for the day. What brought about the drop in crude? Weaker than expected Chinese economic growth. It produced doubts over the strength of demand by the world’s second biggest …
Rig numbers in Oklahoma and the U.S. continue their decline
Oklahoma’s oil and gas rig count continues its slow decline following the national trend according to the most recent report from Baker Hughes Company. In the past week, Oklahoma’s rig count fell by one to 39. A year ago, there were 63 active oil and gas rigs in the state. Nationally, the count fell by …
Canvas Energy shows production from 3 Kingfisher County wells
Canvas Energy LLC of Oklahoma City, formerly Chaparral Energy, filed completion reports on three wells drilled on a single pad in Kingfisher County that had combined production of more than 600 barrels of oil a day. Drilled at 36 17N 7W, a site several miles north of the city of Kingfisher, the Corner Pocket …