Like a lot of other oil and gas producing states, North Dakota is struggling with plunging revenues from gross production taxes and how they have affected overall state revenues. North Dakota’s State Office of Management and Budget Director Joe Morrissette reported this week the tax revenues from oil production in the nation’s 2nd highest …
Eastern Kansas has a new wind farm providing electrical power. Southern Power, a U.S. wholesale energy provider and subsidiary of Southern Company, says the 200 MW Reading Wind Facility in Osage and Lyon counties, Kan., is now operational. This project, Southern Power’s 11th wind facility, is the first to be validated as a carbon …
After years of lagging other cities on energy efficiency, Kansas City, Missouri officials have taken a step that could result in the city adopting the toughest building code in the country. Since 2012, the city has operated with a building code that was weakened to meet the desires of the home building industry. The …
There is still some drilling interest in Oklahoma as shown by the few drilling permits issued by the Oklahoma Corporation Commission. With only 9 active oil and gas rigs in the state, according to the last Baker Hughes update, any new drilling might be considered significant in light of the impact of the COVID-19 …
This summer, AAA forecasts Americans will take 700 million trips based on economic indicators and state re-openings. That number is down nearly 15% compared to last July through September and is the first decline in summer travel since 2009. AAA booking trends show Americans are making travel plans, though cautiously and more spur of the moment. “Americans will …
The 2020 IOGCC Annual meeting will be held next week in Oklahoma City. The agenda was released this week for the start of the meeting on Monday, June 29 followed by a June 30 meeting of the group’s Energy Resources, Research and Technology Committee. For those interested in attending any of the videoconference sessions …
Gasoline consumption in the United States has just hit a big milestone; it is now more than halfway back to pre-COVID-19 levels as motorists get back on the road amid at least a partial recovery of the U.S. economy, according to OPIS, an IHS Markit company. Fill-ups at the pump hit the rock bottom …
The COVID-19 pandemic and the resulting crude oil price crisis have forced leadership at Schlumberger to make more major changes. Schlumberger is planning to bear about $1.4-billion charges related to the ongoing restructuring and associated job cuts, said its CEO Olivier Le Peuch. Notably, the one-time charge will be in the range of $1.2 …
