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Enel Green Power Opens OKC Office
Enel Green Power, Oklahoma’s largest wind power company by operational capacity, is expanding its presence in Oklahoma with the opening of an office in downtown Oklahoma City. The new office will serve as a central hub for the company in the state and house three new full-time employees. The Oklahoma City based employees will support …
Shortage of Locomotives Leads to Canadian Oil Waiting to be Shipped South
So much crude oil is being produced in North America that rail cars meant to carry crude from Canada south to Oklahoma and Texas are sitting idle. Plus, there’s the situation of a shortage of locomotives. Reports indicate some rail terminals are “underutilized” because of the glut. Bloomberg News reported one such terminal near Edmonton, …
Completion reports for March 15-21
Here is the latest list of well completion reports for the week of March 15-21. Scroll down for a better view. There are two links in the table: – The SPOT link will take you to the well location on Google Maps. If you need them, this will give you turn by turn …
Gasoline’s Up 5 Cents a gallon in Oklahoma
Gasoline prices rose on average a nickle across Oklahoma and the U.S. in the past week. It’s costing Oklahoma drivers an average of $2.42 per gallon every time they pull up to the pumps to fill up, according to the latest fuel gauge report from AAA Oklahoma. That compares to last week’s average of $2.37. …
Oil Production Increases in Oklahoma, Texas and most other states
Figures released this week by the U.S. Energy Information Administration show oil production in the country continues to rise including in Oklahoma and Texas, two heavy oil-production states. The latest production figures from the EIA run from July 2017 to December 2017 indicating Oklahoma’s monthly production started its climb last summer. The state’s production went …
Dallas Company Unloads More Holdings in Eagle Ford Play
One of the latest sales of holdings in an oil development in the U.S. involves more than 10,000 acres sold for $102 million by Pioneer Natural Resources Company headquartered in Dallas. Sundance Energy Inc. is buying the 10,200 net acres located in the western part of Pioneer’s Eagle Ford Shale acreage in south Texas. The …
$9.5 billion Merger Announced by Permian Driller
A Midland, Texas company is taking over another Permian Basin operator in a $9.5 billion deal announced this week. Concho Resources Inc. is acquiring RSP Permian Inc. in an all-stock transaction that will consist of 0.320 shares of Concho common stock for each share of RSP common stock. The move allows Concho to expand its …
Oil and Gas Groups Tell Legislators—“Enough is Enough”
The message was loud and clear Tuesday at the State Capitol where oil and gas industry people gathered for a “Rally for the Rigs” event. The rally was sponsored by the Oklahoma Oil and Gas Association and the Oklahoma Independent Petroleum Association. “We have done our part. Then last night, we were asked to do even …
Ponca City Plant Gets More Time to Stop Pollution—-Ponca Tribe is Angered
Action by the federal government to give another 2 and a half years to a Ponca City plant to install new pollution controls has angered residents in northern Oklahoma. The move affects Continental Carbon Co., a firm that agreed in 2009 to pay $10.5 million to settle a class-action pollution lawsuit. “It is outrageous that …
Rex Tillerson Being Recruited to Become University of Texas Chancellor
If some University of Texas supporters get their wishes, former Secretary of State Rex Tillerson will become the new chancellor of the University of Texas System. Some system leaders have been talking to him following his dismissal as Secretary of State by President trump. The Texas Tribune recently reported Tillerson is being actively courted as …