The latest Enverus rig report showed a decline in the Anadarko Basin, contributing to the loss of at least 10 rigs nationwide in the past week. The U.S. count fell by 10 to 843 during the week ended Feb. 15 according to Enverus Foundations data. The count is down 4% last month and up …
Wind farm operator ALLETE, Inc. based in Minnesota and with operations in Oklahoma, reported improved earnings per share as well as net income in 2022. But its wind farm subsidiary also had issues with the Southwest Power Pool and its Oklahoma wind farm operations. The firm said total 2022 earnings were $3.38 per share …
The TravelCenters of America located in Oklahoma, 2 in Oklahoma City and one in Sayre, will soon be under new ownership following a $1.3 billion acquisition by BP. BP and TravelCenters of America reached agreement in which BP will acquire all of the outstanding shares of TA common stock for $86 a share in …
Oilman Harold Hamm will be honored at the April annual meeting of the Energy Workforce and Technology Council to be held in Austin, Texas. Hamm will receive the Platinum Award given for outstanding leadership in the oil and gas industry. Energy Workforce plans to celebrate Hamm’s dedication to the industry as well as his …
With historic cash flow reported in the 4th quarter for Oklahoma City’s Devon Energy, one thing is clear…the company’s commitment to its shareholders. It was repeated during this week’s conference call by Rick Muncrief, President and CEO who addressed investors and reporters. ‘I want to be clear that there’s no change to our disciplined …
The growing supply of crude oil in the U.S. was reflected again in the past week as supplies made a slow gain at the Cushing hub in Oklahoma. The U.S. Energy Information Administration reported that as of Feb. 14, Cushing’s total crude oil storage amounted to 39.7 million barrels, a gain of 800,000 barrels …
If Edmond State Rep. Ryan Martinez thought his bill designed to give choice and competition in Oklahoma’s electricity market would be quickly approved in the legislature, he’s run into some opposition from one of the more powerful utilities in the state, not to mention from an electricity promoting group. In other words, the deregulation …
ONE Gas, Inc. leadership plans to be part of the Morgan Stanley Global Energy and Power Conference scheduled for Monday, Feb. 27 in New York City. Company representatives will follow that with attendance at the BofA Securities Power, Utilities and Clean Energy Conference to be held Wednesday, March 1 in Boston. Robert S. …
The federal government reports the nation’s production of renewable diesel fuel surpassed biodiesel production for the first time since 2011. The U.S. Energy Information Administration, in its January 2023 Petroleum Supply Monthly stated that renewable diesel production in November 2022 averaged 113,000 barrels per day (b/d), a 38,000 b/d (51%) increase from November 2021 and …
U.S. Senator Markwayne Mullin (R-OK), a member of the Senate Armed Services Committee, highlighted the importance of American energy independence during a hearing this week about global security challenges and strategies During his remarks, Senator Mullin questioned the Biden Administration’s readiness regarding threats of energy warfare and emphasized how the United States must use domestic production to …
