Wednesday was an eventful day for Blueknight Energy Partners, L.P. in Oklahoma City. The company was officially and formally merged with Mississippi-based Ergon Asphalt & Emulsions Inc. and went from a publicly-traded company to a private firm totally owned by Ergon. Ergon announced the transaction was completed Wednesday after Ergon purchased the General Partner …
Undecideds up for grabs in Corporation Commission GOP runoff
In the few days before the state’s primary run-off election, one political poll suggested a lot of voters either aren’t sure who to support in the GOP Corporation Commission run-off race, don’t know much about the candidates or haven’t bothered to learn anything about them. The Oklahoman reported former state Senator Kim David had an …
Headlines from the US and world
** North Dakota receives no bids from developers to build a cross-state natural gas pipeline to supply planned agricultural processing plants. ** Activists continue their fight against the Mountain Valley Pipeline even after West Virginia Democratic Sen. Joe Manchin conditioned his approval of climate legislation on its completion. ** Former Vice President Al Gore, who held the first congressional hearings on climate …
Continental promotes Lawler to President and COO
Continental Resources, Inc. announced Doug Lawler is being promoted to President and Chief Operating Officer of the Oklahoma City-based company, this after he joined the company early this year following his abrupt removal in 2021 as head of Chesapeake Energy. Doug joined Continental in February as Chief Operating Officer and Executive Vice President following three decades …
New Mexico to see more record revenue from oil and gas
New Mexico, the state led by a Democratic governor and legislature that continues to put more restrictions on its successful oil and gas industry also stands to reap record benefits from the very industry it criticizes. The Santa Fe New Mexican reports as a result of New Mexico’s booming oil and gas industry, there …
Fewer pipelines built nationally in 2021
“Fewer petroleum liquids pipelines completed in 2021.” That’s the headline in a report this week issued by the U.S. Energy Information Administration. In 2021, pipeline companies completed 14 petroleum liquids pipelines projects in the United States, according to the U.S. Energy Information Administration’s Liquids Pipeline Projects Database. This includes seven crude oil pipeline projects and seven …
Slight gain in crude oil in storage at Cushing hub while nation sees drawdown in volumes
While the nation saw an unexpected drawdown in U.S. crude stocks, the amount of crude oil in storage at the Cushing hub in Oklahoma saw a slight gain in volumes in the past week. The U.S. Energy Information Administration reported Cushing held 25.4 million barrels as of August 12, up 200,000 barrels from August …
Environmental group sues feds over failure to protect lesser prairie chicken
The U.S. Fish and Wildlife Service is being sued by an environmental group for not moving quickly enough to offer more protections for the lesser prairie chicken that exists in Oklahoma, New Mexico and other states. The Center for Biological Diversity was critical of the government agency for not declaring the bird “endangered” in the …
Crude oil rose on Wednesday after oil drawdown in US
A steeper than expected drawdown in U.S. crude stocks led to a slight increase in crude oil prices on Wednesday. Some Oklahoma energy stocks responded with strong trading for the day. Crude went up 1.5% after Wednesday’s six-month low. Analysts suggested the drawdown outweighed worries about increased Russian output and exports. West Texas …
Franchise tax issue on winter storm bonds to be considered
Oklahoma Corporation Commissioners might consider a vote Thursday morning on the issue that hundreds of millions of dollars in local and state taxes won’t be collected because of the bond securitization used by ONG, OGE, PSO and Summit Utilities in covering their 2021 Winter Storm Uri costs. The commission’s Public Utilities Division raised the …
