Another leg of American Electric Power’s three wind-farm power project in Oklahoma was able to secure construction financing. Invenergy obtained the money to build its 999 MW Traverse wind Energy center in Custer, Blaine and Kingfisher counties. Traverse is the largest of the three wind farms developed by Invenergy for AEP according to a …
Oklahoma U.S. Sen. James Lankford used his questions during a Senate Committee Hearing on nuclear energy to point out the efforts of the Biden administration and its environmental supporters to reach zero emissions by 2050 would mean at least 100 or more new nuclear energy power plants would be needed. He pressed his …
Amidst growing pressure over a container ship’s blocking of the Suez canal and its impact on natural gas prices and other energy aspects, oil prices rebounded on Friday bringing Oklahoma energy stocks with it. West Texas Intermediate crude for May delivery went up $2.41 to finish the day at $60.97 a barrel in …
Changes are coming for telephone customers in the 405 area code in Oklahoma. Starting April 24, all local calls within 405 will require 10 digit dialing (area code + local number) according to an announcement by the Oklahoma Corporation Commission. The agency stated that the move to 10-digit dialing for local 405 area code calls …
Dallas-based Tall Oak Midstream expanded its Oklahoma holdings with the recent acquisition of Redcliff Midstream, a provider of gas gathering, treating and processing services to producers in Oklahoma’s STACK play. Neither company disclosed the financial amounts involved. Redcliff Midstream, founded in 2017 as a wholly owned subsidiary of Canyon Midstream Partners II, LLC …
** Oil prices could be affected if an anticipated high tide doesn’t remove a massive container ship that is blocking the Suez canal. “If the high tide fails to move the ship, we could see another short squeeze in oil with extended drawdowns in inventories,” Phillip Streible, chief market strategist at Blue Line Futures, told MarketWatch. ** …
A report suggests that Oklahoma City’s Chesapeake Energy Corp. is one of two firms reportedly interested in acquiring Alta Resources of Houston just a few months after emerging from bankruptcy. Bloomberg reported that Alta Resources, a closely held natural gas explorer drew the interest of potential buyers. Chesapeake Energy and EQT Corp. were among those …
The number of DUCS, drilled uncompleted wells in Oklahoma and other oil-producing states is shrinking according to a report by Bloomberg. The new group said the number of the DUCs is expected to decline to less than 5,000 by the final three months of 2021. That’s a drop of nearly 2,000 wells compared to …
In the Biden administration’s latest move against the oil and gas industry, it has launched a review to weigh the value of the federal drilling program to taxpayers against the environmental costs. It’s part of President Biden’s free of new drilling lease auctions, an action he took in the first days of his presidency …
Crude oil prices had more bumps this week than a washboard road in western Oklahoma. Prices on Thursday lost most of the gains they made on Wednesday, falling below the $60 mark. Western Texas Intermediate crude for May deliver dropped $2.26 to $58.56 a barrel in trading on the New York Mercantile Exchange. Global …
