Oklahoma Corporation Commissioners voted unanimously this week to lend their support to a lawsuit against Vermont by State Attorney General Genter Drummond. The vote was 3-0 Tuesday as Commissioner Brian Bingman agreed that Vermont’s Climate Superfund Act would have an “adverse effect in Oklahoma” and added it would be “a positive sign to …
Fermi and Rick Perry file for initial public offering to build massive data center at Amarillo
The energy company founded by former Energy Secretary and Texas Governor Rick Perry filed an initial public offering this week as it moves forward with plans to develop what it calls one of the largest data centers in the world at Amarillo. Fermi America announced its plans for the data center during the …
ConocoPhillips and its cost-cutting moves
With 10% of its workforce of more than 13,000 in Bartlesville, ConocoPhillips is moving ahead with laying off up to 25% of the staff worldwide—a move to cut costs at a time when oil prices are falling. Bartlesville workers are wondering if they will be part of the reduction in workforce as the …
Energy briefs
** Hawaiʻi and Wisconsin joined the Affordable Clean Cars Coalition last week, increasing membership to 13 state governors reported Utility Dive. Launched in May, the coalition aims to promote more affordable electric vehicles, support U.S. automotive manufacturers and preserve states’ authority under the Clean Air Act. ** Spire natural gas customers in Missouri will see …
Crude oil prices rose after Israel attacked Hamas leadership in Qatari
Crude oil prices jumped up more than 1% on Tuesday after the Israeli military attacked Hamas leadership in the Qatari capital of Doha. Qatar called the attack “cowardly” and said it was a violation of international law. Israel’s attack came a few days after four of its soldiers were killed in a tank …
EIA predicts $50 oil by early 2026
If the federal government’s Energy Information Administration prediction is correct, it doesn’t look good for the oil and gas industry as lower crude oil prices are anticipated in the coming months. It predicts as much as a $19-a-barrel plunge by early 2026. The forecast was issued by the U.S. EIA in a short term …
Hedge fund now controls 19% of OKC’s Gulfport Energy shares
Credit hedge fund Silver Point Capital now owns more than 19% of the shares in Oklahoma City-based Gufport Energy Corp., a company with a strong focus on natural gas exploration in Ohio. A filing with the Securities and Exchange Commission revealed Silver Point now owns 19.4% of the shares in Gulfport, 3,739,920.00 shares. Details …
Interest surges in Canola production for biofuels
Readers might think we’re swerving away from energy news when we begin a discussion of winter Canola, the farm crop. But we aren’t. There is a reported renewed interest in the crop because of the growing demand for renewable fuels. It was a major topic of discussion at a recent Southern Plains regional …
Energy briefs
** Cenovus Energy has reached an agreement to sell its 50% stake in a joint venture with Phillips 66 for $1.4 billion cash, the companies said Sept. 9. The divestiture comes after Cenovus said last month it would purchase fellow Canadian oil sands producer MEG Energy Corp. in a cash-and-stock deal valued at $5.7 billion. …
City of Muskogee tries a third time to annex site of Polaris Technologies data center
The fight by data center Polaris Technology and the city of Muskogee over the city’s annexation of its industrial park where Polaris is located took another step this week. The City Council in Muskogee voted to rescind its annexation ordinance and, in effect, start all over again. It is the city’s third attempt …
