One of the latest renewable energy farms in South Texas is going up courtesy of a Danish company. The Orsted company from Denmark is building 66 wind turbines in northern Bee County just north of Corpus Christi and not far where it is also building a one-million solar panel operation according to KIII TV. Click here …
Mullin says Russian crude oil ban is right move
Oklahoma Congressman Markwayne Mullin says the White House decision to ban Russian crude oil and petroleum imports is long overdue. It’s why he voted Wednesday night in support of H.R. 6968, the Suspending Energy Imports from Russia Act and Security Division 1 of H.R. 2471, the Consolidated Appropriations Act. “While the Suspending Energy Imports from …
Lankford says enviros are running the nation’s energy policies
When it comes to America’s energy policies, especially oil and gas, Oklahoma U.S. Sen. James Lankford says the “environmental left” is clearly running the White House. It’s what he said this week in one of two interviews on Newsmax Wake Up America and Fox News Radio The Brian Kilmeade Show. “They’re really the ones running the White …
U.S. drilling interest increases
The U.S. rig count rose by 10 in the last week to 754 as of March 9, according to Enverus Rig Analytics. Activity levels are up 4% in the last month and 61% in the last year. The count was as high as 758 in the last week compared to a peak of 747 …
Rep. Bice says the White House isn’t telling the truth about drilling permits
Oklahoma Congresswoman Stephanie Bice says the White House has been “dishonest” in its claims the oil and gas industry is sitting on 9,000 federal drilling permits and is partially to blame for rising gasoline prices. In a speech on the House floor this week, the 5th District U.S. Representative charged the Biden administration, especially …
Chesapeake finalizes $2.6 billion acquisition
Chesapeake Energy Corporation announced it has completed its previously announced acquisition of Chief E&D Holdings, LP and associated non-operated interests held by affiliates of Tug Hill, Inc. The Oklahoma company announced in January it would buy the natural gas producer and some non-operated stakes held by Tug Hill in a nearly $2.6 billion cash …
ONEOK executive appointment made
Executive leadership changes have been announced by ONEOK. The company said Kevin L. Burdick will become Executive Vice President and Chief Commercial Officer as of March 28. In turn, Burdick will be responsible for all ONEOK commercial activities and continue to report to Pierce H. Norton, II, President and CEO. Scott Schingen, Senior Vice …
Oklahoma House approves landmark autonomous vehicles bill
The Oklahoma House of Representatives has passed legislation authorizing the operation of fully autonomous vehicles on public roads. Authored by Rep. Nicole Miller, R-Edmond, House Bill 3317 creates a comprehensive framework for Oklahoma to regulate the use of autonomous vehicles (AVs) to protect the public and infrastructure. “AV technology already exists and it’s already …
Hamm buys another $20 million in his company
More than 3 months after billionaire oilman Harold Hamm bought more than $11 million in shares of Continental Resources, the company he founded in 1967, he’s bought another nearly $20 million in company stocks. A filing with the Securities and Exchange Commission shows Hamm, on March 7 and 8, paid $19,965,342 for 336,844 shares. …
Earnings keep improving for SandRidge Energy
SandRidge Energy’s fourth quarter earnings helped boost the company’s 2021 net cash by $131.3 million compared to 2020 losses, stated the Oklahoma City firm on Wednesday. Net cash for the year reached $139.5 million which represented net cash of $3.80 per share of common stock. Its adjusted EBITDA was $113.5 million in …