The president of a Texas oil company warns of layoffs and a potential slowdown in drilling next year as OPEC+ producers flood the market and drive down prices. With the clock ticking as 2026 is weeks away, not all oil companies will be walking into the new year optimistic. “I think what [oil …
Tag: oil and gas
Retirees Say ESG Blacklist Threatens Financial Security
ESG Blacklist legal fight remains active at the Oklahoma Supreme Court More than a year after an Oklahoma County District Court judge enjoined the state from enforcement of its anti-ESG law and ordered State Treasurer Todd Russ to stop creating a ESG Blacklist, the case remains before the Oklahoma Supreme Court.However, legal friction continues building …
Natural gas rig numbers on the rise in the US
A weekly gas report from the Energy Information Administration shows the expansion of natural gas drilling efforts across the U.S. and reflects how interest has resulted in a growth in the number of gas-drilling rigs compared to those drilling for oil. Rig Count According to Baker Hughes, for the week ending Tuesday, October 28, …
Oil and gas rig numbers increased across the US
While the number of oil and gas rigs across Oklahoma was unchanged over the past week, the count grew to 548 across the U.S. The latest Baker Hughes Rig Count, released on Friday, showed a gain of 2 rigs for the national total. The number of oil rigs was unchanged at 414 while there …
Oklahoma Oil Wastewater Pollution Exposed
Oklahoma oil field wastewater, OCC oversight, and investigation In a bold headline, “Toxic wastewater from oil fields keeps pouring out of the ground. Oklahoma regulators failed to stop it,” reported the non-profit Oklahoma journalism group, The Frontier. The news group based its investigation on the claims of a retired petroleum engineer who worked for the …
Oklahoma AG Drummond Urges U.S. to Skip COP30 Summit
Attorneys General Oppose U.S. Delegation to Brazil Climate Conference Oklahoma Attorney General Gentner Drummond is among several Republican Attorneys General urging President Trump’s cabinet members to skip next month’s COP30 climate summit in Brazil. “Dear Secretaries Burgum and Wright and Administrator Zeldin,We write to urge you to put the safety, security, and economic interests of …
Oklahoma Lawmakers to Reexamine State Energy Needs
Utilities Committee Schedules Interim Hearing Still another look into Oklahoma’s energy needs will be taken by the Utilities Committee of the House of Representatives. The committee, under the leadership of Rep. Mike Dobrinski (R-Okarche), plans an interim study hearing into Oklahoma Energy Needs on Tuesday, November 4, beginning at 9:30 a.m. The hearing will be …
Oklahoma Faces Data Gaps as Interior Layoffs Threaten USGS
Layoffs at Interior Department Threaten Oklahoma Earthquake Monitoring Oklahoma’s ability to track and respond to earthquake activity could take a major hit as the U.S. Interior Department moves ahead with thousands of job cuts. Oklahoma’s Dependence on USGS Data For years, Oklahoma agencies—especially the Corporation Commission—have relied on the U.S. Geological Survey (USGS) for precise …
Energy Brief: Oklahoma Feels Effects of U.S. Energy Shifts
Federal Shutdown Hits U.S. Energy Operations Widespread furloughs are underway at the federal agency charged with overseeing the U.S. nuclear stockpile. It’s the latest fallout from the government shutdown, now in its 20th day with no end in sight. ** The Palisades nuclear plant in Michigan received fresh nuclear fuel on Monday in what the facility’s …
3Q earnings report coming from ONEOK
ONEOK Prepares for Q3 Earnings After Strong $841M Quarter Tulsa-based ONEOK Inc. plans to release its third-quarter earnings report on Tuesday, October 28, after markets close. The company’s management team will host a conference call the next morning, Wednesday, October 29 at 10 a.m. CST, to review results and discuss future expectations. The upcoming report …