Oklahoma Attorney General Gentner Drummond might have new fuel to support any legal action his office takes for the natural gas market manipulation he alleges occurred during the 2021 Winter Storm Uri—the one where gas prices soared by more than 1,000%. Kansas Attorney General Kris Kobach, the AG who’s led the movement to hold …
$100 million expansion announced by Dessault Falcon Jet in Little Rock
(Gov. Sarah Huckabee Sanders speaks at a news conference on Tuesday, Dec. 12, announcing the expansion of the Dassault Falcon Jet facility in Little Rock. (Arkansas Democrat-Gazette/Thomas Metthe) A $100 million expansion of the Dassault Falcon Jet plant in Little Rock, Arkansas was announced this week, a move that will increase the employment by …
Unit Corporation completes $50 million sale of Texas Panhandle assets
Unit Corporation’s $50 million sale of some of its assets located in the Texas Panhandle was completed this week. The Tulsa Company said the December 13th completion involved what it described as “certain non-ccore oil and gas” assets and the sale was subject to the customary post-closing adjustments. The Divested Assets consist of approximately …
Top oil counties in Texas produce 16 to 17 million barrels of oil a month
A breakdown of oil production data from the Texas Railroad Commission shows the top oil-producing counties in the state and they’re in the Permian Basin. Martin County is number one with nearly 17 million barrels of crude oil produced in the month of September. Midland County had production of more than 16-million barrels while …
How Williams Cos. founder developed Tallgrass Prairie Preserve
The snorts, grunts, huffs and chuffs of bison roaming the Joseph H. Williams Tallgrass Prairie Preserve are music to the ears of wildlife conservationists celebrating 30 years of success reintroducing the great beasts to the Oklahoma prairie. “The preserve has a unique soundscape,” said historian and author James Ronda. “I’ve heard the wind rustle …
Silver Point Capital finalizes $50 million sale of Gulfport Energy shares
The decision by one of Gulfport Energy’s investors to sell more than half-a-million shares in the company was finalized with a sale locked in at $50,515,500. A regulatory filing showed the sale by Silver Point Capital L.P. involved 550,000 shares that were sold at a value of $128.21 each. Gulfport Energy Corporation announced earlier …
Energy quick reads
** Alaska’s looming natural gas shortage is getting increased attention this week along with more talk about negative impacts that might occur as gas supply falls in the coming years. On Tuesday, Anchorage Mayor Dave Bronson announced that he formed a coalition of Southcentral Alaska mayors to study solutions to the potential shortage. ** Ovintiv’s Board of …
Crude prices gain as oil stocks fall—OK energy stocks record big increases
Not only did crude oil prices gain about 1% in Wednesday’s trading, it turned out to be a big day for Oklahoma energy stocks as some had gains of 6% and 8% with a handful more making 4% increases. Oil prices rose from a five-month low following a bigger-than-expecced weekly removal from U.S. crude storage, …
Cushing Hub sees increased crude oil stocks while nation’s total falls
While the nation’s crude oil stocks declined in the past week, the amount of crude oil held in storage at Oklahoma’s Cushing Hub increased. The U.S. Energy Information Administration reported the nation’s oil stocks fell 4.2 million barrels, from 445 million barrels on December first to 440.8 million barrels as of December 8. The …
Williams Cos. leader defends natural gas at COP28 stage in Dubai
Natural gas will continue to play a critical role in reducing emissions by replacing coal for power generation while reliably backing up renewable energy sources, said Williams President and CEO Alan Armstrong at COP28, the United Nation’s climate meeting in Dubai. Last year, countries around the globe burned more coal to generate electricity than any other time …