Oil futures settled at a two-week low on Tuesday as traders await government supply reports, according to Bloomberg MarketWatch. October West Texas Intermediate crude slipped by 63 cents, or 1.3%, to settle at $46.35 a barrel on the New York Mercantile Exchange after tapping highs above $47. The settlement was the lowest since mid-August. On …
August 2016 archive
Permits to Drill August 31, 2016
Blaine County SEWELL #1H-1312X, August 30 2016 13 16N 12W SESESESW API: 01123645 Lat: 35.85633859894358, Long: -98.42909405425824 CIMAREX ENERGY CO HH, DR, 20778 ft, MISSISSIPPIAN(9500), WOODFORD(11105) Blaine County SEWELL #1H-1312X, August 30 2016 13 16N 12W SESESESW API: 01123645 Lat: 35.85633859894358, Long: -98.42909405425824 CIMAREX ENERGY CO HH, DR, 20778 ft, MISSISSIPPIAN(9500), WOODFORD(11105) Garfield County MALY …
California Tries to Stop Overseas Coal Shipments
Trying to thwart coal companies from exporting their product overseas, California Gov. Jerry Brown has signed legislation banning state transportation funding of new coal export terminals in his state. Environmentalists pushed the measure in the state legislature with hopes of blocking West coast shipments of coal to energy markets in Asia. They launched their drive …
Congressman Uses August Recess to Learn More About Oklahoma Energy Needs
Sporting a beard, Oklahoma congressman Markwayne Mullin spent part of his congressional August recess visiting with Oklahoma leaders about energy. As he indicated in a recent newsletter to constituents, the Democrat from the 2nd district met with a representative of BP and with members of a rural electric cooperative. “On Tuesday, I met with Kip …
Nation’s Largest Wind Farm Approved in Iowa
What is being called the nation’s largest wind energy project has been approved in Iowa by the state’s Utilities Board. The $3.6 billion wind turbine operation will generate up to 2,000 megawatts of electricity, according to its developer, Des Moines-based MidAmerican Energy. That’s enough to power nearly 800,000 typical homes. MidAmerican Energy says the project …
Northern Oklahoma Wind Farm Changes Ownership
Southern Company subsidiary Southern Power today announced the acquisition of the 147-megawatt (MW) Grant Plains wind facility in Oklahoma from Apex Clean Energy. “The acquisition of the Grant Plains wind facility is an important step in strategically growing our renewable energy portfolio,” said Southern Power President and CEO Buzz Miller. “This project aligns with our …
Anti Oil/Gas Drilling Drives Stalled in Colorado
Colorado voters won’t be casting ballots in November on an issue to curb oil and gas activity in the state after the secretary of State ruled two such measures failed to come up with enough valid signatures. In one case, the state found enough signatures had been submitted but not enough to compensate for ballots …
Chesapeake Offers Lawsuit Settlement with DFW Airport
Oklahoma City-based Chesapeake Energy is reported to have made a $9 million settlement offer with the Dallas/Fort Worth Airport over a lawsuit that accused the energy company of failing to drill more wells on airport property. The Fort Worth Star Telegram reports the airport is considering the offer in which Chesapeake would pay $8 million …
Mea Culpas from Duke University to Aubrey McClendon Family
From Duke University’s student newspaper, The Chronicle, comes word that the school has changed its mind about a $10 million claim against the estate of the late Aubrey McClendon of Oklahoma City. Here is how The Chronicle reported the story: The University has withdrawn its claim of $10 million against the estate of deceased donor …
Gasoline Prices Hit $2.11 a Gallon in Oklahoma
Gasoline prices have risen in the past week in Oklahoma, reaching a new average of $2.11 a gallon, an increase of 5 cents, according to AAA Oklahoma. It appears the new average will close August nearly 20 cents more than the start of the month. “A number of factors have been driving prices higher for …