Tulsa’s Empire Petroleum Corporation announced the addition of two members to its board of directors—industry executives Phil Mulacek and Ben Marchive. They joined the board immediately this week after getting unanimous approval. “It’s been a pleasure to work with Phil over the last year, first as joint development partner in our Fort Trinidad Field, …
Category: Oil & Gas
Completions and new drilling in Oklahoma
Sometimes multi-wells drilled on a single pad don’t produce what was anticipated proving that drilling can be a risky business. Such is the case in Carter County where Kodiak Oil & Gas Inc. drilled four wells on a single pad at 27 4S 2W, a site at the northeast side of the town of Wilson. All …
Drilling growth expected in the Balkan
The newspaper, the Williston Herald in western North Dakota closely follows energy developments in the Bakken where Oklahoma energy producers are no strangers. Renee Jean, assistant managing editor had her take on the state’s newest energy developments in her Energy Chaser column this week and we pass along what she had to write: One …
Dividend declared by ONEOK
The board of directors of ONEOK, Inc. declared a quarterly dividend of 93.5 cents per share, unchanged from the previous quarter, resulting in an annualized dividend of $3.74 per share. The dividend is payable Nov. 15, 2021, to shareholders of record at the close of business Nov. 1, 2021. ONEOK, Inc. is a leading midstream service provider and …
Oil and gas mergers slowed by Biden administration
The Biden administration is putting the slow-down on several mergers of oil and gas companies as it continues its moves against the industry. Reuters reports that antitrust regulators extended the approval process for at least five oil and gas mergers and acquisitions over the past three months. Among the proposed transactions that received second …
Cushing oil hub continues to see drop in crude storage
The nation’s crude oil in storage dropped again in the past week as did the amount of crude at the Cushing hub in northern Oklahoma. The U.S. Energy Information Administration said the total US commercial crude oil inventories fell by 0.4 million barrels from the previous week. The Cushing hub had a reported 31.2 …
US crude pushes $84 a barrel
With a drop of 431,000 barrels in storage in the past week in the US, crude prices rallied Wednesday with West Texas Intermediate settling close to $84 while overseas prices finished at nearly $86 a barrel. West Texas Intermediate crude for November delivery closed up 1.1% or 91 cents at $83.87 a barrel on …
DEQ offers funds to replace aging school bus diesel engines
More than $734,000 in funding is now available from the Oklahoma Department of Environmental Quality through its program to replacing older diesel school buses with engines. The Oklahoma Clean Diesel Program/DERA makes money available to install new diesel, gasoline, all-electric, propane or natural gas school buses. The Clean Diesel/DERA program is offering $734,342 …
Cushing hub to see more Canadian crude?
The amount of crude oil carried by rail in the U.S. could drop following the flow of crude oil through the Enbridge Inc. Line 3 replacement pipeline, reported the U.S. Energy Information Administration. It will also increase the flow of oil to the Cushing oil hub in northern Oklahoma as the start of the …
Nation’s wind farm CEOs are well paid
A new report indicates the executive leaders of some of the nation’s renewable energy companies are some very high paid CEOs while at the same time, OGE employees are doing nicely. The report by S&P Global Market Intelligence found NextEra Energy Inc., the Florida-based energy company with several wind farms operating in Oklahoma had …