Already one of the largest public core depositories in the U.S., the Kansas Geological Society’s drill core library is about to get bigger. Construction to expand the library, which already has more than 73,000 boxes of rock, is set to begin early in 2025 at the University of Kansas campus in Lawrence, Kansas. …
Category: Oil & Gas
Energy briefs
** An Enbridge pipeline leaked 70,000 gallons of oil last month in southeastern Wisconsin, the worst oil spill in the state’s history. ** Sources say the U.S. EPA plans to allow California to implement stronger-than-federal auto emissions rules and to enforce its ban on new gasoline car sales by 2035, but the U.S. Supreme Court voted to consider an …
After Friday’s strong trading, crude oil dropped on Monday
Monday produced another decline in crude oil prices, largely because of weakness in consumer spending in China, the largest oil importer in the world. Investors also paused buying as they await the interest rate decision by the U.S. Federal Reserve. The U.S. standard, West Texas Intermediate, fell 58 cents or 0.8% to settle …
Former GOP chairwoman named to board of directors at Alliance Resources
A new member has been named to the Board of Directors of Alliance Resource Partners, L.P. in Tulsa and she’s a former national Republican party leader, one who was considered a big supporter of Donald Trump in his Presidential campaign. The company said Ronna R. McDaniel’s appointment was effective Dec. 11. She chaired the …
Sustainability report released by Helmerich and Payne
Tulsa’s Helmerich & Payne has released its 2024 Sustainability Report. The report outlines H&P’s sustainability efforts and performance for its fiscal year ended Sept. 30, 2024. “I am pleased to share H&P’s 2024 Sustainability Report, which highlights the progress we’ve made over the past year in advancing our sustainability efforts and delivering responsible energy …
NGL hands out distributions
A quarterly distribution was announced by NGL Energy Partners LP in Tulsa. The Board of Directors of its general partner declared the distribution for the quarter ending Dec. 31, 2024 to be paid to the holders of the Partnership’s 12.068% Class B Floating Rate Cumulative Redeemable Perpetual Preferred Units and the 11.977% Class C …
Energy briefs
** The House Judiciary Committee said it’s found “substantial evidence of collusion and anticompetitive behavior” by the financial industry to “impose radical ESG-goals” on US companies. An interim report published by the Republican-led committee said “a cartel” of financial firms and climate activists sought to replace Exxon Mobil Corp. board members in 2021 after the …
ONG echoes national reports of natural gas savings this winter
Oklahoma Natural Gas is making sure its Oklahoma customers were aware of recent predictions that natural gas users across most of the U.S. should see lower bills this winter. In a Monday release, ONG cited a Department of Energy report that natural gas will save Oklahomans up to $700 in heating costs. In its …
Big fine for Exxon Mobil upheld by Appeals Court
Exxon Mobil’s appeal of a more than $14 million fine for thousands of air quality violations at a Texas refinery and chemical plant complext was rejected by a federal appeals court in the past week. The appeal was over a 2021 ruling by a judge who imposed the $14.25 million fine over the energy …
Crude rose 2% on Friday while OK energy stocks dropped
The prospects of more sanctions against Russia and Iran sent crude oil lprices up more than 2% on Friday. The gains were in response to additional sanctions implemented in Europe as traders said it could lead to tighter supplies and maybe lower interest rates. West Texas Intermediate crude, the U.S. benchmark, finished up $1.27 …