Officials monitoring the burning fires at a chemical plant in Port Neches, Texas say they have found no indication of asbestos in the air. The all-clear has been given and nearby residents were allowed to return to their homes over the weekend. But late Saturday, another distillation tower at the TPC Group facility toppled and …
December 2019 archive
Energy news in brief
** Former EPA Administrator William Ruckelshaus died last week at the age of 87. He was the first-ever administrator of the Environmental Protection Agency and served from its founding in 1970 through 1973 and then again from 1983 to early 1985. ** Solar energy’s growth is demonstrated by the number of stories about how it’s being …
Fire danger conditions improve in Oklahoma
Wildfire conditions improved this week after last week’s disastrous fires in northwest Oklahoma. The Oklahoma Forestry Department anticipates wetter conditions as rain is in the forecast for later in the week. The department’s latest Burn Index map shows only a few areas of the state where there might be some concerns about the potential for …
“Our financial house is in order”—-Treasurer Randy McDaniel
Oklahoma Treasurer Randy McDaniel is out with his November economic newsletter highlighting the positive outlook given by Moody’s for the state’s economy. “The state’s improved fiscal condition is being recognized nationally,” stated McDaniel in the newsletter. “Our efforts to increase reserves, eliminate structural deficits, improve pension finances, and diversify the state’s economy are working.” Moody’s pointed to a number …
$1 billion share buyback announced by Colorado gold company
The world’s leading gold company, Denver, Colorado-based Newmont announced the start of a $1 billion repurchase program. The Board of Directors unanimously approved the authorization of the stock program to be completed in the next 12 months. The program will be executed at the Company’s discretion, utilizing open market repurchases to occur from time-to-time throughout …
Unit Corporation extends offer for senior notes
Tulsa’s Unit Corporation announced this week the extension of the Early Tender Date for its previously announced offer to exchange senior notes. The extension was announced after the offer resulted in $162.5 million in notes that had been exchanged as of Nov. 29, 2019. The offer applies to the company’s outstanding 6.625% Senior Subordinated Notes …
BP sells remainder of San Juan Basin assets to European firm
BP American Production Co. confirms it has sold its share in the San Juan Basin of northern New Mexico and Southern Colorado to a European renewable energy company. But BP is not revealing the sale amount. The Durango Herald reports the BP sale was made to IKAV, a European energy company that specializes in wind …
Oil and gas supported in northern Colorado counties
The efforts of environmentalists and others to put tighter restrictions on the oil and gas industry in Colorado have supporters concerned. In a recent editorial, the Greeley Tribune focused on the impact of two oil-active counties—Greeley and Weld. It noted that a year after the failure of Proposition 112 to create greater setbacks from residential …
Solar panel junk to become a problem according to new study
A new study issues a warning about the growth of the solar industry and what to do with the growing waste from solar panels in the U.S. A study published in Scientific American and entitled “The Downside of Solar Energy” expressed concern over the photovoltaic modules and what happens to them at the end of …
AEP to pull out of Clean Coal Coalition
Six months after the parent company of Public Service Company of Oklahoma came out publicly with support of the American Coalition for Clean Coal Electricity, the firm says it will not renew membership next year. The decision by American Electric Power Co. leaves the trade association without any utility members, according to a report by …