A Friday night oilfield tank battery explosion is under investigation by firefighters in El Reno. The explosion happened at a site near SW 27 and S. Airport Road. KOCO TV reported one homeowner caught the explosion on camera. No injuries were reported and firefighters let the fire burn itself out.
Category: Oil & Gas
OGE warns customers of reported scams in the state
Oklahoma Gas & Electric Company (OG&E) is reminding customers to be aware of scams targeting residents across its service area. Customers have notified OG&E about payment scams and the electric company wants customers to stay safe and aware. “OG&E has safe, convenient options for our customers to pay their bill. Unfortunately, bad actors …
Crude oil prices rose Friday on report Iran is planning another attack on Iraq
A published report indicating Iran is planning a retaliatory strike against Iraq sent crude oil prices up on Friday. The report by Axios indicated Iran plans a strike through militias it backs in Iraq.It reportedly will use drones and ballistic missiles. West Texas Intermediate crude rose 23 cents or 0.33% to close at $69.49 …
State regulators approve scaled-down Summit Utilities rate increase
By Mike W. Ray Southwest Ledger The state Corporation Commission authorized Summit Utilities Oklahoma to boost its rates by $11.8 million, which was $4.9 million less than the $16.7 million the company initially requested. The average rate increase for a residential customer will be $7.61 per month, said Sheri Richard, Summit’s director of Regulatory …
500 losing their jobs as ConocoPhillips takes over Marathon Oil
More than 500 employees of Marathon Oil are being layed off as part of the firm’s acquisition by ConocoPhillips. The layoffs will be in Houston, according to Marathon Oil in a notification of the layoffs with the Texas Workforce Commission. The Worker Adjustment and Retraining NOtification Notice (WARN) did not give a speific …
Crude oil prices jump up on word of possible end to some Middle East fighting
The prospects of an end to some of the fighting in the Middle East sent crude oil prices up by more than 2% on Thursday. West Texas Intermediate crude rose $1.80 a barrel or 2.62% to close at $70.41 on the New York Mercantile Exchange. Brent crude gained 61 cents or 0.84% and closed …
Attorney General shuts down Corporation Commissioner’s own probe of allegations against Todd Hiett
A legal opinion issued this week by Oklahoma Attorney General Gentner Drummond slammed the door closed on an investigation by Corporation Commissioner Bob Anthony into the drinking and sexual abuse allegations against fellow commissioner Todd Hiett. In an opinion sought by Commissioner Chair Kim David on Aug. 27 and handed down on Wednesday, Drummond …
ONEOK finishes nearly $3 billion acquisition of more pipeline in the Permian Basin
ONEOK, Inc. announced it completed its $2.6 billion acquisition of Medallion Midstream from Global Infrastructure Partners, a move that increased the Tulsa company’s extensive pipeline system in the oil and gas industry. The acquisition of Medallion includes more than 1,200 miles of crude oil gathering pipelines providing approximately 1.3 million barrels per day of …
State regulators couldn’t agree on an OGE rate hike request—delayed their vote
Even as three state legislators attempt to block Oklahoma Corporation Commissioner Todd Hiett from voting on rate cases for OGE, ONG and PSO, Hiett was prepared Wednesday to cast a vote on a $127 million rate hike for Oklahoma Gas and Electric. But it didn’t happen because of a difference of opinion with Commission …
Energy briefs
** Ford plans to idle a Detroit-area electric truck plant for weeks as it contends with softer-than-expected EV sales. ** Occidental Petroleum nears completion of a direct-air carbon capture facility in Texas that would be the first large-scale facility to remove carbon dioxide directly from the air; the company plans to build dozens more. ** The U.S. Department …