With another jump in Brent crude oil prices, Oklahoma energy stocks had a second consecutive strong showing in trading. Crude prices dropped in the U.S. where West Texas Intermediate dropped 11 cents before finishing the day at $44.80 per barrel. Global benchmark Brent crude saw a nearly 4% increase when prices jumped $1.80 before …
Four years after Oklahoma City’s SandRidge Energy filed Chapter 11 bankruptcy and emerged from it in 2016, a bankruptcy judge has issued the final decree in the case. In a filing this week with the Securities and Exchange Commission, SandRidge said the judge in the case issued the final decree last week closing the …
Even more good news came this week for AAR and its operations in Oklahoma City. “Good news for AAR!” wrote Bill Hancock, Business Services and Rapid Response Coordinator at the Oklahoma Office of Workforce Development who took note after it was announced Alaska Airlines said it reached agreement to lease 737 MAX 9 aircraft. …
California did it and officials in Colorado might consider a similar ban of the sale of new gasoline-powered cars and trucks by 2035. But Colorado Public Radio reports that the state’s Energy Office leaders also say it’s a little early to say if Colorado will soon follow suit. Click here for the story from Colorado …
Environmentalists are fighting the January sale of oil and gas drilling leases in New Mexico and Texas by the Bureau of Land Management. They filed written protests of the Jan. 14, 2021 auction of 6,442 acres in the Permian Basin located in the two states. The Carlsbad Current Argus reports WildEarth Guardians, the Center for …
Set in stone—new Colorado rules requiring a 2,000 foot drilling setback from homes and schools. The Colorado Oil and Gas Conservation Commission finalized the rule changes this week in a move that it indicated was to prioritize public health and safety and the environment when it comes to deciding whether to approve oil and …
Bankrupt Chesapeake Energy Corp. and Tulsa’s Williams Cos. have reached an agreement to allow treatment and movement of its natural gas in the Lower 48. The gas gathering agreement with Williams will allow Chesapeake to continue to have an outlet for its gas production from the Midcontinent, the Eagle Ford, Haynesville and Marcellus shales …
** Some of the largest biofuels companies plan to ask Biden to impose a nationwide standard to reduce carbon emissions from transport fuels, Reuters reports, citing five sources familiar with the matter . ** The industrial slowdown spurred by the coronavirus pandemic has not curbed the record levels of greenhouse gases, according to a new report from the World …
The U.S. Army Corps of Engineers this week approved federal permits for Canada’s Enbridge Inc. to go ahead with its Line 3 crude pipeline replacement project. The line moves crude from Alberta’s oil hub to Midwest refiners in the U.S. and the approval of the permits will allow replacement construction that’s been delayed for …
Why did energy stocks make such large leaps in Monday’s trading? Analysts give much of the credit to news of more coronavirus vaccine development. Stocks continued shooting up in Tuesday’s trading and one explanation said it happened based on the hopes that vaccines will do something to diminish the large amount of stored crude …
