Take your pick. This week’s rig count reported by Enverus Rig Analytics shows the nation’s rig count dropped by 12 in the past week to 386. Baker Hughes says the opposite…that numbers increased by two to 348 rigs. The Austin, Texas company said the count is down 3% in the past month and …
A 2016 tanker truck crash that spilled 1,100 gallons of petroleum into New Mexico’s part of the Cimarron River that eventually flows into Oklahoma, has resulted in a settlement in which Texas-based Fronk Oil Company will pay $150,000 for restoration of the river. New Mexico Natural Resources Trustee Maggie Hart Stebbins announced the settlement …
Environmentalists are cheering all of the energy funding included in the omnibus funding bill passed Monday night but Congress but it also means higher taxes and billions of dollars in costs to taxpayers. The Joint Committee on Taxation scored the tax provisions and revealed the two-year extension of solar tax credit will cost $7 …
Democratic leaders in the U.S. House now are sounding alarms over President-elect Biden’s nomination of New Mexico Congresswoman Deb Haaland to be his Secretary of the Interior. Seems they are concerned about maintaining their control of the House. E & E News reports House Majority Whip Jim Clyburn wants Biden to delay sending Haaland’s …
** Exploratory drilling began this week for an offshore oil well just 150 miles from South Florida, prompting a warning from 18 members of Congress, including the entire South Florida delegation, of the potential for “severe, even catastrophic, impact” if a spill occurs according to the South Florida Sun Sentinel. ** Midland, Texas based Ring Energy, Inc. …
Oklahoma City’s Devon Energy wanted to show its appreciation to first responders in western Oklahoma. So it handed out cookies at Christmas to members of at lest 13 first responder groups, including the Greenfield volunteer fire department pictured above.
The $132 million sale of Blueknight Energy Partners holdings in the Cushing crude oil storage facility is no small deal for Canadian buyer Enbridge Inc. It turns Enbridge into an even stronger crude oil delivery company in the world. Enbridge just acquired 34 of those massive storage tanks and soon its name will be …
The investigation of a fiery derailment of seven BNSF train cars carrying crude oil from North Dakota to a refinery in Washington state is underway in Custer, Washington, 100 miles north of Seattle. The Associated Press reported that the fire closed nearby streets in Custer and two people on board the train escaped injury. …
First it was news of a fast-spreading new coronavirus strain in Britain that apparently resulted in falling oil prices in Monday’s trading. Then came news of a similar mutated strain in South Africa and on Tuesday, energy stocks suffered even more losses. West Texas Intermediate crude for January delivery fell 5 cents to $47.02 …
Democrats and Republicans Congress might have a different reason for cheering about the nearly 5,600 page COVID-19 relief and omnibus spending package passed this week. While working under the headline of finally reaching agreement on $900 billion pandemic relief bill, both parties also came up with a $1.4 trillion spending package to fund the …
