Oklahoma U.S. Sens. James Lankford and Jim Inhofe joined Pennsylvania Republican Sen. Pat Toomey and 14 other senators in urging EPA Administrator Michael Regan to give a break to small refiners under the Renewable Fuel Standard. The Senators sent a letter to Regan and asked him to mitigate the harm imposed on consumers and …
Category: Oil & Gas
Government report claims Keystone XL pipeline had many problems
The Keystone XL pipeline that was supposed to bring more oil to Cushing and through Oklahoma had multiple problems with construction, manufacture and design according to a report by the Government Accountability Office. Months after President Biden revoked the permit for the pipeline, leaders of several House Democratic committees released the report according to …
After 7 days of losses, crude oil jumped 5% on Monday
It took a week before crude oil prices finally managed a rebound on Monday, rising more than 5% thanks to a weaker dollar. In the states, West Texas Intermediate crude for October delivery jumped $3.50 or 5.6% to finish the day at $65.64 a barrel. Global benchmark Brent crude shot up $3.57 or 5.5% …
Decline reported in associated gas produced in 5 major shale plays
The U.S. Energy Information Administration reports the annual production of natural gas from oil wells declined in the Anadarko Basin and four other major crude oil producing regions last year. It was the first such drop since 2016. The EIA reported the share of associated gas in the Anadarko, Permian, Bakken, Eagle Ford and …
Petroleum storage tank meeting scheduled by OCC
Staff at the Oklahoma Corporation Commission’s Petroleum Storage Tank Division move ahead with discussions on rule changes. The division plans another informal discussion with industry representatives on Thursday, Aug. 26 at 10 a.m. It will be an in-person meeting in Commission Courtroom 301 at the Jim Thorpe Office building in the state capitol complex. …
Gasoline prices at the pump fall with sliding oil prices
The nearly $5 a barrel slide in crude oil prices over the past week, until prices rebounded on Monday, led to a fall in nationwide gasoline prices. Oklahoma prices slipped one cent in the past week to settle at $2.86 per gallon regular gasoline. Prices at the pump were their lowest in three months …
North Dakota oil industry struggles to bring workers back
North Dakota is the nation’s number 2 oil-producing state but its June production numbers were pretty flat. Crude oil production grew only slightly according to a report in the Williston Herald. Click here for Williston Herald
Energy news in brief
** EPA is preparing new quotas for how much biofuel must be blended into gasoline, as the administration balances competing interests from the oil and agriculture industries, Bloomberg reports. ** Boulder County, Colorado’s sheriff’s department adds a Tesla to its patrol-vehicle fleet. ** Alaska politicians denounce a federal judge’s order this week voiding approved permits for a major …
Colorado energy firm faces $1 million to $3 million in fines
Helen H. Richardson, The Denver Post Denver based K.P. Kauffman Co. faces a possible $1.2 million in fines from the Colorado Oil and Gas Conservation Commission for violation of several oil and gas rules. The fines could grow as the Commission resumes a hearing this week into the alleged violations. The Denver Post …
Major utilities move forward with February storm rate hike requests
The February winter storm that hit Oklahoma and the rest of the Southwest and Midwest resulting in power outages and rolling blackouts is about to possibly hit customers of Oklahoma’s major utilities a second time—with increased utility bills. Documents filed in recent days with Oklahoma regulators indicate consumer groups are critical of the rate …