On the day its shares rose nearly 11%, Oklahoma City-based Mammoth Energy Services Inc. announced plans to take part in two upcoming investor conferences. Arty Straehla, Chief Executive Officer, and Mark Layton, Chief Financial Officer, are scheduled to meet with investors at the Barclays 2022 CEO Energy-Power Conference in New York City on …
Talks with Iran continue boosting oil prices
Oil prices in the U.S. and overseas rose on Wednesday following word that the U.S. won’t ask for additional concessions in a proposed restoration of Iran’s nuclear deal, a move that would allow Iran to export more oil on the world markets. West Texas Intermediate crude for October delivery managed a $1.15 increase to settle …
Chickasha company could be fined millions over recent hazardous waste fires
Oklahoma environmental regulators came down hard Tuesday on a Chickasha company, proposing more than $6 million in fines stemming from recent fires sparked by hazardous waste. Rob Singletary, general counsel at the Oklahoma Department of Environmental Quality announced the penalties according to News 9. Click here for News 9
50% increase in oil export revenues expected for OPEC this year
A new government forecast predicts OPEC members will earn about $842 billion in oil export revenue this year, the most inflation-adjusted net oil export revenue for the group in 8 years. The U.S. Energy Information Administration made the prediction, stating that OPEC nations collectively earned $992 billion back in 2014. “Based on our forecasts …
Research group defends criticism of Oklahoma’s storm-cost recovery plan
A research group whose study in February roundly criticized Oklahoma’s cost-recovery method allowed for utilities over 2021 Winter Storm Uri costs, defends its conclusions in response to an Oklahoma Corporation Commission official’s critical comments. Intelometry, the firm OK Energy Today first reported about last winter, a report used by opponents of the bond-securitization plan …
Big fine in New Mexico for big Permian Basin operator
One of the largest oil and gas operators in the Permian Basin of West Texas and southeast New Mexico agreed recently to pay a $1.8 million fine to settle wastewater issues with New Mexico oil and gas regulators. XTO Permian Operating’s fine is slightly more than $1 for every acre the company holds in …
Opposition grows to billionaire’s wind farm plan in Wyoming
Billionaire Phillip Anschutz—yes, that Phillip Anschutz, former owner of The Oklahoman newspaper, is moving ahead with his ambitious plan to build a 600-turbine wind farm in Wyoming. He also is building a more than 700 mile transmission line to carry the electrical power to California reported the Los Angeles Times. Click here for Los …
Headlines of additional energy stories
** The Biden administration denies allegations that it violated environmental laws and failed to consider and disclose the climate impacts when approving 3,500 oil and gas drilling permits since early 2021. ** A coalition of 26 climate change, public health and environmental justice advocacy organizations formally petitioned the Environmental Protection Agency (EPA) on Tuesday to regulate air pollution …
Record number of Americans who can’t pay their utility bills
Chances are you know someone who is behind on their utility bills. One national group puts the number at more than 20 million households or about 1 in 6 American homes. The estimate comes from the National Energy Assistance Directors Association (NEADA) reported Bloomberg. Click here for Bloomberg
Halliburton announces new participants in its energy research
Halliburton Labs announced it selected three new companies to participate in its collaborative environment to advance cleaner, affordable, and reliable energy. As a Halliburton Labs participant, AW-Energy, RedShift Energy, and Renkube will receive access to a broad range of industrial capabilities, technical expertise, and mentorships to scale their respective businesses. “Halliburton Labs is excited …