Crude oil prices took a major plunge on Thursday dropping nearly 7% and $5 a barrel in trading in the US. It was the fifth straight session for a decline as prices finished at their lowest in more than two weeks. West Texas Intermediate crude for April delivery dropped $4.60 to $60 a …
“We’re gonna learn from this.” It’s what Southwest Power Pool executive vice president Lanny Nickell told Oklahoma Corporation Commissioners during a Thursday power-point presentation and review of the SPP’s handling of rolling blackouts in the state during the February winter storm. One thing he learned—fingers of blame are not being pointed at any of …
A week after the nation’s oil and gas rig count indicated a loss in the numbers, a new Enverus Rig Analytics report shows an increase of four in the past week to 476. Enverus said the new figures were as of March 17 and indicated an increase of 5.5% in the past month, but …
The state of Colorado’s Air Pollution Control Division was sued this week by conservation groups over the division’s issuance of an air-pollution permit that could allow thousands of new oil and fracked gas wells in the state. The permit fails to consider whether air pollution from oil and fracked gas wells will create …
The leaders of a northern Colorado county took steps this week to stop the permitting of oil and gas and land use applications until the middle of April while revised regulations are handled. Larimer County Commissioners halted the “1041” land use applications until April 15. All three are Democrats and voted 3-0 in support …
The 2021 annual meeting of ONEOK, Inc. has been set for late May according to an announcement by the company. The virtual meeting only will be held at 9 a.m. Central Daylight Time on May 26. It will be virtual in keeping with the continued COVID-19 precautions taken by ONEOK. The company announcement stated …
Oklahoma joined several other states this week in suing the Biden administration over his decision to revoke a key permit for the Keystone XL pipeline, a move that in effect killed the line and left thousands out of work. Attorney General Mike Hunter joined the lawsuit that was filed in the United States District Court …
Crude oil prices bounced back after three days of losses at the end of Tuesday’s trading. Oklahoma energy prices responded with increases in some cases and losses in others. West Texas Intermediate crude for April delivery went up 18 cents to $61.67 a barrel. Global benchmark Brent crude for April delivery rose 13 cents …
Even as the Biden administration takes steps that oil and gas supporters contend will increase the nation’s reliance on foreign energy supplies, a US Senate committee this week held a hearing examining ways to reduce the country’s reliance on foreign supply chains and increase US manufacturing. Oklahoma Sen. James Lankford took part in the …
With a growing focus from financial institutions on climate change, another government agency is considering applying more pressure for companies to reveal their climate-related risks. The Securities and Exchange Commission, which deals with publicly-traded oil and gas firms, including those in Oklahoma plans to explore the issue. As The Hill reported this week, the …
