Cypress Environmental Partners, L.P. announced Friday that it filed for Chapter 11 bankruptcy protection and reached a restructuring support agreement with its priority senior secured lender. The move with affiliate of Argonaut Private Equity is expected to clear nearly $58 million of debt by Cypress. The petition was filed in the U.S. Bankruptcy …
US crude prices made slight gain on Thursday
Crude oil prices made more slight gains in Thursday’s trading in the U.S. but dropped in Europe as supply issues remain a concern. West Texas Intermediate crude for June delivery went up 42 cents to settle at $106.13 a barrel on the New York Mercantile Exchange. Global benchmark Brent crude for July delivery slipped …
New law removes USDA from poultry feeding rules
Governor Kevin Stitt signed a bill yesterday that would localize the promulgation of poultry feeding rules through the Oklahoma Department of Agriculture and Forestry (ODAFF). House Bill 2983, authored by Rep. David Hardin, R-Stilwell, puts rulemaking power into the hands of ODAFF rather than the United States Department of Agriculture Natural Resources Conservation Service (USDA …
Colorado to get first commercial carbon capture projects
Two ethanol plants in eastern Colorado will be the sites of the state’s first commercial carbon capture efforts. Carbon America announced the project Thursday with Sterling Ethanol and Yuma Ethanol, in apparently the first commercial operation of its kind to sequester significant amounts of carbon in Colorado according to the Colorado Sun. Click here …
Governor signs bill targeting catalytic converter thieves
The governor on Wednesday signed into law a bill that increases the punishment for theft of catalytic converters, tires and wheels from a vehicle. House Bill 4373 by Rep. Ross Ford, R-Broken Arrow, modifies the elements of third-degree burglary to include the theft of these vehicle parts and provides that the fine for such …
Science and Tech bills win approval in US House
Bills sponsored and supported by U.S. Reps. Frank Lucas and Stephanie Bice, both members of the House Science and Technology Committee were approved Wednesday in the House of Representatives. Five bills that came out of the committee, covering a range of environmental and technological issues were approved. “The bills passed today do important work to …
Democrats again to target oil and gas over high prices
Look for Democrats to begin looking next week into price gouging because of high gasoline prices and don’t be surprised if they attempt to go after the oil and gas industry. Instead of exploring their own policies, the Democrats plan to continue their pursuit of “big oil.” Long considered their favorite whipping boy when …
Other energy headlines
** Cleaner air in United States and Europe is brewing more Atlantic hurricanes, a new U.S. government study found. ** The House Natural Resources Committee announced its first-ever criminal referral to the Department of Justice on Wednesday, asking it to investigate whether Mike Ingram, an Arizona real estate developer and a campaign donor to Donald Trump, bribed public officials …
Drilling operations grow across the U.S.
Permian operators accelerate drilling programs in last month. The U.S. rig count rose by 10 in the last week to 790 as of May 11, according to Enverus Foundations. Activity levels are up 5% in the last month and up 49% YOY. The count reached as high as 790 during the last week, which …
New Mexico utility fears power outages over solar crisis
The government-induced crisis that hit the U.S. solar industry has left a major New Mexico public utility wondering whether there might be power outages next year in the state as a result. The Albuquerque Journal reports Public Service Company of New Mexico, another subsidiary of American Electric Power is worried because supplies have been …
