The Federal Energy Regulatory Commission has a decision to make—whether to consider the influence of activist shareholders on the decision-making of the Kansas-based utility Evergy. The nonprofit group Public Citizen, one that represents consumers is urging the FERC to recognize two investment firms as part of Evergy reported the Kansas Reflector. Click here for the …
Foundation to expand well plugging operations
Kansas could soon be the next site of the efforts of a Montana-based nonprofit that caps abandoned oil and gas wells to stop methane emissions. The Well Done Foundation got it start two years ago and plans to expand operations this fall according to a report by the Washington Post. Click here for Washington Post story.
Energy news in brief
** Oil prices rose on Monday, driven higher after the OPEC+ group of producers again called off talks on output levels, failing in its third attempt to resolve a deadlock on increasing production, and leaving the oil market facing tight summer supplies and rising prices, Reuters, Bloomberg and the Wall Street Journal reported. ** The …
Developers drop plans for Byhalia Connection in Memphis
Opponents of the proposed Byhalia Connection crude oil pipeline through Memphis are celebrating after Plains All American Pipeline and Valero Energy Corp. dropped plans to build the line. Considered one of the biggest environmental controversies in Memphis, the project would have put the line through mostly Black South Memphis neighborhoods. Click here to read …
Williams announces Upstream Operator and Joint Venture in the Wamsutter Field
Williams announced that it has finalized an upstream joint venture with Crowheart Energy in the Wamsutter Field of the Greater Green River Basin of Wyoming. The joint venture involves the consolidation of three legacy operating assets consisting of over 1.2 million net acres, over 3,500 operating wells, and more than 3,000 potential development …
Nation’s oil and gas rig count increased in past week
The number oil oil and gas rigs actively seeking new energy in the U.S. rose by 5 in the past week to reach 475 while Oklahoma’s numbers were unchanged. Oklahoma’s rig count remained at 27 compared to the 10 rigs reported one year ago this past week according to figures supplied by Baker Hughes …
Despite Friday slip, US crude oil prices remain above $75
Investors await Tuesday’s crude oil trading to see if US prices rebound from the Friday slip and whether European prices continue their climb upward. The drop in the benchmark U.S. crude oil prices also dragged some Oklahoma energy stocks with it. West Texas Intermediate crude oil for August delivery slipped 7 cents to $75.16 …
Gasoline demand results in drop in Cushing crude oil storage total
The summer driving season is here and with it an increased demand for gasoline which in turn caused a drop in the amount of domestic crude oil in storage at the Cushing hub in northern Oklahoma. Reports indicate inventories at Cushing fell by 1.5 million barrels in the week leading up to June 25 …
Railways to build operation to supply oil to Mexico
Kansas City Southern and Midstream Texas Operating LLC announced a long-term commercial agreement to provide truck-to-rail transloading services for petroleum and petrochemicals from Corpus Christi, Texas into Mexico. Operations are expected to begin in fourth quarter 2021. “KCS is looking forward to working with MTO to expand infrastructure to supply petroleum products to Mexico …
Energy news in brief
** General Motors Co is investing in a U.S. lithium project that could become the country’s largest by 2024, making the automaker one of the first to develop its own source of a battery metal crucial for the electrification of cars and trucks. ** Three major European truck manufacturers – Daimler Trucks, AB Volvo and Traton – …
