Just as gasoline prices plunged 31% in the past year across the U.S., falling from more than $5 a gallon to about $3, so have diesel fuel prices paid by most truckers. The average price for a gallon of diesel fuel in Oklahoma was $3.44 as of Tuesday, two cents cheaper than a week …
Category: Oil & Gas
Oil companies race to grab land for deep storage of carbon dioxide
The latest land grab by oil and gas companies? It’s the storage of carbon dioxide and the big energy giants are eager to lease land for deep storage of CO2. Just as Oklahoma farmers and ranchers experienced high dollar leases offered to them several years ago when the STACK and SCOOP plays gave birth …
Coterra Energy and the politics of drilling in Pennsylvania
The Houston oil and gas firm Coterra Energy is known in Oklahoma for its exploration in the Anadarko Basin. But it seems the company’s historic settlement made last fall to pay more than $16 million to build a public water line in Dimock, Pennsylvania has turned into a political football for Gov. Josh Shapiro. …
Oklahoma to use sale of carbon credits to plug abandoned wells
If former Vice President turned environmentalist Al Gore can buy carbon credits to offset his massive electricity use at his Tennessee mansion and his trips around the world, then perhaps the same maneuver can be used in the plugging of abandoned wells in Oklahoma. Sounds far fetched? Not really. As the Oklahoman reported this …
ONEOK and Magellan make proxy filings in their proposed $19 billion merger
Proxy statements are on file for shareholders of ONEOK and Magellan Midstream Partners, L.P. to decide whether to approve ONE’s $18.8 billion acquisition of the Tulsa-based company. Filings were made this week with the Securities and Exchange Commission but they did not specify any date or time of the shareholder meetings. “We are requesting …
Energy briefs
** Missouri regulators approve a $140 million rate increase for Ameren Missouri that environmental groups say will require the utility to report avoided costs if two coal plants shut down early. ** Four townships in an eastern Ohio county will hold public hearings this summer on whether to ban large-scale wind and solar projects. ** Eight Baltimore community organizations intend …
Thousands of new jobs could be created in methane targeting effort in Texas
While Oklahoma is pursuing a possible carbon credit program in an effort to reduce methane emissions from abandoned wells, a new report suggests Texas might create a new industry to target similar leaking wells. A report from the University of Texas and the Texas Climate Jobs Project says it is possible because of the …
Oklahoma regulators to meet Tuesday
Oklahoma Corporation Commissioners meet Tuesday afternoon to handle a number of requests to plug abandoned wells and to consider approval of a request for a protective order sought by Oklahoma Gas and Electric. The agenda showed the request by the commission’s own staff to plug 10 abandoned wells located in Garfield County. The OG&E …
KBR wins contract as part of new refinery planned for Cushing
Houston’s KBR was awarded a feasibility study contract as part of the Southern Rock Energy Partners refinery to be built in Cushing. Southern Rock announced earlier in the month it planned to create a first-of-its kind refinery at the Cushing Hub. Southern Rock’s proposed 250,000bpd refinery will be powered by solar, wind, waste …
Alliance Resources moves to redeem senior notes and reduce debt
The major coal mining company headquartered in Tulsa, Alliance Resource Partners, L.P., announced plans to redeem $50 million in senior notes due in two years. It’s seen as a step toward reducing company debt. The redemption involves the company’s 7.500% Senior notes which represent 12.5% of the $400 million in principal of notes that …