** As the Atlantic hurricane season begins, Dominion Energy has finished burying more than 2,500 miles of the most outage-prone power lines in Virginia. The work is part of the company’s Strategic Underground Program, which was launched in 2014. ** Two Cheyenne, Wyoming companies have their sights on building the largest magnesium operation in North America in …
Category: Oil & Gas
Canadian wildfires threaten oil production–prices rose on Monday
Wildfires in Canada are doing more than sending smoke into the U.S. They also are threatening oil sands operations and Canada’s oil supplies and as a result, oil prices rose nearly 3% on Monday. Wildfires burning in Canada’s oil-producing province of Alberta have affected about 7% of the country’s overall crude oil output as of Monday, …
Mixup in Attorney General’s filing in OGE case
Sometimes even Attorney General Gentner Drummond can make a mistake, or at least his office. In a recent filing with the Oklahoma Corporation Commission, the Attorney General asked for approval to force Oklahoma Gas and Electric Company pay for his employment of expert witnesses regarding the utility’s request for approval of three major …
Oklahoma gasoline prices are holding steady
With the summer driving season officially here after the Memorial Day weekend, gasoline prices in Oklahoma are holding steady with a statewide average of $2.77 per gallon. If you’re hitting the road for a vacation, it might be advisable to do so in the midwest. Head west and you’ll encounter much higher prices …
Eminent domain bill on hold in Iowa
Iowa Gov. Kim Reynolds has yet to act on a controversial bill sent to her by the state legislature to create more restrictions on the use of eminent domain for the construction of carbon capture pipelines. It’s among several bills in which the Governor is facing a June 14 deadline to either sign …
Permian Basin oil production boosts US production by nearly triple in past 15 years
A new government report credits oil production in the Permian Basin with a major increase in U.S. production over the past 15 years. Onshore crude oil production in the U.S. Lower 48 states has more than tripled since January 2010, driven by tight oil production growth in the Permian region, an area …
Turning things around at NGL Energy Partners
NGL Energy Partners reported a turnaround its revenue for the fourth quarter and full year fiscal 2025 results. Income from continuing operations for full year Fiscal 2025 totaled $65.0 million, compared to a loss from continuing operations of $157.7 million for full year Fiscal 2024. NGL’s fourth quarter income was $16.2 million, improved from …
Energy briefs
** Interior Secretary Doug Burgum, Energy Secretary Chris Wright and EPA administrator Lee Zeldin are part of a group that traveled to the North Slope on Monday, promising to undo the Biden administration’s restrictions on crude oil development. ** An Alaska startup proposes a bitcoin mining data center on the North Slope that would be …
Rig numbers are slipping in Oklahoma
Drilling activity across Oklahoma is on a slow decline, according to rig counts released by Baker Hughes. The Cana Woodford total fell by two to 18 rigs and the Granite Wash count declined by one to 15. The Ardmore Woodford count dropped by one to 3 rigs while the Arkoma Woodford was unchanged and …
Rig numbers decline again across the US
The U.S. saw a decline of another 3 oil and gas rigs over the past week, according to the most recent Baker Hughes rig count. Oklahoma joined the list of states where there were declines in rig numbers. The state count declined by one to 52 rigs. A year ago, Oklahoma’s rig count was …