** The Standing Rock Sioux Tribe files a new lawsuit claiming the Dakota Access pipeline is operating illegally after the U.S. Army Corps of Engineers flouted regulations to allow the project. ** The Port of Corpus Christi and its customers moved 53 million tons through the Corpus Christi Ship Channel in the third quarter of 2024, a …
Category: Oil & Gas
Crude oil plunged 4% on Tuesday and took some OK energy stocks along for the ride
Tuesday wasn’t kind to crude oil prices as they slid more than 4% to nearly a two-week low. It also paved the way for some big losses among Oklahoma energy stocks. The fighting in the Middle Easst and reports that Israel’s Prime Minister Netanyahu told President Biden any attacks on Iran would avoid oil …
ONEOK completes $3.3 billion acquisition after government waiting period
ONEOK, Inc. announced the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 and the successful completion of its acquisition of Global Infrastructure Partners’ entire interest in EnLink Midstream, LLC, for a total cash consideration of approximately $3.3 billion. The acquisition consists of 43% of EnLink’s outstanding common units for $14.90 per …
New board member at American Gas Association is ONE Gas CEO
The American Gas Association (AGA) Board of Directors has elected Lloyd Yates, President & Chief Executive Officer of NiSource Inc. in Columbus, OH, to be Chair of the Board for 2025. For the coming year, the AGA’s Board Officers will also include First Vice Chair Sid McAnnally, President & CEO of ONE Gas, Inc. based …
Judge approves final settlement in 2013 Mayflower oil spill in Arkansas
Eleven years after more than 200 gallons of crude oil leaked out of what was called the Pegasus Pipeline in Mayflower, Arkansas and forced the evacuation of nearly two dozen homes, a settlement in the case has been approved by a federal judge. Chief Judge Kristine G. Baker said she found the agreement to …
Alliance Resources to reveal 3Q earnings report in late October
After recording a nearly 8% drop in total revenues in its second quarter, Tulsa-based Alliance Resource Partners, L..P. prepares to unveil its third quarter 2024 financial results. One of the largest coal-operating companies in the U.S., Alliance will report the results before the market opens on Monday, Oct. 28. Company management will hold a …
Energy briefs
** More than 550 incarcerated men suffered in North Carolina prison cells without lights or running water for five days after Helene, until they finally were transferred to different facilities. ** Chevron announced a donation of $250,000 to support relief and recovery efforts after Hurricane Milton devastated parts of Florida. The funds will provide support for emergency …
Permian Basin sees increased drilling activity
Without a doubt, the Permian Basin is the most active of all oil and gas plays in the U.S. and it was evidenced this week by the latest Baker Hughes Co. rig report which showed there are 304 active rigs in the play. How active? Consider this—the second most active oil and gas play, …
Legislator to explore transmission corridor, beef and property rights
A proposed national electric transmission corridor across Oklahoma will be among the topics Rep. Justin Humphrey of Lane will discuss during a legislative study on Wednesday. The Republican legislator intends to examine federal and state regulations regarding the transmission corridor as well as global initiatives opposing beef production and property rights. Speakers and topics …
Judge to consider request to dismiss Attorney General’s 2021 winter storm natural gas lawsuit
An Osage County District Court judge will hold a hearing Tuesday afternoon on a move to dismiss the lawsuit brought by Oklahoma Attorney General Gentner Drummond against some energy producers who were accused of manipulating natural gas prices during the 2021 winter storm Uri. Judge Stuart Tate set the hearing for 3 p.m. Tuesday …