At least three earthquakes, the largest at 4.1 magnitude shook northern Oklahoma Sunday evening. So far, there are no reports of injuries or damage. The U.S. Geological Survey recorded the quakes around 5:30 p.m. and their epicenters were located a few mile east of the community of Nescatunga in Alfalfa County. The weakest of …
North Dakota loses status as 2nd biggest oil producer
Energy leaders in North Dakota seems to think that the development of underground storage of carbon emissions might more than offset the loss of the state’s status as the second biggest oil producer in the U.S. The Bismarck Tribune reports the carbon storage momentum might offset the disappointment of officials to recent word that …
Energy news in brief
** Canadian-based PetroTal Corp. announced the completion of its fourth horizontal well in Peru’s Bretana oil field, a well producing 7,600 barrels of oil a day over a ten-day period. ** C F Industries, which uses hydrogen and nitrogen to make fertilizers and other products, said it has halted operations at its U.K. manufacturing complexes due …
Former legislator says supreme court is ignoring corruption on Corporation Commission
Former Oklahoma City Rep. Mike Reynolds responded this week to last week’s Oklahoma Supreme Court that said he did not have legal standing to file suit and ask for the removal of Corporation Commissioner Todd Hiett. In an op-ed piece he provided to journalists, Reynolds charged there is a reason for an epidemic of …
Oklahoma regulators to meet Tuesday
The next meeting of the Oklahoma Corporation Commission will be held Tuesday, September 21. Commissioners plan a 9:30 a.m. meeting in the Jim Thorpe Office building at the capitol according to the agenda that was posted on Friday. The 24-hour signing agenda docket could also possibly result in votes on proposed or potential orders. The …
Rig counts grew in Oklahoma and nation in the past week
The number of drilling rigs in Oklahoma increased in the past week as the U.S. count grew by 9 to reach 512 oil and gas rigs reported Baker Hughes Co. Oklahoma’s count increased to 35 rigs while nationally, the increased count included 10 more oil rigs bringing the total to 411 while the number of …
BLM headquarters to return to Washington, D.C.
After the Bureau of Land Management headquarters under the Trump administration were moved out of Washington, D.C. to Grand Junction, Colorado, the Biden administration is reversing the decision. It is moving BLM headquarters back to D-C and converting the western Colorado site into a Western hub according to last week’s announcement by Interior Secretary …
Oil slipped in Friday’s trading, sending most Oklahoma energy stocks down too
After making slight gains earlier in the week, crude oil prices tumbled in Friday’s trading and sent many Oklahoma energy stocks on the same path. West Texas Intermediate crude dropped 64 cents and settled at $71.97 a barrel. Global benchmark Brent crude had a 33-cent fall and finished the day at $75.34 a barrel on …
Pioneer Natural Resources unloading Delaware Basin assets
Reports indicate Pioneer Natural Resources Co. has plans to sell its assets in the Delaware Basin with hopes of gaining $2 billion for the properties. Reuters reported the top U.S. shale oil producer has stronger hopes of streamlining its business and reducing debt. Click here for Reuters.
Colorado utilities want to raise rates after February winter storm
Four utilities in Colorado are before their state’s Public Utilities Commission asking for authority to raise rates because of the February winter storm, the same one that pounded Oklahoma and Texas. The PUC is set to hear requests from Black Hills Energy, Atmos Energy, Colorado Natural Gas, Inc., and Public Service Company of Colorado …