With more producers turning their wells back on and the Cushing tank farm supplies dropping more than 2 million barrels last week, oil futures were up Tuesday both in the US and overseas. West Texas Intermediate July futures rose $1.37 or nearly 4% to settle at $36.81 a barrel in trading on the New York …
Oklahoma regulators to consider prorationing of crude production
Oklahoma regulators could likely vote Wednesday to approve a prorationing of oil production in the state after being requested to make the move in April by industry groups contending the low price of crude oil resulted in a “waste” of the product. However, oil and gas operators are split on the issue and some oppose …
Wildlife Federation sides with OK Gov Stitt in biofuels waiver stand
In a move supportive of Oklahoma Gov. Kevin Stitt and a few others, the National Wildlife Federation believes EPA’s Andrew Wheeler should use the agency’s waiver authority to reduce blending requirements under the Renewable Fuel Standard. The green group, one of a handful of enviros to engage in the biofuels program in recent years, said in …
After saying no to a Williams pipeline, New Jersey decides to investigate
After turning down Tulsa’s Williams Cos.’ expansion of a natural gas line, New Jersey now has started an investigation into whether the state has enough natural gas capacity to serve its customers in the next decade. The proceeding, sought by both gas utilities and conservation groups opposed to the buildout in recent years, aims to …
Energy news in brief
** Plunging costs of renewables mark a turning point in a global transition to low-carbon energy, with new solar or wind farms increasingly cheaper to build than running existing coal plants, according to a report published on Tuesday. ** The amount of natural gas flowing on pipelines to U.S. liquefied natural gas export plants is at its …
Court ruling forces HollyFrontier to end petroleum refining in Wyoming
An unfavorable court ruling on biofuel waivers has led HollyFrontier Corporation, owner and operators of refineries in Tulsa, Oklahoma, Kansas and other states to end its petroleum refining operation after 86 years in Cheyenne, Wyoming and instead convert it to renewable diesel production as part of a nearly $750 million effort company wide. The …
Investors sought by Helmerich and Payne
Helmerich & Payne, Inc. announced that John Lindsay, President and CEO, Mark Smith, Senior Vice President and CFO, and Dave Wilson, Director of Investor Relations, plan to participate in the following investor conferences during the month of June 2020: The 2020 RBC Capital Markets Global Energy and Power Executive Virtual Conference on Wednesday, June …
SandRidge makes amended SEC filing
Oklahoma City-based SandRidge Energy filed an amended quarterly report with the Securities Exchange Commission. It involved an explanation for the delay of its original Form 10-Q to be filed following the quarterly period that ended March 31. The company said the explanatory note was “inadvertently omitted from the Form 10-Q,” a note that said …
Net metering for solar power delayed for now in Arkansas
Solar advocates won at least a temporary victory Monday when the Arkansas Public Service Commission issued an order maintaining current rate structures for existing residential and rooftop solar-power users through the end of 2022. Electric utility providers, however, can seek a grid fee on new commercial and industrial solar projects. That fee is not in …
EPA leader strips some environmental power from states
Under a move this week by Environmental Protection Agency Chief Andrew Wheeler, the permit process used by New York and New Jersey denying Tulsa’s Williams Cos. a major natural gas line project will no longer be allowed. Wheeler signed a rule that limits state powers to block some energy infrastructure projects as the Northeast …