The Oklahoma Corporation Commission has launched a campaign to attract private firms interested in helping with the state’s federally-funded well plugging program. In a recent announcement, the Commission explained that the state issued a “new solicitation” for those interested in becoming part of the program under the Infrastructure Investment and Jobs Act. In the …
Category: Oil & Gas
Corporation commissioners stick to state’s Open Meeting Act
Theoretically, if two of Oklahoma’s three Corporation Commissioners hold even an informal gathering where issues at hand are discussed, it is considered an illegal meeting. Such is the case in point raised last week during the contentious public discussion prior to the commission’s 2-1 vote in favor of approving nearly $6.6 billion in fuel …
Fatigue crack blamed for massive oil spill on Keystone pipeline in Kansas
The formal determination of the cause of the Keystone Pipeline leak that flooded 500,000 gallons of crude oil into a Kansas creek last December was announced Friday by operator TC Energy. “The primary cause of the rupture was a progressive fatigue crack that originated at a girth weld connecting a manufactured elbow fitting to …
Sputtering investigations into winter storm costs
Depending on how you look at it, the Oklahoma Corporation Commission’s “handling” or “mishandling” of the 2021 Winter Storm Uri costs and how they are being passed along to consumers, is similar to how Texas authorities took care of the situation. Vows to get to the bottom of things were at best, not kept. …
Williams and other firms make $9 million settlement over air pollution
Tulsa’s Williams Companies was one of three companies reaching a more than $9 million settlement with the federal government for air pollution at gas processing plants and compressor stations. Williams and MPLX LP and WES DJ Gathering LLC fka Kerr-McGee Gathering L agreed to pay a combined $9.25 million in civil penalties and make improvements …
Oil and gas rig activity rebounds in Oklahoma and the nation
For the first time in a month, the nation’s oil and gas rig count rebounded as did the number of active rigs in Oklahoma in the past reported Baker Hughes Co. on Friday. Oklahoma saw a gain of one rig to reach 56 total. A year ago, there were 51 rigs in the state. …
Fast energy reads
** The Biden administration is planning to announce strict carbon limits on existing and future power plants for the first time — plants which currently generate 60 percent of America’s electricity.Three people briefed on the administration’s plans told the New York Times that under the EPA’s new rules, almost all coal and gas-fired power plants would have to cut …
Crude finished week with a loss despite weak gain on Friday
While crude oil prices rose less than a dollar on Friday, they still finished the week with a loss. Uncertainty about the world economy weighed heavily on the minds of investors West Texas Intermediate crude for June deliveries finished up 74 cents or 0.96% to close at $78.11 a barrel on the New York …
Crude oil fell another 2% in Thursday’s trading and OK energy stocks continued struggles
An increase in the nation’s gasoline inventories is blamed for a $20 a barrel drop in crude oil prices on Thursday. The gain in the amount of gasoline added to continuing and nagging fears of a possible recession in the U.S. West Texas Intermediate crude fell $1.87 or 2.4% to $77.29 a barrel in trading …
Senators say gas stove ban is another government “overreach”
Oklahoma U.S. Sens. James Lankford and Markwayne Mullin think the Department of Energy ban on the sale of nearly all gas stoves in the country is not only “misguided,” but “illogical and harms hard-working Americans that are already struggling due to skyrocketing inflation.” It’s what they wrote in a letter sent this week to …
