Crude oil prices took another dip in Tuesday’s trading as U.S. crude fell below the $60 mark. West Texas Intermediate crude for April delivery dropped 89 cents to $59.75 a barrel in trading on the New York Mercantile Exchange. Brent crude for May delivery, considered the global benchmark dropped 99 cents to $62.70 a …
Customers of Oklahoma Natural Gas won’t be seeing any immediate increase in their monthly bills after the utility was hit with an estimated $1.5 billion in extraordinary gas costs during the February winter storm. The Oklahoma Corporation Commission in a 3-0 vote on Tuesday approved a financial maneuver that allows ONG to “park” the …
A lawsuit filed by Tulsa-based White Buffalo Environmental, Inc. against former employees in Texas and New Mexico is being transferred to New Mexico federal court on orders of Tulsa federal Judge Gregory K. Frizzell. The lawsuit filed by company president Steve McFarlin accused former employee Natalie Gladden and others of conspiring in 2019 to …
Republicans in the Colorado State Senate fought the appointments of Gov. Jared Polis to the Colorado Oil and Gas Conservation Commission but in the end, their arguments over the lack of appointees from rural areas of the state fell by the wayside. The Colorado Senate approved the panel of so-called experts who will make …
An Iowa company launched a huge $2 billion effort to capture carbon dioxide from 17 Midwestern ethanol plants and pipe it to North Dakota for storage deep underground. Summit Carbon Solutions is behind the effort which could be operational by 2024.It would require a pipeline to be constructed from Iowa to North Dakota. It …
When Love’s Travel Stops and Country Stores Inc. started trucking in gasoline to its 75 locations in Texas, it was part of a first in Texas in decades and revealed just how badly the state was harmed by the recent winter storm. It meant Texas was being forced to truck in gasoline from other …
Reports indicate that 150 WPX Energy workers in Tulsa will move to Oklahoma City to become employees of Devon Energy following its recently-completed acquisition of WPX. The Tulsa World reported that 250 other workers will either retire or leave the company this year. More than half of the 250 did not want to relocate …
What caused the latest slip in crude oil prices in the U.S. and Europe? Reports suggest it is growing fears that the crude oil consumption by China is slowing and that OPEC might increase its global supply after meeting this week. As OK Energy Today reported earlier, Brent crude fell 1.1% on a 73 …
Tulsa’s Blueknight Energy Partners, L.P. announced it wrapped up its $132 million sale of its crude oil terminalling segment to Enbridge, Inc. With the completion, Blueknight has exited its crude oil business turning it into a pure-play terminalling company focused on infrastructure and transportation end-markets. “Exiting our crude oil businesses has been a top …
As ONE Gas leaders take part in another conference seeking new investors, they say the company suffered $2.2 billion estimated costs of natural gas purchases for the month of February 2021, mostly due to the winter storm and borrowed money to pay for it. Leadership will take part Tuesday in the BofA Securities Power, …
