The U.S. Chemical Safety and Hazard Investigation Board (CSB) released its final report on the 2016 flash fire and explosion at the Sunoco Nederland, Texas crude oil terminal, which resulted in burn injuries to seven workers. The CSB’s investigation identified deficiencies in the company’s hot work policies and procedures as well as the contractors …
Category: General
Cushing reports crude storage increase
The latest report from the U.S. Energy Information Administration showed a slight gain in the amount of crude oil in storage at the Cushing hub in Oklahoma. As of Sept. 16, Cushing held 25 million barrels of crude oil. In the previous week as of Sept. 9, the hub held 24.6 million barrels, a …
EPA’s top ten clean energy producers list includes University of Missouri
The University of Missouri was recently identified by the Environmental Protection Agency as one of the top ten clean energy producers in the country. The school ranked 10th nationally, ahead of big names such as Kohl’s, Aldi, and JP Morgan Chase according to a report by KRCG TV news. Click here for KRCG
Supreme Court accepts OKC’s lawsuit against state regulators
Oklahoma City’s lawsuit challenging the Corporation Commission’s approval to let utilities decide if they’ll collect franchise fees as part of billions of dollars in securitization bonds has been formally accepted by the Oklahoma Supreme Court. Chief Justice Richard Darby signed an order accepting the lawsuit that was filed earlier in the month. However, no …
Lucas and other House members want something done about space junk
Oklahoma Congressman Frank Lucas says it’s time to do something about regulating orbital space debris. Lucas is the ranking Member of the House Subcommittee on Space and Aeronautics and joined a bi-partisan effort to urge the Federal Communications Commission to come up with new such regulations. Joining him in sending a letter to FCC …
OGE dividend declared
A fourth quarter dividend has been declared by OGE Energy Corp. The company’s Board of Directors announced the dividend was $0.4141 per common share of stock. It will be paid on Oct. 28, 2022 to shareholders of record on Oct. 11, 2022.
Four Ovintiv wells produced 5,500 barrels of oil a day in Kingfisher County
Wait a minute! Ovintiv didn’t have just three wells on a single pad totaling combined production of nearly 4,000 barrels of oil a day in Oklahoma’s Kingfisher County. It was really 4 wells and 5,500 barrels of oil a day in production. A day after filing three completion reports on the wells, the company …
Headlines of other energy stories
** Democrats dropped Sen. Joe Manchin’s proposed energy plan from a must-pass government funding bill on Tuesday after it became clear it lacked the necessary bipartisan support to advance in the Senate. ** Senate Majority Leader Chuck Schumer says he’ll work with Manchin to pass “responsible permitting reform” by the end of the year. ** After decades …
Is Hamm’s buyout offer looking better for Continental Resources shareholders?
Three months after billionaire Harold Hamm offered $70 a share to take his Continental Resources company private, the offer is looking better and better. Shares in the Oklahoma City company managed a 1.68% gain or $1.05 on Tuesday to finish trading at $63.70 a share. Shortly after Hamm made his original offer, one valued …
Crude oil prices rebounded along with Oklahoma energy stocks
Up one day, down the next seems to be the pattern of crude oil prices. On Tuesday, they finished the day up $2 from a nine-month low, mostly because of supply curbs ahead of Hurricane Ian in the U.S. Oklahoma energy stocks rebounded as well. West Texas Intermediate crude for November delivery finished up …