It’s considered a long shot but Republicans in the U.S. House and the Senate have introduced legislation to resurrect the Keystone XL pipeline after it was cancelled by President Biden in one of his first of dozens of executive orders. The bills by Montana Sen. Steve Daines and North Dakota Rep Kelly Armstrong would …
In light of President Biden’s executive order banning new oil and gas drilling on federal lands, a new analysis of New Mexico’s revenue and spending showed that 18% of the state spending last year came from oil and gas production on federal land. It pointed out how the State’s economy and government budget could …
As Chesapeake Energy announced a $1 billion note offering this week in preparation for its exit from Chapter 11 bankruptcy, the Oklahoma City company confirmed the layoffs of more than 200 employees. CEO Doug Lawler notified company workers in an email that the restructuring process that came about from its Chapter 11 bankruptcy filed …
Northern Colorado-based Tumbleweed Midstream, LLC announced it reached a new 10-year helium sales agreement with a global tier one helium supplier. Tumbleweed, headquartered in Cheyenne Wells said the new contract will deliver a top-rated customer for the company’s Ladder Creek plant’s helium production capacity. It will also provide the customer a steady supply of …
Houston’s Nine Energy Service, Inc. plans to release its fourth quarter earnings report on Monday, March 8. During the 9 a.m. Central Time conference call, management will discuss the financial and operating results for the quarter and for the full year ended Dec. 31, 2020. The company reported a net loss of $18.5 million …
Pump manufacturer Corken Inc. is expanding its Oklahoma City operations. The firm is reported to be moving an operation from Chicago and expects to add 120 jobs over the next five years. At least 100 of the jobs are manufacturing while 20 are engineering. Just 18 months ago, Corken moved to a larger manufacturing …
Two America tribes attempting to shut down construction of the Enbridge Line 3 replacement pipeline in northern Minnesota lost their bid in the Minnesota Court of Appeals on Tuesday. Opponents of the Enbridge Line 3 replacement project, led by the Red Lake Band of Chippewa and White Earth Band of Ojibwe, said in …
