While the nation’s oil and gas rig count increased by one to reach 1,054 in the past week, the count in Oklahoma grew by four and hit 141 active drilling rigs. Reports from Baker Hughes Co. and the Independent Oil and Gas Service showed a drop of 3 to reach 863 oil rigs while …
A proposal by a Dallas company to store high-level radioactive waste in a West Texas dump means the used nuclear fuel would most likely be carried through Oklahoma. Waste Control Specialists and Orano USA created a joint venture known as Interim Storage Partners and are seeking a permit from the Nuclear Regulatory Commission to store …
With a lot of help from Oklahoma’s energy industries, the state’s economic improvement in the past year caught the attention of Moody’s Investor Services. The company has upgraded the state’s bond rating outlook from negative to stable. Governor Mary Fallin credited some of the improvement to the legislature’s approval of an historic revenue package. “Moody’s …
Oklahoma U.S. Sen. Jim Inhofe and others on the Senate Committee on Environment and Public Works focused this past week on cleaning up the oceans during a hearing on capitol hill. Their attention was devoted to the question: How to reduce the impact of man-made trash on the environment, wildlife and human health? Two witnesses …
Oklahoma’s latest earthquake was registered early Friday morning near the Cleveland County town of Dibble. The 2.9 magnitude quake was recorded at 2:07 a.m. Oklahoma time and the epicenter was approximately 3.8 miles northeast of the town, according to the U.S. Geological Survey. Here is the data as provided by the USGS. Event type: Earthquake …
At least one global energy strategist is predicting natural gas prices to spike by four times this winter. If, there’s always an ‘if’, there is a severe cold snap. It’s the prediction of Anthony Yuen at Citi who notes gas stockpiles will end the month of October at 3,330 to 3,370 billion cubic feet. That’s …
The State History Center has reopened the Devon Energy Oil and Gas Park more than one year after a storm left some of the display badly damaged. The center used private contributions as well as donations from Devon Energy, the Oklahoma Energy Resources Board and three individuals to restore the historic pieces of oil and …
Phillips 66 Partners says it’s started an open season for the Eagle Ford segment of its Gray Oak Pipeline in South Texas. The season means shippers will have a chance to secure long-term crude oil transportation on the Gray Oak line from the Helena Hub and Three Rivers terminal to the Corpus Christi and Sweeny/Freeport …
Tulsa’s NGL Energy Partners LP has reached an agreement with the EPA over a lawsuit brought by the government against one of the company’s subsidiaries involved in biofuel production in Iowa. The company said the settlement remains subject to final approval by the court. The Environmental Protection Agency filed suit against NGL Crude Logistics LL …
Roan Resources, Inc. in Oklahoma City has wrapped up its Fall 2018 Borrowing Base redetermination process for its Credit Facility. The company says all participating lenders consented to a Borrowing Base increase to $675 million from $425 million. The lender group also agreed to a London Interbank Offered Rate spread of 200 to 300 basin …
