January 2024 archive

NGL’s 3Q earnings report coming next week

    NGL Energy Partners LP plans to issue its fiscal third quarter report next week. The company will release the earnings report after the close of markets on Thursday, February 8 and old a conference call at 4 p.m. Central Time. NGL’s management team will discuss the financial results with analysts, investors and others. …

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Dallas companies to pay $7.4 in fines over 2022 oil spill near Cushing

    Two oil and gas companies have agreed in Oklahoma City federal court to pay $7.4 million in Clean Water Act penalties following a July 2022 underground pipeline rupture that leaked more than 7,100 barrels into Skull Creek north of Cushing. The agreement was made by Holly Energy Partners-Operating and Osage Pipe Line Co. …

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Energy quick reads

** The U.S. State Department on Tuesday indicated that it would reimpose sanctions on Venezuelan oil without further election reforms. ** California Gov. Gavin Newsom (D) is committing to the removal or circumvention of several long-disputed dams in a bid to revive the state’s salmon. ** The Federal Emergency Management Agency (FEMA) will compensate local and state …

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Crude up and Oklahoma energy stocks up following Tuesday’s trading

    Crude oil prices finished up as did Oklahoma energy stocks with one firm recording a 12% gain for the day’s trading. Prices of crude went up because of the growing tensions and worries about the U.S. response to the deaths of three American soldiers killed in Jordan. US benchmark, West Texas Intermediate crude …

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Amtrak passenger train derailed in Colorado after hitting milk truck

  A close call for passengers on board Amtrak’s California Zephyr as it rolled along in northern Colorado Monday night. The train, filled with 69 passengers, hit a milk truck that was on the tracks about 35 miles northeast of Denver near the town of Keenesburg and some of the cars decoupled. One Amtrak worker …

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Stored fuel presented dangerous situation for OKC firefighters

(KOCO TV)   An auto collision center was destroyed by fire early Tuesday morning along I-35 in Oklahoma City but not before it posed a potential disaster for firefighters. Nearly 300 gallons of fuel stored inside the structure on I-35 Service Road near Southeast 59th Street prevented firefighters from entering the burning building. It created …

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OKC’s Will Rogers World Airport had 11% increase in passengers in 2023

  The number of passengers that flew in and out of Oklahoma City’s Will Rogers World Airport last year grew by 11% over 2022. Oklahoma City reported the 2023 passenger use totaled 4,400,049, an increase over the 3,951,333 passengers who used the airport in the prevous year. But, it wasn’t a record. The numbers came …

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Monday’s temperatures were the highest of the year to date

The Oklahoma Mesonet reports temperatures across the state on Monday were at their highest for the year. Climatologist Gary McManus says the statewide average high was 69.2 degrees, highest of the month and a year….plus “a massive jump from the 8.9F we suffered through back on Jan. 14.” He also said it was the warmest …

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WAPO joins criticism of Biden’s delay of natural gas projects

  The Washington Post joined Oklahoma’s congressional delegation in heaping criticism on President Biden for his decision last week to delay major natural gas projects that would lead to LNG shipments to European countries. “It’s an election-year sop to climate activists that will do much more to unsettle vital U.S. alliances than to save the …

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BLM stops work on energy plan for New Mexico’s Chaco region

    The Bureau of Land Management carried out a move last month in New Mexico that left conservationists and environmentalists puzzled. The BLM abandoned work on a resource management plan in northwestern New Mexico’s historic Chaco region. The agency indicated that work on an update to the district’s Resource Management Plans had been scrapped …

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