ONEOK, Inc. is taking part this week in virtual meetings at the Barclays CEO Energy-Power Conference. The conference began Wednesday and continues through Thursday. ONEOK management will participate in a fireside chat session at 9:10 a.m. Eastern Daylight Time (8:10 a.m. Central Daylight Time) on Thursday, Sept. 9. A link to the live webcast, …
Oklahoma moves to No. 7 in national highway bridge conditions
One year after becoming a Top Ten State for highway bridge conditions, Oklahoma has managed to keep the pace and run up the score – moving from No. 9 in the nation to No. 7 among states with the lowest percentages of structurally deficient bridges on the highway system in 2020. Oklahoma was once near …
Major gas well discovery in western Oklahoma
Custer County in western Oklahoma is the site of a large gas well discovery by Continental Resources. The Oklahoma City-based energy company filed a recent completion report with the Oklahoma Corporation Commission showing production of 29,631 Mcf of natural gas. It’s not considered a ‘gigantic’ well in terms of production but still has significant …
Hidden hazardous waste site slows OKC Park expansion
The MAPS 3 plan to expand Oklahoma City’s Scissortail Park has been hit with a major problem in the discovery of a buried pit of crushed battery casings—a hazardous waste site. The Oklahoman reported this week the disposal of the newly-found site has already cost the MAPS 3 budget $400,000 and most cost lies …
Helmerich and Payne invests in Abu Dhabi drilling company’s IPO
Tulsa’s Helmerich & Payne Inc. announced it has agreed to sell $86.5 million in 8 of its drilling rigs to a subsidiary of the Abu Dhabi National Oil Company but also making a $100 million investment in the firms announced Initial Public Offering. The Abu Dhabi National Oil Company and its subsidiary ADNOC Drilling …
Share buyback program announced by Williams Cos.
The Williams Cos. in Tulsa announced a $1.5 billion share repurchase program that is effective immediately. The board of directors gave the authority for the program to buy up the amount of the firm’s outstanding common stock. “With a strong balance sheet and excess free cash flow, we are well positioned to execute on …
Energy news in brief
** Occidental Petroleum Corp on Wednesday said in a securities filing seven of its 10 offshore oil production platforms in the U.S. Gulf of Mexico remain offline since Hurricane Ida. ** Experts say tens of thousands of people may abandon Louisiana after Ida, similar to the mass exodus that took place after Hurricane Katrina. ** A leak of …
Town sues over tribal meat processing plant near Glenpool
The Muskogee Phoenix reports residents of the eastern Oklahoma town of Winchester are going to court against the Muscogee Nation in a fight to shut down a new tribal-funded meat processing operation. The paper says the town and five families are accusing the Looped Square Meat Processing Co. plant of violating environmental laws under the …
Natural gas hits 7-year high
Watch what U.S. natural gas prices are doing after they soared to a seven-year high this week…just months ahead of the winter-heating season. The approaching winter season isn’t the only reason prices are climbing. There’s also concern over the prospects of a supply crunch reported Bloomberg. Click here for Bloomberg report.
Hyperloop Prototype to be built and tested near Pueblo, Colorado
A 23,000 acre former U.S. Army Chemical depot near Pueblo, Colorado will become a new testing site for an experimental transportation technology known as hyperloop. Freight Waves reports Swiss-American startup Swisspod agreed with Transportation Technology Center Inc. to build and test a full-scale prototype of its hyperloop system at the site about 20 miles …
