Regulators and lawmakers think a new federal fund would help New Mexico solve its problem of what to do with nearly 700 abandoned oil and natural gas wells. Click here to read the copyrighted story from the Albuquerque Journal.
June 9, 2020 archive
Legislator upset over plans to charge fees to enter Oklahoma parks
State Rep. Jim Grego, R-Wilburton, today said he was in total dismay after learning of the Oklahoma Tourism and Recreation Department’s plan to start charging fees to enter state-owned parks, which traditionally have been free except for extra amenities. Rep. Grego worked tirelessly alongside Rep. Johnny Tadlock, R-Idabel, during the past legislative session trying to …
OU Energy Institute to explore demands for elimination of fossil fuels
In response to the impact of pandemic-related global demand destruction for energy resources, the University of Oklahoma Energy Institute is launching a new webcast series Monday, June 15, at 12:00pm. The complimentary series will be available online at price.ou.edu/energywebcast. The premier episode will feature Mr. Scott Sheffield, President and CEO of Pioneer Natural Resources, who …
US House members want Trump to deny biofuels waivers
A bipartisan group of 44 House members led by Reps. Abby Finkenauer (D-Iowa), Dave Loebsack (D-Iowa), and Roger Marshall (R-Kan.) on Monday called on President Donald Trump to deny requests by oil states to grant waivers to Renewable Fuel Standard requirements. Oklahoma Gov. Kevin Stitt is one of those governors who made a request last month. At least one refinery in …
Energy news in brief
** Energy companies begin to resume oil and gas production in the Gulf of Mexico after Tropical Storm Cristobal blew through. ** Of nearly 80,000 Iraqis who worked in the oil fields in March, an estimated 15,000 are out of work after the government asked international oil companies to cut their budgets by 30%. ** The American Legislative Exchange …
Mammoth Energy says report proves value of its hurricane contract in Puerto Rico
Oklahoma City’s Mammoth Energy Services, Inc. says a Rand Report shows the company’s service fees were legitimate and accurate as the company worked to restore electrical power following the 2017 Hurricane Maria that devastated Puerto Rico. It used the Freedom of Information Act to obtain the report from the federal government. The company announced Tuesday …
New Mexico’s renewable energy is fast growing
The energy reputation enjoyed by the state of New Mexico isn’t based just on the wealth generated from the state’s share of the crude oil produced from the Permian Basin, but now because of rapidly growing renewable energy development too. The Albuquerque Journal carried an extensive report this week about the wind farm growth. Developers …
Report says Chesapeake’s bankruptcy is close at hand
The same day that stocks for Chesapeake Energy Corp. soared 182% this week, another report came out about plans by the company to move ahead with a reported bankruptcy. Of course, the company is not commenting. Bloomberg reported Chesapeake is preparing a potential bankruptcy filing that could hand control of one of the leading lights of …
Oil and Gas industry slow to contribute to Trump’s re-election campaign
The oil and gas industry, long one of the most reliable sources of campaign cash for Republican candidates at all levels, is turning a cold shoulder to President Donald Trump. That’s the way Bloomberg news describes what it found in campaign contribution reports, also indicating that at least one Oklahoma billionaire is slow to giver …
A few companies have new drilling plans in Oklahoma
A few new wells are in the drilling plans of a handful of energy companies in Oklahoma as indicated by permits to drill granted this week by state regulators. Mack Energy Company, headquartered in Duncan received a permit to drill at 7 2S 2W which is a site about 4 miles southeast of Ratliff …
