Complaints of angry landowners over Cheniere Energy’s failure to complete land restoration following construction of its 200-mile Midship pipeline in Oklahoma led a federal agency to order a prompt completion and have it done within at least 60 days. The Federal Energy Regulatory Commission on Friday took the action after angry farmers and other …
Category: Oil & Gas
Crude oil prices bounced back on Friday for slight recovery
Investors wait to see if Monday’s trading will restore crude oil prices after a slight bounce back on Friday following a big plunge on Thursday. West Texas Intermediate crude for April delivery rose $1.42 to reach $61.24 a barrel in trading on the New York Mercantile Exchange. Global benchmark Brent crude for May delivery …
Legislator urges more protection for Oklahoma’s oil and gas industry
State Rep. Mark McBride says the legislature must do more to protect Oklahoma’s oil and gas industry. Writing an opinion piece in the Saturday edition of The Oklahoman, McBride pointed to a bill he authored to prohibit the state from contracting with companies that engage in a boycott of the industry. Click here for …
Crude oil prices took a dramatic plunge in Thursday’s trading
Crude oil prices took a major plunge on Thursday dropping nearly 7% and $5 a barrel in trading in the US. It was the fifth straight session for a decline as prices finished at their lowest in more than two weeks. West Texas Intermediate crude for April delivery dropped $4.60 to $60 a …
SPP not pointing fingers over power crisis in Oklahoma
“We’re gonna learn from this.” It’s what Southwest Power Pool executive vice president Lanny Nickell told Oklahoma Corporation Commissioners during a Thursday power-point presentation and review of the SPP’s handling of rolling blackouts in the state during the February winter storm. One thing he learned—fingers of blame are not being pointed at any of …
Oil and gas rig numbers increased nationally in the past week
A week after the nation’s oil and gas rig count indicated a loss in the numbers, a new Enverus Rig Analytics report shows an increase of four in the past week to 476. Enverus said the new figures were as of March 17 and indicated an increase of 5.5% in the past month, but …
Conservation groups sue Colorado to stop oil and gas drilling
The state of Colorado’s Air Pollution Control Division was sued this week by conservation groups over the division’s issuance of an air-pollution permit that could allow thousands of new oil and fracked gas wells in the state. The permit fails to consider whether air pollution from oil and fracked gas wells will create …
Drilling moratorium declared by northern Colorado county
The leaders of a northern Colorado county took steps this week to stop the permitting of oil and gas and land use applications until the middle of April while revised regulations are handled. Larimer County Commissioners halted the “1041” land use applications until April 15. All three are Democrats and voted 3-0 in support …
ONEOK’s annual meeting date set
The 2021 annual meeting of ONEOK, Inc. has been set for late May according to an announcement by the company. The virtual meeting only will be held at 9 a.m. Central Daylight Time on May 26. It will be virtual in keeping with the continued COVID-19 precautions taken by ONEOK. The company announcement stated …
AG Hunter joins lawsuit against Biden over Keystone Pipeline
Oklahoma joined several other states this week in suing the Biden administration over his decision to revoke a key permit for the Keystone XL pipeline, a move that in effect killed the line and left thousands out of work. Attorney General Mike Hunter joined the lawsuit that was filed in the United States District Court …