Northern Oklahoma was the site of a 4.2 magnitude earthquake Friday morning, one that was strong enough to be felt 150 miles away in Oklahoma City and more than 70 miles away in Wichita, Kansas. No one was reported injured but the quake was a repeat of a similar strong quake earlier in …
Frozen gators in southeast Oklahoma
Just how cold was it in Oklahoma over the past week? Cold enough that alligators in Southeast Oklahoma were found frozen in ponds with their snouts sticking above the ice in order to survive. Oklahoma Department of Wildlife Conservation’s David Arbour spotted some of them in the more than 5,800-acre wetland project called the …
Lawsuits are already filed over massive power failures in Texas
It hasn’t happened in Oklahoma, but at least two lawsuits were filed against utilities over the historic power failure in Texas. Both involved some of the same providers who operate in Oklahoma. One of the suits is against CenterPoint Energy, the Houston-based provider that is also a main supplier of natural gas in Oklahoma. …
Energy news in brief
** Protesters of the Enbridge Line 3 oil pipeline under construction near Duluth, Minnesota threw a package at a work site then fled the area, prompting a sheriff’s bomb squad to be called in by workers. ** The U.S. Senate energy committee will hold a hearing on electric grid reliability sparked by this week’s mass outages across …
Carl Icahn looking to buy stake in FirstEnergy
Activist investor Carl Icahn, the largest shareholder in Oklahoma City’s SandRidge Energy as well as the CVR Refinery in Wynnewood now has his eyes set on troubled Ohio-based FirstEnergy Corp. Yes, this is the same company that became the focus of a major bribery scandal last year when three top executives were fired in …
ERCOT—so close to months of blackouts in Texas
Reports indicate that the state of Texas, was literally minutes away from possible power outages lasting months, not hours as the historic freeze gripped the state and interfered in power production. As the status of rolling blackouts and power production improved late in the week, Bill Magness, President and CEO of the Electric Reliability Council …
Natural gas prices plunge as supplies return in Oklahoma
As temperatures rose into the mid 20s on Thursday in Oklahoma, gas supplies eased too along with a dramatic and historic plunge in natural gas prices. Reports indicate spot prices on gas dropped 99%. By Thursday, the gas supply for next-day delivery at the ONEOK Gas Transportation hub in the state traded at $4 …
Why Texas has its own electrical power grid
While Oklahoma belongs to the Southwest Power Pool which is a voluntary group of 13 other states, Texas has its own power pool. And most of the state, with the exception of El Paso and parts of the Panhandle are in the power pool called the Electric Reliability Council of Texas. Now ERCOT is …
Oil prices dropped—so did most Oklahoma energy stocks
Crude oil prices took a plunge in Thursday’s trading and Oklahoma energy stocks followed suit, some dropping more than 8%. West Texas Intermediate crude for March delivery dropped 62 cents to $60.52 a barrel in trading on the New York Mercantile Exchange. Global benchmark Brent crude oil for April delivery fell 41 cents …
New drilling interest in Oklahoma
Energy companies are planning more drilling activity in Oklahoma including Continental Resources which obtained permits to drill this week including a four-well site in Grady County. Continental actually received permits for five Sandy Creek Ranch wells, with one to be located adjacent to the four-well, single-pad site. The SANDY CREEK RANCH #4-30-19XHW, is located at 31 …