After U.S. crude inventories fell more than expected, crude oil prices on Thursday rose more than $1 a barrel. Oklahoma energy stocks also had a good day in trading with some making 8% and 9% gains. It gave increased optimism about global economic growth despite the coronavirus pandemic. West Texas Intermediate crude finished up …
Category: Oil & Gas
Missouri regulators issue order to stalled pipeline operator
Regulators in Missouri ordered natural gas pipeline operator Spire Missouri to get ready as to the fate of its FERC approved line. The Federal Energy Regulatory Commission approved the 65-mile interstate pipeline in 2018 but the approval was stalled in court by a legal challenge filed by the Environmental Defense Fund. The Missouri Times …
Carter county to get more drilling
South Central Oklahoma’s Carter County will be targeted for more drilling. Kodiak Oil & and Gas Inc. has permits to drill two wells on a single pad near the town of Wilson. The site, 27 4S 2W is just outside of the town near the Black Gold Casino where the two ALLEN #624 and the HHU #625 …
Judge tosses Oklahoma lawsuit targeting ‘social cost of carbon’ emissions
Oklahoma Attorney General John O’Connor and others representing 12 other states that sue the President Biden administration for taking steps to consider the “social cost of carbon” in federal regulations don’t have standing ruled a federal judge. The lawsuit, filed last spring opposed President Biden’s executive order that directed federal agencies to calculate an …
Halliburton’s 3Q 2021 earnings conference call
Halliburton Company will host a conference call on Tuesday, October 19, 2021, to discuss its third quarter 2021 financial results. The call will begin at 8:00 AM Central Time. The company will issue a press release regarding the third quarter 2021 earnings prior to the conference call. The press release will be posted on …
Energy Transfer to get more electricity from Texas solar projects
Dallas-based Energy Transfer has announced its commitment to buy 120 MW of energy from a 200 MW solar plant planned for construction in Texas next year. The midstream oil and gas company announced it signed a 15-year Power Purchase Agreement with San Francisco-based SB Energy for 120 megawatts of electricity from its Eiffel Solar project in northeast Texas. …
Crude prices remained steady after OPEC+ decision
US benchmark crude oil prices rose slightly while the global benchmark Brent crude slipped in Wednesday’s trading after OPEC and allies agreed to stay with their existing crude oil production increases. It left analysts saying prices finished the day “steady.” West Texas Intermediate crude rose 9 cents before finishing the day at $68.59 a barrel. …
Phillips 66 contributes $500,000 to American Red Cross for Hurricane Ida relief efforts
A half-million dollar donation was made this week by Phillips 66 to the American Red Cross to help relief efforts with Hurricane Ida recovery. “We stand with our many employees, friends and neighbors across southeastern Louisiana,” said Phillips 66 Chairman and CEO Greg Garland. “We know it’s going to take the combined efforts of …
Majority of court-ordered oil and gas leases to be in Wyoming
Still more details are emerging over the Biden administration’s compliance with a federal judge’s ruling to end the government pause on oil and gas leasing, some of the latest includes the possibility that nearly 700,000 acres in Western states will be open for lease. An estimated 568,000 acres in Wyoming are included and environmentalists …
Energy news in brief
** OPEC +’s current production agreement will stay in place per an announcement the group made on Wednesday. It will maintain the 400K bbl/day hike scheduled for October. Reports stated the group took less than an hour to make the announcement. ** A federal court declines to hear Republican-led states’ challenge to the Biden administration’s plans to account …