A Texas-based frac sand mining company that declared bankruptcy last year is liquidating one of four Wisconsin mines. Prior to the filing, Hi-Crush Proppants of Houston was one of Wisconsin’s biggest producers of sand used in hydraulic fracturing for oil and natural gas. Click here for story from Wisconsin Public Radio.
Category: Oil & Gas
AG and ALJ come out against PSO’s Energy Center proposed for Fort Sill
While national energy security leapt recently into the forefront with the cyber attack of the Colonial Pipeline, Oklahoma Attorney General Mike Hunter joined an Administrative Law Judge with the Oklahoma Corporation Commission in opposing a $118 million energy center at Fort Sill. Public Service Company of Oklahoma proposed the $117.9 million project last fall including the …
Another leadership change for Harold Hamm
It’s official. Harold Hamm is stepping down from some leadership at Continental Resources Inc., the company he founded 54 years ago. But he’s not leaving the company. The company filed a notice with the Securities Exchange Commission on Thursday that the board of directors approved Hamm moving from his role as Executive Chairman …
Crude oil rebounded more than 2% on Friday
After three days of losses, crude oil prices reversed their courses on Friday with benchmarks in the US and globally each making gains of more than 2%. One report indicated the rebound was the result of a storm forming in the Gulf of Mexico, reversing the three days of falling prices caused by the …
Oklahoma’s rig count on the increase
Figures from Baker Hughes released on Friday showed Oklahoma’s oilfield activity is slowly on the rise, reaching a total of 26 oil and gas rigs. That’s an increase of two in the past week and the 26 compared to only 12 rigs reported one year ago amidst the COVID-19 pandemic. Nationally, the count rose …
Kayne Anderson Energy Funds announces consolidation of Anadarko Basin portfolio companies under new management
California-based Kayne Anderson Energy announced the consolidation of three Anadarko Basin portfolio companies putting them under new management and creating additional funding for the oil and gas efforts. Under the consolidation, 89 Energy III, LLC was put in charge of the consolidated energy firms. Kayne Anderson consolidated Casillas Petroleum Resource Partners of Tulsa, Native …
Mullin’s column: Pipeline Security is Actually Infrastructure
Oklahoma congressman Markwayne Mullin asserted that the cybersecurity attack on the Colonial Pipeline Company should serve as a warning of what could happen if the radical Green New Deal is adopted by President Biden and House Speaker Nancy Pelosi. Writing in his Mullin’ It Over Column this week, the Eastern Oklahoma Republican who also …
O’Donnell bill set the standard for nationwide utilities legislation
Other states are signing into law measures similar to one authored last year by House Speaker Pro Tempore Terry O’Donnell, R-Catoosa, which gives local property and business owners the right to connect to any utility legally operating in their area. Earlier this week Texas Gov. Greg Abbott signed a similar measure into law and the …
Permian Basin oil headed to European markets
More oil from the Permian Basin in West Texas and Southeast New Mexico is headed to Europe. It is part of an agreement reached by Max Midstream of Houston and the Calhoun Port Authority in south Texas where the Permian oil will be shipped to international markets. The Carlsbad Current Argus reported it is …
Devon and Continental to expand Powder River Basin drilling
Oklahoma’s Devon Energy and Continental Resources Inc. are two of the three major oil industry players who intend to drill more wells in Wyoming’s Powder River Basin. Together with Colorado-based Anschutz Exploration, they intend to drill at least 63 wells in Converse County in 2021. Devon Energy announced in April it will drive 18 …