2020 archive

Energy stocks hit “teeter totter” trading day on Friday

  As oil prices dropped even further in Friday’s trading in the U.S. and in Europe, the day proved to be a mixed bag for trading of energy stocks. Some Oklahoma energy companies made big gains while others fell as much as 10%. Tulsa’s WPX Energy, in the process of merging with Devon Energy saw …

Continue reading »

Crude oil futures dropped more on Friday’s trading

  They already had dropped to a 5-month low in trading this week, but crude oil futures took another slide downward on Friday. West Texas Intermediate futures dropped 38 cents or 1.05% and settled at $35.79 per barrel on the New York Mercantile Exchange. Brent Crude, in ICE futures trading slipped 19 cents or .50% …

Continue reading »

Attorney General Hunter Warns of Contractor Fraud in Wake of Ice Storm

  The disastrous ice storm that left hundreds of thousands of Oklahomans without electrical power prompted Attorney General Mike Hunter to issue a warning about fraudulent contractors. He urged residents to be cautious about selecting contractors for ice-storm repairs and cleanup. “Criminals see things like ice storms as an opportunity to make money,” Hunter said. …

Continue reading »

Illinois River Watershed Steering Committee Virtual Meeting Nov. 9

  The Illinois River Watershed Steering Committee (Steering Committee) in Oklahoma will hold a virtual meeting on November 9, 2020 at 1:00 PM. The meeting will be conducted virtually via Zoom. During the meeting, presentations from environmental agencies in Oklahoma and Arkansas and the Cherokee Nation will be given. The virtual meeting will be open …

Continue reading »

Rig numbers increase in U.S. but slip in Oklahoma

  The number of oil and gas drilling rigs active in Oklahoma slipped by one in the past week, falling to 14 rigs compared to the 51 a year ago, according to the latest figures released by Baker Hughes Co. Nationally, numbers increased by 9 to reach 296 as the total of oil rigs grew …

Continue reading »

Boulder County, Colorado moves to stop oil drilling by Denver company

  Officials in Boulder County, Colorado, considered to be a focal point of anti-oil and gas operations, have taken legal action to stop bankrupt Extraction Oil and Gas from drilling near its borders in Weld County. The county filed an emergency motion this week asking a court to end a suspension of pending litigation between …

Continue reading »

Mustang electric cooperative receives $69 million USDA investment

  An Oklahoma rural electric cooperative, CKenergy Electric Inc. of Mustang has received $69 million in USDA investments to improve rural electric programs. USDA Secretary Sonny Perdue made the announcement, explaining that CKenergy Electric received an investment of $5,735,046 to be in smart grid technologies. But the rest of the $69 million will be used …

Continue reading »

Evergy prepares to make a case for special fee against solar customers

  Evergy, the major utility in Kansas is again attempting to target solar customers with a special electricity fee. It is asking the Kansas Corporation Commission for permission to create the fee, a move that came half a year after the Kansas Supreme Court threw out an earlier fee that applied only to customers with …

Continue reading »

EPA sued by environmental groups for “failure” of industrial flare rules

  Ten environmental organizations have gone to court with a lawsuit accusing the Environmental Protection Agency of failing to reduce toxic air pollution from industrial flares at petrochemical plants, gas processing facilities and other large industrial sites. The lawsuits, filed in the United States District Court for the District of Columbia, contend the EPA has …

Continue reading »

Four STACK wells produce 2,700 barrels of oil a day for Ovintiv Inc.

  While third quarter earnings reports by some Oklahoma energy companies reflect little to no drilling activity in the state, completion reports filed with the state show a recent flurry of completed wells by Houston-based Ovintiv Mid-Continent Inc. Four of its wells had combined production of nearly 2,700 barrels of oil a day. The company …

Continue reading »