January 3, 2020 archive

Drilling advancements were North Dakota’s gain

North Dakota benefited from drilling advancements in the past 10 years. As the Bismarck Tribune reported, the development of the Bakken shale play came just as the recession of 2008 left many Americans unemployed or in debt. The promise of high-wage jobs drew tens of thousands of people to western North Dakota. Click here to read …

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Southwest Missouri getting two wind farms

Construction is underway on two wind farms in southwest Missouri. Some of the turbines are going up at a site about 20 miles north of Joplin, Missouri. They are part of a 600-megawatt wind project in Southwest Missouri and Southeast Kansas for Liberty Utilities-Empire District. Some of the customers of the District are in northeast …

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Minnesota to consider forcing utilities to abandon fossil fuel

An effort will be made this year in the Minnesota legislature to require the state’s electric utilities to move away from fossil fuel sources. The announcement was made by Minnesota Senate Republicans and it could mean the measure could become law following a divided state legislature last year. Sen. David Osmek, R-Mound, chairs the Senate …

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Oil prices are up after US killing of Iranian General

The oil market responded to the U.S. airstrike that killed an Iranian general by jumping more than $2 a barrel. The price of Brent crude rose by more than 4% on Friday to more than $69 a barrel. The uptick came as traders reacted to news of the killing of General Soleimani at the Baghdad …

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Senators support decision to kill Iranian militia leader

The decision by the U.S.to take out of Iran’s top military leader, General Qasem Soleimani in a drone strike is fully supported by Oklahoma’s U.S. Sens. Inhofe and Lankford. The strike occurred at the Baghdad International airport as Quds Force Leader General Soleimani arrived and was greeted by his militia leaders in Iraq. As they …

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SandRidge Permian Trust receives Stock Exchange warning

  More challenges for Oklahoma City’s SandRidge Energy. Its SandRidge Permian Trust headquartered in Houston has been notified by the New York Stock Exchange that its stock could be delisted. The Trust has fallen below the Exchange’s continued listing requirement that the average closing price of the Trust’s units of beneficial interest be at least …

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More STACK exploration approved by Oklahoma regulators

Houston’s Newfield Exploration Mid-Con Inc. has permits to drill more wells in Oklahoma’s STACK play. Permits for five wells in Canadian County were approved by regulators. Three of the Brueggen 1407 wells will be drilled at 14 14N 7W which is a site about 4 miles southeast of Okarche. Two more Brueggen 1407 wells will …

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