Phillips 66, the company with a refinery in Ponca City, Oklahoma announced a $3.8 billion acquisition of the common units of DCP Midstream, LP. The move will make Phillips a limited partner in DCP Midstream for a cash consideration of $41.75 per common unit and increase its economic interest in DCP to 86.8%. “We …
Category: General
Energy headlines
** An alleged terror attack temporarily disables a 100 MW solar array in Nevada that provides power to 13 Las Vegas casinos. ** The U.S. Department of Energy has rejected the first batch of bids from oil companies to resupply a small amount of oil to the nation’s emergency crude oil stockpile in February, according to a …
Company with plans for facility in St. Louis hit with major pollution fine in Israel
An Israeli company planning a St. Louis facility to manufacture components for lithium ion batteries agreed to pay a $33.5 million fine for pollution at a site in Israel. The St. Louis Post-Dispatch reported it was the largest such penalty in Israel’s history. Click here for St. Louis Post-Dispatch
Winter storm costs from 2021 reflected in latest requests approved by Oklahoma regulators
Oklahoma Corporation Commissioners approved two more utility matters concerning fuel adjustment requests which covered extreme natural gas purchases during the 2021 winter storm. The reviews are required under state law, in which the Commissioners are tasked with the requirement that they “shall continually monitor and oversee the application of all fuel adjustment clauses.” The …
Oil Producers Alliance to hold legislative briefing
An energy briefing from legislators is planned in a few weeks by the Oklahoma Energy Producers Alliance. The briefing is scheduled for Monday, Jan. 23 beginning at 11 a.m. in room 535 of the State Capitol An email alert from the OEPA indicated the briefing will include a discussion of the current state of …
Oklahoma energy stocks made gains while crude prices held steady Friday
Slight losses were recorded Friday in crude oil prices while Oklahoma energy stocks made gains for the day. Both crude benchmarks ended the first week of the year down because of global recession worries. West Texas Intermediate crude managed a 10-cent gain or 0.1% on Friday to settle at $73.77 a barrel on the …
Departing regulator urges cooperation to solve Oklahoma’s regulatory challenges
As she prepares to be succeeded this week by former State Sen. Kim David, Oklahoma Corporation Commissioner Dana Murphy offered some recommendations and observations. In an opinion column in the Sunday Oklahoman newspaper, Murphy wrote, “There is no ‘magic bullet’ that will solve all the challenges Oklahoma has and will face in the future …
Oilfield worker killed at Devon Energy drilling site in North Dakota
A contract oilfield worker was killed last week at a Devon energy drilling site in North Dakota. Daniel Navarrete, 42, of New Braunfels, Texas died when he fell through an open hatch in a pit at a Nabors Industries rig near New Town, North Dakota. The Mountrail County sheriff’s office said other workers tried …
Energy committee leaders named in Oklahoma House of Representatives
The Oklahoma House of Representatives committee leadership appointments were made and that includes committees dealing with energy and energy-related issues in the approaching 59th Legislature. They include: Energy and Natural Resources Rep. Brad Boles, R-Marlow, chair Rep. Dean Davis, R-Broken Arrow, vice chair Agriculture Rep. Dell Kerbs, R-Shawnee, chair Rep. Kenton Patzkowsky, R-Balko, vice …
Nation’s drilling rig count dropped along with numbers in Oklahoma
The nation’s numbers of oil and gas rigs actively pursuing new energy sources dropped by 7 in the past week according to Baker Hughes Co. which released new figures on Friday. The national count fell to 772 and Oklahoma’s count dropped by 3 to 66. A year ago, there were 49 active rigs in …