Blueknight Energy Partners, L.P. reported a fourth quarter 2020 net loss of more than $29 million but also indicated that since the end of the year, it had managed to slash its company-wide debt by nearly $153 million. The Tulsa firm’s net loss for the quarter was $29.2 million compared to a net income of …
Drivers on I-35 in southern Oklahoma should get ready to “zip” when merging to help improve safety and efficiency in a busy work zone in Garvin County. The Oklahoma Department of Transportation said that beginning this week, speed sensors in the work zone where I-35 narrows to one lane at SH-19 (mm 72) in …
Senator James Lankford (R-OK) joined John Barrasso (R-WY) and a group of 40 senators to send a letter this week criticizing the Biden Administration for failing to follow the law and impose sanctions on entities involved in the Nord Stream II pipeline. The Nord Stream II pipeline would carry natural gas from Russia to Germany via the …
Oklahoma City’s Ascent Resources reported improved fourth quarter earnings while it suffered a net loss of $590 million for 2020. The earnings report released Wednesday show the firm’s fourth quarter net income was $169 million and adjusted net income of $15 million and adjusted EBITDAX of $214 million. It also generated $54 million in …
Crude oil prices had a slight rebound in Wednesday’s trading reaching $64 in the US and nearly $68 overseas after the big plunge on Tuesday. West Texas Intermediate crude for April delivery had a 43 cent increase to $64.44 a barrel. Global benchmark Brent crude for May deliver went up 38 cents and finished the …
An Austin-based analytics firm, Enverus released a report this week on its study of the winter storm that crippled Texas last month, a report that said natural gas is still needed as a backup to renewable energy production. “The finger pointing resulting in 4 million without power and 70 deaths really needs to stop. …
Three more utilities seeking state assistance in pausing some of the billions of dollars in gas bills they suffered in the February winter storm were given confidentiality by Oklahoma regulators as the firms try to avoid a direct pass-through of their costs to consumers. The confidentiality approval by the Oklahoma Corporation Commission came after …
A bill targeting electric vehicles for possible fees on road use in Oklahoma won overwhelming approval Tuesday in the State House of Representatives. House Bill 1712, authored by Mustang Republican Rep. Brian Hill creates a road User Charge Task Force and was passed on a vote of 81-15 and sent to the Senate for a …
New Mexico’s U.S. Senators, both Democrats might be having second thoughts about President Biden’s early executive orders putting a freeze on oil and gas leases on public lands. Sens. Martin Heinrich and Ben Jay Lujan sent a letter this week to White House national climate adviser Gina McCarthy urging the administration not to make …
** The Biden administration said Tuesday that it will deliver an interim report on its suspension of oil and gas sales from federal lands and waters by summer, but officials declined to state how long the moratorium could remain in place. ** More than 90 Montana state lawmakers call for a reversal of President Biden’s decision …