Two Oklahoma energy companies made filings with the Securities and Exchange Commission showing who some of their shareholders are. A filing by Tulsa-based Vital Energy also revealed BlackRock Inc., the firm banned from doing business with state agencies under the Oklahoma Energy Discrimination Elimination Act, is actually doing business with oil and gas. BlackRock …
ONG begins a renewable natural gas program for customers
Oklahoma Natural Gas launched a new gas program this week, one offering renewable natural gas to those customers who want to use it. The RNG program allows customers to buy the renewable natural gas starting at around $3, according to an announcement by ONG. “Renewable natural gas is an innovation that is ready today, yielding …
What happens in Oklahoma’s oil patch affects the State Treasury
What’s happening to the oil and gas industry in Oklahoma has had a natural impact on Oklahoma’s revenue….it’s falling. Witness the latest monthly report from State Treasurer Todd Russ who reported declining revenues from oil and gas production pushed down gross receipts. For the last 12 months, they totaled $17.05 billion, but were down …
Drumright firm prepares to ship massive project
Drumright’s T&D Fabrication recently finished a two-year project of building a a water treatment plant column that is as big as a rocket. The 189-foot-long absorber column will be shipped to Springfield, Illinois. It was also the largest project the company ever completed, according to News on 6. Known as an “oil and gas …
Quick reads
** The world needs to phase out some fossil fuels — while employing carbon capture technology — to reach net zero climate targets by mid-century, US climate envoy John Kerry said, even as negotiators haggled over the best approach. ** Exxon Mobil Corp. plans to raise share buybacks 14% as the oil giant accelerates crude production in …
Pipeline company donates to Canadian County first responders
Fire departments and emergency management operations in three Oklahoma counties recently received $25,500 in donations from Midship Pipeline, the natural gas operation that extends from near Kingfisher south to near Durant. The company, owned in part by Cheniere Energy, gave contributions of $8,500 each to fire departments in Calumet and El Reno and another …
Houses approves measure to kill EPA’s mandated EV sales
Oklahoma’s delegation in the U.S. House was part of the overwhelming vote Wednesday night to stop the Biden administration’s implementation of an EPA rule to require the manufacture of electric vehicles beginning in 2027. The Choice in Automobile Retail Sales Act of 2023 or H.R. 4468 was approved on a 221-197 vote with all …
Dividend declared by OGE Energy Corp.
Another dividend was declared Wednesday by OGE Energy Corp., parent company of Oklahoma Gas and Electric Company. The first quarter dividend will amount to $0.4182 per commonshare of stock. Payment will be made on Jan. 26, 2024 and only to shareholders of record as of Jan. 8, 2024. According to investment analyst Koyfin, OGE …
Worries of oversupply sent crude oil prices down again
Crude oil prices took another drop on Wednesday as the U.S. benchmark fell below $70 a barrel, reaching the lowest level since June. The slide was apparently caused by growing concern that the market is oversupplied. West Texas Intermediate crude slid $2.94 or 4.1% a barrel, coming to rest at $69.38 per barrel on the …
OKC AI company forms partnership with Texas oil and gas lab firm
An Oklahoma City artificial intelligence firm has announced a strategic partnership with a Texas based company specializing as a rock and fluids labratory for the petroleum industry. Senslytics, an Oklahoma City startup founded in 2015 by Rabindra Chakraborty, and GeoMark Research of Houston, a Geochemical and PVT data and analylsis, formed a partnership aimed …