Category: Oil & Gas

Colorado Senate approved controversial appointees to Oil and Gas Commission

  Republicans in the Colorado State Senate fought the appointments of Gov. Jared Polis to the Colorado Oil and Gas Conservation Commission but in the end, their arguments over the lack of appointees from rural areas of the state fell by the wayside. The Colorado Senate approved the panel of so-called experts who will make …

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$2 billion carbon capture project started in Iowa

  An Iowa company launched a huge $2 billion effort to capture carbon dioxide from 17 Midwestern ethanol plants and pipe it to North Dakota for storage deep underground. Summit Carbon Solutions is behind the effort which could be operational by 2024.It would require a pipeline to be constructed from Iowa to North Dakota. It …

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Winter storm results in gasoline trucked into Texas

  When Love’s Travel Stops and Country Stores Inc. started trucking in gasoline to its 75 locations in Texas, it was part of a first in Texas in decades and revealed just how badly the state was harmed by the recent winter storm. It meant Texas was being forced to truck in gasoline from other …

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Devon-WPX merger—who’s leaving? who’s staying?

  Reports indicate that 150 WPX Energy workers in Tulsa will move to Oklahoma City to become employees of Devon Energy following its recently-completed acquisition of WPX. The Tulsa World reported that 250 other workers will either retire or leave the company this year. More than half of the 250 did not want to relocate …

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Fall in crude oil prices blamed on less demand by China

  What caused the latest slip in crude oil prices in the U.S. and Europe? Reports suggest it is growing fears that the crude oil consumption by China is slowing and that OPEC might increase its global supply after meeting this week. As OK Energy Today reported earlier, Brent crude fell 1.1% on a 73 …

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Enbridge completes $132 million purchase of Blueknight’s terminals

  Tulsa’s Blueknight Energy Partners, L.P. announced it wrapped up its $132 million sale of its crude oil terminalling segment to Enbridge, Inc. With the completion, Blueknight has exited its crude oil business turning it into a pure-play terminalling company focused on infrastructure and transportation end-markets. “Exiting our crude oil businesses has been a top …

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ONE Gas took out loan to pay for historic February gas purchases

  As ONE Gas leaders take part in another conference seeking new investors, they say the company suffered $2.2 billion estimated costs of natural gas purchases for the month of February 2021, mostly due to the winter storm and borrowed money to pay for it. Leadership will take part Tuesday in the BofA Securities Power, …

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Oil prices continue their downward slide

  Monday marked another down day for crude oil futures, both in the U.S. and overseas while Oklahoma energy stocks moved up in trading. West Texas Intermediate crude for April delivery dropped 86 cents to $60.64 a barrel in trading on the New York Mercantile Exchange. Global benchmark Brent crude for May delivery fell 73 …

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Oklahoma regulators mull over increased gas production rates

  Oklahoma regulators delayed a decision Monday whether to increase the state’s long-term allowable natural gas production proration rate but will meet Tuesday to consider extending the emergency rate of 100% approved during the winter storm. Oklahoma Corporation Commissioners listened to testimony by a Commission specialist who had recommended increasing the national gas production rate …

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Mullin in The Hill: The cold truth on energy

“I firmly believe it is not the governments job to pick winners and losers in our fuel mix”—Rep. Markwayne Mullin Oklahoma Congressman Markwayne Mullin went after the “radical left” and “overregulation” in a recent op-ed piece for The Hill in which he defended the fossil fuel industry during the cold spell that killed dozens and …

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