November 29, 2021 archive

Completion reports for November 26, 2021

completions: none were processed today

Permits to drill for November 26, 2021

permits: none were processed today

New Mexico regulators take earthquake prevention steps

  The threat of more earthquakes in the Permian Basin in Southeast New Mexico prompted state regulators to take more prevention steps this week. The New Mexico Oil Conservation Division announced an increase in seismic monitoring as well as curbing some of the wastewater disposal operations—steps taken a few years ago by the Oklahoma Corporation …

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Energy news headlines for Tuesday

** Transportation Secretary Pete Buttigieg stressed in a new interview that families who buy electric vehicles (EVs) “never have to worry about gas prices again.” While speaking on MSNBC’s “The Sunday Show With Jonathan Capehart,” Buttigieg noted that Democrats’ proposed social spending package includes incentives to make it more affordable to buy an electric vehicle. ** North Dakota officials …

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Kansas regulators raise questions about hedge fund operator

The Kansas Corporation Commission spent time this week asking some pointed questions about an international hedge fund connected to Evergy’s more than $10 billion electrical system plan. “Let’s be very clear our role here is not to benefit the shareholders. Our role here is to protect the ratepayer,” said one commissioner reported the Wichita Eagle. …

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EIA: Thanksgiving Holiday Gasoline Prices Highest Since 2012

The average U.S. regular retail gasoline price across all formulations (conventional and reformulated) on the Monday before Thanksgiving was $3.40 per gallon (gal), $1.29/gal (62%) higher than it was the week before Thanksgiving last year and the highest pre-Thanksgiving price since 2012 (in nominal terms). Compared with levels before the COVID-19 pandemic, prices are $0.82/gal …

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Wind Turbine Exec Voices Concern About Operating Margins Risk

An executive from turbine manufacturer Siemens Gamesa warned last week that a 10-year race to reduce the cost of generating wind power could not continue, as it would bring down the financial muscle of turbine producers to continue investing in new technologies. A boom in investments in green energy to address climate change has helped mitigate …

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OG&E Pays It Forward With $100,000 Educational Commitment

Oklahoma-based OG&E and the OGE Energy Corp. Foundation Inc. have renewed their commitment to education through $185,000 in donations during the 2021-2022 school year. DonorsChoose, a crowdfunding platform supporting public school teachers nationwide, will fund teacher projects with $100,000 earmarked to serve educators in low-income areas and support families in the communities where OG&E operates. …

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