The Petroleum Storage Tank Division of the Oklahoma Corporation Commission plans an April 13 Virtual Summer Planning meeting to discuss its first Industry Roundtable meeting in the summer. The PSTD typically conducts a review of its rules to determine the necessity of conducting a formal rulemaking the following fall through spring. The division said …
Coming off a $35 million net loss in the fourth quarter of 2020, Houston-based Nine Energy Service plans to release its first quarter earnings report in early May. The firm, with operations in Oklahoma will release the report on May 6 and hold an earnings conference call at 9 a.m. Central Time. The fourth …
In the Bakken of North Dakota, a play where some Oklahoma energy firms have significant investments and operations, the Hess Corporation announced the $312 million sale of some of its interests. Hess is divesting its Little Knife and Murphy Creek acreage to Enerplus Corporation. The sale consists of nearly 78,700 net acres located in …
Continental Resources announced its annual shareholders meeting will be held Thursday, May 20. In a proxy filing with the Securities and Exchange Commission, the company said shareholders will be asked to vote on the election of members to the Board of Directors, the ratification of independent auditors and the compensation of the firm’s named …
** Saudi Arabia’s energy giant, Aramco is in advanced talks to sell up to a 49% stake in its oil pipelines to a consortium of U.S., Chinese and local investors for between $10 billion and $15 billion, according to people familiar with the matter. ** Two House Republicans are demanding that the Environmental Protection Agency provide records …
Like utilities across Oklahoma and Texas that are dealing with historic high natural gas costs from the February winter storm, a utility in Nebraska is dealing with $80 million in natural gas costs. Black Hills Energy customers in the state could be hit with significant rate hikes to pay for the costs of the …
Crude oil prices struggled again on Wednesday as US prices settled just under $60 a barrel. West Texas Intermediate crude for May delivery finished up 36 cents for a less than 1% gain to $59.69 on the New York Mercantile Exchange. Brent crude for June delivery rose 37 cents for a gain of 0.59% …
The Environmental Protection Agency was petitioned this week by hundreds of environmental groups to end ethane and methane emissions responsible for smog. The groups also want an end to exemptions for the emissions. A review of the hundreds of groups showed none apparently to be from Oklahoma. Some were from New Mexico. (click here …
** An electric version of the Chevrolet Silverado pickup truck will get an estimated 400 miles of range per charge, General Motors says. The company announced the range in a webcast on Tuesday and said the truck would be built at a factory straddling the border of Detroit and the enclave of Hamtramck. ** The Australian Academy of …
A planned pipeline project designed to carry crude oil from the Rockies and Bakken Shale to the Cushing hub in Oklahoma has been abandoned by Phillips 66 Partners. The firm announced it is pulling out of what has been described as “the long-deferred” Liberty Pipeline project that would have carried 350,000 barrels a …
