Oil and Oklahoma energy stocks suffered tumbles in prices on Thursday as the winter storm resulted in tighter U.S. crude stocks and fears grew of increased Federal Reserve interest rates. West Texas Intermediate for February delivery dropped 80 cents or 1% a barrel to $77.49 on the New York Mercantile Exchange. Global benchmark Brent …
Category: General
More than half of spilled oil recovered at Keystone Pipeline leak in Kansas
Following the large Keystone Pipeline leak in northern Kansas about 3 weeks ago, operator TC Energy says it has recovered more than half of the crude oil spilled near a creek. The company reported this week its crews had recovered about 7,599 barrels of oil from Mill Creek along with a total of 15,488 …
Storm doesn’t stop US from gaining oil and gas rigs
Baker Hughes Co. reported Thursday an increase in oil and gas rigs across the U.S. with a gain of 3 to reach 779. Oklahoma’s count was unchanged from the previous week, staying at 68 rigs. Nationally, the gain included two oil rigs to reach a total of 622 while the number of gas rigs …
Enverus reports big gain in oil and gas rigs in US
This week’s Enverus report showed a gain of 11 oil and gas rigs nationally to reach a total of 871 for the week ended Dec. 21. The count is down 2% in the last month but up 22% in the last year. All numbers discussed are weekly peaks to avoid the sometimes wide variability …
Treasurer begins search for firms that boycott Oklahoma’s oil and gas industry
Nearly a month and a half after Oklahoma’s new law took effect against investment groups that oppose funding of the oil and gas industry, efforts have started to identify the companies that boycott the energy sector. The State Treasurer’s Office has the responsibility of identifying those firms. Spokesman Christopher Biggs, in an email response …
ONEOK seeks federal approval of international gas line at Mexico border
ONEOK Inc. is hoping to get FERC approval to build a new natural gas international border-crossing at the U.S. and Mexico border in Texas. The company announced it filed a Presidential Permit application with the Federal Energy Regulatory Commission for approval of its Saguaro Connector Pipeline subsidiary in Hudspeth County, Texas. The proposed border …
Former congressman named leader of bible translation business
He is a former Oklahoma Congressman and Army officer who helped capture Saddam Hussein in Iraq but now Steve Russell has a different title. He is CEO of JAARS, a global organization that has a mandate to make Bible translation and language development possible, even in the most remote and difficult places on Earth. …
Winter storm power outages hit OGE
The arrival of the Siberian front with its strong winds and extremely low temperatures resulted in power outages in the OGE service area. A Thursday update from the utility explained that the subfreezing temperatures were expected to remain through Christmas Da. As of Thursday mid-morning, an estimated 4,200 customers were without electrical power, down …
Investigation blames management for Texas plant explosion
Management failures. It’s what the federal Chemical Safety Board says caused the 2018 Ethylene Release and Fire at the Kuraray America plant in Pasadena, Texas—a blast that injured 23 workers. The U.S. Chemical Safety and Hazard Investigation Board released its final investigation report this week, concluding the cause was Kuraray’s emergency pressure relief system design. …
OKC launches construction on hiking and biking trail
Oklahoma City launched a construction project of another walking and hiking trail. Work started on the 4.3 mile Deep Fork Greenway Trail that will run between the Deep Fork River. It will connect the Katy Trail at NE Grand and I-44 to the North Grand Boulevard Trail at NW Grand and NW 63rd, completing …