A stunning reversal. It’s the picture painted about the stockpile of crude oil at the Cushing oil hub in northern Oklahoma. As OK Energy Today reported, the Cushing hub held 31.2 million barrels as of Oct. 15, a 2.3% drop from the previous week. A year ago, Cushing had 60.4 million barrels in storage …
Oklahoma regulators close look into energy storage
After listening for nearly 90 minutes to consumer groups and staff recommendations, Oklahoma Corporation Commissioners on Thursday formally agreed to close an inquiry into the development of energy storage in the state. “We kept it open much longer than normal,” said Brandy Wreath, Director of the Commission’s Public Utilities Division. “We do not have …
Crude prices couldn’t hang on to high levels
Crude prices took a hit in Thursday’s trading falling more than $1 a barrel both in the US and in Europe and they took Oklahoma energy stocks with them in the downward slide. West Texas Intermediate crude for December delivery dropped $1.37 to $82.50 a barrel in trading on the New York Mercantile Exchange. Global …
Slight increase in US rig activity reported by Enverus
The U.S. rig count inched up by one in the last week to 639 as of Oct. 20, according to Enverus Rig Analytics. The count is up 4% over the last month and up 95% in the last year. The largest week-over-week changes occurred in the Gulf Coast, where four rigs were added. The …
New Mexico officials want power plant demolished once retired
As the Public Service Company of New Mexico plans next year to close its coal-fired San Juan Generating Station near Farmington, county officials have taken steps to require the company to demolish the plant after its closure. The New Mexico Political Report says San Juan County officials expressed worries the plant would become an …
Not everyone wants Eastern Colorado wind farms
Pushback against development of wind farms in eastern Colorado is reported to be growing. One leader of a newly-organized movement says it’s time to stop sacrificing agricultural land for “big-city living.” Click here for Colorado Public Radio report.
Lock in Daylight Saving Time?
One Oklahoma state senator is looking into the benefits of making Daylight Saving Time the official time year round in Oklahoma. The McCarville Report says it comes as we prepare to “fall back” one hour Nov. 7. Click here for McCarville Report.
Additional energy stories in brief
** North Dakota can continue to pursue reimbursement from the federal government of the millions of dollars spent policing protests against the Dakota Access oil pipeline, a judge has ruled. U.S. District Court Judge Daniel Traynor on Tuesday denied the federal government’s motion to dismiss North Dakota’s attempt to recover more than $38 million from the monthslong …
Empire Petroleum names 2 new directors
Tulsa’s Empire Petroleum Corporation announced the addition of two members to its board of directors—industry executives Phil Mulacek and Ben Marchive. They joined the board immediately this week after getting unanimous approval. “It’s been a pleasure to work with Phil over the last year, first as joint development partner in our Fort Trinidad Field, …
Completions and new drilling in Oklahoma
Sometimes multi-wells drilled on a single pad don’t produce what was anticipated proving that drilling can be a risky business. Such is the case in Carter County where Kodiak Oil & Gas Inc. drilled four wells on a single pad at 27 4S 2W, a site at the northeast side of the town of Wilson. All …
