A subsidiary of Oklahoma City-based Chesapeake Energy agreed to pay a nearly $2 million civil penalty for violating the federal Clean Water Act through its drilling actions in the state of Pennsylvania. The fine was for Chesapeake Appalachia’s discharging of dredge material into waterways and wetlands at 76 sites in five counties of Northeast …
If there’s one industry that could make unexpected gains as a result of President Biden’s $2.2 trillion infrastructure plans, it would be the asphalt industry. Some in Oklahoma could stand to profit from the highway projects, if they are ever approved by congress. One particular company that stands out is Blueknight Energy Partners headquartered …
ONEOK, Inc. will release first quarter 2021 earnings after the market closes on April 27, 2021. ONEOK’s executive management will participate in a conference call the following day at 11 a.m. Eastern Daylight Time (10 a.m. Central Daylight Time) on April 28, 2021. The call also will be carried live on ONEOK’s website. The …
The State of Iowa, dependent on the ethanol industry which uses corn in its blending joined the EPA in a Supreme Court fight against granting more waivers from mandated ethanol production. Iowa Attorney General Tom Miller filed an amicus brief stating that the economic health of rural communities depends on the high court keeping …
Two Texas energy companies with pipeline operations extending to the Cushing hub in Oklahoma announced Friday plans to post a joint tariff for crude oil transportation service. Energy Transfer LP and Centurion Pipeline L.P. said the rates will be on service from ET’s terminals in Platteville, Colorado and Cushing to ET’s Nederland, Texas terminal. …
Iowa Gov. Kim Reynolds has one version of her controversial biofuels mandate plan across the state. Members of an Iowa state House committee have another. The Representatives have changed the governor’s plan, softening its impact on the state. Fuel retailers convinced legislators that under Gov. Reynolds’ plan, it would cost them $1 billion in …
Crude oil prices turned things around in Thursday’s trading, finished above $61 a barrel after Wednesday’s drop to around $59. West Texas Intermediate crude for May delivery shot up $2.29 to $61.45 a barrel in trading on the New York Mercantile Exchange. Global benchmark Brent crude had a good day as well, finishing up …
Oklahoma City’s Ascent Resources Utica Holdings, LLC announced Thursday it has wrapped up $68 million in senior notes it had issued to be due 2022. The company and its indirect wholly-owned subsidiary, ARU Finance Corporation closed on the remaining 10% senior notes due 2022. As a result, all of the 2022 notes have been …
The weekly rig report released by Baker Hughes Co. showed an increase of 13 drilling rigs nationally to reach a total of 430. Oklahoma numbers increased by two to reach a total of 19 rigs actively drilling for oil and gas in the state compared to 29 a year ago. Nationally, the number of …
Climate change will be the focus of the U.S. and nearly 50 countries next week as they hold webinars available to the public. The University of Oklahoma will host a free webinar next week where panelists will present specific and feasible steps Oklahomans can take to mitigate climate change. Set for 4 to 6 …
