Tulsa-based ONEOK, Inc. announced Monday that the West Texas LPG Pipeline Limited Partnership — a joint venture between operator and 80% owner ONEOK and 20% owner Martin Midstream Partners L.P. — plans to invest approximately $200 million to expand its natural gas liquids (NGL) system into the prolific Delaware Basin, part of the larger Permian Basin, according to …
October 23, 2017 archive
WTI Nears $52, Brent Crude Falls and Finishes Over $57 a Barrel on Monday
Crude oil settled with a mixed finish on Monday as the WTI increased slightly and the Brent crude finished lower, according to Bloomberg MarketWatch. December West Texas Intermediate crude rose 6 cents, or 0.1%, to settle at $51.90 a barrel on the New York Mercantile Exchange. December Brent crude, the global benchmark, fell 38 cents, or …
BLM Launches New Sage Grouse Hearings
All in the name of protecting greater sage grouse habitat, the Bureau of Land Management plans to hold a series of public meetings in Idaho, Colorado, California and Oregon next month on potential changes to plans. The BLM said that given a finding by a Nevada federal judge that the BLM’s designation of Sagebrush Focal …
Kickapoo Tribe Lands EPA Grant
The Kickapoo Tribe of Oklahoma was awarded a more than $282,000 grant from the Environmental Protection Agency for pollution-control programs. The announcement came through the EPA’s Dallas office but quoted EPA Administrator Scott Pruitt. “Environmental protection is a partnership between EPA, states and tribes,” said Pruitt. “This grant will allow the Kickapoo Tribe the ability …
Gas Prices Drop Nationally But Go Up in Oklahoma
While gasoline prices have dropped slightly across the nation, they have risen in the past week in Oklahoma reaching a new statewide average of $2.25 a gallon, according to AAA. A week ago, Oklahoma’s average was $2.23 a gallon for regular unleaded. However, some service stations in Lawton, Norman and Oklahoma City were pumping gasoline …
Budget Deal Announced—-No Oil and Gas Production Tax Hike
An apparent deal has been reached by Oklahoma Gov. Mary Fallin and leaders of the legislature to fix the state’s $215 million budget hole. It reportedly does not include any hike in the gross production taxes on oil and gas, based on the initial announcement from the governor’s office. “It’s time now to bring our …