Moves by a New York hedge fund to buy irrigated farm and ranch land in Colorado are raising concerns among those who already worry about protecting their water sources. The recent growing purchases by Water Asset Management even has the attention of Colorado legislators who have proposed a bill looking at strengthening the state’s anti-water-speculation …
June 4, 2020 archive
Regulators come out against federal net metering plan
Some regulators across the U.S. are coming out in opposition to a federal plan for net-metering, a proposal affecting solar and wind power users who can be charged by utilities. One of those regulators is the head of the Arkansas Public Service Commission, Ted Thomas. He feels the federal “one plan fits all” proposal is …
New Mexico environmentalists boast of political wins over “Big Oil”
Environmentalists are celebrating election wins in six New Mexico Senate districts, saying they prevailed over candidates favored and heavily supported by the oil and gas industry. In a commentary entitled “Grassroots candidates beat Big Oil,” the Sierra Club claimed that people across New Mexico not only continued to “confront the systemic racism plaguing the country,” …
County-owned solar array is activated in Fayetteville
The largest county-owned solar array in Arkansas has started operating in south Fayetteville. The North Little Rock-based Seal Solar company put the 2.01-megawatt array into activation on Wednesday. The array is located on the roof of Washington County’s south campus in Fayetteville according to a report by Talk Business and Politics. The 5,400-panel system …
Nine Energy regains compliance with NY Stock Exchange
Threatened with delisting from the New York Stock Exchange, Houston-based Nine Energy Service, Inc. has regained compliance with the exchange’s continued listing standards. The company announced Thursday it had been notified April 21 of noncompliance because its average closing price of shares of common stock had fallen below $1 a share over a period of …
Black Stone Minerals sells minerals and holdings in Permian Basin
Houston’s Black Stone Minerals, L.P. is selling some of its Permian Basin holdings in a $155 million deal that is intended to reduce company debt and obligations. The sale involves two separate agreements. One involves holdings in Midland County, Texas and the buyer is only identified as a “private buyer” who paid approximately $55 …
NGL Energy Partners refinances $250 million loan
Tulsa-based NGL Energy Partners LP announced that it has entered into a new $250 million term loan facility with certain funds and accounts managed by affiliates of Apollo Global Management, Inc. It is essentially a refinancing of a loan NGL used as part of its 2019 $892.5 million cash-free and debt-free acquisition of Mesquite …
Texas driller plans a dozen wells in southern Oklahoma
A Texas exploration company has received permits to drill a dozen wells at one site in southern Oklahoma. The permits to drill were issued to Kodiak Oil and Gas Inc. of Muenster, Texas. All 12 AWU wells were approved to be drilled at 35 3S 2W and 34 3S 2W, sites located just southeast of …
Occidental directors elected easily
Despite criticism from some shareholders over Occidental Petroleum Corps’ controversial merger last year with Anadarko Petroleum Corp, Occidental directors were elected last week by comfortable margins. Reuters reported the votes came in the first annual meeting held since the U.S. oil and gas company’s $38 billion acquisition of Anadarko Petroleum, an ill-timed bet on …
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