Crude oil prices shot up nearly 6% Monday after the U.S. announced “Project Freedom” and started escorting cargo ships through the Strait of Hormuz, only to be met with resistance from Iran. U.S. helicopters blew six small armed Iranian boats out of the water after the gun boats attacked six ships while Iran used drones …
Data center recall fails
The Sand Springs city council has survived a recall effort launched after the members approved a controversial data center that was opposed by a large number of residents. The Sand Springs city clerk recently determined the group organized in opposition to the data center had not collected enough required numbers of signatures. As the …
Earnings from Devon
Devon Energy releases its first quarter earnings report Tuesday and it will be the first such information nearly three months after the Oklahoma City firm announced its $58 billion merger with Coterra Energy. Details of the progress of its moving of its headquarters to Houston, Texas might also be revealed by executives when they …
PSO’s power struggles
If Wednesday’s meeting of the Oklahoma Corporation Commission is anything like the PSO hearing held last week, it will be a lengthy session with plenty of attorneys on hand and lots of debate. Commissioners will meet at 8:30 in the morning to begin their renewal of handling a request by Public Service Company of …
Solar plant mystery
Two years after New Mexico Gov. Michelle Lujan Grisham boasted how a new $942 million Ebon solar manufacturing plant would turn her state into a global center for advanced energy manufacturing, the boast is gone. There’s a strong suggestion the company’s ties to Red China might have resulted in the U.S. stopping the project. Ebon …
PSO names new executive
From the aviation industry to one of Oklahoma’s largest public utilities. Ian Myers was named this week to be Vice President of Finance at Public Service Company of Oklahoma. The appointment was effective May 4. In this role, Myers will lead PSO’s finance organization, overseeing financial planning and analysis, reporting, forecasting, and long-term financial strategy …
Constant rig activity in Oklahoma
Oklahoma’s oil and gas plays saw no change in the number of rigs breaking the horizon over the past week, according to the most recent Baker Hughes Rig Count. The Cana Woodford continued with the highest number of rigs at 20 and it was followed closely by the Granite Wash play with 17 rigs. Minimal …
Energy briefs
US launches Project Freedom *** Iran’s futile attempt to resist U.S. ships from escorting cargo ships through the Strait of Hormuz saw U.S. helicopters blast six small armed Iranian gunboats out of the water as they attacked some of the ships stranded by the fighting. ** Iran also responded with drones and missiles at some …
Brazen oil thieves
The remoteness and what some describe as desolate region that makes up the Permian Basin in New Mexico and Texas are also what makes it attractive to thieves. Those who steal millions of dollars in oil every year. We recently reported on how 14 individuals were arrested in recent weeks for running an oil-theft …
Law protects oil and gas firms
Oklahoma will soon have a new state law designed to protect oil and gas companies from climate change lawsuits. Gov. Kevin Stitt signed Senate Bill 1439 into law a few weeks ago, one of 33 measures he signed. Called the Energy Security and Independence Act, it was authored by Sen. Julie Daniels, R-Bartlesville and Rep. …