Wednesday’s trading brought a dollar a barrel drop in crude oil prices after Russian oil shipments through the Druzhba pipeline to Hungary restarted. Plus, there was the issue of increased COVID-19 cases in China. The slide in crude prices also brought down Oklahoma energy stocks. West Texas Intermediate crude for December delivery dropped $1.33 a …
Category: General
Williams signs deal to boost production of natural gas in Haynesville basin
Tulsa’s Williams Cos. signed an agreement this week with another firm to help increase the company’s efforts to transport more natural gas out of the Haynesville basin to meet growing LNG export demand along the Gulf Coast and around the world. The company reached an agreement with Sempra Infrastructure, a subsidiary of Sempra. Under …
OGE invests in Interactive Education initiatives
Oklahoma Gas and Electric is high lighting its continued efforts to fund projects directly supporting local educators and students in the company’s service area. In a release this week, the utility emphasized the assistance it is giving to teachers: As a first-year teacher at Arthur Elementary School last year, Sarahi Garcia-Acosta knew it …
More energy headlines
** Years in the works, a massive petrochemical refinery in western Pennsylvania fed by the vast natural gas reservoir underneath Appalachia became fully operational Tuesday, oil and gas giant Shell plc said. ** A flotilla of ships is carrying distillate fuel to New York Harbor to shore up stocks ahead of the winter, according to traders and …
Energy Department funds EV battery projects
One of the energy projects funded by nearly $74 million in grants by the Energy Department to advance recycling and reuse of batteries for electric vehicles will be for a west Texas project. Element Energy, a company based in Menlo Park, California received $7.9 million for a wind-energy project in west Texas. The company …
Kansas Gas Service customers to be hit with higher monthly bills
Customers of Kansas Gas Service, a division of Oklahoma-based ONE Gas will be hit with higher bills beginning in December. Some of it is because of the same thing that caused Oklahoma gas consumers to pay higher bills—recovering the 2021 Winter storm costs. The Kansas Corporation Commission approved a new Kansas Gas Service Company …
Crude oil made gains Tuesday on positive inflation news
Crude oil prices made gains on Tuesday after there were signals from U.S. data indicating that inflation might be starting to decline. West Texas Intermediate crude for December delivery recorded a $1.05 a barrel gain or more than 1% to settle at $86.92 on the New York Mercantile Exchange. Global benchmark Brent crude for …
McGirt strikes again—Oklahoma loses mining enforcement fight
Oklahoma lost a challenge in federal court to continue its regulation of coal mining operations on the Creek Reservation in eastern Oklahoma—thanks to the Supreme Court McGirt v. Oklahoma ruling that said the Reservation had never been disestablished. In a ruling issued last week, the 10th U.S. Circuit Court of Appeals upheld previous decisions …
Enviros get millions to target oil and gas operations in Colorado
A handful of environmental groups in Colorado received nearly $3 million in EPA grants to monitor air pollution from oil and gas operations in the state. The Colorado Sun reported the largest of the grant was $500,000 and was awarded to 350 Colorado to use a mobile van to monitor fracking operations near Greeley. …
Company fined over booster station fire in New Mexico
A natural gas booster station fire last month in the Permian Basin that injured two workers in New Mexico led to a fine leveled by the New Mexico Oil Conservation Division. DCP Operating Company was fined nearly $67,000 over the incident near Artesia reported the Carlsbad Current-Argus. Click here for Current-Argus