The number of drilling rigs in Oklahoma increased in the past week as the U.S. count grew by 9 to reach 512 oil and gas rigs reported Baker Hughes Co. Oklahoma’s count increased to 35 rigs while nationally, the increased count included 10 more oil rigs bringing the total to 411 while the number of …
BLM headquarters to return to Washington, D.C.
After the Bureau of Land Management headquarters under the Trump administration were moved out of Washington, D.C. to Grand Junction, Colorado, the Biden administration is reversing the decision. It is moving BLM headquarters back to D-C and converting the western Colorado site into a Western hub according to last week’s announcement by Interior Secretary …
Oil slipped in Friday’s trading, sending most Oklahoma energy stocks down too
After making slight gains earlier in the week, crude oil prices tumbled in Friday’s trading and sent many Oklahoma energy stocks on the same path. West Texas Intermediate crude dropped 64 cents and settled at $71.97 a barrel. Global benchmark Brent crude had a 33-cent fall and finished the day at $75.34 a barrel on …
Pioneer Natural Resources unloading Delaware Basin assets
Reports indicate Pioneer Natural Resources Co. has plans to sell its assets in the Delaware Basin with hopes of gaining $2 billion for the properties. Reuters reported the top U.S. shale oil producer has stronger hopes of streamlining its business and reducing debt. Click here for Reuters.
Colorado utilities want to raise rates after February winter storm
Four utilities in Colorado are before their state’s Public Utilities Commission asking for authority to raise rates because of the February winter storm, the same one that pounded Oklahoma and Texas. The PUC is set to hear requests from Black Hills Energy, Atmos Energy, Colorado Natural Gas, Inc., and Public Service Company of Colorado …
Energy news in brief
** A United Nations report compiles the latest scientific findings on climate change and shows a gathering disaster unless nations take swift, dramatic action to curb greenhouse gas emissions. The report’s key message is that global warming is occurring more rapidly, and with more quickly worsening effects, than most past models had predicted. ** The U.S. Energy Information …
Canada takes Keystone XL pipeline arguments to Texas federal court
Canada is in U.S. federal courts arguing the now-canceled Keystone XL pipeline can still move ahead despite the opposition of President Biden and his administration. The Canadian province of Alberta made its arguments this week before a federal judge in Galveston, Texas claiming that Biden illegally revoked a key permit for the pipeline, reported …
Arkansas wind fans excited about latest Oklahoma project to go online
The buzz is still being generated in Arkansas about the addition of an Oklahoma wind farm as part of the Southwestern Electric Power Company’s North Central Wind Project. As we reported last week, SWEPCO implemented the second commercial phase of the project in northern Oklahoma and eventually it will mean more than half of …
Governor proclaims Texas won’t become nuclear waste dumping ground
While the federal government has permitted a private firm to develop a nuclear waste site in West Texas, the governor has another view—his state won’t allow it. “”Texas will not become America’s nuclear waste dumping ground,” tweeted Gov. Greg Abbott who railed in light of the action this past week by the Nuclear Regulatory …
Crude oil prices manage to hold steady while OK energy stocks were weak
U.S. crude oil prices were unchanged and European oil managed only a slight increase in Thursday’s trading as the threat of Gulf crude production from Hurricane Nicholas retreated. The weak day in trading had the same affect on Oklahoma energy stocks. West Texas Intermediate crude finished the trading session unchanged and remained at $72.61 …
