Oklahoma Transportation Commissioners meet Monday to consider a number of highway projects including a $23 million contract to reconstruct and widen US-70 highway near Valliant in McCurtain County. Items to be addressed at the meeting: Secretary of Transportation and Oklahoma Department of Transportation Executive Director Tim Gatz will update commission members on transportation …
Lower 4Q and full year performance for NGL Energy Partners LP
It wasn’t just the fourth quarter but the past full year that NGL Energy Partners LP of Tulsa had lower earnings. The company reported a loss from continuing operations for the quarter ended March 31, 2021 of $229.2 million including a $63.1 million loss related to the early repayment of the partnership’s term loan …
US crude moves closer to $70
Benchmark crude oil prices in the U.S. pushed oh-so-close to the $70 a barrel mark in Friday’s trading, no doubt leaving investors in oil and gas wondering if the level will be reached or surpassed in the coming days. West Texas Intermediate crude for July delivery rose 81 cents to finish at $69.62 a …
Rig growth in US and Oklahoma stalled last week
The latest oil and gas rig count from Baker Hughes Co. showed a decline of one in the past week leaving a total of 456 active rigs while Oklahoma was unchanged at 28. Figures showed Oklahoma’s 28 working rigs compared to 11 one year ago. Nationally, the numbers showed oil rigs were unchanged at …
Energy news in brief
** A U.S. judge in Montana has rejected the Biden administration’s attempt to delay a lawsuit from several states and environmentalists who are seeking to end lease sales for coal mining on federal lands. ** Denmark has withdrawn permission for a planned pipeline that was designed to bring Norwegian gas to Poland, citing the need to assess …
Slight correction for crude oil prices
Crude oil prices experienced a stall in Thursday’s trading as both US and overseas prices dropped a few cents and Oklahoma energy stocks for the most part didn’t have the brightest of trading days. West Texas Intermediate crude for July delivery dropped 2 cents to finish the day at $68.81 a barrel. Global benchmark …
Rep. Lucas says EPA ignores oversight requests
Oklahoma congressman Frank Lucas says the EPA Administrator isn’t responding to the requests of a House Committee and is preventing the committee from conducting its oversight responsibilities. In a letter this week to Environmental Protection Agency Administrator Michael Regan, Rep. Lucas, the Ranking member of the House Science, Space and Technology Committee repeated an oversight …
Regulators to target dangerous Panhandle wind farm
Oklahoma Corporation Commissioners are expected to issue an order by week’s end targeting the dangerous wind farm in the Panhandle that came to their attention on Wednesday. Commissioners were presented with stunning pictures of damaged and burned wind turbines at the KODE Novus I and II wind farms located south of Guymon next to …
Williams and Microsoft work together to forward clean energy transition
Williams signed a Memorandum of Understanding with Microsoft to explore ways to transform one of the nation’s largest energy infrastructure networks through digital technology and innovation while advancing our net zero emissions goals. “Williams shares Microsoft’s vision for a low carbon future. Likewise, Williams is committed to helping our customers achieve their sustainability …
US rig count increases again
The U.S. rig count rose by eight in the last week to 521 as of June 2, according to Enverus Rig Analytics. The count is down 2% on the month, but up 71% YOY. The largest increases by basin occurred in the Permian, where eight rigs were added, bringing the total to 222. The …