The Kansas Corporation Commission has rejected the efforts of a consumer advocacy group to explore the records of a utility after its customers were hit with $1 billion in natural gas bills during the February winter storm. Click here for Lawrence Journal-World
Category: Oil & Gas
Energy news in brief
**Royal Dutch Shell Plc is gearing up to restart oil pipelines off the U.S. Gulf Coast, potentially moving the region’s top driller one step closer to restoring some production shut by Hurricane Ida. Most of the pipelines will be ready to operate within a week, according to a person familiar with the matter. **OPEC could revise …
Baker Hughes rig count increases in US—holds steady in Oklahoma
The latest Baker Hughes rig report showed the rig activity in Oklahoma remained at 32, unchanged from a week ago while the nationwide count increased by 6, reaching a total of 503 rigs. The U.S. count included 7 more oil rigs to reach a total of 401 while the number of gas rigs declined …
Natural gas-fired power burn sets June record
Natural gas-fired power generation across all sectors averaged 5.0 million megawatthours (MWh) per day in June 2021, 4% higher than the previous average June record set in 2020 reported the U.S. Energy Information Administration’s Electric Power Monthly. Despite daily natural gas spot prices at the Henry Hub averaging $3.26 per million British thermal units (MMBtu)—twice as …
Oil rallied on tight U.S. supplies but the rally didn’t help Oklahoma energy stocks
The growing signs of crude oil supply tightness as a result of Hurricane Ida in the U.S. caused oil prices to reach nearly $73 a barrel on Friday. West Texas Intermediate crude rose 2.3% or $1.58 to finish the day at $69.72 a barrel. Global benchmark Brent crude made the same 2.3% gain on …
Crude oil prices fell to two-week low
A decision by China to release state oil reserves resulted in a nearly 2% drop in U.S. crude oil prices in Thursday’s trading while Oklahoma energy stocks had a mixed response. West Texas Intermediate crude dropped 1.7% or $1.16 to finish the day at $68.14 a barrel. Global benchmark Brent futures fell $1.15 or 1.6% …
Biden to force 80 million private sector workers to get COVID vaccine
Those energy companies with at least 100 employees or more will apparently fall under the latest government edict coming from the Biden administration for COVID-19 coverage. How their leadership will react remains to be seen but Axios reported Thursday that the mandate will apply to more than 80 million Americans working the private sector. …
More Carter County drilling planned in Southern Oklahoma
Here’s where some of the latest drilling will take place in Oklahoma according to drilling permits approved by state regulators. Kodiak Oil and Gas received yet another permit to drill in Carter County. The HHU #826 is located at 27 4S 2W or about a mile northeast of the Black Gold Casino in Wilson. In adjacent Garvin …
Missouri natural gas pipeline operator loses court appeal
U.S. natural gas company Spire Inc. lost a round in federal appeals court this week where it is fighting a June ruling to shut down its STL natural gas pipeline in Missouri. Reuters reported that two panels of judges of the U.S. Circuit Court of Appeals for the D.C. Circuit rejected intervenor Spire’s petition …
Benton, Arkansas plant acquired by chemical maker
An Arkansas materials processing plant formerly owned by French proppant manufacturer Saint-Gobain has been acquired by specialty chemical producer U.S. Vanadium. The plant is located in Benton near Hot Springs and according to Arkansas Business will help the company prepare more vanadium. Click here for Arkansas Business.