Maybe things weren’t as rosy as the picture was painted in the recent departure of Carl Giesler Jr. as CEO at Oklahoma City’s SandRidge Energy. At the time it was announced he left the firm to pursue other ventures. But now, Giesler has filed suit against SandRidge claiming it still owes him more than …
Crude oil inventories in Cushing, Oklahoma, are down more than 40% from start of 2021
Crude oil inventories in Cushing, Oklahoma, totaled 32.9 million barrels (excluding pipeline fill and stocks in transit by water and rail) in the week ending September 10, which is a 42% decrease since the beginning of the year reports the U.S. Energy Information Administration. Crude oil inventories at Cushing are now 26% lower than …
New Mexico public hearing on landmark oil/gas ozone rule underway
New Mexico started a public hearing this week on what its leaders call “landmark” environmental rules on the oil and gas industry. The hearing by the Environmental Improvement Board to consider the ozone precursor rule as proposed by the New Mexico Environment Department could last two weeks. NMED’s proposed rule would eliminate ozone precursor …
Oklahoma drivers pay nearly $1 more for gasoline
Drivers in Oklahoma are paying $0.95 on average more for a gallon of gasoline this week than a year ago. This week’s state average of $2.84 compares to $1.89 last year at this time reported the American Automobile Association. Gasoline prices in the state rose 2 cents over the past week but are 4 …
Carter County to see more drilling
Southern Oklahoma’s Carter County is a hot spot for more oil and gas drilling activity as four more permits were issued this week for the region. Tripledee Operating Company LLC based in Ardmore received two permits to recomplete for the CHEEK SCHOOL #1, to be drilled at 27 5S 1W, a site several miles southwest …
Wind farm fraud lands Arkansas man in prison
A man involved in a failed wind farm project in northwest Arkansas was sentenced this week to 10 months in federal prison and ordered to repay more than $422,000 to investors. Cody Fell worked for Dragonfly International at the time and pleaded guilty in 2018 to federal wire-fraud and tax-evasion charges. He was sentenced by …
Shell to leave Permian in $9.5 billion deal with ConocoPhillips
ConocoPhillips is shelling out $9.5 billion cash for Royal Dutch Shell Plc’s holding in the Permian Basin. Shell announced the big sale on Monday as part of its plan to close the door on its presence in the Basin. It is also seen as another step in Shell’s effort to cut greenhouse-gas emissions reported …
FFA chapters get STEM grants from Devon Energy
(Chandler FFA received a STEM Grant from Devon.) Four central Oklahoma FFA chapters will be able to expand science, technology, engineering and math (STEM) education with funds provided by Devon Energy. Chandler FFA will use the grant to purchase equipment to enhance the chapter’s watermelon production and research. Students grow watermelons on a 10-acre school farm to …
Oklahoma energy stocks hurt as oil drops 2%in Monday’s trading
A boost in the value of the U.S. dollar made oil more expensive for holders of other currencies resulting in a 2% drop in oil prices in Monday’s trading while Oklahoma energy stocks suffered with big losses. U.S. West Texas Intermediate crude fell 2.3% or $1.68 to end the day at $70.29 after slipping …
Buc-cee’s the answer to EV charging?
Ever pulled into a Buc-cee’s on an I-35 road trip in Texas? If you haven’t, you’re missing an experience. It’s like a Costco store for gas, food, clothes and anything else you might want to throw into the truck along with the gasoline in the tank. Now the chain store has the attention of …
