March 7, 2020 archive

Energy news in brief

** Venezuela has swapped millions of barrels of crude for supplies of corn and water trucks under an oil-for-food deal struck with a Mexican firm, in an effort to secure imports amid tightening U.S. sanctions, according to the company and export schedules. ** Enbridge hires contractors to build a tunnel for the Line 5 pipeline in the Straits of …

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Dozens of BLM workers refuse to leave DC for Colorado

Rather than move from Washington, D.C. to the new western Colorado headquarters of the Bureau of Land Management, more than half of those scheduled for the move have quit the federal agency. At least 69 employees left the agency rather than accepting the new assignment and another 18 departed after the plans were announced before …

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Chaparral Energy faces possible removal from New York Stock Exchange

Oklahoma City’s Chaparral Energy has been warned of possible removal from trading at the New York Stock Exchange because of the falling value of company shares. The company was notified Feb. 28 of possible delisting after the average closing price of Chaparral stock had fallen below $1 a share over a period of 30 consecutive …

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Rep. Lucas supports modernizing NEPA rules

Congressman Frank Lucas (OK-03) signed a letter, joining 129 of his House Republican colleagues, supporting the Council on Environmental Quality’s (CEQ) efforts to modernize the National Environmental Policy Act (NEPA). “In our districts across the country, we constantly hear about the opportunities lost when projects are stalled by NEPA’s increasingly time consuming and unnecessary red …

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Earthquake prompts driller to stop completion work

A 3.4 magnitude earthquake forced Continental Resources to stop completion on a Grady County well in the past week. Corporation Commission officials were brought into the discussion as company leaders wondered whether to proceed or stop completion on the Galvin 3-22-15xhw well near the town of Alex. In the end, the company stopped completion activities …

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US rig count increases while Oklahoma numbers drop

The number of oil and gas rigs active in Oklahoma declined by two in the past week leaving only 46 rigs drilling for new energy. The Baker Hughes Co. reported the 46 compares to the 116 rigs reported one year ago. Nationally, the rig count increased by 3 to reach 793. The number of oil …

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