Colorado regulators apparently have eased off proposed rules to protect the state from abandoned oil and gas wells. Reports indicate the Colorado Oil and Gas Conservation Commission has released a revised plan that is welcomed by the oil and gas industry but certainly not by environmentalists. The commission’s new proposed rule no longer includes …
Phillips 66 announces refinery change
Phillips 66 says it’s converting its Alliance Refinery in Belle Chasse, Louisiana into a terminal facility in the coming year after the operation suffered more than $1 billion damage from a recent hurricane. As a result, some 900 jobs are in jeopardy. Damage from Hurricane Ida, and the cost to fix it, has led …
Industrial conglomerate pioneer GE to break up
General Electric announced it is splitting into three public companies in a move to simplify its business, cut debt and perhaps get new life into a struggling share price. The company was known for its 2016 opening of the GE Global Research Center in Oklahoma City. Two years later after GE acquired Baker Hughes …
New Mexico’s Eddy County to aid West Texas emergency calls in Permian Basin
With the help of a $65,000 donation from Chevron and assistance from Cimarex Energy, Eddy County, New Mexico says it will respond to Permian Basin emergencies on the Texas side of the state line. The two energy companies took the action with hopes of boosting emergency response in West Texas counties near Carlsbad through …
SandRidge to release 3Q results on Tuesday
Third quarter financial results will be made known Tuesday by Oklahoma City’s SandRidge Energy, Inc. as investors wait to learn if the company improved on its second quarter results. The report will be made public after the close of trading later in the day and the company will follow up with a conference call …
Crude oil makes a comeback–so do Oklahoma energy stocks
Crude oil prices are making a slow return to higher levels following losses from last week and rose more than half a dollar in Monday’s trading. At the same time, Oklahoma energy stocks made gains too. West Texas Intermediate crude for December delivery went up 66 cents to settle at $81.93 a barrel in …
Cheapest electrical rates in the US are in Oklahoma
Oklahoma has some of the cheapest electricity in the country according to the U.S. Energy Information Administration. The state’s 2020 average cost of 7.63 cents per kilowatt hour wass 50th in the U.S., just slightly higher than the 7.51 cents per kilowatt hour by 51st ranked Louisiana. The EIA says the highest prices are …
Tar Creek Trustees invite public to comment on draft restoration plan/environmental assessment
The public is getting a chance to review a proposed $8 million plan to restore Oklahoma’s notorious Tar Creek Superfund site. The Tar Creek Trustees announced they are seeking comments on what is known as the Draft Phase 1 Restoration Plan/Environmental Assessment of the heavy mining area of northeast Oklahoma. The draft was drawn …
So much for ‘warm’ weather in Oklahoma
Enjoy it while you can—the warm weather in Oklahoma. It’ll come crashing to a cold end at mid-week according to Oklahoma Climatologist Gary McManus who marveled at the weekend high temperatures. “HOLY FLOUNDER, BATMAN! Yeah, not the same oomph, but did you see Beaver hit 90 degrees yesterday? (Sunday) Goodness, what does that make Ward …
“Exit fee” proposed by ONG for departing customers
A report by HuffPost says Oklahoma Natural Gas wants to charge customers who switch to electric stoves and heating systems a nearly $1,400 “exit fee” to disconnect gas service. The report suggests if it’s allowed by the Oklahoma Corporation Commission, a proposal being heard by an Administrative Law Judge, it might set a precedent …
