Next summer’s heat in Texas could create power grid problems for the state

Texans are being warned the summer of 2019 could produce even greater electricity demand than what the state saw this past summer. Triple-digit temperatures strained the state’s main power grid to near capacity but the Electric Reliability Council of Texas says 2019 will be worse. That’s because the cushion between peak electricity usage and maximum …

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Attorneys contend driller was warned of faulty equipment before deadly Oklahoma rig explosion

A new report reveals that company officials were warned of faulty equipment that eventually led to the January 2018 oil rig explosion that killed five men in southeastern Oklahoma. E and E News says the warning came two days before the deadly blast and fire. The energy news letter reported that the rig superintendent had …

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President set to sign bill helping tribes spur energy development

Oklahoma Indian tribes are among those applauding approval this week by the U.S. House of a bill to help the nation’s tribes spur more energy development. Approval of the Indian Tribal Energy Development and Self-Determination Act came Monday on a voice vote in the House and means tribes will have more control of their own …

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Federal judge to weigh arguments against Dakota Access oil pipeline

A federal court hearing is set for Wednesday in Washington as four Native American tribes press their case against the Dakota Access oil pipeline in North Dakota. U.S. District Judge James Boasberg has been asked by the Standing Rock, Cheyenne River,Yankton and Oglala Sioux tribes to challenge findings by the U.S. Army Corps of engineers …

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Colorado might increase oil and gas well buffers around schools

In Colorado, oil and gas drilling operators might soon face stricter rules about drilling near schools. As the Denver Post recently reported, state regulators want to increase the mandatory buffer zone close to school properties. the proposal from the Colorado Oil and Gas Conservation Commission would require new wells to be at least 1,000 feet …

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Chaparral Energy gets more credit

Chaparral Energy, Inc. of Oklahoma City announced this week its credit has been expanded from $400 million to $750 million. At the same time, bankers also reduced borrowing costs to the energy company. The borrowing base went from $265 to $325 million. Chaparral also said its new administrative agent is Royal Bank of Canada. The …

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North Texas to get more electricity from solar power

Another solar energy project is coming to north Texas. 7X Energy Inc. a solar developer based in Austin, Texas announced it is partnering with CoServe Electric to construct the project in Andrews County, about an hour from Midland. Construction is expected to begin in the first quarter of 2019 and during its peak will bring …

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West Texas to get another new pipeline

A new $43 million natural gas pipeline will be built in West Texas by the United Kingdom-based Wood Group PLC. The company won the contract for the 80-mile line from a yet-to-be identified midstream company. The steel pipeline company says it anticipates employing about 200 workers for the project. “This is a strategic pipeline for …

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ConocoPhillips out with ‘flat’ 2019 capital expenditure budget

ConocoPhillips has come out with its 2019 capital expenditure budget and operating plan totaling $6.1 billion including expected share repurchases of $3 billion for the year. The company described the new cap-ex budget as “flat” compared to 2018. In an announcement from its Houston, Texas headquarters, the company stated that it also expects 2019 production …

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Arkansas tax fight hits school districts below the belt

  A tax fight in Arkansas by the Southwestern Energy Co. of Houston is leaving some school districts in the lurch. As Bloomberg News reported recently, a school district in Pangburn, Arkansas is feeling the strain as the $2.7 billion utility disputes its local tax bills. Southwestern Energy  has reportedly filed lawsuits in six Arkansas …

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