** The Saudi Energy Minister warned traders on Thursday against betting heavily in the oil market saying he will try to make the market “jumpy” and promised those who gamble on the oil price would be hurt “like hell”. ** Mesa Royalty Trust in Houston announced that there will be no distribution paid for the month ended …
2020 archive
Citizen scientists in Tulsa
A University of Tulsa student’s plan to monitor the water quality of the Arkansas River is gaining ground in Tulsa, thanks to a request from the Oklahoma Department of Environmental Quality. The story from the Tulsa World. Click here to read.
Residents clamor for tougher restrictions on proposed wind farm in central Kansas
NextEra Energy’s proposed wind farm near Hutchinson, Kansas has county officials working on new wind farm restrictions and regulations, including required setbacks from residential areas. In a recent meeting, the Reno County Planning Commission listened to 50 speakers during a four and one-half session before concluding to take no additional public comment. Some members of …
5 Major US Utilities That Haven’t Promised to Fully Decarbonize
Oklahoma Gas and Electric is one of five major utilities in the U.S. identified as not promising to fully decarbonize and follow suit in which numerous other firms have done. GreenTech Media identified five major utilities that it described as “exceptions” or “holdouts” that have not promised to eliminate their greenhouse gas emissions. GTM …
U.S. shelves Wyoming oil and gas leasing plans over sage grouse
The Trump administration has shelved plans to offer nearly 350,000 acres for oil and gas leasing in Wyoming next week, according to documents seen by Reuters on Thursday, citing protections for a threatened Western bird. In notices posted on a Bureau of Land Management website on Sept. 11 and Sept. 14, the agency’s …
Water Board to update public about protecting the Illinois River in Oklahoma
The Oklahoma Water Resources Board will hold a public webinar this week to update the state on ongoing efforts to protect the Illinois River Watershed from phosphorous pollution. The OWRB’s Water Quality Standards staff will inform stakeholders and others about the revision of what is known as the “total phosphorous criterion” for the protection …
Most energy companies saw losses in Friday’s trading of shares
Just as oil futures seem to be mired in the low $40s, so are stocks in Oklahoma energy companies as reflected by Friday’s trading. More firms reported a loss as Wall Street closed for the weekend. Alliance Resource Partners dropped 4 cents for a 1.24% decline to $3.18. Blueknight Energy Partners gained only one …
Chesapeake Energy gets funding from 14 banks
While Chesapeake Energy wades through its Chapter 11 bankruptcy, the Oklahoma City company has made a new credit agreement with at least 14 lending institutions. The filing of a Form 8-K with the Securities Exchange Commission showed Chesapeake Energy signed a “Senior Secured Super-priority debtor-in-possession credit agreement” on Sept. 15, 2020. “The Amendment, among …
Oil futures log biggest weekly gain since June
Oil futures split paths for the session on Friday, with U.S. prices up modestly and global prices slightly lower but both benchmarks logging their biggest weekly gain since June after major oil producers pledged their full commitment to output cuts. West Texas Intermediate crude for October delivery tacked on 14 cents, or 0.3%, to settle …
Rig count is unchanged in Oklahoma while nationally it grew by one
The number of oil and gas drilling rigs in the U.S. continues to be anemic with an increase of one to 255 in the past week while in Oklahoma, the count was unchanged at 12 active rigs. Figures provided by the Baker Hughes Co. showed the national count included a decline of one oil …