May 13, 2024 archive

Crude oil prices bounced back on Monday

Monday produced an increase in crude oil prices because of increased demand seen in the U.S. and China. It was a turn around from Friday’s trading where crude fell $1 a barrel. West Texas Intermediate gained 86 cents or 1.1% to settle at $79.12 a barrel on the New York Mercantile Exchange. Global benchmark Brent …

Continue reading »

FERC adopts rules for expansion of regional transmission lines

  The Federal Energy Regulatory Commission acted Monday to ensure the transmission grid can meet the nation’s growing demand for reliable electricity with a new rule that outlines how to plan and pay for facilities that regions of the country will need to keep the lights on and power the American economy through the 21st …

Continue reading »

Continental Resources takes on the EPA over methane rules

    A challenge by Oklahoma City’s Continental Resources to the new Environmental Protection Agency rule on methane standards for the oil and gas industry contends the EPA illegally expanded its authority beyond what is authorized. Continental was joined by Oklahoma and Texas and 22 other states in taking on the giant agency used by …

Continue reading »

$1.2 billion solar farm to be built near Cheyenne, Wyoming

  A billion dollar solar farm is in the works of southeast Wyoming. Actually, the estimated price is $1.2 billion and it will consist of 1.2 million panels to product electricity for out-of-state firms. The Enbridge project is called the Cowboy Solar Project and it will take up 5,400 acres of ranchland and take up …

Continue reading »

SandRidge Energy—a shadow of what it once was

  Ten years after SandRidge Energy had nearly 1,900 employees, the Oklahoma City energy company is down to nearly 100 employees. A new yearly filing with the Securities and Exchange Commission by SandRidge showed the firm had 102 full-time employees including 87 in the field and 15 in corporate offices as of December 31, 2023. …

Continue reading »

Groendyke Transport leader honored with lifetime achievement award

  A lifetime achieve award was recently given to Enid’s John D. Groendyke, chairman of the board of Groendyke Transport founded in 1932 by his father. The honor came from National Tank Truck Carriers during the group’s annual conference. Click here for Enid News and Eagle

EIA predicts increased oil production but not gas production in June

  A new report suggests oil production will remain steady in the Anadarko Basin in June while its natural gas production will fall. The report from the U.S. Energy Information Administration showed that of all the major oil and gas producing areas in the country, the Permian Basin will see the largest gain in predicted …

Continue reading »

Kansas Governor vetoes bill to ban China ownership of state land

  Arkansas yes. Kansas no, when it comes to banning China’s companies from owning land in the state. Kansas Gov. Laura Kelly vetoed a bill to ban Chinese or Communist firms from owning real estate in Kansas. She claims the bill was too broad and might even be subject to legal challenge. “While I agree …

Continue reading »

Oklahoma Broadband Governing Board to meet

  The public and members of the Oklahoma Broadband Governing Board will get an update this week regarding progress on the state’s expansion of its broadband efforts across the state. The governing board will hold a meeting at 10 a.m. on Tuesday at the Harvey Parkway building in Oklahoma City. The agenda is as follows: …

Continue reading »

New Mexico Governor leads delegation to Netherlands for hydrogen development

    It’s one thing to talk about hydrogen fuel development in her state, but New Mexico Gov. Michelle Lujan Grisham put words into action. She’s leading a delegation to an industry summit exhibition in the Netherlands this week seeking the “opportunity to sell New Mexico as a dynamic and thriving place for hydrogen industry …

Continue reading »