The Bureau of Land Management announced Thursday formal plans to remove 351,000 acres of public lands surrounding the Chaco Culture National Historic Park in northern New Mexico, a move that would bar new federal oil and gas leasing on the lands. The move was published in the Federal Register and follows President Biden’s Nov. …
January 6, 2022 archive
Interior Dept claims US has twice as many abandoned oil and gas wells
Oklahoma is among several states that have applied for new grants to clean up abandoned oil and gas wells according to the Interior Department. The bipartisan infrastructure bill President Biden signed into law in November of last year includes $4.7 billion to restore and plug orphaned wells. In December, the department released guidance on state applications …
Williams delivers record volumes driven by continued Transco expansions
Tulsa’s Williams announced Thursday that it recently delivered a record amount of natural gas on its Transco interstate pipeline, providing essential and reliable service to natural gas distribution companies, electric power generators, LNG exporters and other customers located along the Eastern Seaboard and Gulf Coast. Transco, the nation’s largest-volume natural gas transmission system, delivered …
Empire Petroleum Corporation announces debt retirement
Tulsa-based Empire Petroleum Corporation, an operator of conventional oil and gas properties, announced Thursday that certain debt holders have now converted 100% of their remaining debt along with accrued interest into Empire common shares. The purchase of XTO Energy’s Eunice-Monument and Arrowhead Grayburg Fields by Empire made on May 14, 2021, was financed with …
Holiday season helps smash revenue records in Oklahoma
A strong holiday shopping season helped push Gross Receipts to the Oklahoma Treasury to record highs for December and the calendar year, State Treasurer Randy McDaniel announced Thursday. The gross production tax on oil and natural gas continued its strong growth, finishing 154.1 percent higher than in December 2020. Click here to read report.
Friday’s other energy news headlines
** The energy crisis roiling markets in Europe is a preview of what the U.S. will face over the next 10 years as it shifts to cleaner power sources, according to Ed Morse, Citigroup’s global head of commodities research. ** A deep-freeze in Canada and Northern U.S. is disrupting oil flows, causing a surge in crude prices …
Former spaceport CFO files whistleblower suit in New Mexico
A whistle blower formerly with Spaceport America is accusing New Mexico Gov. Michelle Lujan Grisham and other government officials of conspiring to defraud taxpayers of nearly $200 million in public funds. Zach DeGregorio, the former chief financial officer of Spaceport America filed a 261-page complaint in federal court according to the Santa Fe New …
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