Author's posts
Other energy headlines
** At the House Democrats’ conference in Philadelphia this week, lawmakers made the case for Biden’s resurgence and for Americans’ shared sacrifice — including paying higher gas prices — to protect democracy. ** Marathon Pipe Line Inc. has shut down a pipeline in Illinois that leaked 165,000 gallons of crude oil into a local canal over the weekend, the …
Corporation Commission’s Tulsa office officially opened
The Oklahoma Corporation Commission’s eastern office in Tulsa has officially relocated and is open for business. Location at 201 West 5th Street, Suite 540, the office is located in the 201 Executive Center which is still under construction. Staff reminds office customers that because of the construction, the suites are not clearly marked and …
HollyFrontier and Holly Energy Partners complete deal with Sinclair
HollyFrontier Corporation and Holly Energy Partners, L.P. announced the establishment of HF Sinclair Corporation as the new parent holding company of HollyFrontier and HEP. The two companies also said they completed their respective acquisitions of Sinclair Oil Corporation and Sinclair Transportation Company from The Sinclair Companies. Starting at market open on March 15, 2022, …
White House not responding to Lucas letter about toxic work environment
Oklahoma Congressman Frank Lucas and other Republicans on a House Committee say the White House isn’t responding to their inquiries about a supposed toxic work environment at the Biden administration’s Office of Science and Technology Policy. So Lucas as the ranking member of the Committee on Science, Space, and Technology joined two other republicans, …
New Mexico governor works on hydrogen hub development
The recent agreement by Oklahoma, Arkansas and Louisiana to work on development of hydrogen hubs isn’t the only such effort in the region. New Mexico Gov. Michelle Lujan Grisham wants the same thing for her state, saying she wants New Mexico to be a national leader in clean hydrogen energy. She’s even directed her …
Permian Basin oil companies fight expanded nuclear storage in New Mexico
Plans to allow more storage in New Mexico of spent nuclear fuel from commercial power plants across the U.S. are now being fought by oil and gas operators in the the Permian Basin, the most active oilfield in the nation. The government’s already approved a license for an interim storage project in West Texas …
Earthquakes still get the attention of SandRidge Energy
Oklahoma City-based SandRidge Energy has cautioned its investors that further restrictions by regulators in Oklahoma and Kansas due to seismic activity in the past several years could still affect the company’s operations. In its recent fourth quarter earnings report, the company took note of how regulators in both states took steps beginning in 2016 …
Improved 4Q and full year financial results for Blueknight Energy
Blueknight Energy reported increases in its fourth quarter and full year earnings on top of increased asphalt sales. The company recently revealed it had fourth quarter 2021 income of $8.9 million from continuing operations which was 6% more than the $8.4 million reported a year earlier. The company’s adjusted EBITDA was $13.9 million, better …
Williams expands holdings in the Haynesville Basin
Williams announced its nearly $1 billion acquisition of the Haynesville gathering and processing assets of Trace Midstream on Monday. Trace is a portfolio company of Quantum Energy Partners and is being acquired in a transaction valued at $950 million. The acquisition will allow for an expansion of Williams’ existing footprint in the Haynesville, considered …
Mammoth Energy slams Puerto Rico’s attempted bankruptcy move
Oklahoma City-based Mammoth Energy Services is having nothing of efforts by Puerto Rico’s governor to end a more than $8 billion bankruptcy agreement to allow its Power Authority to come out of bankruptcy. As of the end of February, Mammoth, through its subsidiary Cobra was still owed $344 million including $117 million in interest …