** Xcel Energy announced that Bob Frenzel has been appointed president and CEO of the company. Ben Fowke, the current chairman and CEO will remain at Xcel Energy as executive chairman of the Board of Directors. Tim O’Connor was also named executive vice president and chief operations officer. ** The US Energy Information Administration predicts a …
USDA to fund Oklahoma biofuels projects
A project involving Oklahoma-based Magellan Pipeline company is among those in 23 states receiving $26 million from the U.S. Department of Agriculture to build infrastructure and expand the availability of higher-blend renewable biofuels by 822 million gallons a year. Magellan will receive $4,884,077 in a Rural Development investment to expand the sales and use …
Landowners prepare to fight NE Oklahoma transmission line project
Some Oklahoma landowners vow to head to court in a fight against Transource Energy from using their land as the site for its 80-mile $100 million electric transmission line in the northeast part of the state. The Tulsa World reports some of the residents feel hopeless as the company moves forward with the line …
Enverus reports decline in US rig numbers
The U.S. rig count slumped by four in the last week to a total of 573 as of Aug. 18, according to Enverus Rig Analytics. The count is up 2% in the last month and up 101% in the last year. At the beginning of August, the DJ Basin hit a 2021 high of …
Crude oil prices keep sliding
Make it six trading sessions of losses for crude oil prices as the oil market now has seen 15% declines since early July. Oklahoma energy stocks had their losses too in Thursday’s trading. The weakened global demand from the increase in COVID-19 cases has resulted in oil prices at lows not seen since May. …
OSU launches Oklahoma Aerospace Institute for Research and Education
Oklahoma State University leaders were joined this week by state officials in announcing the creation of a new institute with the objective of supporting aerospace industry growth in Oklahoma. “Today, we’re announcing the formation of the Oklahoma Aerospace Institute for Research and Education. Oklahoma State University is the clear leader in aerospace within our …
Halliburton stages another high-tech fracking job in the Permian
Halliburton Company announced a successful execution of its SmartFleet™ intelligent fracturing system with a major operator in the Permian Basin. “We view the SmartFleet system as a tool that provides valuable insights into subsurface fracture placement,” said Aaron Hunter, vice president of the Midland Basin for ConocoPhillips. “These insights lead to informed decisions that improve fracture …
Hinkle adds 3 STACK wells to list of producing wells
Oklahoma City energy company Hinkle Oil & Gas Inc. reported July completions of three Kingfisher County wells with combined total production of more than 1,600 barrels of oil a day. The Lincoln Southeast Oswego Unit wells, each drilled on adjacent sections north and south of the Cimarron River were completed in July at sites about …
Energy news in brief
** A federal judge on Wednesday threw out Trump administration approvals for a large planned oil project on Alaska’s North Slope, saying the federal review was flawed and didn’t include mitigation measures for polar bears. U.S. District Court Judge Sharon Gleason in Anchorage vacated permits for ConocoPhillips’ Willow Project in the National Petroleum Reserve-Alaska in a 110-page …
Kansas university looks to new curriculum for climate change era
Leaders of Kansas Wesleyan University, a small college in Salina, Kansas want to reconnect educational disciplines and “unite students with the land” as part of the climate change fight. So they’ve launched a mentor project to help students understand how their chosen careers should include consideration of the climate change reported the Kansas Reflector. …