** An explosion at a U.S. Steel plant south of Pittsburgh killed two people and injured more than 10 others. The CEO has vowed to find out what caused Monday’s blast while the workers’ union says it will make sure there’s a thorough investigation. ** Five countries account for more than two-thirds of the world’s total nuclear electricity generation …
Energy Transfer announces offering of $2 billion in notes
Dallas-based Energy Transfer LP just announced a whopping $2 billion in notes. Energy Transfer, with a major Oklahoma City office, is offering $1.2 billion in Series 2025A junior subordinated notes due 2056. It is also offering $800,000,000 aggregate principal amount of Series 2025 junior notes due 2056. The offered prices to the public are …
Crude oil was steady at the opening of the week’s trading
Crude oil prices were mostly unchanged on Monday’s trading just days ahead of the meeting between President Trump and Russia’s Putin regarding the war in Ukraine. Only a few cents separate Monday’s close from Friday. Oil prices had a horrible week last week when they fell more than 4%. Trump and Putin intend …
Protesters marched in NYC against Williams pipeline proposal
The bid by Williams to win approval to construct a natural gas pipeline into New York was met with opposition by hundreds of demonstrators over the weekend. The Tulsa-based company awaits an August 16 deadline for public comment but if the Saturday morning demonstration was any sign, the firm will face some …
Energy briefs
** The Trump administration has a new beef with renewable energy: It takes up too much space. One of the Interior Department’s latest rules for evaluating whether to approve energy projects on federal land will focus on “energy density,” a metric that supposedly captures how much power a project can produce per acre of land …
Mammoth Energy’s revenue held steady in 2Q
Mammoth Energy Services, Inc reported financial and operational results for the second quarter ended June 30, 2025, showing a slight gain in revenue from operations. Total revenue from continuing operations was $16.4 million for the second quarter of 2025 compared to $16.0 million for the second quarter of 2024 and $15.6 million for the …
Trump’s One Big Beautiful bill cancelled billions in solar projects for states
New Mexico, Colorado and Arkansas are some of the states affected by the Trump administration’s recent announcement of the cancellation of about $7 billion in grants funding solar energy projects for low-income households. The U.S. Environmental Protection Agency sent notices to states where grants were made through the Solar for All program, a …
Two strongholds of drilling in western Oklahoma
Oklahoma was one of a handful of states where oil and gas drilling rig counts grew in the past week, according to a Rig Count released by Baker Hughes Co. Oklahoma’s gain of two rigs, reaching a count of 43 came in the Cana Woodford where the total reached 15 active rigs. The …
Summit Utilities seeks $5 million rate hike on customers
By Mike W. Ray Southwest Ledger Summit Utilities Oklahoma has applied to the state Corporation Commission for a $4.9 million base rate increase. The public comment period will open Nov. 24 and a public hearing on the merits of the proposal is scheduled in Oklahoma City on Dec. 15. SUO customers are to be …
Natural gas to help create Oklahoma’s first private power plant
One of the supporters of a proposed “behind-the-meter” power plant and data center in Chickasha believes the availability of natural gas for the project is a perfect fit. Bond Payne, a former chief of staff to Gov. Kevin Stitt and now a developer, stands behind the large effort of California businessman Chet Hitt …
