The most recent rig activity report from Baker Hughes showed an increase of 2 to to 588 oil and gas rigs nationwide while Oklahoma’s count was unchanged at 49. The Oklahoma numbers compared to 18 reported one year ago by Baker Hughes. Texas remained of course the state with the largest count at 274 …
New Mexico gets nearly $1 million settlement with Hillcorp Energy
Texas oil and gas company Hilcorp Energy agreed to pay $932,500 to settle violations relating to remediation plans at six of its New Mexico facilities. The settlement was announced by the New Mexico Energy, Minerals and Natural Resources Department’s Oil Conservation Division. It said the settlement of the notice of violation, or NOV, involved sites in …
New Mexico wind complex comes online
Another major wind project has become operational in central New Mexico. Pattern Energy Group LP announced its Western Spirit Wind complex of four wind parks in the state is completed, making it the largest single-phase renewable energy project in the U.S. reported Renewables Now. Click here for Renewables Now.
Federal bank survey shows moderate energy growth
Energy activity in Oklahoma and other states that make up the Tenth District of the Federal Reserve Bank of Kansas City continued to expand according to its fourth quarter Energy Survey. Chad Wilkerson, Oklahoma City Branch executive said the survey showed energy activity expanded “moderately” from a quarter ago and increased further from year-ago …
Monday headlines of other energy news stories
** Exxon Mobil Corp on Thursday rejected a proposal by the United Steelworkers union (USW) to end an eight-month lockout of about 600 workers at the company’s Beaumont, Texas, refinery, the company said. ** The U.S. Nuclear Regulatory Commission (NRC) on Thursday denied a license to Oklo Power LLC to build and operate the company’s Aurora compact …
If the market wants it, EOG is ready to pump more oil
Leadership at EOG Resources Inc. boldly proclaimed it is ready to begin production of more crude oil but only if the market cries for it. The Houston-based firm, one of the biggest U.S. shale oil producers with operations throughout Oklahoma took part in a recent Goldman Sachs virtual energy conference. There, EOG Chief Executive …
Keystone XL lawsuit filed by Oklahoma and others declared moot
The lawsuit filed by Oklahoma and more than 20 other states over President Biden’s move to revoke a permit for the Keystone XL pipeline was declared moot by a Texas federal judge who said the project is already canceled. As The Hill reported, Judge Jeffrey Brown cited a brief from pipeline owner TC Energy …
Texas shutdown of disposal wells over earthquakes could affect Tulsa firm’s operations
Energy consultancy Rystad warns some Texas shale oil and gas producers in the Permian Basin could lose nearly half of their wastewater disposal capacity because of earthquake restrictions taken by the Texas Railroad Commission. Some of the wells in the region where the Commission is shutting down deep injection wells include wells run by …
SEC alleges Ponzi scheme in Permian Basin investments
The U.S. Securities and Exchange Commission this week sued Heartland Group Ventures LLC, its founders and a slew of affiliates who raised $122 million from more than 700 investors in Permian Basin what were to be oil and gas projects in the Permian Basin. Click here for Bloomberg.
Iowa farmers push back on proposed CO2 pipeline
“This isn’t Texas or Oklahoma. This is Iowa and things are different here.” Iowa landowners are voicing their opposition to the plans of a Texas company to build a multi-billion dollar CO2 pipeline connecting to 40 ethanol plants. Click here for Ames Tribune.
