oil

Business and Economy
7:22 pm
Thu December 11, 2014

General Revenue Fund Collections Drop Below Prior Year, Report Estimates

Credit thinkpanama / Flickr Creative Commons

General Revenue Fund collections in November flattened, dropping below prior year receipts and the official estimate, Secretary of Finance, Administration and Information Services Preston Doerflinger reported Thursday. 

According to Doerflinger's report, November General Revenue Fund collections of $382.5 million were $0.6 million, or 0.2 percent, below prior year collections and $2.2 million, or 0.6 percent, below the official estimate upon which the FY2015 appropriated state budget is based.

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StateImpact Oklahoma
11:23 am
Wed August 6, 2014

Mapped: Which Oklahoma Counties Are Crossed By Trainloads Of Bakken Crude Oil

Source: Oklahoma Hazardous Materials Emergency Response Commission

Trains carrying 1 million more gallons of crude oil from the Bakken formation are expected to cross 20 Oklahoma counties each week, data from the Oklahoma Hazardous Materials Emergency Response Commission show.

Explosive, deadly derailments and fiery accidents have raised safety concerns about rail transport of North Dakota Bakken crude oil, which tests suggest might be more explosive than other types of crude oil.

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Here & Now
12:44 pm
Thu July 10, 2014

Oil Train Workers Raise Questions About Safety

BNSF Railway, the second largest freight network in the U.S., is at the center of the boom in crude by rail. The railroad touts its commitment to safety. Current and former workers question the safety culture on the ground. (Michael Werner)

Originally published on Thu July 10, 2014 2:00 pm

Crude oil shipments by rail increased by more than 80 percent, nationally, last year. Most of it is coming from the Bakken oil fields of North Dakota. That crude is more flammable than other types of oil, and has been shown to catch fire and explode when trains derail.

More than 15 trains of Bakken oil move through some parts of the Northwest each week, en route to refineries and terminals in Washington and Oregon.

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Around the Nation
6:46 am
Fri March 14, 2014

A Boom In Oil Is A Boon For U.S. Shipbuilding Industry

A welder at Aker Philadelphia Shipyard.
Jonathan Blakley NPR

Originally published on Fri March 14, 2014 3:58 pm

Scott Clapham peers down into a cavernous dry dock at the Aker Philadelphia Shipyard. He points to massive pieces of steel, some covered with a light dusting of snow. When assembled, they will form a 115,000-ton oil tanker.

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Energy
12:02 pm
Tue January 7, 2014

OKC-Based SandRidge Sells Gulf Of Mexico Assets

SandRidge rig drilling for oil near Alva, Oklahoma in the Mississippi Oil Play.
Credit Provided / SandRidge Energy

SandRidge Energy is selling all of its holdings in the Gulf of Mexico.

The Oklahoma City-based oil and natural gas company announced early Tuesday morning Fieldwood Energy will pay $750 million in cash and assume $370 million in abandonment liabilities for its Gulf and coastal properties.

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StateImpact Oklahoma
12:12 pm
Fri December 13, 2013

Kerr-McGee Was Wrong to Dump Polluted Sites Into Spinoff Company, Judge Rules

Credit neillharmer / Flickr Creative Commons

Kerr-McGee, former Oklahoma-based oil and gas company, was sold to Houston-based Anadarko Petroleum in 2006. But not before Kerr-McGee transferred polluted sites in more than 20 states to a spin-off company, Tronox Ltd.

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StateImpact Oklahoma
3:15 pm
Thu December 12, 2013

Former Creek County Refinery Site Added To Superfund Priority List

A map from the EPA shows the location of the 125-acre Wilcox Oil Company Superfund site near Bristow, Okla.
Credit Environmental Protection Agency

A site near Bristow, abandoned decades ago by a pair of oil refiners, has been added to the Environmental Protection Agency’s list of most hazardous national cleanup priorities.

The EPA on Dec. 12 added the Wilcox Oil Company site to the Superfund National Priorities List, a federal program that investigates and directs cleanup efforts at the country’s “most complex, uncontrolled or abandoned hazardous waste sites.”

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StateImpact Oklahoma
10:38 am
Tue December 10, 2013

Railroads Emerge As 'Rolling Pipelines' In Scramble To Frack New Shale Plays

Credit Russ Allison Loar / Flickr Creative Commons

Some of the best new oil and gas plays are in some of the most remote areas of the country, where there’s little to no pipeline infrastructure to move freshly drilled crude out.

And getting the massive amounts of tracking sand to where is a major issue, too. The answer to both problems? Railroads, as The Oklahoman‘s Paul Monies reports:

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Oil and Gas
6:48 am
Fri December 6, 2013

GE Picks Site Near Downtown Oklahoma City For New Oil And Gas Research Center

A rendering shows a new GE technology center near downtown Oklahoma City. Construction is scheduled to begin April 2014.
Credit GE

General Electric has picked a site near downtown Oklahoma City for the home of its new research center focused on the oil and gas industry.

The center is one of nine globally for the company. Former Oklahoma Secretary of Commerce Mike Ming is the general manager of the GE Oil and Gas Technology Center.

Published reports say the new 95,000-square-foot center will be built at NE 10th and N. Walnut Ave., near the University Research Park.

Ming says the company is in final negotiations with the land's owner, the Oklahoma City Urban Renewal Authority, OCURA.

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Parallels
7:45 am
Wed November 27, 2013

Israel Dreams Of A Future As An Oil Producer

Givot Olam CEO Tovia Luskin expects to drill 40 wells and build a pipeline to a refinery on the coast. The company already has "proven and probable" reserves of 12.5 million barrels of oil. Luskin chose where to drill based on a passage from the Bible.
Emily Harris/ NPR

Originally published on Sun December 1, 2013 7:51 am

There's an old joke that if Moses had turned right when he led Jewish tribes out of Egypt, Israel might be where Saudi Arabia is today — and be rich from oil. Consultant Amit Mor of Eco Energy says that joke is out of date.

"Israel has more oil than Saudi Arabia," he claims. "And it's not a joke."

But that oil will be difficult to reach, if it can be recovered at all. The oil he's talking about is not yet liquid but is trapped in rocks underground.

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