Category Archive: Oil & Gas

Williams Files FERC Application for North Seattle Upgrade Project

Tulsa-based Williams Partners L.P. recently announced that Northwest Pipeline has filed an application with the Federal Energy Regulatory Commission seeking authorization for its North Seattle Lateral Upgrade project in south Snohomish County, Washington.

Northwest executed agreements with Puget Sound Energy for an expansion project on delivery capabilities of Northwest Pipeline’s North Seattle Lateral, which …

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Plains All American Pipeline Announces Expansion Plans

Houston-based Plains All American Pipeline, L.P. will add 120,000 barrels a day in pipeline capacity as it expands from the Permian Basin between Midland to the crude oil storage facility located in Cushing, Oklahoma.

The pipeline company announced Tuesday that it has obtained additional commitments to expand the Sunrise pipeline by 180 miles between Colorado …

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U.S. House of Representatives Passes Two Energy Permitting Bills

The U.S. House of Representatives passed two bills late Wednesday aimed at streamlining the permit process for pipelines and related energy infrastructure.

H.R. 2910 (115) – identified as the Promoting Interagency Coordination for Review of Natural Gas Pipelines Act – was introduced on June 15, 2017 by Rep. Bill Flores (R-Texas). The bill would …

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PA Catholic Nuns File Lawsuits Against FERC, Williams Natural Gas Over Outdoor Chapel

An order of Catholic nuns in Pennsylvania recently filed separate legal actions against Tulsa-based Williams Natural Gas and the Federal Energy Regulatory Commission in opposition to a planned easement for the Atlantic Sunrise pipeline.

The Adorers of the Blood of Christ — an order of Catholic sisters with regional offices in St. Louis – …

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Brent Crude Nears $50 a Barrel on Wednesday

Oil futures settled at their highest level in about six weeks Wednesday after government data revealed a significant drop in domestic crude stockpiles for a third consecutive week, according to Bloomberg MarketWatch.

On the New York Mercantile Exchange, August West Texas Intermediate crude tacked on 72 cents, or 1.6%, to settle at $47.12 a barrel. …

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Blueknight Declares Quarterly Cash Distribution for 1Q 2017

Oklahoma City-based Blueknight Energy Partners, L.P. announced Tuesday that its general partner board has declared a quarterly cash distribution on the Partnership’s common units of $0.1450 per common unit, unchanged from the Partnership’s first quarter 2017 distribution, as well as a quarterly cash distribution on the Partnership’s preferred units of $0.17875 per preferred unit, …

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Crude Oil Futures Rebound on Tuesday as OPEC Eyes Rising Output

Crude oil prices rose higher on Tuesday following a report that Saudi Arabia is considering cutting crude exports as U.S. production surges ahead, according to Bloomberg MarketWatch.

August West Texas Intermediate crude rose 38 cents, or 0.8%, to settle at $46.40 a barrel on the New York Mercantile Exchange.

On the London ICE Futures Exchange, …

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Oklahoma Energy Companies Still Active in North Dakota

 

While oil production slipped in May in North Dakota, it still has the attention of some Oklahoma oil and gas exploration companies.

Oklahoma City-based Continental Resources, according to the North Dakota Department of Mineral Resources has four active rigs in the Bakken. Tulsa-based WPX Energy has two rigs while Marathon Oil has at …

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EnerVest: A Cautionary Tale of Boom to Bust

Houston-based private equity firm EnerVest has experienced the energy industry’s boom to bust phenomenon firsthand as the company’s $2 billion energy fund has plunged to virtually having little value, according to a recent report by CNBC.com.

Reports indicate the firm borrowed heavily and made numerous purchases of oil and gas wells when crude oil prices …

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Crude Oil Settlements Fall on Monday

Crude prices fell on Monday as a government report revealed expectations for a rise in U.S. shale oil production for August, according to Bloomberg MarketWatch.

On the New York Mercantile Exchange, August West Texas Intermediate crude shed 52 cents, or 1.1%, to settle at $46.02 a barrel.

On the London ICE Futures Exchange, September Brent …

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