While crude inventories fell by more than 4 million barrels in the last week of August, stocks at the Cushing, Oklahoma hub for U.S. crude futures rose by 549,000 barrels. The U.S. Energy Information Agency reported the drop in inventories was 4.3 million barrels in the week to Aug. 31, far more than the 1.3 …
Democratic candidate for governor Drew Edmondson wants to raise taxes in Oklahoma and that includes returning the state’s gross production tax on oil and gas to 7 percent. In announcing his plan during a state capitol news conference with former OU President David Boren at his side, the former state attorney general also said he …
While Colorado prepares to vote in November on a proposed increase of the mandatory setback of oil and gas rigs from homes and businesses, the city of Denver finds itself in a quandry—of sorts. Several drilling companies have filed plans to drill south of the Denver International Airport and the eastern side of Aurora. Plans …
A $2 million lease to keep the Rio Grande river flowing through Albuquerque, New Mexico has been reached between federal water managers and a major utility. The lease was approved recently by the board of the Albuquerque Bernalillo County Water Utility Authority and will provide the U.S. Bureau of Reclamation with more water to preserve …
Dallas-based Pioneer Natural Resources Company, a firm that owns a gas processing plant and operates more than 700 wells in the Texas Panhandle plans to release its third quarter earnings report in November. The company said the release date will be Tuesday, Nov. 6 after the closing of trading on the New York Stock Exchange. …
Houston’s Cheniere Energy Partners, L.P., the firm building a new 200-mile pipeline carrying gas out of Oklahma’s STACK and SCOOP plays has priced an offering of more than $1 billion in Senior notes. The company said the $1.1 billion in Senior Notes due 2026 will bear interest at a rate of 5.625% per annum and …
Oklahoma Treasurer Ken Miller released August gross receipts showing there was double-digit expansion in the past year. August receipts totaled $995.1 million, an increase of 13.1% from August 2017. Gross receipts in the past year totaled $12.4 billion, which was a 11.9 percent increase. Both totals are record highs. As for the gross production taxes …
NextEra Energy Partners, the wind giant agreed this week to purchase eleven wind and solar projects, including those in Oklahoma from NextEra Energy Resources. It is a $1.275 billion purchase that includes $930 million in tax equity financing and $38 million in debt. The wind and solar assets include those in Oklahoma, Texas, Nevada, …
The Powder River Basin, where several Oklahoma energy companies have established a foothold in oil and gas exploration continues to get publicity over becoming the next big oil play in the U.S. Some of those Oklahoma firms, such as Rebellion Energy of Tulsa paid millions for acreage in Wyoming. One report indicated Rebellion plunked down …
Sold in Canada….Total’s oil sands project that had been closed for the past four years because of low prices. The French oil giant unloaded the project in Albrta to a Canadian energy company for more than $170 million U.S. dollars. The buyer is Canadian natural Resources Limited. Before the operation was shut down in 2014, …