Tulsa’s NGL Energy Partners LP increased its Permian Basin water business with the announcement of a long-term agreement for the transportation of produced water. NGL did not identify who the deal is with, only saying the agreement was “with a leading, investment grade independent producer operating within the Delaware Basin.” The new dedicated long-term …
Category: General
Rep Mullin says energy crisis continues thanks to Biden
The energy crisis continues. It’s what Oklahoma Republican congressman Markwayne Mullin told his followers this weekend in a newsletter to them. And he put the blame largely on the shoulders of President Biden. He pointed to Biden’s waiver of sanctions on Russian leader Vladimir Putin’s Nord Stream 2 pipeline, a move that came after the …
Phillips files Right to Repair legislation
Rep. Logan Phillips, R-Mounds, has filed legislation creating the Digital Fair Repair Act. Phillips, who serves as Chair of the House Technology Committee, has run this legislation, also known as Right to Repair, for the past three years. “This is a simple issue. If you buy an item, you own it and you should be …
Carbon capture measure introduced in Oklahoma legislature
The Oklahoma legislature is being asked this year to deal with the growing technology of carbon capture from the production of hydrogen. Sen. Kim David, a Republican from Porter introduced Senate Bill 1856 which would direct the Secretary of Energy and Environment to create and administer a grant program for firms utilizing sequestration of …
Some storm cost data revealed by OCC—but not all
The Oklahoma Corporation Commission released data showing how more than 65 companies split more than $3 billion from utilities as they purchased natural gas to continue providing warmth during the February 2021 winter storm Uri. But there are still some information the public won’t see. The information from the Commission’s Public Utilities Division detailed …
New report details Oklahoma’s Oil and Natural Gas industry huge contribution to the state’s economy
A new report tells the story of how essential the oil and natural gas industry is to Oklahoma and how it is positioned to be the key to our state’s well-being in the future. The report, completed by RegionTrack, Inc. for the Oklahoma Energy Resources Board (OERB), has compelling numbers. For example, during the …
Cushing hub crude oil storage slipped again
A report by the federal government showed the amount of crude oil in storage at Oklahoma’s Cushing hub slipped again this month to slightly more than 27 million barrels of crude. The U.S. Energy Information Administration reported a decline of 2.8 million barrels of oil as of Feb. 4, 2022. Total storage for that …
ConocoPhillips reported to be weighing $1 billion sale of Permian assets
A report by Bloomberg suggests ConocoPhillips is weighing the prospects of selling its more than $1 billion in operations in the Permian Basin. The company is not commenting publicly about the report but Bloomberg claims ConocoPhillips is working with an adviser to run an auction process for the assets. Click here for Bloomberg
Federal judge strikes down Biden climate damage cost estimate
In a lawsuit led by GOP Attorneys General from 11 oil and gas producing states, a Louisiana federal judge blocked the Biden administration’s attempt to put more emphasis on potential damage from greenhouse gas emissions in the creation of rules for polluting industries. Oklahoma was not one of the states involved but the suit …
Ovintiv plans more Kingfisher County drilling
Houston-based Ovintiv knows when it’s found a sweet spot in Oklahoma’s STACK play where the company has recorded big well after big well. It just obtained more drilling permits for Kingfisher County where the firm has scored one success after another—mostly around the city of Kingfisher and close by. Two of the permits were the MUEGGENBORG …