2016 archive

NRC Asks FERC to Prepare Generic Rules on Protecting Sensitive Data

The Nuclear Regulatory Commission asked the Federal Energy Regulatory Commission on Thursday to create generic rules aimed at protecting sensitive information that could threaten critical energy infrastructure. “As the federal regulator of commercial nuclear power plants, the NRC regularly receives and generates information that, if released, could negatively affect, at a minimum, public health and …

Continue reading »

West Texas Intermediate Has Best Performance in Five Months

With a return to the bull market, oil futures closed out Friday on a positive note, according to Bloomberg MarketWatch. On the New York Mercantile Exchange, September West Texas Intermediate crude rose 30 cents, or 0.6%, to settle at $48.52 a barrel. For the week, prices finished over 9% higher than last Friday’s settlement—the best …

Continue reading »

Williams Announces Quarterly Dividend

The Williams Companies Board of Directors approved a regular dividend of $0.20 on the company’s common stock, payable September 26, 2016 to holders of record at the close of business September 9, 2016. Tulsa-based Williams has paid a common stock dividend every quarter since 1974, according to a company press release.

Oklahoma Corporation Commission Responds to Recent Seismic Activity

In response to last week’s earthquakes in Lincoln County, the Oklahoma Corporation Commission on Friday announced two disposal wells must shut down while 19 other wells must reduce wastewater disposal well operations. New Dominion LLC’s B. Smith 31 well and Hulen Operating Co.’s Threatt 18-3 well were within 3 miles of eight small-magnitude earthquakes that rocked the …

Continue reading »

Baker Hughes: U.S. Active Rig Count Ascends by Ten

The number of active U.S. rigs rose for the eighth week in a row, according to the Baker Hughes rig count released on Friday. The U.S. rig count rose by 10 to reach 491 active rigs after hitting a record low of 404 in May. Overall, the U.S. is down 394 rigs from last year’s …

Continue reading »

OGE Exercises Right of First Offer to Acquire CenterPoint Interest in Enable

OGE Energy Corp. said Friday it exercised its right of first offer to increase the utility’s stake in Enable Midstream Partners LP along with an unnamed third party, according to a report in The Oklahoman. OGE Energy currently holds a 26.3 percent limited partnership interest in Enable. The offer comes after Houston-based CenterPoint Energy Inc. …

Continue reading »

Arkansas Files Cease & Desist Against Texas Wind Turbine Maker

The Arkansas Securities Commissioner filed a cease and desist order on Thursday against a Texas-based company that makes wind farm turbines. The Commission said that Dragonfly Industries of Frisco, Texas, and its CEO Jody Davis committed securities fraud. The Commission alleges Dragonfly sold three investment contracts that were not registered; that Davis failed to tell …

Continue reading »

Permits to Drill August 22, 2016

Canadian County MCKINNEY 1207 #1-35MH, June 24 2016 35 12N 7W SESESESW API: 01724914 Lat: 35.46479902188582, Long: -97.91127983114231 MARATHON OIL COMPANY HH, AM, 15307 ft, MISSISSIPPIAN(9330) Grady County GENE CARROLL #1H-8-5, August 19 2016 17 9N 6W NWNENWNW API: 05124062 Lat: 35.260942664398, Long: -97.86279099258174 CITIZEN ENERGY II LLC HH, DR, 21700 ft, MISSISSIPPI LIME(11000) Grady …

Continue reading »

SandRidge Bankruptcy Hit With SEC $1.2 Million Whistleblower Claim

The U.S. Securities and Exchange Commission has filed a $1.2 million claim in SandRidge Energy Inc.’s bankruptcy case over the termination of a whistleblower alleging inaccuracies with the company’s reporting of oil and natural gas reserves, according to the Tulsa World. On June 16, the SEC filed a $1.2 million claim in SandRidge’s pending bankruptcy …

Continue reading »

Brent Crude Settles Above $50, Ushers In Bull Market on Thursday

  The bulls are back! Brent crude closed above $50 a barrel with West Texas Intermediate trailing close behind at $48 a barrel as undaunted traders stayed the course to reach a two-month high on Thursday, according to Bloomberg MarketWatch. A larger-than-expected weekly decline in U.S. crude stockpiles lifted prices by more than 20% from …

Continue reading »