North Dakota Republican U.S. Sen. Kevin Cramer is urging President Trump to place an embargo on crude oil from Russia, Saudi Arabia and other OPEC nations. Representing the state with the second-largest oil production, Cramer wrote the President this week said he should adopt the embargo “to avoid substantial domestic layoffs, displacement, and financial impacts.” …
Pipeline companies are reporting few if any disruptions in their operations because of the coronavirus pandemic around the globe. Magellan Midstream Partners LP spokesperson Bruce Heine in Tulsa wrote in an email to S & P Global that the oil pipeline operator has “implemented a number of measures” to keep staff safe. North American natural …
Attempts to convert a former power plant into a biofuels operations in Kansas City have drawn the interest of the FBI. The Kansas City Star reported that two individuals involved in controversial energy projects in Independence that have drawn FBI scrutiny submitted a formal proposal to help repurpose a separate, soon-to-be shuttered city power plant. …
The transmission line to carry southwest Kansas wind powered electricity across Missouri and into Illinois still has life after a court ruling this week. The Missouri Supreme Court upheld the Missouri Court of Appeals Eastern District’s 2019 decision reaffirming a PSC decision that approved a certificate of need and necessity for the Grain Belt …
Just a few days after Denver-based Ovintiv announced the slashing of spending and drilling operations and intentions to have only two active rigs in Oklahoma, the firm filed what might be one of the last completion reports for a while in the state. The company completed the Taylor 7-5-15-10-21h well at 17 7N 5W southwest …
Tulsa’s Superior Pipeline Company, L.L.C. announced Thursday that it has entered into a long-term, fee-based natural gas gathering and processing agreement with an active producer in the STACK play. The agreement replaces a prior contract with Superior, expanding the producer’s dedication area to approximately 345,000 gross acres. The Cashion system includes two cryogenic processing plants …
Phillips 66 and Phillips 66 Partners have announced a change in the date of its conference call to discuss first-quarter earnings. The two said due to a change in scheduling, the conference call webcast will now be held on Friday, May 1 at 11 a.m. CDT. At that time, the company’s executive management will discuss …
Despite the oil price war and the spreading impact of the coronavirus, Tulsa’s NGL ENergy Partners LP anticipates few changes in its budget for the new fiscal year. In a Thursday announcement, the firm said its fiscal year 2020 adjusted EBITDA should remain unchanged at $565 million to $595 million. It also expects to …
An ominous warning came from Moody’s this week—it’s concerned about the $32 billion wave of oil and gas industry debt that is coming due this year through 2024 in the U.S. Some of that debt involves Oklahoma oil and gas companies. Concerns were mounting about the debt even before oil prices collapsed to a nearly …
More completion reports filed this week with the Oklahoma Corporation Commission show new wells are adding to the existing glut of oil that has led to a massive drop in oil prices. Marathon Oil filed an amended report on the Roser 1611 2-3-34mxh well located at 3 16N 11W in Blaine County, a site about …
