Northern Oil and Gas, Inc. is the latest to make a big acquisition of interests in the Northern Delaware Basin of West Texas. The Minnesota-based company announced the closing of its $155.1 million cash acquisition of non-operated interests from Alpha Energy Partners. The deal included a $17.5 million deposit paid at the signing in …
Category: General
Corporation Commissioners agree to ONG’s energy efficiency programs
Despite a move by Oklahoma Natural Gas to increase its funding to help low income customers, it will mean other consumers will be forced to pay for the program. Corporation Commissioners on Monday gave unanimous approval to ONG’s Demand Portfolio of Conservation and Energy Efficiency Programs which is an effort covering the next three …
Widen I-70 in Missouri? A legislator pushes the idea
A Missouri legislator is proposing the state use its more than $6 billion in surplus funds on widening Interstate 70 from St. Louis to Kansas City. Click here for Columbia Daily Tribune
OK energy stocks tumble along with crude oil prices
Another drop in crude oil prices. Oklahoma energy stocks slump too. Crude suffered a 3% fall Monday after U.S. stock markets turned lower and worries grew that the Federal Reserve might implement still more aggressive steps in controlling inflation. West Texas Intermediate crude for delivery in January dropped $3.05 per barrel to close at …
Oklahoma congressman announces committee appointments
Republican Study Committee Chairman-Elect Kevin Hern announced his senior leadership hires for the 118th Congress. Hern’s tenure as Chairman of the largest caucus on Capitol Hill begins on January 3, 2023. Jay Fields will serve as the Executive Director. Fields worked on the policy team of RSC under multiple chairmen, most recently serving as Policy Director …
Oklahoma regulators rush to meet well plugging funding requirements
Oklahoma is in a race to sign contracts before the end of the year with regards to the $25 million the state received in August from the U.S. Department of Interior for the plugging of abandoned oil wells. Corporation Commissioners were updated Monday and told the contracting has been delayed because of necessary steps …
Other energy headlines
** JetBlue and Fidelis New Energy, LLC announced a memorandum of understanding (MOU) to provide JetBlue at least 92 million gallons of blended sustainable aviation fuel from Fidelis’ Grön Fuels GigaSystem™ at the Port of Greater Baton Rouge in Louisiana. This SAF is expected to be delivered over the five-year term with a targeted start …
Texas organization takes on wind industry
An oil and gas group based in Austin, Texas is making a national name for itself, fighting wind farms off the east coast of the U.S. and planned wind mills in the Gulf of Mexico. The Texas Public Policy Foundation, backed by oil and gas companies and Republican donors is behind efforts to stall …
ONG asks for yet another rate hike
Oklahoma Natural Gas Company customers might be in store for yet another rate hike, albeit a small one if Corporation Commissioners approve it Monday. The consideration will come just a week after regulators approved a nearly $20 million rate hike for ONG, one that would increase a residential customer’s monthly bills by about $2 …
Major county wells completed by SandRidge Energy
SandRidge Energy filed reports on completion of three wells in Major County. Two of the wells were drilled on a single pad and had production of nearly 600 barrels of oil a day. The Harley 2014 2-18h, located at 18 20N 14W, a site 11 miles east of the town of Chester, produced 236 barrels of …