According to the operator of the Keystone Pipeline that carries oil from Canada to the Cushing hub in Oklahoma, there will be more volumes of crude flowing through the line in the coming months. It already was on the increase in the second quarter as TC Energy said volumes rose from 590,000 b/d to …
Category: General
Gas prices keep falling—Oklahoma third lowest average nationally
Oklahoma had the nation’s third lowest average for gasoline prices on Monday while the national average fell a dime in the past week to $3.95. Triple A reported the national slip was due primarily to stable oil prices and fewer drivers than usual fueling up. The national average for a gallon of regular gas …
Strong winds, falling tree and power lines caused massive New Mexico fire
Power lines are believed to have caused the massive April fire that killed two persons and destroyed more than 200 homes in the Ruidoso, New Mexico area. The Albuquerque Journal reports it is the finding of a state investigator who said strong, gusty winds topped a drought-stressed tree causing electrical lines to arc and …
Defense contractor opens Tinker AFB office
Headquartered in Florida, AllClear Aerospace & Defense announced the opening of its new sales office located in Oklahoma City, OK. With operations in Abu Dhabi, United Arab Emirates, Camarillo, CA; Chatsworth, CA; Greenville, SC; Macon, GA; Miramar, FL; Seoul, S. Korea; Singapore, South San Francisco, CA; and Tokyo, Japan, the company’s Oklahoma office is …
Civeo repurchases $11 million in shares
Canadian-based Civeo Corporation, the man-camp operator with a facility in Oklahoma, announced the repurchase of nearly $11 million in common shares from a shareholder. The deal involves 375,000 common shares representing 2.6% of the fully-diluted common shares outstanding. “Today’s announcement reflects our confidence in Civeo’s business outlook, and this transaction provides an opportunity to …
No lack of other energy headlines
** Some Alaska environmental advocates say the proposed congressional climate bill “causes more harm than good” by requiring oil and gas leasing and incentivizing critical mineral mining. ** Analysts are skeptical of the U.S. mining industry’s ability to produce enough electric vehicle battery minerals to meet deadlines in the proposed congressional climate bill. ** A company proposes using abandoned oil wells to explore …
Act critics say it won’t help reduce inflation and won’t help country’s long-term energy needs
While Democrats and the White House are celebrating their passage of the Inflation Reduction Act, one opposed by every one of Oklahoma’s U.S. Representatives and Senators, the impact on the state’s oil and gas industry and across the U.S. is coming. All it takes is for President Biden to sign it into law. As …
Oil and gas exploration leads to new wells in Oklahoma
From Kingfisher to Garvin to Carter County in Oklahoma, several large producers have been reported by energy companies. Continental Resources Inc. completed a Carter County well with production of 1,099 barrels of oil a day and 160 Mcf of natural gas. Drilled at 6 2S 3W, four miles southwest of Ratliff City, the Catskills 1-1-12xhm was …
Brigham Minerals might merge after sale of Oklahoma assets
After Brigham Minerals acquired holdings in Oklahoma in February, then disposing of it in recent weeks, the Austin-based company is reported to be exploring options that include a sale or even a merger. But Brigham CEO Rob Roosa isn’t discussing it, telling those attending an earnings call he wouldn’t comment on “rumors or speculation.” …
ONEOK names Senior V-P for Communications
ONEOK Inc. announced the appointment of J. Darren Wallis as the company’s Senior Vice President of Communications and Community Relations. The announcement said Wallis will report directly to ONEOK President and Executive Officer Pierce H. Norton II. Before Joining ONEOK, Wallis was vice president of communications for the North American Region of Crop Science, …