Railroad tracks run by the BNSF railway in Oklahoma could be among the 13,000 miles of track the company plans to improve in a $3.3 billion project in 2018. The company has a total of 32,500 miles of tracks in Oklahoma and 27 other states as well as three provinces in Canada. The Fort Worth-based …
February 2018 archive
Rig Counts Remain Steady in Oklahoma
New figures on the oil and gas drilling rig counts show Oklahoma maintained its count of 117 in the past week while the national count dropped by one to hit 946. Reports from Baker Hughes and the Independent Oil and Gas Association indicated the rig activity in the past week. Baker Hughes reported an increase …
New Study Says Depth of Wastewater Injection Wells is Critical to Causing Oklahoma’s Earthquakes
Yet another scientific study of Oklahoma’s earthquakes and their connection to the energy industry claims it’s the depth of wastewater injection wells that is critical to reducing the number of the seismic events. The journal Science reported this week that a “major” study by the University of Bristol and involving the University of Southampton, Delft …
Asset Sale Announced by Samson Oil and Gas Falls Apart
So much for the $41.5 million assets sale announced just a few weeks ago by Samson Oil and Gas Limited. The Australian-based company with much of its U.S. focus in Colorado, Wyoming, Montana and North Dakota announced the prospective buyer couldn’t get the financing. The deal with Firehawk Oil and Gas LLC of Denver was …
Frack Sand Operations Expanding in Permian Basin
In the Permian Basin of West Texas, getting frack sand can be a challenge these days. That’s why more mining operations are under construction. Atlas Sand Company of Austin says it has obtained financing to complete two fracking sand plants. Atlas joined BlackGold Capital Management to get a $150 million credit line to pay for …
Hamm on the Bakken—-“Its Demise Was Overexaggerated”
As the founder of Oklahoma City-based Continental Resources, CEO Harold Hamm has had a long working relationship with North Dakota. After all, he was one of the early explorers to bring his horizontal-drilling technology to the state, turning the Bakken shale play into what it is today. And he’s defending its production even after some …
More PSO Workers Arrive in Puerto Rico
More Public Service Company of Oklahoma employees were sent to Puerto Rico this week to help restore electrical power to the island months after Hurricane Maria devastated the place. A dozen workers flew out of Tulsa and are part of a group of nearly 70 frontline PSO employees and sister companies across the AEP system …
PSO Wins Rate Hike from Corporation Commission
Public Service Company of Oklahoma won approval this week from the Oklahoma Corporation Commission to increase its base rate by tens of millions of dollars to customers. It’s still unclear how much of an increase it will mean for those customers. PSO originally filed a $156 million rate hike request last year, stating it needed …
Sierra Club Charges Pruitt is Ignoring Success of Wind Industry in Oklahoma
News released this week that Oklahoma now is ranked second nationally when it comes to wind-powered electricity prompted Sierra Club leaders to offer criticism of EPA Administrator Scott Pruitt. And to blast the oil and gas industry. In an email statement, Johnson Bridgwater, President of the Oklahoma Chapter of the Club said, “Despite wind energy’s …
Old Tire Collections Result in Environmental Award for Norman
An emphasis on the collection of old tires has led to the City of Norman being honored by the Oklahoma Department of Environmental Quality and Keep Oklahoma Beautiful as a “Clean Community.” As reported by the Norman Transcript, the two agencies made the decision based on Norman’s involvement in tire collection events. Norman got the …