Efforts to build underground pipelines across Iowa to capture carbon dioxide from ethanol and fertilizer plants are running into more and more oppositions. Axios reports environmentalists, farmers and community leaders are voicing their opposition to the plans that might include the use of eminent domain. Click here for Axios.
Enbridge to build natural gas pipeline to Brownsville LNG plant
An expansion of Enbridge’s Valley Crossing natural gas pipeline delivering fuel to the Texas LNG export plant at Brownsville was announced this week. Reuters reported U.S. energy company Glenfarne Group LLC stated a 10 mile lateral will be built by Enbridge. Click here for Reuters.
Permian Basin oil production was at a record high pace in December
Record oil production in the Permian Basin was reported for the month of December and no doubt, Oklahoma exploration companies were part of the reason for it. Crude supply in West Texas and Southeast New Mexico averaged 4.92 million barrels a day reported Bloomberg. Click here for Bloomberg.
Gas wells among Oklahoma completions
Two significant gas wells are among those reported to be completed in Oklahoma in filings with the Corporation Commission. Continental Resources Inc. of Oklahoma City reported completion of a gas well in Blaine County and its initial production was 10,784 Mcf of natural gas a day. The Slagell 2r-20-29-32xhm, located at 17 14N 13W , a site …
ONE Gas Issues 2022 Financial Guidance
ONE Gas, Inc. came out this week with a financial guidance for 2022 and an update of its five-year growth rates. The company said it had narrowed its 2021 financial guidance range and had a new goal for emissions reduction from its vintage pipeline replacement program. “We are expanding our core business by capitalizing …
North Dakota oil production increased in November
The latest oil production data released by North Dakota showed a 4% increase over October. The Bismarck Tribune reports the production totaled 1.16 million barrels a day for the month, the most significant increase in more than a year in the state where numerous Oklahoma energy companies help in oil and gas exploration and …
Legislators announce plans to rename portion of highway
Three southern Oklahoma legislators want to rename a short stretch of Highway 36 near Hollister in honor of the late businessman Edgar L. Hamm. Hamm owned and operated Hamm’s Feed Lot for many years. He was co-owner of the Southwest Sire Evaluation Center and American Cattle Services, owner of Hamm’s Feed and Supply, Hamm’s …
Chevron wins solar energy bid for Eddy County project
Chevron is the winner of a recent New Mexico auction which will net the state land trust nearly $7 million in an expansion of solar energy production in the Permian Basin. The 326-acre project will be in Eddy County and called the Hayhurst New Mexico Solar project reported KRQE. Click here for KRQE
Increased dividend declared at ONE Gas
ONE Gas announced this week an increased dividend for the first quarter of 2022. The board of directors approved a 4-cent increase per share to 62 cents per share. The resulting annualized dividend would be $2.48 per share according to the company’s announcement. The dividend is payable March 11, 2022, to shareholders of record …
Oil and gas production averages slip in Anadarko
Oil and gas production from new wells in the Anadarko Basin, of which Oklahoma is a large part dropped from January to February according to a new report from the U.S. Energy Information Administration. The EIA report showed the average production of oil dropped from 762 barrels a day in January to 731 barrels …
