Crude oil prices made gains on Tuesday after there were signals from U.S. data indicating that inflation might be starting to decline. West Texas Intermediate crude for December delivery recorded a $1.05 a barrel gain or more than 1% to settle at $86.92 on the New York Mercantile Exchange. Global benchmark Brent crude for …
McGirt strikes again—Oklahoma loses mining enforcement fight
Oklahoma lost a challenge in federal court to continue its regulation of coal mining operations on the Creek Reservation in eastern Oklahoma—thanks to the Supreme Court McGirt v. Oklahoma ruling that said the Reservation had never been disestablished. In a ruling issued last week, the 10th U.S. Circuit Court of Appeals upheld previous decisions …
Enviros get millions to target oil and gas operations in Colorado
A handful of environmental groups in Colorado received nearly $3 million in EPA grants to monitor air pollution from oil and gas operations in the state. The Colorado Sun reported the largest of the grant was $500,000 and was awarded to 350 Colorado to use a mobile van to monitor fracking operations near Greeley. …
Company fined over booster station fire in New Mexico
A natural gas booster station fire last month in the Permian Basin that injured two workers in New Mexico led to a fine leveled by the New Mexico Oil Conservation Division. DCP Operating Company was fined nearly $67,000 over the incident near Artesia reported the Carlsbad Current-Argus. Click here for Current-Argus
Empire Petroleum executive stepping down
Tulsa’s Empire Petroleum is on the hunt for a new Chief Accounting Officer. The company announced Monday that Angela M. Baker had informed the firm on Nov. 7 of her intentions to resign effective Nov. 30 of this year. No reason was given in a filing made by the company with the Securities and …
Slight increase in crude production forecast for Permian Basin
A new government report anticipates an increase in Permian Basin oil and gas production from November to December while the Anadarko Basin will stay steady. The EIA forecast total Permian Basin production is expected to increase from 5,460,000 barrels a day in November to 5,499,000 barrels a day in December. Natural gas production will …
U.S. electricity customers averaged seven hours of power interruptions in 2021
A new report didn’t reveal how long Oklahomans suffered during power outages in 2021, but at least the state wasn’t in the top ten list of the lengthy of those interruptions. On average, U.S. electricity customers experienced just over seven hours of electric power interruptions in 2021, almost an hour less than in 2020 …
Tinker Air Force Base to be possible site for new refueling tanker facility
The Air Force announced plans to hold an open house and meeting as it considers Tinker Air Force Base as one of 3 sites for to base a dozen of its new KC-46A tankers. The public meeting and open house will be held Dec. 1 at the Sheraton Midwest City Hotel and Reed Conference …
Empire Petroleum reports increased revenues in 3Q
Tulsa-based Empire Petroleum announced third quarter financial results this week showing $14.8 million in recorded revenue with net income of $0.2 million or one cent a diluted share. Adjusted net income was $3.7 million or 16 cents per diluted share. The firm stated it generated adjusted EBITDA of $4.8 million or $23.36 per barrel …
Oklahoma shares in settlement of lawsuit against Google
Oklahoma will get nearly $7 million as its share in a $391 million settlement Google reached with 40 states who sued over the company’s location tracking practices. Attorney General John O’Connor announced the state’s share of the agreement according to the McCarville Report. Click here for McCarville Report
