Gasoline prices shot up across the country as Hurricane Harvey struck Texas, according to a weekly release by AAA Oklahoma. Nationally, the average of $2.37 a gallon is up seven cents from one month ago and 16 cents higher than a year ago. “No doubt, Harvey has impacted operations and access to refineries in the …
August 28, 2017 archive
Oklahoma Sends Emergency Response Teams to Aid in Texas Water Rescue Operations
Governor Mary Fallin and the Oklahoma Department of Emergency Management (OEM) announced Monday that Oklahoma is sending swift water rescue teams to Texas to assist with storm response efforts, according to an official press release issued by the Governor’s office. Fourteen swift water rescue and Urban Search and Rescue (USAR) teams and one management team …
WTI and Brent Crude Sink Lower on Monday
Oil futures plunged on Monday as traders expected a buildup in crude supplies resulting from the refinery shutdowns in the Gulf of Mexico region due to Hurricane Harvey, according to Bloomberg MarketWatch. October West Texas Intermediate crude fell $1.30, or 2.7%, to settle at $46.57 a barrel on the New York Mercantile Exchange. October Brent crude dropped …
Permits to Drill August 29, 2017
Canadian County STEJSKAL 36-25-12-6 #2HX, August 28 2017 36 12N 6W SWSWSWSE API: 01725059 Lat: 35.46506538797984, Long: -97.78557286359488 JONES ENERGY LLC HH, DR, 18675 ft, MISSISSIPPIAN(8579), WOODFORD(8815) Canadian County FRITZ #1409 1H-12, August 28 2017 12 14N 9W NENENWNE API: 01725057 Lat: 35.71022421296657, Long: -98.10509816704811 NEWFIELD EXPLORATION MID-CON INC HH, DR, 15018 ft, MISSISSIPPI SOLID(8460) Canadian …
New CFO Named at Williams Companies
A new Senior Vice President and Chief Financial Officer has been named at The Williams Companies, Inc. in Tulsa. John D. Chandler will take over his new duties Sept. 5, replacing Don Chappel who announced his planned retirement from Williams earlier in the year. Chandler had been the CFO of Magellan Midstream Partners, L.P. until …
Millions of Barrels of Oil Out of Production Due to Hurricane Harvey
The experts say millions of barrels of oil have been taken out of the U.S. energy market by Hurricane Harvey and consequently gasoline prices will rise, not a matter of ‘if’ they rise. S and P Global Platts says at least 2.2 million barrels a day of refining capacity has been lost since the storm …
Government Asks Judge to Approve Bankruptcy Deal with Coal Mining Company
The government’s asking a Missouri bankruptcy judge to sign off on a $43 million dollar settlement with Peabody Energy Corp., the company that filed bankruptcy a few years ago. The deal sought by the U.S. Justice Department focuses on environmental liabilities at 13 Superfund sites. Peabody came out of bankruptcy in April and agreed …
Environmental Groups Don’t Like Being Sued by Pipeline Developer
With the tables turned on them, environmental groups sued by the developer of the Dakota Access oil pipeline in North Dakota are calling the suit an attack on free speech. “Harassment by corporate bullies,” is how Greenpeace attorney Tom Wetterer described the lawsuit filed last week by Dallas-based Energy Transfer Partners. The suit was filed …
State Asks Supreme Court to Have Sierra Club Lawsuit Put on Hold
While the Oklahoma Supreme Court wrestles with a constitutional challenge to a tax on electric cars, a similar lawsuit filed by the Sierra Club could be on hold. The original challenge to HB 1449 was filed by former U.S. Attorney Gary Richardson, now a candidate for the GOP nomination for governor. Oral arguments were held …
Pruitt Sticks With Former Oklahoma Banker on His Staff Despite FDIC Problems
EPA Administrator Scott Pruitt can expect more questions and digging by national reporters over the man he named to head an EPA task force on Superfund sites. That’s because Albert C. “Kell” Kelly, former chairman and CEO of Tulsa-based SpiritBank has been fined $125,000 by the FDIC. Kelly was named in May to chair the …