The American Automobile Association says gas prices in Oklahoma will likely increase temporarily this week as a result of Hurricane Ida. The storm has left more than one million people in Louisiana and Mississippi without power and likely taken about 13% of U.S. refining capacity offline. There were nine oil refineries in Ida’s path; at least …
Category: Oil & Gas
ONEGAS leaders to hold investment meetings
Corporate leadership at ONE Gas will hold virtual meetings this week with the investment community. The presentations will be made Aug. 31 and Sept. 1 by Sid McAnnally, president and chief executive officer; Caron Lawhorn, senior vice president and chief financial officer; and Curtis Dinan, senior vice president and chief operating officer. It will …
Growing number of drilling permits approved in Oklahoma
The series of major oil wells produced in Oklahoma’s STACK play by Ovintiv Mid-Continent Inc. just isn’t stopping. The company filed a recent completion report for the Walta 1507 3h-rx at 9 15N 7W in Kingfisher County. Located just south of the city of Kingfisher and adjacent to highway US 81, the well had production of …
Crude oil recorded gains in Monday’s trading despite hurricane
While the Deep South struggles with recovery and Gulf Coast oil and gas operations wonder when they might resume, crude oil prices recorded gains in Monday’s trading. Oklahoma energy stocks couldn’t maintain last week’s gains. Global benchmark Brent rose 71 cents or 0.98% to finish the day at $73.41 a barrel on ICE Futures …
Texas pipeline fined $1 million plus for New Mexico environmental violations
San Antonio based ETC Texas Pipeline, Ltd. was fined $1.3 million as part of a settlement agreement it reached with the New Mexico Environment Department over regulatory and permit violations at the company’s plant near Jal, New Mexico. New Mexico had cited ETC for illegally permitting more than 3.1 million pounds of pollutants including …
Energy news in brief
** Nearly 95% of Gulf Coast oil and gas production was offline as Hurricane Ida hit New Orleans and the Deep South. ** Top oilfield services firm Schlumberger Ltd. is asking U.S. employees to disclose their COVID-19 vaccine status and said more customers are mandating vaccinations as a condition for working on their job sites, the …
Colonial temporarily shut down lines as Hurricane Ida made landfall
Colonial Pipeline Co. temporarily closed two fuel lines as Hurricane Ida hit the Gulf Coast on Sunday. The firm said the move was just a precaution. It’s at least the second time this year that Colonial’s fuel lines have been turned off. In May, a ransomware attack paralyzed the system, prompting a panic …
Almost 600 Louisiana sites with toxic chemicals lie in Hurricane Ida’s path
An analysis showed that nearly 600 Louisiana industrial sites with toxic chemicals were in the path of Hurricane Ida as it came ashore Sunday. The sites included refineries, storage tanks and other infrastructure that could have released oil and other liquids into the environment. A Times-Picayune | New Orleans Advocate analysis of industrial data …
New Mexico AG faces fraud probe over power company merger
Complaints filed by five environmental and civic groups contend New Mexico Attorney General Hector Balderas violated state fraud laws by hiring the firm of an old friend to work on the proposed merger of Public Service Company of New Mexico and Avangrid. The five environmental and civic groups behind the complaint are asking …
Colorado Springs coal-fired power plant converting to natural gas
Another coal-fired power plant in Colorado is about to stop burning coal to produce electricity. The Martin Drake power plant in the heart of downtown Colorado Springs will convert to natural gas this week. Click here for Colorado Public Radio report.