** The bodies of two missing crew members of a dredging boat were found Saturday following an explosion a day earlier in the Port of Corpus Christi in Texas, according to the U.S. Coast Guard.The explosion happened at about 8 a.m. Friday when the vessel struck a submerged pipeline, according to the Coast Guard, and Port …
August 22, 2020 archive
As oil slipped, so did stocks in most energy companies
Oil was down at Friday’s close and so were most energy companies that operate from Oklahoma or in the state. Devon Energy dropped 25 cents in Friday’s trading for a 2.34% decline to settle at $10.44. SandRidge Energy plunged nearly 6% or 10 cents to end the day at $1.58 per share. Alliance Resource …
Oil ended lower on Friday on demand worries
Oil futures finished lower Friday, under pressure from continued worries over prospects for demand as the COVID-19 pandemic undermines economic growth. West Texas Intermediate crude for October delivery lost 48 cents, or 1.1%, to finish at $42.34 a barrel on the New York Mercantile Exchange, while the global benchmark, October Brent crude shed 55 cents, or …
Federal judge orders Sunoco Logistics to pay $155 million for owed interest, penalties on late payments for oil purchases
A Virginia federal judge ordered Sunoco Logistics to pay interest and punitive damages totaling about $155 million on nearly 1.6 million late payments it made over a period of about eight years to 53,000 royalty owners in wells across Oklahoma. The case involved a lawsuit brought by a farmer from Perry in northern …
OKC leaders to vote on incentives for drone-maker Skydweller
Skydweller Aero, a company developing a solar-powered “ultra-persistent” high altitude drone will be getting $275,000 in job-creation incentives from the Oklahoma City Economic Development Trust. Skydweller wants to open its production in Oklahoma City and one in Ardmore with projections of hiring 75 people at an average wage of $87,000.. Its drone, one that …
Early-morning sky can reveal string of satellites sent up there by SpaceX
I’m an early riser. Sometimes around 4 a.m. but usually anywhere from 4:30 a.m. to 5:30 a.m., a time which gives me a good view of the night sky in addition to enjoying the peace and quiet–a good time to write. Or take an occasional early-morning phone call from some of my more fervent …
Oil center in West Texas now home to state’s largest solar-power project
Odessa, Texas is known for being the heart of oil country. As in Permian Basin. As in Midland-Odessa. But the west Texas city has also become home to one of the largest utility-scale solar generation facilities in Texas. 174 Power Global has completed and energized its Oberon Solar Power Facility near Odessa according to a …
How the natural gas industry is criticized for its fight against gas bans
When Oklahoma’s legislature approved a new state law in May that prevented cities and local governments from banning natural gas hookups in new buildings, it joined a list of other states doing the same thing. The movement pushed by the natural gas industry has caught the attention of some journalists critical of the effort, …
Mesa Trust won’t have a distribution for August
The COVID-19 has forced operators of the Mesa Royalty Trust, one formed to cover producing oil and gas properties in the Hugoton field of southwest Kansas and the San Juan Basin fields of New Mexico and Colorado to suspend any distribution in August. The Trust announced over the weekend that there would be no …
