Crude oil prices managed a big jump in Tuesday’s trading as they settled higher than $72 a barrel in the US and nearly $74 a barrel overseas and reached their highest prices since October 2018. West Texas Intermediate crude for July delivery rose $1.24 to finish the day at $72.12 a barrel. Global benchmark …
Ascent Resources and Cheniere Energy collaborate
Oklahoma City’s Ascent Resources Utica LLC is one of a handful of companies collaborating with Cheniere Energy, Inc. in a project to improve greenhouse gas emissions performance at natural gas production sites. Cheniere is considered the largest producer of liquefied natural gas in the U.S. and announced its collaboration with five natural gas producers …
Jim Thorpe building opens to general public
The Oklahoma Corporation Commission’s Jim Thorpe headquarters building opened to the general public on Tuesday but with some restrictions following the year-long closure caused by the pandemic. Stacy Bonner, Chief of Operations stated in an announcement this week that the first floor courtrooms would continue to be open for protested oil and gas hearings …
Devon and Ovintiv try more STACK exploration
Devon Energy is trying more STACK exploration in Oklahoma as the firm received drilling permits this week for five wells on a single pad in Canadian County. The OTTO 31_30_19-15N-9W wells will be located on a site at 06 14N 9W which is about 8 miles north of Calumet. Ovintiv Mid-Continent Inc. also plans some …
Key Energy reports jump in oilfield service business
Key Energy reported Tuesday that despite the impacts of the winter storm Uri, its first quarter 2021 consolidated revenue increased nearly 11% over the fourth quarter of 2020. The Houston company, with operations throughout Oklahoma said its first quarter revenue increased $5.2 million and reached $52.4 million compared to the $47.2 million in revenue reported …
Market update to come from ConocoPhillips
ConocoPhillips announced Tuesday it will host a virtual market update on Wednesday, June 30 beginning at 9:00 a.m. Central time. The meeting will feature presentations by ConocoPhillips executives, including Chairman and Chief Executive Officer Ryan Lance. A live webcast of the meeting will be made available on the ConocoPhillips Investor Relations website, www.conocophillips.com/investor. The event …
Texas heat wave hits power grid
The heat wave hasn’t hit Oklahoma as hard as it has Texas where the state’s power grid operator is asking consumers to conserve electricity. The state’s facing a record-setting demand and after 11,000 megawatts of generation was removed for repairs, it’s become a challenge. Some parts of Texas have hit 100 degrees and it …
Oklahoma’s solar expansion improves
Oklahoma’s national ranking for installed solar capacity saw a slight improvement in the first part of 2021 according to a quarterly report this week from the Solar Energy Industries Association. Oklahoma ranked 36th nationally for its solar installations, up from 40 in the first quarter of 2020 and markedly better than the 47th ranking …
Major saltwater spill hits farmer’s wheatfield
A farmer’s wheatfield in far western North Dakota was hit with an 1,800 barrel saltwater spill in recent days. The spill involved 75,600 gallons of fluid according to Goodnight Midstream. The Bismarck Tribune says the land is likely to be permanently lost to farming because of the saltwater. Click here for Bismarck Tribune.
Residents say a Nebraska ethanol plant is an environmental disaster
Complaints are growing of reported health problems while Nebraska officials attempt to close an ethanol plant that makes fuel from seeds treated with pesticides. The plant near Mead, Nebraska is owned by AltEn and has become an environmental disaster according to residents who live nearby. While most ethanol is produced using …
