Fort Worth-based Brazos Midstream has expanded its holdings in the Permian Basin with the acquisition of two facilities on either side of the region. The Carlsbad Current Argus reports the natural gas processing company made the acquisitions in the eastern Delaware sub-basin near the Texas-New Mexico border and in the Midland Basin more eastward …
Shale industry groups rip Sen. Warren’s letter
Massachusetts U.S. Sen Elizabeth Warren’s attack last week on natural gas companies including some from Oklahoma drew returning criticism this week from the leaders of Appalachian shale industry trade groups. The Democratic Senator, who grew up in Oklahoma and is a vocal critic of the oil and gas industry wants to force the natural …
SE Colorado county to get millions from Xcel Energy
Xcel Energy agrees to pay a Colorado county $25 million annually for five years after the 2035 shutdown of its Comanche coal power plant to offset lost property tax revenues. The Pueblo Chieftain reports the payment came as a result of the shutdown of a coal-fired power plant six years earlier than anticipated. Click here …
Oklahoma Senators and Reps want more time from EPA on methane regs
Oklahoma’s congressional delegation is urging EPA Administrator Michael Regan to give more time for public comment on the agency’s proposed regulation of methane emissions from oil and gas operations. “The proposed rule would unquestionably have a significant and wide-ranging impact on oil and gas businesses, most of whom are small businesses, who employ thousands …
Kairos Power Moves Forward With NRC Hermes Test Reactor Application in Tennessee
The Nuclear Regulatory Commission has accepted an application for review from Kairos Power for a permit to construct a test reactor at a site in Oak Ridge, Tennessee, according to a posting on the NRC’s official website. Kairos submitted the initial portion of its application on September 29 followed by the remainder on October 31, 2021. The …
FEMA Extends Public Comment Period on Floodplain Management Standards
FEMA published a notice in the Federal Register extending the public comment on the National Flood Insurance Program’s minimum floodplain management standards by 45 days from December 13, 2021. The new deadline for public comment is January 27, 2022. In addition, FEMA scheduled a third public meeting at 3 p.m. ET on December 15, 2021. …
Halliburton sets 4Q earnings date release
With $3.9 billion in third quarter revenue, Halliburton Company announced it will release its fourth quarter 2021 financial results in January. The company plans a conference call on Monday, Jan. 24, 2022 to discus the results. The call will begin at 8 a.m. Central Time and the company will issue a press release …
Analyst explains failure of Biden’s crude oil release
President Biden’s recent decision to release crude oil from the nation’s Strategic Petroleum Reserve—will it have the effect he desires in lowering the cost of gasoline at the pump? In a word, “no” says Peter Zeihan, the noted American geopolitical analyst and author who analyzes data from geography and global politics to understand economic …
Williams Board member resigns
The Williams Companies, Inc. announced the resignation of one of its members of the firm’s board of directors. Vicki L. Fuller, according to a Williams filing with the SEC resigned effective Dec. 1, 2021, explaining she wanted to devote her time to a new management position. “Vicki Fuller has delivered tremendous value to our Board …
New Exec VP named at Chesapeake Energy
Chesapeake Energy Corporation announced that Mohit Singh has been appointed Executive Vice President and Chief Financial Officer, effective December 6, 2021. “I am pleased to welcome Mohit to Chesapeake at such an exciting time in our company’s history,” said Nick Dell‘Osso, Chesapeake’s President and Chief Executive Officer. “Mohit brings deep financial and executive leadership capabilities to our already …