Tuesday , May 21 2024

Energy News

Firm agrees to $2.3 million in penalties over Arkansas oil spill

A Tennessee energy company has agreed to pay $2.3 million in civil penalties to settle alleged violations over a 2013 oil spill in southwest Arkansas. Delek Logistics Partners, headquartered in Brentwood, Tennessee was accused of the violations from the spill that occurred at a storage and transfer station. An estimated …

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Southern Oklahoma—not enough workers to fill the jobs

A lot of “Help Wanted” ads can be seen in southern Oklahoma and the pattern has the attention of employers in cities like Ardmore. There, an Express Personnel spokeswoman indicated it’s a matter of not enough workers to fill the needs of companies. It’s a workforce issue. The Daily Ardmoreite …

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Firms are split over rollback of methane gas regulations

Big oil and gas companies appear to be divided over their stand  on the Trump administration’s move to roll back Obama administration regulations on methane. The administration’s move on Thursday drew response for and against as Seeking Alpha, an investment analyst noted. Exxon Mobil reiterates support for the direct regulation of methane …

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No letup in Oklahoma’s rig count decline

The slow steady decline of the number of active oil and gas rigs continues in Oklahoma and across the U.S. Oklahoma has nearly 60 fewer rigs than a year ago. Baker Hughes Co. reports Oklahoma’s count dropped by 2 more in the past week to reach 80 rigs, a far …

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NGL Energy announces $150 million share repurchase program

Tulsa-based NGL Energy Partners LP has launched a $150 million share buy back program. The announcement came on Friday as the company’s Board of Directors of its general partner said it was attempting to repurchase its outstanding units representing limited partnership interest of NGL through September 30, 2021. NGL may …

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Barclays Energy conference attracts ONEOK management

Tulsa-based ONEOK, Inc. plans to be at this week’s Barclays CEO Energy conference in an attempt to acquire more investors and convince those it already has to invest more in the company. Management from the company will make a presentation at the conference on Wednesday, Sept. 4 at 8:05 a.m. …

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More multi-well production for Marathon Oil in STACK

  Just weeks after getting combined production of 4,900 barrels of oil a day from a four-well pad and 2,200 from a 3-well pad in Kingfisher County, Houston’s Marathon Oil Company did it again in the STACK play. Completion reports show the company had a two-well pad a mile west …

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New Mexico’s state budget “flooded” with oil and gas revenue from the Permian

Remember when the state government in Oklahoma was flush with money from oil and gas revenue?  Now New Mexico is in the same situation prompting one legislative leader to quip, “the future looks good for New Mexico.” And it’s all because of the oil and gas development growing in Southeastern …

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Kansas regulators investigating source of Hutchinson area earthquakes

The Kansas Corporation Commission has started an investigation to determine the cause of a string of strong earthquakes that Hutchinson earlier in August. The largest of the August 16 quakes was 4.2 magnitude, strong enough to be felt by residents in Ponca City, Oklahoma and Kansas City, Missouri. Windows were …

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