The shutdown of nine wastewater wells by state regulators folllowing last week’s 5.1 magnitude earthquake centered near Prague will be indefinite according to a spokesman for the Oklahoma Corporation Commission. Matt Skinner said the wells, suspected of possibly causing the large quake and dozens of others from aftershock, will be closed while scientists study …
Residents stop frac sand mine proposed in eastern Missouri
(David Carson, Post-Dispatch) Residents who fought a proposed silica sand mine in eastern Missouri contend they won the fight after the company withdrew its lawsuit over a restrictive County ordinance. It was in Ste. Genevieve County where residents opposed the 249-acre site proposed two years ago. They formed Operation Sand and argued the mining …
Energy quick reads
** One person is dead following a sudden explosion at a petroleum pumping station in Cass County, Michigan.The Cass County Sheriff’s Office says two men were working at the oil pumping station when it exploded. ** The Senate’s border and Ukraine spending package contains more than $2 billion in funds for uranium processing, as the U.S. …
Vital Energy adds West Texas wells in $78 million acquisition
Tulsa’s Vital Energy, Inc. made another expansion of its Permian Basin holdings with a $78 million acquisition of producing wells from Midland, Texas operator Henry Energy LP, Moriah Henry Partners LLC and Henry Resources LLC. The purchase increases Vital Energy’s working interest in 54 producing, low-decline wells by an average of 67%, increasing the Company’s …
House Republicans demand Biden lift his freeze of new LNG ports
(Creator: J. Scott Applewhite | Credit: AP) Four Oklahomans in the U.S. House were among more than 150 Republicans who sent a letter to the President this week, blasting his freezing of permits for new LNG projects across the nation. At least seven Democrats also sent a similar letter to the White House, critical of the …
Crude oil prices made gains on Monday but not Oklahoma energy stocks
Crude oil up about 1% but Oklahoma energy stocks dropped in Monday’s trading—one firm falling 4%. Oil prices rose about a dollar a barrel as traders and investors are still overly concerned about the Middle East tensions and how they might affect global supplies. US benchmark, West Texas Intermediate crude actually finished up 50 …
Sen. Mullin challenges Biden with “Unlocking LNG” act
Even before President Biden left U.S. energy supporters puzzled over his moratorium on development of LNG ports and operations in the nation, there had been an effort in the House to unlock domestic LNG potential. It won approval in the House but stalled in the Democrat-controlled Senate, and thus prompted Oklahoma U.S. Sen. …
Governor Stitt wants more energy companies to locate in Oklahoma
Oklahoma Gov. Kevin Stitt, in his 6th State of the State address to the state legislature stressed that “government is not the answer” to our challenges and instead focused on making Oklahoma the “business capital of the world.” From an energy viewpoint, it was 14 minutes into his adddress on Monday when Gov. Stitt …
Devon honored by JUST Capital
Oklahoma City’s Devon Energy has been named to the JUST 100 list which maintained by JUST Capital and recognizes America’s best corporate citizens. Devon was ranked No. 80 on the list out of 937 companies. It was also the second highest of 23 oil and gas companies. The JUST 100 identifies companies that set the …
NGL wraps up nearly $3 billion in refinancing
Tulsa’s NGL Energy Partners LP recently closed $2.9 billion in refinancing transactions. The company, in an announcement, said it used its wholly owned subsidiaries NGL Energy Operating LLC and NGL Energy Finance Corp. to make the closing. The refinancing consisted of their previously announced $2.2 billion senior secured notes offering of $900 million in …