Kansas City-based Tallgrass pipeline operator is taking a second look at its $30 million land acquisition to build a new terminal at a site about 30 miles south of New Orleans. Purchased 3 years ago, the 600 acre site was meant to be where Tallgrass would build the Plaquemines Liquids HarbourTerminal, an operation capable …
Category: Oil & Gas
Baker Hughes rig numbers grow nationally—steady in Oklahoma
The weekly rig report released by Baker Hughes shows an increase nationally while the count in Oklahoma remained steady at 44. Oklahoma’s count was unchanged from a week ago and also from the previous week, based on numbers offered by Baker Hughes. Nationally, numbers increased by 7 to 563 oil and gas rigs which …
Headlines of other energy stories
** The Build Back Better bill passed Friday in the House could expand tax credits on some EV models to up to $12,500 and make it easier for more people to qualify. ** The surging cost of gasoline and home-heating fuel is a political problem in itself. Energy is 7% of the typical family’s budget, and …
Colorado natural gas producer honored by UN
A U-N-related climate organization has honored the 7-year old Denver-based Jonah Energy company for its plans to reduce methane emissions. It was the first U.S. company to receive the honor from the International Methane Emissions Observatory reported the Denver Business Journal. Click here for Denver Business Journal.
FERC blames natural gas sector in February power outages
Federal energy regulators were blunt in their blame of the February deadly winter freeze and the power crisis it caused in Texas—the natural gas sector. The Federal Energy Regulatory Commission says blame rests all the way up the natural gas chain from producers at wellheads up to gas-fired electrical power plants. The Federal Energy …
Oil prices rebounded but OK energy stocks lost in Thursday’s trading
After hitting their lowest levels in nearly 6 weeks, crude oil prices on Thursday rebounded in the U.S. and globally. But it wasn’t enough to help Oklahoma energy stocks as several experienced losses for the day, including one with a 16% drop in share prices. West Texas Intermediate crude for December delivery managed a …
Enverus reports rig count is down in US
The number of oil and gas rigs running in the U.S. fell by nine in the last week to a total of 653 as of Nov. 17, according to Enverus Rig Analytics. At the same time, the weekly report showed a slight uptick in drilling activity in Oklahoma’s Anadarko Basin. Enverus stated there was …
Delayed vote on Interior nominee who is opposed by GOP Senators
Oklahoma Sen. James Lankford and others on a Senate Committee will try a third time to hold a confirmation vote on another Biden nominee for the Interior Department. A vote had been scheduled this week for Laura Daniel-Davis in the Senate Energy and Natural Resources but the vote was rescheduled because a senator needed …
Crude keeps flowing in North Dakota
It’s always interesting to see how the efforts of Oklahoma energy firms play out in North Dakota where they’re active in helping the state vie to be either the second or third largest oil-producing state in the U.S. They’re usually mentioned in the weekly Energy Chaser written by Renne Jean, Assistant Managing Editor of …
EIA predicts crude oil prices will fall and Cushing inventories will climb next year
The U.S. Energy Information Administration is out with its crude oil forecast for 2022, suggesting the demand that caused lower inventory levels in Cushing and elsewhere and higher crude oil prices will swing dramatically in the coming months. The EIA’s Short-Term Energy Outlook (STEO) predicts rising production from OPEC+ countries and the U.S. will eventually …