The U.S. Rig Count fell by four in the past week, leaving 546 active oil and gas rigs still breaking the plains of energy-producing states, reported Baker Hughes Co. on Friday. The weekly rig count remains one of the most closely-watched indicators in energy markets because of how drilling levels shape future supply exposure. Every …
Supreme Court demands physical delivery The Oklahoma Corporation Commission will have to deliver more than 7,000 pages of documents to the Supreme Court as it considers the filing of a lawsuit by three legislators challenging 2021 winter storm rate hikes and votes by Commissioner Todd Hiett. This confrontation now sits in one of the most …
Crude Oil Prices end week higher Crude Oil Prices finished the week on Friday with slight gains in both Brent crude futures and WTI crude. However, energy markets traded in intense volatility during Friday’s full session. Friday saw a wild trading session amidst reports the U.S. will launch air strikes on Venezuela, but President Donald …
Grid Reliability and the Texas grid surge The grid operator in Texas, known as ERCOT, says there is such a “rapid explosion” of large load users that it’s more than the grid can handle.This framing forces industry decision makers to rethink Grid Reliability as a core risk metric.Additionally, the warning reinforces alignment between transmission analysts …
Federal AG Pressure on Small Refinery Exemptions Attorneys general in Iowa, Nebraska, and South Dakota targeted Small Refinery Exemptions over alleged manipulation. They accused small refiners of claiming economic hardship to obtain relief. Additionally, they argued these exempt refiners tell investors they remain financially strong. Oklahoma Energy stakeholders monitor the push because refinery policy shifts …
American Electric Power Expands Grid Spending in $72B Plan Energy Brief highlights major utility capital expansion. AEP increased its five-year capex plan 33% to $72 billion as power demand grows across multiple states. Company leaders said new spending targets long-term grid infrastructure reinforcement, capacity additions, and modernization for reliability. Executives emphasized major investment will be …
Q3 Results for Mammoth Energy Mammoth Energy recorded a drop in total revenue from operations in the third quarter along with increased net loss, according to the firm’s financial report released on Friday. However, the Oklahoma City-based firm continues restructuring toward a long-term transformation strategy rooted in disciplined capital deployment. Oklahoma Energy companies continue navigating …
Crude Oil Prices Slip Amid Trade Uncertainty A combination of the Federal Reserve’s latest rate cut and the meeting between President Donald Trump and Chinese President Xi Jinping sent crude oil prices falling on Thursday.Early trading showed the decline continuing through the afternoon, with U.S. benchmark West Texas Intermediate (WTI) crude closing at $60.25 per …
Federal Regulators Reject Tri-State’s Large-Load Proposal A major setback hit Tri-State Generation and Transmission Association in Colorado after the Federal Energy Regulatory Commission (FERC) rejected its proposed large-load tariff meant to serve the growing power demands of data centers. FERC ruled that the proposal overstepped its jurisdiction, explaining that Tri-State’s tariff attempted to regulate retail …
Opposition Mounts Over Project Jupiter Data-Center in New Mexico Some New Mexico residents filed lawsuits over the massive Project Jupiter data-center proposal near the Texas border. They argue the plan will violate the Energy Transition Act, and that Doña Ana County approved the deal without a complete application. Lawsuits Cite Incomplete Application and State-Law Violations …