Weyerhaeuser, the lumber-manufacturing firm with major operations in southeast Oklahoma announced an agreement with pipeline operator Denbury Inc. to consider development of a CO2 sequestration site in Mississippi. The lease agreement provides Denbury with the exclusive right to develop and operate approximately 16,000 acres of subsurface pore space owned by Weyerhaeuser in Simpson and …
Category: General
Anadarko Basin to see oil production increase in January
Increased oil production is forecasted in the Anadarko Basin according to a new report from the U.S. Energy Information Administration. The EIA reported this week it expects the Anadarko’s oil production to increase from 427,000 barrels a day in December to 438,000 barrels a day in January 2023. Natural gas production in the Basin …
Oklahoma regulators prepare for temporary relocation
Corporation Commissioners in Oklahoma will learn this week what will be expected of them and their employees as they face an approaching renovation of the Jim Thorpe headquarters building. It won’t be just another renovation but one that will mean relocating offices and employees to another site. The renovation will be part of the …
Sen. Inhofe honored by Aerospace Industries Association
U.S. Sen. Jim Inhofe (R-Okla.) was presented with the “Wright Stuff Award” by President & CEO of Aerospace Industries Association (AIA) Eric Fanning. The award is in recognition of Inhofe’s major and measurable contributions to the United States aerospace and defense industry. “It’s an honor to receive such a meaningful and generous gift of …
Flow of oil to Cushing remains interrupted by Keystone pipeline leak in Kansas
Still no cause has been found as to the large Keystone pipeline oil leak in northern Kansas. A section of the 2,700 mile long pipeline that carries oil from Alberta, Canada to the Cushing hub in Oklahoma remains closed on orders of the Pipeline and Hazardous Materials Safety Administration of the U.S. Transportation Department …
Dairy farm gas conversion projects grow in South Dakota
. South Dakota is looking at dairy farms as a growing source of badly needed natural gas. The state receives most of its natural gas for heating purposes from North Dakota’s oilfields but a waste recovery firm based in Wisconsin is progressing with projects to turn dairy farm methane into natural gas. Click here …
Oklahoma energy stocks recorded strong Monday on $2 gains for crude oil
Russia’s threat to cut oil production along with the shutdown of the Keystone pipeline because of an oil leak in Kansas sparked a $2 a barrel jump in crude oil prices on Monday. Oklahoma energy stocks also had a positive day in trading as some firms saw 4% and 5% gains for the day. …
OGE investors get another dividend while utility makes 4th increase request to regulators
Two days after Oklahoma Gas and Electric filed its fourth request in the past year to bump charges to customers, the company announced the payment of its latest dividend for its investors. The Sunday announcement came as the board of OGE Energy Corp. approved a dividend of $0.4141 per share on the 27th of January. …
Increased holiday travel in forecast for Oklahoma
With the worst of the COVID pandemic behind us, Oklahoma will see an increase in approaching holiday travel, predicted AAA Oklahoma. The organization came out with its holiday travel forecast on Monday, estimating nearly 1.1 million people in Oklahoma will travel 50 miles or more away from home from Dec. 23 to Jan. 2, 2023. …
More energy headlines
** The U.S. Department of Energy said Sunday it would announce a “major scientific breakthrough” this week, after media reported a federal laboratory had recently achieved a major milestone in nuclear fusion research. The Financial Times reported Sunday that scientists in the California-based Lawrence Livermore National Laboratory (LLNL) had achieved a “net energy gain” from an …