** The Trump administration’s order to stop construction of the nearly completed Revolution Wind project is putting hundreds of offshore workers out of a job — including dozens of local fishermen who voted for President Donald Trump and are asking him to reverse course. ** The Department of the Interior is moving forward with three competitive …
Ten counties in the Permian Basin account for 93% of U.S. oil production growth since 2020
An interesting fact about the nation’s oil production…93% of it comes from just 10 counties in west Texas and southeast New Mexico. Those 10 counties are in the shale oil rich Permian Basin, a zone where several Oklahoma oil and gas companies are active in production and transportation. The 10-county report comes …
One oil play’s loss in the state is another’s gain
The most recent rig count released by Baker Hughes revealed how one oil play in Oklahoma experienced a decline in numbers, another state play saw a gain. Based on the Baker Hughes Rig Count, the Granite Wash fell by 16 rigs to 14 rigs. But, the Cana Woodford saw a growth of 2 rigs …
Water and its importance to be topic of upcoming OU conference
Every other year since 2009, the University of Oklahoma’s Water Technologies for Emerging Regions Center has held a water conference on campus. This year’s will be held in a few weeks. The Water center is defined as a grass roots, faculty led effort that started in 2006 and was formed to meet a …
Oil prices dropped on Friday
Friday saw a drop in crude oil prices and those for natural gas. Traders expected weaker demand in the states while OPEC and its allies are planning a big increase in supply this fall. OPEC+ members will meet this week. Global benchmark Brent crude futures for October delivery expired on Friday and closed …
Helmerich and Payne to be active in coming conferences
Helmerich & Payne Company executives will be busy this month in taking part in investor conferences. The leaders include John Lindsay, President and Chief Executive Officer; Kevin Vann, Senior Vice President and Chief Financial Officer; and Todd Scruggs, Vice President of Finance & Treasury. They plan to participate in several investor conferences during …
Wynnewood Refinery gets EPA relief from blended fuels production requirements
CVR Energy, Inc. operator of the Wynnewood refinery in southern Oklahoma says it’s been granted hardship relief under its obligations under the Renewable Fuel Standard, as recently announced by the Environmental Protection Agency. The Renewable Fuel Standard (RFS) is an American federal program that requires transportation fuel sold in the United States to contain a minimum …
Corporation Commissioners to meet Tuesday
Oklahoma Corporation Commissioners plan to start the month of September with a regular meeting on Tuesday, the day after Labor Day. One of the items to be considered in the 1:30 p.m. meeting is a correction to the Commission’s move last week to initiate a Notice of Inquiry into a study of nuclear …
Oklahoma rig count remains steady while nation’s numbers fall
The nation’s oil and gas rig count in the past week took a drop of two rigs, leaving 536 still active, while Oklahoma’s numbers remained steady. The Baker Hughes rig count, released on Friday, showed a loss of one oil rig but 412 still are in the oil patch. The gas rig …
Energy briefs
** The Palisades power plant in Covert Township, Michigan, on Aug. 25 became the first decommissioned U.S. nuclear plant to officially transition to “operations” status, owner Holtec International said in a statement. ** Since President Donald Trump took away $7,500 tax credits for EVs, demand for the vehicles has slumped, contributing to a widespread battery surplus. The shift …
