Oil prices recovered slightly in Tuesday’s trading as West Texas Intermediate rose 50 cents and settled for the day at $63.51 per barrel on May futures. Brent crude in London’s ICE Futures Europe Exchange settled 48 cents higher at $68.12 per barrel on June futures. Natural gas on the New York Mercantile Exchange was up …
Another fatal oil well drilling rig accident is under investigation in Oklahoma. The Caddo County sheriff’s office was notified of the incident Tuesday afternoon. A worker reported fell to his death from a rig located near the town of Cement. The rig is located at County Street 2740 and County Road 1450. The sheriff’s office …
Oklahoma Treasurer Ken Miller announced Tuesday that March gross receipts for the state grew 7.4 percent compared to a year ago marking 12 straight months of an increase in revenues. Tax revenue on oil and gas played a role in the growth. Miller indicated gross production taxes on oil and natural gas brought in $72.8 …
One Washington D-C news group maintains the White House is closer than ever to perhaps firing Scott Pruitt as head of the Environmental Protection Agency. Politico says it’s learned White House chief of staff John Kelly had considered dumping the former Oklahoma Attorney General over Pruitt’s travel expenses. But Kelly wants to be sure and …
Operations of Panhandle Eastern Pipeline Company in Oklahoma weren’t affected but a cyber attack is blamed for causing problems with the electronic communication system owned by Energy Transfer Partners LP and its major U.S. pipeline network. The network includes Panhandle Eastern along with Transwestern Pipeline Co. and Rover Pipeline LLC. The attack happened Monday morning …
Scott Pruitt’s latest ethics issue over renting a Washington D-C condo from an energy lobbyist didn’t stop him this week from announcing a change in the nation’s fuel emissions standards. In doing so, he also took a swipe at the Obama administration and its EPA. “The Obama Administration’s determination was wrong,” said Pruitt about the …
The Oklahoma Chapter of the Sierra Club is critical of some anti-wind bills floating through the legislature. “This legislative session has been a doozy,” said Chapter Director Johnson Bridgwater in an email alert to followers. “While many attacks against the wind industry have been defeated, there are still a few bad bills making their way …
ConocoPhillips says it closed or entered definitive agreements for nearly $250 million in proceeds from the sale of non-core assets in the first quarter of 2018. In an update on disposition activities, the Houston company with major operations in Bartlesville said several small packages were also closed during the quarter in the Permian Basin. Another …
A more than $1 billion deal has been finalized between Dallas-based Energy Transfer Equity and Energy Transfer Partners L.P. and USA Compression Partners LP of Austin, Texas. USAC is known as one of the nation’s largest independent providers of compression services and paid $1.232 billion in cash for Energy Transfer’s CDM compression business. The final …
An investigation is underway after an explosion and fire injured two workers on a pulling unit over a well site near Wewoka on Monday. The fire burned much of the rig and the two workers were rushed to local hospitals. One was medi-flighted, according to the Seminole County sheriff’s office. The unit was at a …
