Oklahoma’s oil and gas rig activity held steady in the past week with a count of 43 rigs, unchanged from the previous reporting period by Baker Hughes. It compared to Texas where the count grew by one to 285 rigs. New Mexico fell one to 103 and North Dakota held at 35 rigs. Louisiana …
Not only did a Tulsa federal judge rule this week that Enel Green Power has to remove 84 wind towers it installed years ago on Osage land in northeast Oklahoma, the firm and two of its subsidiaries owe more than $36 million in attorney fees. This is the case where the Osage Minerals Council …
This week’s decision by the Federal Reserve to cut interest rates combined with cautionary beliefs about weak economic activity and how it could hurt oil demands in the coming year sent crude oil prices slipping Thursday. One of those comments came from Chair Jerome Powell who warned Wednesday inflation was stubborn. Reuters reported …
A month after the Oklahoma Corporation Commission’s 2022 decision to prohibit winter securitization utilities from collecting tens of millions of dollars in franchise fees with municipalities was overturned by the state supreme court, the regulators got an earful this week about whether to dismiss the case still on the OCC books. Groups involved in …
Midship Pipeline announced an $80,000 donation to the American Legion Department of Oklahoma. Local American Legion posts in the eight counties where the pipeline operates will each receive $10,000 to meet critical needs as the American Legion lives out its mission and advocates for every generation of veterans, service members and their …
Oklahoma and 12 other Republican-led states were allowed by a federal judge this week to intervene in a new lawsuit brought by the Standing Rock Sioux Tribe against the Army Corps of Engineers in its continuing fight to close the Dakota Access Pipeline. Iowa, Georgia, Indiana, Kentucky, Louisiana, Missouri, Montana, Nebraska, Oklahoma, South Carolina, …
** Kinder Morgan (KMI) reached a final investment decision (FID) Dec. 19 for its $1.4 billion Mississippi Crossing Project (MSX), as the company pushes forward with plans to move more natural gas to the Southeast. MSX will be a 206-mile, 42- and 36-inch pipeline with an initial capacity of up to 1.5 Bcf/d of natural gas, reported …
A dip in U.S. crude inventories sent crude oil prices up on Wednesday. Prices also rose following an interest rate cut by the U.S.Federal Reserve. West Texas Intermediate crude rose 50 cents or 0.71T to $70.58 a barrel on the New York Mercantile Exchange. Global standard Brent crude managed a 20 cent or 0.27% …
The nation’s crude oil supplies made a tumble in the most recent reporting period cited by the U.S. Energy Information Administration. But the Cushing Hub recorded an increase. Stocks totaled 814.1 million barrels of crude oil as of the week of Dec. 13, down from 814.5 million barrels reported the previous week of …
Even as a major wind farm project is under construction in northern Oklahoma by Southwestern Electric Power Co. of Shreveport, Louisiana, the utility is seeking regulatory approval for an expansion of other projects in Texas. With customers in Arkansas, Louisiana and Texas, SWEPCO says it will be another year before its renewable energy …
