Crude oil prices haven’t been the only thing dropping in Oklahoma’s energy industry in the past several weeks. So has employment in the oil patch. The November employment report from the Oklahoma Employment Security Commission indicated the state’s unemployment rate improved slightly from 3.4% in October 2018 to 3.3% for November. It showed total employment …
Shawnee city leaders have agreed to seek a loan from the Oklahoma Water Resources Board to replace the city’s system with automated water meters. As the Shawnee News Star recently reported, the city commissioners unanimously voted to file a loan application. A representative of an engineering firm told commissioners the new meter system would be …
The governor Colorado issued a disaster emergency this week because of an expected shortage of propane. Gov. John Hickenlooper took the action because the shortage might affect 33,000 residents who live in 20 counties in southern Colorado. The Colorado Division of Homeland Security and Emergency Management issued the announcement. “These customers may not be able …
Earthquakes were reported in oil and gas drilling regions on Christmas Day in northern Oklahoma and West Texas. Oklahoma’s quake happened after 8 p.m. on Christmas Day with the epicenter located less than a mile from the community of Hayward which is about 22 miles southeast of Enid. It measured 2.5 magnitude and had a …
Four people were badly burned Christmas Day while allegedly trying to steal natural gas. Firefighters responded after screams of the burning victims were heard in a residential neighborhood near SW 27th street around 10 a.m. on Tuesday. Fire Battalion Chief Randy Cornelius said the four had used a garden hose to transport natural gas from …
Kansas City Southern, the railway that passes through eastern Oklahoma while servicing other southern states plans to release its fourth quarter 2018 financial results on Friday, Jan. 18, 2019. The results will be released before the opening of trading on the New York Stock Exchange. The firm will hold its fourth quarter conference call at …
Amtrak’s just announced a $744 million contract for new diesel-electric locomotives to be manufactured by Siemens Mobility. Siemens, the international company headquartered in Munich, Germany will build 75 locomotives to replace and supplement Amtrak’s aging national network diesel locomotive fleet which includes the Heartland Flyer in Oklahoma. Delivery of the new locomotives will begin in …
From a historical perspective, those U.S. crude oil futures that dropped below $43 a barrel this week did so for the first time since June of 2017. But on Wednesday, prices rebounded. WTI up 4.19 to close at $46.72 – change 9.85% Brent up 4.58 to close at $55.05 – change 9.07% Natural gas up 0.05 to close at 3.51 – change 1.30% Still, …
Canada’s Enbridge Inc. has wrapped up $3.5 billion in deals to consolidate its Houston, Texas based master limited partnership operations. As the Houston Business Journal reported, Enbridge concluded the acquisition of all shares of Enbridge Energy Partners LP and all of the outstanding public units of Enbridge Energy Management LLC. The deals were valued at …
A drop in commodity prices is blamed for Earthstone Energy backing out of its acquisition of Sabalo Energy LLC based in Corpus Christi, Texas. The purchase was announced in October but Earthstone Energy, Inc. executives in Houston said that due to the recent significant decline in commodity prices and the re lated adverse effect on …
