Category: Oil & Gas

Regulators Halt Energy Transfer’s Rover Pipeline Construction in Ohio Until Cleanup Complete

Federal and state regulatory officials ordered Dallas-based Energy Transfer Partners to complete cleanup and remediation efforts on an Ohio spill before receiving the greenlight to proceed with construction of its $4.2 billion Rover Pipeline in the Buckeye State. On July 12, OK Energy Today reported that the state of Ohio was demanding nearly $1 million …

Continue reading »

Chesapeake Declares Quarterly Preferred Stock Dividends

Oklahoma City-based Chesapeake Energy Corporation announced Friday that its Board of Directors has declared dividends on its outstanding convertible preferred stock issues, as stated below.   4.50% 5% 5.75% 5.75% (Series A) NYSE Symbol CHK Pr D N/A N/A N/A Date of Original Issue September 14, 2005 November 8, 2005 May 17, 2010 May 17, 2010 …

Continue reading »

North American Rig Count: Canada Leads With 15, U.S. Drops 2

Canada continues to show strong growth while the U.S. drops two active rigs, according to data released by Houston’s Baker Hughes Company. A surge of 15 new rigs were added by Canada last week, raising the total rig count to 206, Compared with last year’s figures, the Canadian rig count has nearly doubled since last …

Continue reading »

WTI and Brent Crude Sink and Settle Above $45 a Barrel on Friday

Crude oil ended at its lowest level in nearly a week on Friday, with expectations for a rise in OPEC output pressuring prices ahead of a Monday meeting, according to Bloomberg MarketWatch. On the New York Mercantile Exchange, September West Texas Intermediate crude lost $1.15, or 2.5%, to settle at $45.77 a barrel. For the week, …

Continue reading »

Williams Files FERC Application for North Seattle Upgrade Project

Tulsa-based Williams Partners L.P. recently announced that Northwest Pipeline has filed an application with the Federal Energy Regulatory Commission seeking authorization for its North Seattle Lateral Upgrade project in south Snohomish County, Washington. Northwest executed agreements with Puget Sound Energy for an expansion project on delivery capabilities of Northwest Pipeline’s North Seattle Lateral, which serves …

Continue reading »

Plains All American Pipeline Announces Expansion Plans

Houston-based Plains All American Pipeline, L.P. will add 120,000 barrels a day in pipeline capacity as it expands from the Permian Basin between Midland to the crude oil storage facility located in Cushing, Oklahoma. The pipeline company announced Tuesday that it has obtained additional commitments to expand the Sunrise pipeline by 180 miles between Colorado City …

Continue reading »

U.S. House of Representatives Passes Two Energy Permitting Bills

The U.S. House of Representatives passed two bills late Wednesday aimed at streamlining the permit process for pipelines and related energy infrastructure. H.R. 2910 (115) – identified as the Promoting Interagency Coordination for Review of Natural Gas Pipelines Act – was introduced on June 15, 2017 by Rep. Bill Flores (R-Texas). The bill would bolster …

Continue reading »

PA Catholic Nuns File Lawsuits Against FERC, Williams Natural Gas Over Outdoor Chapel

An order of Catholic nuns in Pennsylvania recently filed separate legal actions against Tulsa-based Williams Natural Gas and the Federal Energy Regulatory Commission in opposition to a planned easement for the Atlantic Sunrise pipeline. The Adorers of the Blood of Christ — an order of Catholic sisters with regional offices in St. Louis – filed …

Continue reading »

Brent Crude Nears $50 a Barrel on Wednesday

Oil futures settled at their highest level in about six weeks Wednesday after government data revealed a significant drop in domestic crude stockpiles for a third consecutive week, according to Bloomberg MarketWatch. On the New York Mercantile Exchange, August West Texas Intermediate crude tacked on 72 cents, or 1.6%, to settle at $47.12 a barrel. The …

Continue reading »

Blueknight Declares Quarterly Cash Distribution for 1Q 2017

Oklahoma City-based Blueknight Energy Partners, L.P. announced Tuesday that its general partner board has declared a quarterly cash distribution on the Partnership’s common units of $0.1450 per common unit, unchanged from the Partnership’s first quarter 2017 distribution, as well as a quarterly cash distribution on the Partnership’s preferred units of $0.17875 per preferred unit, according …

Continue reading »