Four years after the category 5 Hurricane Maria hit Puerto Rico leaving it without electrical power, Oklahoma City’s Mammoth Energy Services remains to be paid hundreds of millions of dollars for the power restoration work it performed in the aftermath. The country refuses to pay. In a recent filing with the Securities and Exchange …
Federal probe to reveal if price gouging happened in February winter storm
A U.S. Senator from Kansas says he’s been told by federal energy regulators that results of an investigation into price gouging during the February winter storm Uri will be coming soon. It’s what Sen. Roger Marshall, R-Kansas said in a recent interview reported the Topeka Capital Journal. The Federal Energy Regulatory Commission launched an …
Oklahoma remains strong for wind power
A new report shows Oklahoma continues to be a strong state for wind power, ranking third nationally behind Texas and Iowa for installed generation capacity in 2020 and third nationally for the percentage of electrical power generated by wind. The Department of Energy’s Land-Based Wind Market report showed a record 16,836 megawatts of U.S. wind …
Former Interior Secretary wants protective zone around Chaco ruins
A call is being made to put a 10-mile no energy-leasing zone around the Chaco Culture National Historical Park in northwestern New Mexico. The call comes from Bruce Babbitt, the former Secretary of the Interior Department. In an opinion piece in Writers on the Range, Babbitt said “a surge of oil and gas development threatens …
Ranken boasts of reduced drilling costs
Edmond-based Ranken Energy Corporation says it has managed to cut drilling costs thanks to its work with Dan D Drilling, another Oklahoma-based energy company. Through a relationship with drilling contractor Dan D Drilling, Ranken stated it has successfully cut expenditure costs, primarily via minimizing days on the well and reducing the well site footprint afforded …
Oil prices up ahead of OPEC+ meeting
Anxious to see whether OPEC ministers will keep a steady pace in raising oil supplies, investors didn’t back away from putting their money in crude oil futures on Friday. They also liked what they saw in Oklahoma energy stocks as oil finished just short of a three-year high. West Texas Intermediate crude for November delivery …
Nine Energy sets to release 3Q earnings report
Houston’s Nine Energy Service, Inc., the company with significant completion operations in Oklahoma plans to release its third quarter 2021 earnings report in early November. The company will release the report on Thursday, Nov. 4 followed by a 9 a.m. conference call where leadership will discuss the results. Nine Energy had second quarter revenues …
Increased rig numbers in Oklahoma and U-S
Figures from the latest Baker Hughes Co. rig count showed Oklahoma’s numbers increased by one in the past week to 40 oil and gas rigs in the state. The count compares to only 12 rigs one year ago. Nationally, the count increased by 7 over the last several days to reach a total of …
Ardmore remembers deadly 1915 rail tanker blast
The city of Ardmore is recalling the deadly and disastrous rail tanker explosion 106 years ago that left more than 50 people dead and the city’s downtown in ruins. As The Daily Ardmoreite recalled this week, a railroad car filled with 250 barrels of gasoline blew up Sept. 27, 1915 right in the downtown …
Oil royalty scheme leads to guilty pleas by 3 OKC men
Guilty pleas have been made by three Oklahoma City men charged with federal conspiracy charges involving oil and gas royalties. The charges involved millions of dollars according to a report by The Oklahoman. Click here for The Oklahoman.