As Brent crude prices jumped to their highest level in four years, crude prices closed in the U.S. at more than $72 a barrel in Monday’s trading on the New York Mercantile Exchange. Prices for West Texas Intermediate crude, set at the Cushing hub closed Monday at $72.27 a barrel, an increase of $1.49 or …
Key Energy proposes merger with Basic Energy Services
Houston’s Key Energy, the Texas company with a regional office in El Reno and operations throughout Oklahoma announced Monday a proposal to combine with Basic Energy Services in an all-stock merger. Key sent letters to management and Basic’s Board of Directors on September 20 and again on Sept. 23 outlining the merger proposal and a …
Keystone XL pipeline enters 2nd decade of construction efforts
Hard to believe but efforts to complete the Keystone XL pipeline are entering their second decade. That’s right. It was more than a decade ago when TransCanada first applied to build the pipeline to carry tar sands oil from Alberta, Canada to the Texas Gulf Coast. A lot has happened in the oil and gas …
Aging Tulsa Levee system gets attention of Rep. Mullin
As a member of the U.S. House Energy and Commerce Committee, Oklahoma Rep. Markwayne Mullin recently toured the Tulsa County Levee system. He said the levee, built in the 1940s is “long overdue for maintenance.” The Republican Representative explained the U.S. Army Corps of Engineers has provided funding to study the issue and make improvements. …
Enable Midstream Partners announces development of another new pipeline system
Oklahoma City-based Enable Midstream Partners, LP announced the development of the Gulf Run Pipeline, an interstate natural gas transportation project, by its wholly-owned subsidiary Enable Gulf Run Transmission, LLC. The company is adding another 165 miles of pipeline to the 13,300 miles of pipeline it already owns and operates. The Gulf Run Pipeline project is …
OGE crews expected back in Oklahoma by Tuesday
OGE line crews who left nearly two weeks ago to help with electrical power restoration following Hurricane Florence in North Carolina are expected home by Tuesday. The 79-member team of line crews and resource personnel were expected at their respective service districts. The crew members were deployed to help Duke Energy with restoration efforts related …
Earthquake update in northern Oklahoma
Another small earthquake was recorded in northern Oklahoma over the weekend. It was late Sunday night just west of Cushing, according to the U.S. Geological Survey and measured 2.7 magnitude. It happened close to the site of the largest earthquake ever recorded in the state. It was a 5.8 magnitude quake in September 2016 near …
Flooded North Carolina coal ash dump flows into nearby river
From the Associated Press: Gray muck is flowing into the Cape Fear River from the site of a dam breach at a Wilmington, North Carolina power plant where an old coal ash dump had been covered over by Florence’s floodwaters. Forecasters predicted the water will continue to rise through the weekend at the L.V. Sutton …
Gasoline prices jump in OKC
– Gasoline prices in Oklahoma City have risen 5.0 cents per gallon in the past week, averaging $2.61/g yesterday, according to GasBuddy’s daily survey of 669 stations in Oklahoma City. This compares with the national average that has fallen 0.8 cents per gallon versus last week to $2.83/g, according to GasBuddy. Average gasoline prices on …
Oklahoma and national rig counts slipped in past week
Most of the oil and gas producing states reported little growth in rig activity in the past week, with the exception of Texas. Oklahoma saw a drop of 3 to 136 working rigs compared to 127 a year ago. Nationally, the count fell by two to 1,053, still 118 more than a year ago. The …