Business operations can be costly, especially in the volatile energy sector where costs continue to mount and the price of crude oil rapidly drops. This development creates opportunities to maximize capital efficiency by merging operations with competitors. In the Texas Permian Basin, Marathon Petroleum has entered preliminary discussions with Exxon Mobil and Plains All American …
December 2018 archive
America’s Coal Consumption Reaches Lowest Levels Since 1970s
A new federal government report reveals U.S. coal consumption has dropped to its lowest level since the Jimmy Carter Administration. The report from the U.S. Energy Information Administration showed the United States is estimated to burn through 691 million short tons of coal this year, falling to its lowest level since 1979, a 39 percent …
Ports of Catoosa and Muskogee Will Benefit from Inhofe Provisions in Coast Guard Reauthorization Bill
Oklahoma Senator Jim Inhofe praised President Trump on Tuesday for signing S. 140, which reauthorizes the Coast Guard for 2018 and 2019. Inhofe authored Section 819 of S. 140, which directs the U.S. Coast Guard to create a plan to replace aging inland waterways and river tender vessels, which are responsible for maintaining the navigation …
$105 Million Highway Construction Project Awarded by Oklahoma Transportation Commission to Allen Consulting
Allen Contracting Inc. of Oklahoma City was awarded a $105 million contract on Monday by the Oklahoma Transportation Commission, according to a news report published in The Oklahoman. Work will commence next spring with an estimated completion in 2021. The contract is the largest single award issued by the Oklahoma Department of Transportation. The construction …
Snow in the Weekend Forecast for Oklahoma
With reports of light snow flurries and sleet falling in Norman on Tuesday afternoon, Oklahomans are bracing for a frigid weekend as another cold front is expected to move into the state on Thursday. News9 Meteorologist David Payne reports that a few showers may arrive with the arctic air. The rain will subside on Friday …
Flywheel Energy Completes Southwestern Energy Company’s Fayetteville Shale Business Acquisition
Oklahoma City-based Flywheel Energy, LLC has completed its acquisition of Southwestern Energy Company’s Fayetteville shale business for $1.865 billion, according to a company press release issued on Tuesday. Backed by the Kayne Private Energy Income Funds platform, the independent oil and natural gas company acquired assets including 716 mmcf/d of net production from 4,033 producing …
Oklahoma Drivers Reaping Benefits of Near Record Low Gas Prices
Gasoline prices in Oklahoma have fallen nine cents in the past week, averaging $2.11 per gallon on Monday, according to GasBuddy’s daily survey of 2,294 stations in Oklahoma. This compares with the national average from last week that revealed a drop of ten cents to $2.43 per gallon. Average gasoline prices in Oklahoma on December …
NRC Proposes $3,500 Fine for Missing Radioactive Seeds
The Nuclear Regulatory Commission has proposed a $3,500 civil penalty to a Delaware medical firm for failing to properly secure licensed nuclear material, according to a report issued on Tuesday. In May, a physicist for Christiana Care Health Services discovered that 50 iodine-125 seeds were missing from a lab at the firm’s offices in Newark, …
Anadarko Petroleum Will Conduct Seismic Testing in Loveland, Colorado
Houston-based Anadarko Petroleum Corporation plans to place seismic sensors to search for oil and gas deposits underneath the east side of Loveland, Colorado, according to a report by The Loveland Herald. Anadarko trucks will vibrate the ground. The vibrations recorded by the seismic sensors will help to create maps of the underlying geology. The work …
ODOT and DEQ Roll Out ChargeOK Grant Program to Add Electric Vehicle Charging Stations
The Oklahoma Department of Environmental Quality, Oklahoma Secretary of Energy and Environment and the Oklahoma Department of Transportation recently announced a new funding program aimed at building out Oklahoma’s light-duty electric vehicle (EV) charging stations. Funded by the Volkswagen State Environmental Trust, the ChargeOK Grant Program will offer nearly $3.1 million for the purchase, installation …