The Metal Information Sharing Team (MIST), in partnership with Continental Resources, Coterra Energy, Devon Energy, ONEOK and Ovintiv, hosted a free one-day training symposium focused on preventing crimes that threaten Oklahoma’s oil and gas industry. The eight-hour, CLEET-certified training, held at the Canadian County Expo and Event Center in El Reno, brought together …
Category: Oil & Gas
Oil prices hit one-week high on Thursday ahead of Trump-Putin meeting
A one-week high was reached Thursday by crude oil prices as they rose nearly 2% upon President Trump’s warning of “severe consequences” if his approaching talk with Russia’s Vladimir Putin fails to bring an end to the war in Ukraine. Plus, traders were buoyed by the prospects of a U.S. interest rate cut …
Data centers are power hogs, but in many cases regular customers are paying the bills
By Mike W. Ray Southwest Ledger Research indicates the brunt of the increased cost of artificial intelligence that has spurred development of data centers and a surge in electricity consumption is falling not on major corporations, but on regular energy consumers – primarily residential and commercial customers. As of July, the United States …
Texas regulators warn of toxic wastewater leaks in Permian Basin
Oil and gas operators in the Permian Basin of west Texas got a warning this week from the Railroad Commission of Texas about growing underground pressure caused by wastewater disposal wells in the region. And it’s impacting some Oklahoma operators in the Basin. Regulators went so far as to suggest the toxic wastewater from …
Texas utility commission sues Texas attorney general to avoid releasing data on crypto companies’ power use
A newspaper’s request for public information about data on cryptocurrency mining led to a lawsuit filed by the Texas Public Utility Commission against Attorney General Ken Paxton who contended the information should be released. The request came from the Texas Tribune and some other news outlets but the Public Utility Commission argued the …
Drummond secures reversal of protections for lesser prairie chicken
Attorney General Gentner Drummond is celebrating a significant win for Oklahoma’s agricultural and energy sectors, as a federal court has vacated the Biden-Harris administration’s rule that listed the lesser prairie chicken as an endangered species. A U.S. District judge on Tuesday ruled in favor of Oklahoma, Texas and Kansas, finding that the U.S. …
Energy briefs
** The Trump administration will make available $1 billion in funding to accelerate the growth of the U.S. critical minerals and materials sectors, the Energy Department said in a statement on Wednesday. ** Transportation Secretary Sean Duffy is revealing more details about his department’s plan to fix the nation’s air traffic control system – and a big part …
Seaway pipeline from Cushing south suffers oil leak in Texas
A leak in the Seaway pipeline that carries oil from the Cushing Hub in northern Oklahoma into Texas resulted in a drop in the amount of oil flowing. The pipeline’s operator reported a leak on the system to state regulators. The line normally carried 950,000 barrels a day from Cushing to …
Oil prices saw only a small decline ahead of Trump’s meeting with Putin
Crude oil prices held mostly steady on Wednesday, experiencing less than a 1% drop as traders remained unsure ahead of Friday’s meeting in Alaska between President Trump and Russian leader Vladimir Putin. The two intend to talk about ending the war in Ukraine. The steady price levels came after data from the American …
Crude stocks gained at Cushing Hub and nationwide
Crude oil stocks rebounded in the past week, both across the U.S. and at Oklahoma’s Cushing Hub. The U.S. saw a gain of 3 million barrels from the 423.7 million barrels recorded as of August 1 to 426.7 million barrels as of August 8, reported the U.S. Energy Information Administration. The nation’s crude oil …