It wasn’t too many years ago when then U.S. Rep. James Lankford was a strong advocate for the U.S. to move quickly during the Obama administration to allow the export of more LNG. It was 2013 to be precise and Lankford was critical of the Obama administration’s State Department for slow-walking or not even …
Crude oil and OK energy stocks finished down Friday on release of some American hostages
The release of two Americans held hostage by the Islamic terror group Hamas apparently eased worries of investors on Friday as crude oil prices dipped a little in trading. At the same time, Oklahoma energy stocks experienced declines. The release has some hoping the war might de-escalate and not engulfing the rest of the …
Other energy developments
** Navigator CO2 Ventures announced it will cancel its plans for a 1,300-mile (2,092-kilometer) pipeline across five Midwestern states that would have gathered carbon dioxide emissions from ethanol plants and buried the gas deep underground. The Heartland Greenway project would have carried planet-warming CO2 emissions from more than 20 plants across Illinois, Iowa, Minnesota, Nebraska and South …
Oklahoma’s rig activity is steady while slight gains are recorded nationwide
The number of oil and gas rigs active in Oklahoma remains steady at 37, according to the latest Rig Report from Baker Hughes Co. No growth was indicated and far from the 65 active rigs reported one year earlier. The state count compared to a slight growth of nationwide totals, which increased by 2 …
Earnings report coming soon from NGL Energy Partners
NGL Energy Partners, LP, the Tulsa company with a slightly different fiscal year calendar, plans the release of its second quarter earnings report in early November. Many other companies are releasing their third quarter earnings reports but this will be the second quarter report of the company’s 2024 fiscal year. NGL’s release will be …
Colorado town fights commercial solar project
Colorado, it seems, has this habit of openly preferring renewable energy sources and opposing oil and gas operations, yet no one wants the renewable sources to be located near them. The latest example is Norwood, a small town located northwest of Telluride in the southwest part of the state, where residents have taken an …
OKC asks for public help in rebranding Will Rogers World Airport image
The Oklahoma City Airport Trust is asking the public to weigh in on a rebranding effort for Will Rogers World Airport by taking an online survey. “Oklahoma City continues to grow, and Will Rogers World Airport is a dynamic part of the City’s infrastructure,” Director of Airports Jeff Mulder said. “The terminal expansion and …
Layoffs to hit GulfMark Energy operations in Oklahoma
The loss of a contract is leading to layoffs of nearly 30 workers at GulfMark Energy’s Oklahoma operations in Healdton, Chickasha and Hennessey. GulfMark notified the Oklahoma Office of Workforce Development that it intends to make the layoffs Nov. 10. The letter indicated 17 employees at the Healdton office along with 11 in Chickasha …
Mammoth Energy gets new financing
Mammoth Energy Services, Inc., announced that, on October 16, 2023, it entered into a new revolving credit facility agreement and a new term loan agreement, which refinanced, in full, Mammoth’s indebtedness outstanding under its previous revolving credit facility. The new five-year revolving credit facility with Fifth Third Bank, National Association (“Fifth Third”), provides for …
Officials in one Colorado County aren’t finished after creating oil and gas setbacks
Arapahoe County officials clarified their recent decision to create a setback of oil and gas drilling from reservoirs in the county near Denver, Colorado. Following almost four hours of public comment, the Arapahoe County Board of Commissioners Tuesday night voted 5-0 to approve several amendments to oil and gas facility regulations in the County’s …