No injuries were reported in a fiery train derailment near Wichita Falls, Texas. The accident occurred near the small town of Oklaunion and resulted in several cars carrying denatured alcohol bursting into flames. No evacuations were needed according to the Wichita Falls Times Record. Fire crews from Wichita Falls, Vernon and Sheppard Air Force …
Texas Railroad Commission takes necessary stand on oilfield earthquakes
The move by the Texas Railroad Commission to crack down on wastewater disposal wells in the state’s share of the Permian Basin is long overdue according to one writer. It’s a move that echoed what Oklahoma regulators did some years ago following a surge in earthquakes in the state’s oil and gas drilling regions. …
Oil ended lower Friday leaving Oklahoma energy stocks with mixed results
Crude oil trading left U.S. prices right at about the $79 a barrel mark on Friday, down slightly from Thursday but still with a 5% gain for the week. It also left Oklahoma energy stocks confused, resulting in a mix of gains and losses. Analysts blamed supply worries over the deadly unrest in Kazakhstan …
Baker Hughes reports increased nationwide rig count
The most recent rig activity report from Baker Hughes showed an increase of 2 to to 588 oil and gas rigs nationwide while Oklahoma’s count was unchanged at 49. The Oklahoma numbers compared to 18 reported one year ago by Baker Hughes. Texas remained of course the state with the largest count at 274 …
New Mexico gets nearly $1 million settlement with Hillcorp Energy
Texas oil and gas company Hilcorp Energy agreed to pay $932,500 to settle violations relating to remediation plans at six of its New Mexico facilities. The settlement was announced by the New Mexico Energy, Minerals and Natural Resources Department’s Oil Conservation Division. It said the settlement of the notice of violation, or NOV, involved sites in …
New Mexico wind complex comes online
Another major wind project has become operational in central New Mexico. Pattern Energy Group LP announced its Western Spirit Wind complex of four wind parks in the state is completed, making it the largest single-phase renewable energy project in the U.S. reported Renewables Now. Click here for Renewables Now.
Federal bank survey shows moderate energy growth
Energy activity in Oklahoma and other states that make up the Tenth District of the Federal Reserve Bank of Kansas City continued to expand according to its fourth quarter Energy Survey. Chad Wilkerson, Oklahoma City Branch executive said the survey showed energy activity expanded “moderately” from a quarter ago and increased further from year-ago …
Monday headlines of other energy news stories
** Exxon Mobil Corp on Thursday rejected a proposal by the United Steelworkers union (USW) to end an eight-month lockout of about 600 workers at the company’s Beaumont, Texas, refinery, the company said. ** The U.S. Nuclear Regulatory Commission (NRC) on Thursday denied a license to Oklo Power LLC to build and operate the company’s Aurora compact …
If the market wants it, EOG is ready to pump more oil
Leadership at EOG Resources Inc. boldly proclaimed it is ready to begin production of more crude oil but only if the market cries for it. The Houston-based firm, one of the biggest U.S. shale oil producers with operations throughout Oklahoma took part in a recent Goldman Sachs virtual energy conference. There, EOG Chief Executive …
Keystone XL lawsuit filed by Oklahoma and others declared moot
The lawsuit filed by Oklahoma and more than 20 other states over President Biden’s move to revoke a permit for the Keystone XL pipeline was declared moot by a Texas federal judge who said the project is already canceled. As The Hill reported, Judge Jeffrey Brown cited a brief from pipeline owner TC Energy …