All it takes for the state of Kansas to eliminate flashing red lights atop wind turbines is the signature of Gov. Laura Kelly. The legislature passed Senate Bill 49 and sent it t o her to b e signed into law, requiring wind farm operators to use light-mitigating technology on new and existing …
Leadership changes announced at Gulfport Energy
Changes of corporate officers were announced Monday at Oklahoma City’s Gulfport Energy Corporation. Michael Hodges was named Executive Vice President and Chief Financial Officer while William “”Bill” Buese will transition from the CFO role. Buese will serve as an advisor to the Company until May 3, 2023. John Reinhart, Gulfport’s Chief Executive Officer commented, …
OK energy stocks gained up to 12% as crude oil rose 6% following OPEC+ production cut
Crude oil prices and Oklahoma energy stocks soared in value in Monday’s trading after OPEC+ stunned markets with announced intentions to cut more production. Prices rose 6% while OK energy stocks gained as much as 11% and 12% in several instances. Investors apparently are worried that crude oil supplies will tighten following the decision …
Commissioner Anthony makes blistering attack over failure to investigate natural gas costs
Oklahoma Corporation Commissioner Bob Anthony repeated his call for independent experts to review the 2021 Winter Storm Uri fuel costs claimed by PSO and ONG, and at the same time told his fellow Commissioners they were wrong in claiming the agency lacked such investigative powers. He also suggested $3 billion in fuel costs were …
High fire dangers still exist this week in Oklahoma
Just because the winds aren’t expected this week to be close to the 75 mile an hour wind gusts that fanned dust storms and wildfires last week in Oklahoma, doesn’t mean there will be any less concern for wildfires. After 36 homes were destroyed by fires on Friday north of Edmond, the Oklahoma Forestry …
Colorado oil and gas exploration remains behind pre-COVID-19 pandemic activity
Over the past two years, the oil and gas drilling activity in Colorado rebounded but remains below the amount of exploration that was performed before the COVID-19 pandemic. At last count, there were 19 active drilling rigs in the state according to Baker Hughes. Colorado has faced challenges in expanding its oil and gas …
Turnpike Authority to be briefed on investigative audit move by Attorney General
The Oklahoma Turnpike Authority will consider Tuesday the move by State Attorney General Gentner Drummond to carry out an investigative audit of the giant transportation agency. The item is one of many on the agenda for the meeting of the Authority. Director Tim Gatz is expected to give an update about the AG’s decision …
Other brief energy stories
** Tesla Inc. notched another record quarter of vehicle deliveries by a slim margin after cutting prices across its lineup early this year, suggesting orders may have slowed after an initial surge in demand. ** States are doling out more cash than ever to lure multibillion-dollar microchip, electric vehicle and battery factories, inspiring ever-more competition as …
Ovintiv expands holdings in Permian Basin and unloads Bakken assets
Ovintiv, the company with a history of large producing oil wells in Oklahoma’s STACK play announced the $4.2 billion acquisition of more holdings in the Midland Basin of Texas, while at the same time selling its Bakken assets in North Dakota in an $825 million agreement to help finance the Midland deal. The Denver, …
Empire Petroleum reports improved performance in 2022
An “outstanding year across the board,” is how Empire Petroleum’s President and CEO Mike Morrisett described 2022 for the Tulsa-based company as he released fourth quarter and full year financial results. The company announced that higher net sales volumes and pricing drove a 95% increase in revenue to $52.9 million for full-year 2022 that …
