The hottest oil play in the U.S.—-the Permian Basin in West Texas and southeast New Mexico is facing a shortage. Oil and gas companies can’t find enough truck drivers who haul off the giant finds of oil. Some say another 3,000 drivers are needed to combine with the 3,000 already there according to a report …
While TransCanada is debating whether to call off the controversial Keystone XL pipeline or proceed with it, opponents are growing in their organized efforts. Bold Nebraska is one such group. Founded in 2010, it now says TransCanada faces three years or more of court challenges to the recent ruling by the Nebraska Public Service Commission …
The recent decision by the Nebraska Public Service Commission to turn aside a request by the developer of the proposed Keystone XL pipeline leaves the issue in limbo…..and perhaps the pipeline too. TransCanada now says it wants to reconsider whether it might proceed with the $8 billion project or cancel it, according to a report …
The nation and Oklahoma saw little slack in oil and gas exploration during Christmas as the nation’s rig count grew by one to reach 931 while Oklahoma dropped by one to 120. Figures from Baker Hughes Co. and the Red Top Rig Report in Kansas indicated the national count showed the number of oil rigs …
The amount of oil flowing out of the Permian Basin in West Texas is so great, the gross domestic product of Texas has loomed to $1.6 trillion. Job growth has expanded in Texas and if the state were an independent country, the economy would settle in around tenth place, according to the New Yorker magazine …
The city of Sapulpa is getting a $1.5 million grant from the federal government to improve its water system. U.S. Secretary of Commerce Wilbur Ross said the Department’s Economic Development Administration awarded the money to make critical water infrastructure improvements needed to support business development and expansion in the region. In making the announcement, the …
Tulsa’s NGL Energy Partners LLP announced Tuesday it has wrapped up the $300 million sale of its 50% interest in the Glass Mountain Pipeline LLC. SemGroup Corporation and NGL had been in partnership in ownership of the 215-mile intrastate line. The purchase was made by a fund managed by BlackRock Real Assets in partnership …
Another slight dip in Oklahoma’s unemployment rate has been reported by the state, showing the November rate dropped to 4.2 percent. All the while, the number of jobs in oil and gas in the state grew by 900 from October to November. The Oklahoma Employment Security Commission reported the seasonally adjusted unemployment rate fell 0.2 …
They’re still probably celebrating the early Christmas present given Houston-based Plains and Eastern Clean Line by a federal judge in Arkansas. It’s a ruling on a proposed line carrying wind powered electricity from western Oklahoma to Tennessee. At the same time, the Plains and Eastern Clean Line Oklahoma LLC has been purchased by NextEra Energy …
WPX Energy based in Tulsa announced it has completed the $169 million divestiture of its legacy natural gas position in the San Juan Basin of New Mexico and Colorado. The sale includes the company’s operated and non-operated properties but it does not include WPX’s oil operations in the basin’s Gallup play. The Tulsa company …
