Three years after Sunoco, Inc. was ordered to pay nearly $156 million for the oil it produced from an Oklahoma well, it has been ordered to pay another $500,000 in attorney fees in the continuing case and nearly twice as much in reimbursements. The Tenth U.S. Circuit Court of Appeals recently awarded the fees …
Oklahoma’s STACK play to see more exploration
With historic oil and gas production, the STACK play in Oklahoma will definitely see more exploration, courtesy of more energy companies. Some of the latest permits to drill approved by the state Corporation Commission included wells in Blaine and Kingfisher Counties. As OK Energy Today reported last week, other firms had also received permits …
Latest bills by Rep. Lucas focus on partnerships in energy and ag research
The separate research efforts carried out by the Department of Energy and the Department of Agriculture are a concern to Oklahoma Congressman Frank Lucas and others on the House Science, Space and Technology Committee. Lucas and others have introduced two bipartisan bills to advance opportunities for the Energy Department to strengthen longstanding interagency research …
Vital’s annual May meeting set to be in-person unless COVID interferes
Vital Energy’s annual meeting has been set for May 25 in Tulsa. While the company plans it to be an “in person” meeting, leadership says the public health impact of COVID-19 could still result in a virtual meeting. It could also result in an in-person meeting with required wearing of a mask. “Alternatively, we are …
Vandals hit Arkansas solar panels leaving $160,000 in damages
Someone had it in for the solar panels used to provide power in the city of Midland, Arkansas. They destroyed more than $160,000 in solar panels in recent weeks. The vandalism was recently discovered and sheriff’s officers believe it occurred since February. Midland is located south of Fort Smith, Arkansas and just east of …
Manchin’s energy permitting reforms get major support
Led by the U.S. Chamber of Commerce, a coalition of lobbying groups wants Congress to approve the energy permitting reforms pushed by West Virginia U.S. Sen. Joe Manchin and to do so by the end of summer. Oil and renewable energy industries are also included among the groups such as the American Petroleum Institute …
Energy Transfer expands midstream holdings in new deal
Two years after Energy Transfer LP acquired Oklahoma City’s Enable Midstream in a $7 billion deal, the firm announced this week the acquisition of Lotus Midstream LLC and its 3,000-mile pipeline system in a $1.45 billion agreement. Lotus is an affiliate of EnCap Flatrock Midstream and the deal also involved approximately 44.5 million newly …
Quick energy reads
** The Iowa Supreme Court temporarily blocks a state law that had given incumbent utilities first rights to build new transmission projects, a case that could have high stakes amid plans for a major transmission buildout. ** A federal judge rules BNSF Railway violated terms of an easement agreement by running 100-car oil trains across the Swinomish Indian Tribal …
More storm cost questions are being raised by Corporation Commissioner Anthony
Oklahoma Corporation Commissioner Bob Anthony is not finished with his continuing efforts to get to the bottom of the excessive fuel costs that led to the controversial securitization of the 2021 winter storm costs by utilities in Oklahoma. He is raising many more questions in his desire to get answers about costs and why …
Iraq’s crude oil activity sends prices up in the U.S. and the world
Crude oil prices jumped more than $3 in Monday’s trading and Oklahoma energy stocks had an equally strong day with one firm recording a more than 11% gain for the day. Experts say Iraq’s halt on some crude exports from its Kurdistan region gave a shot in the arm to crude oil prices. West …