No surprises came out of the recent annual meeting of stockholders in Gulfport Energy Corporation in Oklahoma City. Results of the elections were announced this week indicating that shareholders elected the slate of directors. Timothy J. Cutt, David Wolf, Jason Martinez, Jeannie Powers, David Reganato, John Reinhart and Mary Shafer-Malicki were elected to serve …
The 1 million acres of Texas Panhandle land scorched by the late February wildfires that spread into western Oklahoma are quickly recovering. Green grass is popping up on land that had been darkened by the deadly fires that left two people dead along with more than 10,000 head of cattle. Losses are still estimated …
Oklahoma’s oil and gas industry came out a winner in the recent budget deal announced by legislative leaders. The agreement included $50 million for a tax rebate program for methane-reduction equipment upgrades. The Oklahoma Tax Commission will administer a revolving fund and allow companies to claim up to 25% of their costs to …
ConocoPhillips is still betting on the production of oil and gas as the company that had its origins in Oklahoma announced Wednesday it is acquiring Marathon Oil Corporation in a more than $22 billion deal. Now headquartered in Houston, the company describedthe deal as an all-stock transaction with an enterprise value of $22.5 …
** The Biden administration on Tuesday announced new guidelines for ensuring the integrity of carbon credits or offsets. Individuals, businesses and other entities can buy these credits to try to “offset” their emissions as part of an effort to achieve net-zero. This can entail things like paying organizations toplant trees or prevent them from being cut down. ** ConocoPhillips …
Not only did crude oil prices jump more than $2 a barrel or nearly 3% in Tuesday’s trading but Oklahoma energy stocks gained as well with a few seeing 6% and 7% boosts for the day. Crude prices rose on an anticipation that OPEC+ will maintain crude supply restrictions when members meet June 2. The …
The Judge who suspended Oklahoma’s enforcement of its Energy Discrimination Elimination Act, the measure enacted two years ago to protect the oil and gas industry from discriminating financial firms, is now being asked to offer a victory to the state retiree who filed suit and challenged its constitutionality. The attorney for state retiree Don …
Attorney General Gentner Drummond finally offered comments over the legal action he took last week in going to the U.S. Supreme Court in a challenge of the climate litigation against the oil and gas industry undertaken by California, Connecticut, Minnesota, New Jersey and Rhode Island. He accused the states of trying to dictate America’s energy …
by Mike Ray Southwest Ledger The state Corporation Commission approved Fort Cobb Fuel Authority’s fuel adjustment clause for calendar year 2022 even though it was significantly higher than the amounts charged by three other natural-gas providers in Oklahoma. In calendar year 2023 the average utility price per thousand cubic feet (Mcf) of natural …
Summit Utilities, the company that recently revealed plans to build a green hydrogen production plant in Cushing, just dodged a bullet at the Oklahoma Corporation Commission. Summit challenged a Commission Administrative Law Judge’s recommendation as well as opposition from the Commission’s Public Utility Division to allow the firm to proceed without competitive bidding to …