The ranchers, conservationists and environmentalists who spent the past 10 years fighting new oil and gas drilling in the region called the Thompson Divide in central Colorado are finally seeing victory. U.S. Interior Secretary Deb Haaland moved this week to withdraw a broad swath of Bureau of Land Management and Forest Service land …
Storms could interfere in southeast Oklahoma and north Texas elipse viewing
Hate to ruin your plans if you intend on driving to southeast Oklahoma or north Texas on Monday for the rare solar eclipse. But there’s a strong chance clouds will interfere in your viewing prospects. Stormy weather is in the Monday forecast for those two regions of the country. Thunderstorms are in the forecast …
Entergy Arkansas to lower electric bills by average of $10 per month for the next year
The 730,000 customers of Entergy Arkansas will see a drop in their utility bills as the utility intends to cut electricity rates in May. The company, in its recent announcement, said average residential customers will see a drop of about $10 a month. Entergy Arkansas is the state’s largest utility and explained the reduction …
2Q earnings report to be released by Helmerich and Payne with expectations of more rig activity
Following a first quarter gain in net income, Tulsa’s Helmerich & Payne prepares the release of its second quarter 2024 earnings report later this month. A conference call will be held Thursday, April 25 at 10 a.m. and feature President and CEO John Lindsay, Senior Vice President and CFO Mark Smith and Vice President …
Drummond’s fight against Biden’s oil and gas war leads to win in federal court
In one of Oklahoma Attorney General Gentner Drummond’s efforts to push back against the Biden Administration’s ceaseless attacks on the oil and gas industry, a federal judge on Monday blocked a highway emissions rule that sought to drive gas-powered cars off the road. “Oklahomans cannot afford the high cost of the Biden Administration’s war …
New COO named at SandRidge Energy
SandRidge Energy just named a new Chief Operating Officer. The Oklahoma City company’s board of directors named Dean Parrish, Senior Vice President of Operations to become the fir’s Senior Vice President and Chief Operating Officer. SandRidge President Grayson Pranin said Parrish’s compensation will be determined at a later time. Pranin had held the …
Energy quick reads
** Exxon’s upstream division will take a hit of as much as $1 billion from lower oil and gas prices, the Spring, Texas-based company said in a filing Wednesday. Additionally, earnings will fall by as much as $1.3 billion due to “timing effects,” which include unsettled derivatives from trading. ** Vice President Kamala Harris and Environmental Protection …
Five-month high reported in crude oil prices
The turmoil in the Middle East and the fighting between Ukrainian forces with Russia led to increased crude oil prices on Wednesday as they settled at their highest since late October. Reuters reported that while investors were concerned about supply disruptions, an increase in US crude stocks eased some of the worries. West Texas Intermediate …
Surprise increase in US crude stocks while Cushing Hub reported drop
Another unexpected buildup in the nation’s crude stocks was reported this week by the U.S. Energy Information Administration. At the same time, the amount of crude oil stored at Oklahoma’s massive Cushing Hub declined. The EIA reported a 3.2 million barrels increase across the U.S. as stocks rose from 448.2 million barrels on March …
Texas lawsuits allowed to move to trial over 2021 Winter Storm Uri
Yes, the impact of the 2021 Winter Storm Uri is still with Oklahoma, Texas and Kansas. So are the legal matters. In Oklahoma, Attorney General Gentner Drummond’s investigation into alleged market manipulation of natural gas prices remains underway with no public offering of the latest developments. In Kansas, Attorney General Kris Kobach’s lawsuit against …