After selling natural gas assets in the Anadarko Basin for $1.3 billion in August, ConocoPhillips prepares a release of its third quarter financial results. The early impact of the company’s effort to reduce debt could be seen as the company makes its release. The company will make the release before the opening of …
Rick Perry-Backed Amarillo Data Center Firm IPO
Fermi Targets $715 Million IPO in Amarillo Former U.S. Energy Secretary and Texas Governor Rick Perry is helping lead one of the biggest energy-tech offerings of the year. Perry, a co-founder of Fermi, announced the company’s $715 million initial public offering (IPO), with shares expected to price between $18 and $22 each. The Amarillo-based firm …
Dry warm weather to remain for a month before the first freeze hits Oklahoma
“…deliciously crisp mornings and very pleasant evenings,” is what Oklahoma Climatologist Gary McManus says we can expect for some time in Oklahoma. Writing in his most recent Mesonet update, he said much of the state can also expect dry air with “no rain.” “We’re on the downward slide towards Winter, so those cold air afficiona…officiana…lovers …
Continental Resources makes sale of some Anadarko Basin holdings to TotalEnergies
Another big sale of Anadarko Basin assets has been made, this time by Oklahoma City-based Continental Resources. The deal is with French-based TotalEnergies in which it will acquire a 49% interest in natural gas producing assets, owned and operated by Continental Resources Basin. But neither firm offered any acquisition price. This acquisition of …
ICE took 130 commercial truckers off Oklahoma highways with help from state regulators
The Oklahoma Corporation Commission invited ICE agents to help with trucking enforcement and as a result 130 commercial drivers were taken off the interstates and highways in the past week. Agents of the U.S, Immigration and Customs Enforcement were welcomed to share space at the Beckham County Port of Entry last week in …
Oklahoma Rig Count Holds Steady
Oklahoma Rig Count Holds Steady Oklahoma’s oil and gas rig count was unchanged this week, according to the latest Baker Hughes Rig Count. The state continues to record 42 active rigs in operation. The Cana Woodford play remains the busiest area of drilling in the state, reporting 18 active rigs. The Granite Wash, which extends …
Energy Secretary focuses on run to be Oklahoma’s next Attorney General
Oklahoma Energy Secretary Jeff Starling announced his candidacy a few months ago for State Attorney General. He wants to succeed Attorney General Gentner Drummond who is making a full-force run to become Governor. Drummond, a Republican, has been an outspoken critic of green energy plans that were emphasized by the Biden administration. He …
Empire Petroleum Issues $4M Promissory Note
Empire Petroleum Secures $4 Million Financing Deal Empire Petroleum Corporation has entered into a new $4 million promissory note agreement with investor Phil E. Mulacek, according to the company’s latest SEC filing. The financing is aimed at supporting the company’s oil and gas drilling program and boosting working capital. Details of the Promissory Note from …
Lawmakers Take Up Wind and Solar Setbacks
Lawmakers Take Up Wind and Solar Setbacks Wind farm and solar farm setbacks, a hot topic during Oklahoma’s last legislative session, will take center stage Monday at the state Capitol. Lawmakers will hold a joint interim study to review concerns about health, safety, land use, and the broader impacts of renewable energy development. Reps. Nick …
Nation’s oil and gas rig activity makes major jump
While the number of oil and gas rigs in Oklahoma held steady over the past week, the U.S. total jumped upward by 7 rigs, reaching a total of 549. The Baker Hughes Rig Count, released Friday, reported Oklahoma was unchanged this week with 42 active rigs. Nationally, the gain of 7 rigs included …
