Matador reports big producers in New Mexico

  Dallas-based Matador Resources announced the completion of its first four Boros wells in the Stateline asset area in southeast New Mexico with production ranging from more than 3,100 barrels of oil equivalent up to nearly 4,600 barrels of oil equivalent. The company said all four Eddy County wells are two-mile laterals which were part …

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More drilling interest in Oklahoma

  Some of the latest permits to drill issued by the Oklahoma Corporation Commission showed a slight increase in drilling in the state. Mack Energy Company received a permit to drill two SW Wildcat Jim Deese Unit #17-2-1 wells at 07 2S 2W in Carter County. The site is southeast of Ratliff City. Red Rocks …

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Chamber’s endorsement of Rep. Horn still catches headlines

  The U.S. Chamber of Commerce decision to give a controversial endorsement of Oklahoma Democrat Congresswoman Kendra Horn is still making the political rounds. Grist, in a report about the Chamber’s endorsements for Rep. Horn and other Democrats who strongly support Speaker Nancy Pelosi raised more than the eyebrows of Oklahoma State Chamber of Commerce …

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GE: Industrial giant will stop building coal-fired power plants

  In a dramatic reversal, one of the world’s biggest makers of coal-fired power plants is to exit the market and focus on greener alternatives. US industrial giant General Electric said it would shut or sell sites as it prioritised its renewable energy and power generation businesses reported BBC. It comes ahead of a US …

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Tumbling oil and natural gas prices knocked down energy stocks

  The nation’s energy sector took a beating on Monday as crude oil and natural gas prices took a sharp drop and the broader stock market suffered a selloff. It included the numerous Oklahoma related energy company stocks. Alliance Resource Partners dropped more than 7% or 23 cents to $2.95. Blueknight Energy Partners was down …

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Oil prices down 4% on expectations for return of Libyan crude production, global stock-market selloff

  Oil futures settled lower Monday, with U.S. prices down by more than 4%, as the market braced for the return of crude output from Libya following reports that Libyan military commander Khalifa Haftar will lift an eight-month blockage of crude exports that had shut nearly all of the country’s production. Concerns over the possibility of …

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New solar farm goes operational in west Texas

  Enel Green’s latest solar venture, the Roadrunner solar plant has gone operational in west Texas—the largest plant of its kind in the state. The plant is located in Upton County where Enel recently finished the second and final phase of construction, adding another 245 megawatts to the 252-megawatt first phase that went into operation …

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Firm seeks oilfield waste injection site

  A facility that would inject liquid oilfield waste underground could be coming to the Delaware Basin in New Mexico after state regulators recently approved the needed permits for the facility. Milestone Environmental Services based in Houston announced the completion of the permitting process via the New Mexico Oil Conservation Division on Tuesday for a …

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Legal fight leads to halting of hemp operations in NW New Mexico

  A Navajo Nation judge halted operations at nine hemp farms in northwestern New Mexico as part of a legal fight between a businessman and the tribe’s Department of Justice. The judge issued a preliminary injunction against Dineh Benally and two of his businesses following a hearing Friday, the Farmington Daily Times reported. The tribe sued Benally …

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Regulators to consider continued COVID-19 restrictions

  Oklahoma Corporation Commissioners will pick up Tuesday where they left off last week when their Thursday virtual meeting was interrupted by technical glitches. In a 1:30 p.m. meeting, they will again consider a possible extension of their March order that arose from the start of the COVID-19 pandemic. Tim Rhodes, Director of Administration will …

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