Oklahoma Gov. Kevin Stitt reached out to the federal government and asked for a national declaration over the historic winter storm that kept the state in a literal deep freeze for nearly two weeks. And it didn’t take long for President Biden to act and give the assistance. The President quickly declared that an …
While millions of Texas residents suffered power outages for the past several days in the historic winter storm, those who live in El Paso escaped such losses of power. Why? Because El Paso is not part of the Texas power grid. Instead, it belongs to the Western power grid which covers 14 Western states, …
Texas Gov. Greg Abbott moved this week to stop the out-of-state sales of any natural gas produced in Texas as millions of residents deal with rolling blackouts and frigid winter weather. He issued the order and noted that some producers had been exporting their natural gas to areas outside the state. “I have issued …
Force Majeure just reared its ugly head in oil production across the Permian Basin, an oil-rich region where production was already down more than 1 million barrels of oil a day. It’s the term thrown out Oklahoma Corporation Commission meeting this week as regulators debated how to order utilities to focus on customers as …
As the grip of the deadly winter storm lessens across the state of Oklahoma, the electrical power supply had improved as of Thursday morning. The Oklahoma Association of Electric Cooperatives reported only 9 customers without power and they were in Grady and Stephens Counties. Oklahoma Gas & Electric had a reported 1,000 restoration workers …
The crisis over the power supply challenges in Oklahoma has the attention of Continental Resources CEO Bill Berry who told investors on Wednesday the company is producing about half of the natural gas it normally does. During a conference call to discuss the company’s fourth quarter 2020 earnings report, he told listeners and viewers, …
Skip to content Crude oil prices jumped again in U.S. trading on Wednesday as West Texas Intermediate crude rose $1.09 to finish the day at $61.14 a barrel. The oil price is for March delivery. Global benchmark Brent crude for April delivery increased 99 cents to settle at $64.34 a barrel in trading …
Mammoth Energy Services Inc. announced Wednesday that one of its wholly owned subsidiaries had obtained a new contract worth $40 million over the next three years. And it could lead to an expansion of the company. Aquawolf, LLC was awarded the contract by a major utility that was not named in the announcement. The …
In a more than $7 billion deal, Oklahoma City’s Enable Midstream is merging with Dallas-based Energy Transfer LP. The transaction will include a $10 million cash payment for Enable’s general partner and represents the latest consolidation of companies in the energy downturn that were predicted by many analysts. Under the agreement, Energy transfer will …
Defenders of renewable energy are firing back claiming frozen wind turbines were not the main cause of the massive power challenges confronting residents of Texas and Oklahoma. The issue melted into a political one between conservatives and liberals. A few days after some observers had noted that wind turbines were frozen in West Texas …
