Tulsa-based Magellan Midstream Partners, L.P. has successfully completed a $200 million, 210-mile Arkansas pipeline extension project connected to refineries in Oklahoma, Kansas and the Gulf Coast, according to a Journal Record report. “There are periods of time during the year when (those) refineries produce the lowest-cost gasoline in the region, and so now they’ll have …
August 2016 archive
New Mexico Underground Waste Dump May Reopen in December
The U.S. Department of Energy is highly confident that the nation’s sole underground nuclear waste dump will reopen in December, according to a story posted on the website of News9.com. The Waste Isolation Pilot Plant is located 26 miles east of Carlsbad, New Mexico. The site, known as WIPP, is the world’s third deep geological repository …
Baker Hughes: Rig Counts Jump in the Texas Permian Basin
The number of active U.S., Canadian and international rigs surged dramatically this week, according to the Baker Hughes rig count released on Friday. The U.S. rig count rose by 17 to reach 481 active rigs after hitting a record low of 404 in May. Overall, the U.S. is down 403 rigs from last year’s figures. …
WTI and Brent Crude Post Best Weekly Gains Since April on Friday
Bolstered by Saudi Arabia’s eagerness to rebalance the market, oil futures snapped back from a recent slump on Friday by posting their best gains since April, according to Bloomberg MarketWatch. September West Texas Intermediate crude rose $1, or 2.3%, to end trading at $44.49 a barrel on the New York Mercantile Exchange, representing its highest …
Permits to Drill August 15, 2016
Blaine County HEROD FIU #1-8-5XH, August 12 2016 08 16N 12W S2SESWSE API: 01123636 Lat: 35.8709324218809, Long: -98.49605710625625 CONTINENTAL RESOURCES INC HH, DR, 20813 ft, MISSISSIPPIAN(11036) Blaine County GLENWOOD PEARL FIU #1-19H, August 12 2016 19 16N 12W NWSESWSE API: 01123635 Lat: 35.84229817693606, Long: -98.514114533319 CONTINENTAL RESOURCES INC HH, DR, 15857 ft, OSWEGO(8590), MISSISSIPPIAN(11442), HUNTON(11700) …
Kansas Regulators Issue Order Restricting Wastewater Injections
The Kansas Corporation Commission approved an order on Tuesday that restricts the amount of oilfield saltwater injections which are introduced into the Arbuckle formation in parts of five counties located in south central Kansas. The state regulatory panel hopes that the new rules will place more restrictions on the volume of wastewater that can be dumped …
Tuttle Grasps With Benefits and Burdens of LINN Energy’s New Plant Construction
In Grady County, construction of a new natural gas compression plant is the center of controversy. Houston-based LINN Energy is currently building the facility in the community of Tuttle. The compressor plant, located off Highway 37 on Cemetery Road, is expected to process around 60 million cubic feet of natural gas per day while serving …
Corporation Commission to Hear Motions in Bribery Rate Case
The Oklahoma Corporation Commission has finally set an August 22 date to handle a nearly 27-year dispute over a bribed vote that gave a massive rate hike to Southwestern Bell. But Attorney General Scott Pruitt is objecting. Some consumers are asking for a refund totaling nearly 16 billion dollars. It’s a case where a handful …
Fire Rocks Southeastern Louisiana Refinery Early Thursday
A large fire erupted at Shell’s Motiva oil refinery in Convent, Louisiana shortly before 11 a.m. on Thursday. Located nearly 68 miles west of New Orleans in St. James Parish along the Mississippi River, the giant complex was evacuated as firefighters raced to control the blaze in Motiva’s H-Oil unit before extinguishing the flames around 3:30 …
Oil Futures Rally as OPEC Plans Informal Meeting to Stabilize Market
Oil futures rebounded on Thursday as investors reacted positively to news reports that Saudi Arabia’s energy minister will take action to stabilize the market at an informal meeting next month, according to Bloomberg MarketWatch. On the New York Mercantile Exchange, September West Texas Intermediate crude added $1.78, or 4.3%, to settle at $43.49 a barrel, …