Road damage caused by heavy oilfield truck traffic has the attention of Marlow State Rep. Brad Boles who has legislation to change funding to help cities and towns pay for road repairs. His bill came as the result of an interim study last year. Rep. Boles’ bill would focus on reapportioning some of the …
Tulsa’s NGL Energy Partners LP announced it has closed on more than $2 billion in newly issued senior notes and also acquired a new $500 million asset-based revolving credit facility that matures in 2026. The company said the $2.05 billion is on 7.5% senior secured notes due 2026. The proceeds from the notes and …
Crude oil futures rose again in Thursday’s trading but it didn’t translate strongly for many energy stocks. West Texas Intermediate crude rose 54 cents to finish the day at $56.23 a barrel for March delivery on the New York Mercantile Exchange. Global benchmark Brent crude saw a 38 cent increase to $58.84 barrel for …
Oklahoma Corporation Commissioners will hold a regular meeting Friday morning to first consider their daily signing agenda. They will also consider some proposed rule changes including one for Gas and Hazardous Liquid Pipeline Safety. Another would pertain to Rules of Practice while a third concerns the Oil and Gas Conservation division. One aspect of …
The US rig count increased by eight in the last week to 430 according to the latest report from Enverus Rig Analytics. It also showed Oklahoma City’s Continental Resources increased its numbers in the Williston from two to three rigs. Enverus said Continental had been operating only two rigs since May 2020. The Williston …
Oklahoma City’s Devon Energy is among at least 20 oil and gas exploration companies being notified by the New Mexico Environmental Department of required licensing over the management of radioactive materials. The New Mexico Environment Department launched a compliance initiative to ensure oil and natural gas companies are properly licensed and in compliance with …
** A U.S. District Court Judge rules a contentious National Petroleum Reserve-Alaska drilling project approved by the Trump administration can continue. ** Louisiana U.S. Sen. John Kennedy uses a Fox News appearance touting the oil and gas industries to claim that his car is fueled by neither “fairy dust” nor “unicorn urine.” reported the Daily Beast. ** The U.S. Supreme Court …
The Oklahoma economy is clearly not immune to the fiscal impact of the pandemic, as is illustrated in January Gross Receipts to the Treasury — down by the largest margin in eight months reported Treasurer Randy McDaniel. Collections from the gross production tax on crude oil and natural gas followed a more than yearlong pattern, falling by almost 35 percent, to …
Completion reports filed this week show more gas-well drilling in eastern Oklahoma. At the same time, more permits for new drilling were issued including three wells to be drilled amidst Oklahoma City business sites. Three reports were filed this week by Trinity Operating of Houston showing production from gas wells drilled last year in …
U.S. Sen. James Lankford took to the Senate floor this week to question how the President’s call for unity contradicts his partisan execution actions taken during his first two weeks in office. In his first ten days as President, Biden signed 22 executive orders including those that targeted the oil and gas industry with …
