The president of a Texas oil company warns of layoffs and a potential slowdown in drilling next year as OPEC+ producers flood the market and drive down prices. With the clock ticking as 2026 is weeks away, not all oil companies will be walking into the new year optimistic. “I think what [oil …
Category: General
Mach reduces 2026 drilling effort following 3Q losses
Oklahoma City’s Mach Natural Resources LP reported total revenue and net losses of $273 million and $36 million in the third quarter of 2025, respectively and decided to cut back on oil and gas exploration in the remaining quarter of 2025. The company explained it “Reduced 2026 drilling and completion capital program by 18% …
Bridge over Lake Texoma to be replaced in 2026
Lake Texoma bridge replacement shifts into formal design phase Nearly five months after flooding at Lake Texoma caused damage to the US-70 Roosevelt Memorial Bridge, the Oklahoma Department of Transportation starts the process of designing a replacement for the structure with construction possible in 2026. ODOT signals urgency because this route holds economic and mobility …
Data center raises concerns for OKC Planning Commission
Hyperscale Data Centers Pressure OKC Planning System The data center hype is being felt at City Hall in Oklahoma City where city planners prepare in the coming week to decide if zoning changes are necessary to handle concerns and questions about their growth. The Planning Commission will meet Thursday, November 13 to hear the city’s …
Retirees Say ESG Blacklist Threatens Financial Security
ESG Blacklist legal fight remains active at the Oklahoma Supreme Court More than a year after an Oklahoma County District Court judge enjoined the state from enforcement of its anti-ESG law and ordered State Treasurer Todd Russ to stop creating a ESG Blacklist, the case remains before the Oklahoma Supreme Court.However, legal friction continues building …
Natural gas rig numbers on the rise in the US
A weekly gas report from the Energy Information Administration shows the expansion of natural gas drilling efforts across the U.S. and reflects how interest has resulted in a growth in the number of gas-drilling rigs compared to those drilling for oil. Rig Count According to Baker Hughes, for the week ending Tuesday, October 28, …
Oil and gas rig numbers increased across the US
While the number of oil and gas rigs across Oklahoma was unchanged over the past week, the count grew to 548 across the U.S. The latest Baker Hughes Rig Count, released on Friday, showed a gain of 2 rigs for the national total. The number of oil rigs was unchanged at 414 while there …
Crude oil rose Friday but still fell for the week
Crude oil prices made slight gains on Friday after dipping at mid-day. Increases came following President Trump’s meeting with Hungary’s Prime Minister Viktor Orban where they discussed making an exception for his country to use Russian crude oil. Prices had fallen earlier in the day as global benchmark Brent registered a loss on the …
Energy Brief: Ford EV Sales, Natural Gas, Data Centers
Ford Considers F-150 Lightning Withdrawal as EV Sales Expectations Fall Ford reportedly discussed scrapping its electric F-150 Lightning. The automaker expects energy sector EV sales to fall over the next few years. Ford leadership now questions near term EV adoption curves. The company sees stubborn pricing compression and higher consumer hesitancy. Industry analysts said weakening …
Mitchell talks energy with Jerry Bohnen…CWIP and a possible court challenge?
https://www.facebook.com/reel/1321124226415352 Guess what’s the big topic in the latest Mitchell talks energy with Jerry Bohnen? CWIP and the possible higher costs for ratepayers on projects they have to wait on. Could a vote this week by Corporation Commissioners result in a constitutional challenge of the new law? It’s the speculation as Scott Mitchell and …