Author's posts
Summer Driving Demand Still Causing Little Effect on Oklahoma Gasoline Prices
While the nation’s average gasoline price increased seven cents a gallon in the past two weeks, the average in Oklahoma rose just two cents, hitting a statewide average of $2.15 a gallon, according to the latest Fuel Gauge Report from AAA Oklahoma. The nation’s average is up to $2.38 a gallon, the most expensive average …
Gas Flaring Practice Plunges in North Dakota
While the federal government’s targeting natural gas flaring on federal lands, the practice in the state where the highest amount has been carried out has fallen sharply since 2014. North Dakota’s flaring as of March 2016 was down to 10%, less than a third of the January 2014 flaring rate of 36%, according to figures …
$7 million in Fines Against UP Railroad in Two Years
After looking into federal records following a June 3-firey crude oil train derailment in Oregon, reporters for The Oregonian and OregonLive have discovered the Union Pacific railroad has been fined more than $7 million in a two-year period. The fines were for safety violations from 2014 through 2015. An Oregon Department of Transportation Inspection found …
Kimray Forced to Make More Layoffs in Energy Downturn
Months after a 10 percent reduction in its workforce, oilfield manufacturing equipment company Kimray, Inc. of Oklahoma City announced Monday it planned to lay off 120 workers by the end of the week. The reason is no surprise to anyone in the energy industry. The company blames the prolonged industry downturn. The company’s first reduction …
Oklahomans Helped House Condemn Carbon Tax
All five Oklahomans in the U.S. House were among those who helped congress make clear its opposition last Friday to a national carbon tax and the President’s plan for a $10–a-barrel tax on crude oil. The House passed its condemnation on a 237-163 vote saying such a carbon tax proposal “would be detrimental to …
Prices Force Delay in New Chemical Plant Along Texas Gulf Coast
Plans by German chemical giant BASF SE to build a massive plant along the Gulf Coast in Texas have been temporarily shelved because of volatile prices. It was nearly 15 months ago when the company announced plans for the largest single-plant investment with a planned annual production of 475,000 metric tons of propylene. But now …
Solar Power to Run New Toyota North American Headquarters in Plano, Texas
When Toyota completes its new North American headquarters in Plano, Texas, the electrical power provided to the operation will be 100 percent renewable energy. MP2 Energy, a full-service power company based in The Woodlands, Texas has been awarded a five-year retail electricity contract for the headquarters. The campus will be 2.1 million square feet …
Colorado Company Makes Big Buy in Marcellus
Denver, Colorado-based Antero Resources Corporation announced it has signed an agreement to buy 55,000 net acres in the core of the Marcellus Shale for $450 million. It identified the seller only as a “third-party” but said 75% of the acreage contains dry Utica rights. The purchase also includes undeveloped properties located primarily in Wetzel, Tyler …
Legislator Wants Interim Study on Oil and Gas Wastewater and Possible Recycling
Oklahoma City legislator Richard Morrissette not only is sponsoring a public forum to be held at the State Capitol on wastewater and the injection wells thought to be causing Oklahoma’s earthquakes, he wants an interim legislative study on the issue. He filed the request last week on the day of the deadline for such requests. …
Wastewater and Earthquake Forum to be held at State Capitol
A state legislator who is running for an Oklahoma Corporation Commission seat and the Ponca Nation Council will hold an Oil and Gas Industry Forum Tuesday exploring a way to reduce wastewater injection and the number of earthquakes in the state. The forum will be held at the State Capitol and focus on …