HF Sinclair Corporation’s merger with Holly Energy Partners, L.P., a firm with pipeline operations across Oklahoma, was completed over the weekend. The deal is valued at $1.44 billion, according to a Reuters report. Sinclair acquired all of the outstanding communit units representing limited partner interests in Holly Energy Partners. The acquisition was for a …
December 2, 2023 archive
NM Governor joined Biden administration in Dubai to make EPA announcement
New Mexico Gov. Michelle Lujan Grisham traveled to Dubai and used the COP 28 climate control event to announce the final federal rules to reduce emissions from the oil and gas industry—an industry that is key to major revenue for her state. She joined EPA Administrator Michael Regan and White House National climate Advisor …
New bus routes implemented by EMBARK in Oklahoma City
Oklahoma City: Embark bus 2102, a 40-foot New Flyer Xcelsior CNG bus, southbound on Robinson Ave. at 7th St. Photo by Steve Morgan, 2021. Oklahoma City’s bus service, EMBARK, put new bus routes into effect on Sunday. The changes affected all of EMBARK’s bus routes. The OKC Moves Bus Service Changes include updates to service areas …
Gains made in rig activity but it’s far less than a year ago
The U.S. oil and gas rig count increased in the past week but figures from Baker Hughes Co. show the amount of rig activity is still far below a year ago. Rig numbers provided provided by Baker Hughes show Oklahoma was unchanged at 38 rigs, far below the 71 rigs reported last year at …
Acquisitions make Williams third largest gatherer in DJ Basin
Williams announced that it has successfully closed two strategic transactions with a value of $1.27 billion that now position the company as the third largest gatherer in the DJ Basin. Formally called the Denver-Julesburg Basin, it is a large geological formation in northeastern Colorado and southeastern Wyoming. It extends into parts of Nebraska, South …
Energy updates
** The Biden administration on Saturday issued a final rule aimed at reducing methane emissions, targeting the U.S. oil and natural gas industry for its role in global warming as President Joe Biden seeks to advance his climate legacy. ** Nearly a decade after the Flint Water Crisis, the Biden administration is proposing to require the removal …
Strategic Petroleum Reserve to be refilled
After lowering the nation’s Strategic Petroleum Reserve to what some Oklahoma congressional members called dangerously low levels and at the same time harming the nation’s national security, the Biden administration plans to buy 2.7 million barrels of oil to replenish the reserve. The Department of Energy made the announcement on Friday and explained the …
Canoo makes slow progress in turning out new EVs in Oklahoma City
Those new electric vehicles being manufactured by Canoo at its Oklahoma City manufacturing plant will cost more than the current average price of $44,331 for a new non-luxury car in the U.S. In a recent article in the Yukon Progress, Canoo CEO Tony Aquila said his EVs will have a price range of $50,000 …
Complying with the EPA mandate of “get the lead out”
In order to meet the Biden Administration’s EPA proposal to remove lead pipes across the U.S., an estimated 48,000 such pipes would have to be eliminated in Oklahoma, 330,000 in Missouri, 160,000 in Kansas and 270,000 in Texas. Those figures are based on a 2021 Natural Resources Defense Council survey. The Environmental Protection Agency …
