The impact of the oil price war caused by Russia and Saudi Arabia as well as the coronvirus pandemic across the globe has resulted in more oil and gas drilling rigs being shut down, both in Oklahoma and across the rest of the U.S. As an oil glut develops and prices remain in the $20-$25 …
Crude oil prices rebounded by more than 23% on Thursday in trading in the U.S. with the front-month April West Texas Intermediate crude contract going up $4.85 and ending the day at $25.22 a barrel. It was considered to be the largest one-day front-month percentage climb on recorded based on information going back to March …
** Democrats on both sides of Capitol Hill are pushing to add climate change provisions to the third aid package for people and industries affected by the novel coronavirus pandemic. ** The Minnesota Supreme Court agrees to hear a case involving the environmental review of a utility’s proposed investment in a $700 million natural gas plant in Superior, Wisconsin. …
The coronavirus is hitting the nation’s energy industry, directly and indirectly. Some in Oklahoma City and others around the country. Oklahoma City’s Devon Energy took a direct hit this week when one of its employees in its headquarters in downtown tested positive for the coronavirus. Company spokesman John Porretto said the employee is receiving medical …
North Dakota Republican U.S. Sen. Kevin Cramer is urging President Trump to place an embargo on crude oil from Russia, Saudi Arabia and other OPEC nations. Representing the state with the second-largest oil production, Cramer wrote the President this week said he should adopt the embargo “to avoid substantial domestic layoffs, displacement, and financial impacts.” …
Pipeline companies are reporting few if any disruptions in their operations because of the coronavirus pandemic around the globe. Magellan Midstream Partners LP spokesperson Bruce Heine in Tulsa wrote in an email to S & P Global that the oil pipeline operator has “implemented a number of measures” to keep staff safe. North American natural …
Attempts to convert a former power plant into a biofuels operations in Kansas City have drawn the interest of the FBI. The Kansas City Star reported that two individuals involved in controversial energy projects in Independence that have drawn FBI scrutiny submitted a formal proposal to help repurpose a separate, soon-to-be shuttered city power plant. …
Just a few days after Denver-based Ovintiv announced the slashing of spending and drilling operations and intentions to have only two active rigs in Oklahoma, the firm filed what might be one of the last completion reports for a while in the state. The company completed the Taylor 7-5-15-10-21h well at 17 7N 5W southwest …
Tulsa’s Superior Pipeline Company, L.L.C. announced Thursday that it has entered into a long-term, fee-based natural gas gathering and processing agreement with an active producer in the STACK play. The agreement replaces a prior contract with Superior, expanding the producer’s dedication area to approximately 345,000 gross acres. The Cashion system includes two cryogenic processing plants …
Phillips 66 and Phillips 66 Partners have announced a change in the date of its conference call to discuss first-quarter earnings. The two said due to a change in scheduling, the conference call webcast will now be held on Friday, May 1 at 11 a.m. CDT. At that time, the company’s executive management will discuss …
