A new energy report shows more states have adopted or advanced new energy-saving targets and vehicle and appliance rules but Oklahoma made no progress from a year ago. The 2020 State Energy Efficiency Scorecard released by the American Council for an Energy-Efficient Economy (ACEEE) ranked Oklahoma tied for 37th, the same position it held last …
The COVID-19 pandemic is again blamed for Mesa Royalty Trust declare no distribution to be paid from its royalty holdings in the Hugoton gas field of southwest Kansas and the oil and gas operations in New Mexico’s San Juan Basin. The Houston-based Trust, formed to own an overriding royalty interest of the net proceeds …
Phillips 66 says it will announced its fourth-quarter 2020 finance results in late January. The Houston-based company said it will hold a conference call webcast at 11 a.m. CST on Friday, Jan. 29 to discuss the results which will be released earlier in the day. The company reported a third-quarter 2020 loss of $799 …
NGL Energy Partners LP announced Thursday a distribution for the quarter that will end Dec. 31 of this year. The Board of Directors of the Tulsa-based midstream company approved the distribution for holders of the partnership’s 9% Class B Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred units and the 9.625% Class C preferred units. The …
Taking a cue from the 2015 cyber hacking attack that left 250,000 Ukrainians without electric power, researchers in Arkansas are study ways to use artificial intelligence to protect the state’s electric grid. Natural State researchers are working to develop artificial intelligence tools that can help protect the electric grid and other vital infrastructure from …
It was another up day for crude oil prices on Wednesday as Brent crude made it over the $51 mark and WTI pushed close to $48. West Texas Intermediate crude rose 5 cents for a 0.10% gain to $47.87 for January delivery in trading on the New York Mercantile Exchange. Global benchmark Brent crude finished …
Phillips 66 announced this week a dramatically lower 2021 capital budget of $1.7 billion. It reflects a nearly 43% drop from the 2020 estimated budget as the company is like other energy firms—trying to recover from an energy market devastated by the COVID-19 pandemic. It remains unclear how the new budget will affect the …
A study by the state of Wyoming contends any ban on new oil and gas drilling leases on federal lands would cost eight Western states more than $8 billion in tax revenue and $34 billion in investment in the next five years. Reuters reported the study showed New Mexico and Wyoming would be hit …
Hawaii-based North Star Scientific Corporation, an electronic defense manufacturing firm announced it will expand operations to Oklahoma City. The initial facility will start operations in January with only five employees but the company said it will eventually increase to 40 workers once the plant is fully operational. “NSS has chosen the state of Oklahoma …
Even as the Oklahoma Supreme Court will hear a challenge to a move by regulators to continue enforcing oil and gas regulations on what is considered to still be Indian land in the state, one tribe is telling oil and gas operators they have to start paying taxes to the tribe. The Oklahoman reported …