Environmental vandals could be those responsible for the loss of natural gas service to thousands of Colorado residents in Aspen. Someone vandalized gas supply pipes on Monday and as a result 3,500 customers were without gas for home heating at a time when temperatures were below freezing and the state was expecting up to …
A handful of Oklahoma energy companies saw slight gains in their stock on Monday as they started the last week of trading in 2020. It came as crude oil prices were mixed. Benchmark US crude for February delivery gained 17 cents. West Texas Intermediate crude closed at $47.79 a barrel in trading on the …
** Researchers may have found a way to reduce the environmental impact of air travel in situations when electric aircraft and alternative fuels aren’t practical. Wired reports that Oxford University scientists have successfully turned CO2 into jet fuel, raising the possibility of conventionally-powered aircraft with net zero emissions. ** Iran has slashed the amount of natural gas it exports to Iraq and threatened further …
Denver’s BKV Corp. received a $100 million investment from Los Angeles-based Oaktree Capital Management to help the Colorado company in its $570 million acquisition of Devon Energy assets in the Barnett shale of North Texas. Part of the deal by Oaktree was an agreement to make a future $600 million investment in “mutually agreed …
Denver’s QEP Resources Inc. is wrapping up 2020 with plans to be acquired by Texas-based Diamondback Energy Inc. in a $2.2 billion deal including $1.6 billion in debt. The two firms are West Texas rivals and Diamondback recently announced it was also acquiring leasehold interests and other assets from a private company, Guidon Operating …
A utility in New Mexico is asking state regulators for authority to offer rebates as an enhancement for the growth of electric vehicle use in the state. The Santa Fe New Mexican reports Public Service Company of New Mexico has a plan to introduce rebates for residential and nonresidential electric vehicle charging stations. Click …
The businessman who started a valve-manufacturing company three years ago in Oklahoma was indicted recently in Oklahoma City federal court on using trade secrets he stole from a former employer to create the new firm. The Journal Record reported a 35-count indictment named Joshua Decker, 36 of Edmond who is accused of conspiracy and …
Like Oklahoma, Texas and other oil-producing states, New Mexico’s oil and gas industry suffered greatly in 2020 because of the COVID-19 pandemic, but the state is seeing a rebound as the year ends and the new one begins. Observers report the state’s fossil fuel market is finishing the year in recovery, according to a …
President Trump’s signing of the latest COVID-19 pandemic relief bill might mean the Southwest Airlines Call Center in Oklahoma City will not see furloughs in March as the company announced in early December. The airline announced Sunday night in a letter to employees that it will drop wage cut demands and also revoke furlough …
Oklahoma utilities are being surveyed about their handling of the October ice storm that devastated much of the state leaving hundreds of thousands without electrical power. The survey is delving into the prospects of underground power lines as Jack Money of The Oklahoman reported. Click here for The Oklahoman story.
