Montana’s largest Bakken oil producer, Kraken Oil & Gas of Houston has engaged Denver-based Crusoe Energy Systems Inc. to deploy 18 Digital Flare Mitigation modules between three oil and gas production sites in eastern Montana and one site in North Dakota. Crusoe’s deployments with Kraken are the first of their kind in Montana, The projects …
Plains All American Pipeline, L.P. and Plains GP Holdings announced their quarterly distributions with respect to the third quarter of 2020. PAA announced a quarterly cash distribution of $0.18 per common unit ($0.72 per unit on an annualized basis), which is unchanged from the distribution paid in August 2020. PAGP announced a corresponding quarterly …
The Short Term Energy Outlook from the Department of Energy had good news for truckers in general and disappointing news for those companies and drivers that have seen demand for their services in the oil patch fall with the slide in the price of oil. In short, diesel prices will remain where they are …
Elon Musk’s goal of beaming high-speed internet to remote parts of the Earth using orbiting satellites just got a step closer to reality. And if you’re lucky, on a good clear early morning, you might be able to see his results orbiting over Oklahoma. SpaceX on Tuesday successfully launched a batch of 60 satellites, …
Houston-based CenterPoint Energy is the target of a recent Federal Power Act complaint filed by two consumer adversary groups with the Federal Energy Regulatory Commission. Public Citizen and Citizens Action Coalition of Indiana allege CenterPoint Energy failed to disclose its financial affiliation with New York-based hedge fund, Elliott Management Corp., led by billionaire Paul Elliott …
While crude oil futures took a hit in Wednesday’s trading, Oklahoma related energy companies managed to continue their gains. Alliance Resources dropped 7 cents for a 2.47% decline to $2.76. Blueknight Energy Partners closed down a dime or 1.70% to $5.78. Chesapeake Energy 10 cents for a 2.50% slide to $3.90 a share. Cypress Environmental Partners …
Stocks soared Wednesday, with the Dow up more than 500 points in afternoon trade Wednesday but oil futures didn’t follow suit. Analysts said the equity rally wasn’t necessarily all about rising prospects for targeted fiscal stimulus in the near term, but might reflect the idea that a more sweeping package would be in store once …
Oklahoma has created a new Oklahoma Pandemic Center for Innovation and Excellence which will be located in Stillwater and work closely with Oklahoma State University. The Oklahoma State Department of Health, in partnership with Governor Kevin Stitt and federal, state and private industry leadership, announced the establishment of the Center, the first center of its …
** A Government Accountability Office report finds the Interior Department failed to determine need before issuing $4.5 million in royalty cuts to oil producers as pandemic relief. ** The glut that drove natural gas prices to the lowest level in 25 years early in the summer isn’t over yet — and may drive U.S. inventories to their highest-ever …
Republican Texas Gov. Greg Abbott was the latest public official to oppose a proposed nuclear storage facility to be built near Carlsbad and Hobbs, along with another in West Texas. The Carlsbad Current-Argus reported that in a Sept. 30 letter to President Donald Trump, Abbott wrote that he worried locating high-level nuclear waste facilities in the Permian Basin …