Energy

Business
5:23 pm
Thu February 5, 2015

Planning Through Oil Booms Helps Small Producers Weather The Busts

Tracy Perryman is production manager for his family's small oil company in Luling, Texas. B.J.P. Inc. owns 116 wells that, combined, produce about 100 barrels a day.
John Burnett NPR

Originally published on Fri February 6, 2015 9:55 am

Hard times have hit the oil fields. A barrel of West Texas Intermediate crude has dropped from a high of over $100 to less than $50. But Tracy Perryman, a small oilman in Luling, Texas, has learned how to survive the lean times.

Oil companies that take on a lot of debt sometimes don't survive the downturns. But veterans of oil busts have learned how to plan for the inevitable price plunges.

Read more
StateImpact Oklahoma
9:51 am
Thu February 5, 2015

Inhofe, Pruitt Sound Off On EPA's 'Waters Of The United States' Rule

Senator Jim Inhofe Facebook

A rare joint Congressional hearing in Washington Wednesday took up the issue of ‘Waters of the United States,’ the Environmental Protection Agency’s attempt to more clearly define which bodies of water qualify for federal protection under the Clean Water Act.

Republicans at the hearing — including Oklahoma’s senior U.S. senator and state attorney general — are convinced the move is a vast overreach of the EPA’s power that will place everything from ditches to farm ponds under government control.

Read more
StateImpact Oklahoma
8:36 am
Thu February 5, 2015

Wind Power ‘Superhighway’ Could Help Transform Panhandle Into U.S. Energy Hub

A wind turbine under assembly near Balko in Oklahoma's Panhandle. When completed, the turbine will be part of Apex Energy's 300-megawatt Balko Wind Project.
Joe Wertz StateImpact Oklahoma

The wind energy boom has largely evaded Oklahoma’s Panhandle, but new turbine projects and a proposal for a $2 billion transmission line could transform the prairie into a national wind energy hub.

But the projects are being planned amid uncertainty at the state Capitol, where tax credits for the wind industry are in the crosshairs.

FILLING IN THE TRANSMISSION GAP

Despite being one of the state’s richest sources of wind energy, the Oklahoma Panhandle is home to very few wind farms.

Read more
Energy
8:33 am
Wed February 4, 2015

Oklahoma Injection Well Ordered Shut Down After Earthquakes

Seismologists say oil and natural gas disposal wells, like this one near Sparks, Okla., are likely triggering earthquakes in Oklahoma.
Credit Joe Wertz / StateImpact Oklahoma

A SandRidge Energy injection well has been ordered shut down because of numerous earthquakes near the well in north-central Oklahoma.

The Oklahoma Corporation Commission issued the order Tuesday after a 4.1 magnitude earthquake was recorded in the area on Friday. The well is the second to be shut down since the commission began a new monitoring system in 2013.

Injection wells are used to dispose of wastewater produced from oil and gas wells. Several studies have linked injection wells and earthquakes.

Read more
Your Money
7:57 am
Wed February 4, 2015

Looking For Even Cheaper Gas? Go Generic At An Indie Station

Traffic moves along Route 21 in downtown Newark, N.J., where a gas station lists the price for regular unleaded gasoline at $1.72.
Julio Cortez AP

Originally published on Tue February 10, 2015 1:44 pm

By now, the surprise of cheap gas has probably worn off.

But drivers on the hunt for the very best prices have noticed a new trend: Small, independent gas stations are often the first to cut prices when the price of crude oil falls. This has a lot to do with how gas is bought, sold and moved from pipeline to pump.

Read more
Environment
5:21 am
Wed February 4, 2015

Hard To Clean Up Wastewater Spills From Oil Wells Into N.D. Stream

Originally published on Wed February 4, 2015 6:40 am

Copyright 2015 NPR. To see more, visit http://www.npr.org/.

Transcript

DAVID GREENE, HOST:

Read more
Business
5:07 am
Wed February 4, 2015

Demanding Higher Wages, Refinery Workers Strike Shell Oil

Originally published on Wed February 4, 2015 6:40 am

Copyright 2015 KUHF-FM. To see more, visit http://www.houstonpublicmedia.org.

Transcript

DAVID GREENE, HOST:

Read more
Energy
4:12 am
Wed February 4, 2015

Keystone XL Pipeline Benefits U.S. And Canada, Alberta Premier Says

Originally published on Wed February 4, 2015 6:40 am

Copyright 2015 NPR. To see more, visit http://www.npr.org/.

StateImpact Oklahoma
6:34 pm
Tue February 3, 2015

Litigation And Low Prices Drill Oil Industry In Osage County

Credit Jennifer James / Flickr.com

After dipping to its lowest level in years, the price of oil may have bottomed out. Reuters reports prices rose again on Tuesday behind expectations of diminished oil supplies. That will come as welcome news, if little consolation, for oil-field service companies in Osage County hard hit by the recent downturn in the industry.

Read more
Business
9:25 am
Tue February 3, 2015

With Oil Prices So Low, What's That Fuel Surcharge For, Exactly?

The price of jet fuel has dropped, but airlines are still adding fuel surcharges to the price of many tickets. Many other industries that use large amounts of fuel, like shipping and delivery services, have also maintained extra fuel fees.
Nam Y. Huh AP

Originally published on Tue February 3, 2015 11:27 am

When oil prices shot up a few years ago, many transportation and delivery businesses started adding fuel surcharges to their prices.

Now, fuel prices are plunging, but lots of those surcharges still linger, and consumer advocates are crying foul.

The drop in the cost of oil is a huge factor in the airline industry, where 30 percent of all expenses are for fuel. But airlines, along with other industries with large fuel expenses, have been slow to respond with lower prices.

Read more

Pages