Billionaire Harold Hamm and his family have made an offer to take the company private and buy all of the outstanding common shares of Continental Resources Inc., the company he founded in the late 1960s. It’s part of his move to buy back millions of dollars in shares in the company. He bought $11 …
Kansas City leaders hope to build massive solar farm near KCI Airport
Kansas City leaders have finished a feasibility study to build a large-scale solar project at the city’s airport and plan to seek proposals from developers to build the project. The Missouri Independent reports the project is likely to be constructed on thousands of acres near Kansas City International Airport. Click here for Missouri Independent
New player in Permian Basin
The $1.9 billion merger between two Permian Basin oil and companies resulted in a new company with a new name–Sitio. The newly-merged firm owns more than 100,000 acres in the prime oil producing area of West Texas and southeast New Mexico. Created with the merger of Desert Peak Minerals and Falcon Minerals, the company …
More energy headlines
** A weekend heat wave across Texas causes power demand to spike at 75 GW, a new record for the state grid, which appeared to hold steady without major disruptions. ** A new $90 million, natural gas-powered peaker plant comes online in South Dakota. ** Ohio Gov. Mike DeWine asks the U.S. EPA to permanently remove restrictions on the year-round sale of 15% …
High gasoline prices aren’t going away in Oklahoma
Whether the increased price of gasoline has left you angry, indifferent or frustrated, one thing is clear in Oklahoma…prices are climbing higher and there’s nothing drivers can do about it. The average price of gasoline in Oklahoma hit $4.64 on Monday while the national trend was at $5.01 a gallon according to the American …
New crude oil pipeline approved in North Dakota
Oklahoma oil and gas producers who are active in North Dakota might soon have a new pipeline to move their product across the state. The North Dakota Public Service Commission recently approved construction of an 81-mile long pipeline in McKenzie and Golden Valley Counties. Approval was given to Bridger Pipeline reported Prairie Public Broadcasting. …
New Colorado law targets fracking
It’s law in Colorado now requiring makers and users of hydraulic fracking chemicals to reveal to the state each chemical in their products. Gov. Jared Polis signed legislation Thursday targeting fracking reported the Denver Gazette. Click here for Denver Gazette
Crude oil prices begin week with slight increase but OK energy stocks suffered
Oil futures held their own in Monday’s trading as investors and analysts think not even an economic slowdown will ease the continuing supply crunch. Oklahoma energy stocks suffered as some experienced losses as high as 17%. West Texas Intermediate crude for July delivery went up 26 cents and finished the day at $120.93 a …
Governors to testify about methane pollution
The governors of New Mexico and Wyoming will go before a House committee on Tuesday to testify about methane pollution from oil and gas production. The House Select Committee on the Climate Crisis will hear from New Mexico Gov. Michelle Lujan Grisham and from Wyoming Gov. Mark Gordon. The two will share perspectives on the …
GOP Reps say $5 gasoline was caused by Biden
When gasoline prices hit $5 a gallon over the weekend, it evoked some angry responses from House Republican Whip Steve Scalise and HEAT Co-Chairs Rep. Markwayne Mullin of Oklahoma and Rep. Jeff Duncan of South Carolina. They said the $5 gasoline was “directly caused by President Biden’s war on American energy.” “Meanwhile, instead of …
