A new $43 million natural gas pipeline will be built in West Texas by the United Kingdom-based Wood Group PLC. The company won the contract for the 80-mile line from a yet-to-be identified midstream company. The steel pipeline company says it anticipates employing about 200 workers for the project. “This is a strategic pipeline for …
ConocoPhillips has come out with its 2019 capital expenditure budget and operating plan totaling $6.1 billion including expected share repurchases of $3 billion for the year. The company described the new cap-ex budget as “flat” compared to 2018. In an announcement from its Houston, Texas headquarters, the company stated that it also expects 2019 production …
A tax fight in Arkansas by the Southwestern Energy Co. of Houston is leaving some school districts in the lurch. As Bloomberg News reported recently, a school district in Pangburn, Arkansas is feeling the strain as the $2.7 billion utility disputes its local tax bills. Southwestern Energy has reportedly filed lawsuits in six Arkansas …
Two subcommittees of the U.S. House Energy and Commerce Committee have scheduled hearings for this week. Oklahoma congressman Markwayne Mullin and others on the Subcommittee on Energy will hold a hearing Wednesday, Dec. 12 on “Public Private Partnerships for Federal Energy Management.” It will begin at 10:15 a.m. eastern time. Historically, the federal government has …
Drivers in Oklahoma’s major metro areas are seeing a continued drop in gasoline prices as they pull up to the pumps. GasBuddy reports prices have dropped about a penny a gallon in the past week in Oklahoma City where the new average is $1.96. The report is a result of GasBuddy’s daily survey of 669 …
Another small earthquake has been reported in southern Oklahoma while two more occurred over the weekend in the northern part of the state. They are the latest to be monitored closely by the Oklahoma Corporation Commission as state regulators attempt to control activity linked by scientists to wastewater well disposal operations. The southern quake measured …
The number of active oil and gas drilling rigs fell by three over the past week in Oklahoma to a level of 142. Figures from Baker Hughes Company also indicated the national count dropped one to 1,075. The number of oil rigs plunged by 10 to 877 while the number of gas-drilling rigs rose by …
A multi-well single pad drilled by Continental Resources Inc. in the STACK produced more than 6,000 barrels of oil a day for the Oklahoma City energy company. Three Jalou wells located about 5 miles northeast of the community of Greenfield in Blaine county had production of more than 2,000 Boed each. The largest of the …
Not just 14 counties, but all 77 counties in Oklahoma have been put under Governor Mary Fallin’s declaration of a state of emergency due to the severe winter weather that was forecast to hit the state. She took the action on Thursday before the storm actually hit the state, stating in her announcement, ” Because …
With “yea” votes from Oklahoma U.S. Senators Jim Inhofe and James Lankford, the U.S. Senate has confirmed President Trump’s pick for a key energy agency over objections from Democrats that the man is too biased. It was a 50-49 vote along party lines when Bernard McNamee was confirmed to the Federal Energy Regulatory Commission. He …