** Denver-based SM Energy Co. on Dec. 20 set new emissions reduction targets and unveiled plans to eliminate routine flaring by 2023. The new environmental targets set by SM Energy, whose operations are focused in the Permian Basin and Eagle Ford shale plays, were largely driven by the company’s shareholders. ** The White House on Sunday ripped …
Carbon pipeline company fights for confidentiality in Iowa
A company planning to build a $4.5 billion carbon capture pipeline across Iowa is fighting a state agency to prevent disclosure of the 15,000 landowners in the path of the line. Summit Carbon Solutions is asking the Iowa Utilities Board to reverse its order according to the Des Moines Register. Click here for …
EV tax credits dead with Biden’s Build Back Better bill
The issue of increased tax credits for electric vehicles appears to have run out of juice after West Virginia Democratic Sen. Joe Manchin came out against the President’s $1.75 trillion domestic investment bill. Like a dead battery, Biden’s social spending plan, one attacked by Oklahoma’s congressional delegation and other Republicans appears to be dead …
EPA’s latest Superfund list
The EPA plans to spend $1 billion on cleaning 49 previously unfunded Superfund sites. A review of the list shows the majority are in the eastern half of the U.S. and Oklahoma is not among any new sites for cleanup. Click here for CBS news report.
Midship Pipeline threatened with FERC penalties over Oklahoma landowners’ complaints
The Midship Pipeline Company is facing more possible penalties over allegedly still failing to carry out reconstruction work on Oklahoma farms where it buried its nearly 200 mile long Midship Pipeline, a line that carries natural gas from Oklahoma’s STACK and SCOOP plays to the Gulf Coast. The Federal Energy Regulatory Commission voted Friday …
BNSF fined over 2018 derailment in Iowa
A $1.5 million fine against BNSF Railway over a train derailment three years ago in northwest Iowa has been agreed by the company. The derailment dumped 117,500 gallons of crude oil into rivers and creeks and the EPA said the Texas-based railroad agreed to pay the fine to settle claims it violated the federal …
Another week of crude oil price declines
As the omicron variant spreads around the world, crude oil prices recorded a weekly loss in Friday’s trading. So did Oklahoma energy stocks. West Texas Intermediate crude for January delivery dropped $2.25 or 3.11% to $70.13 in trading on the New York Mercantile Exchange. Global benchmark Brent crude for February delivery dropped 2.71% on …
Increased oil and gas drilling in Oklahoma and US
First Enverus Analytics reported a jump in rig activity and a day later on Friday, Baker Hughes did the same thing, showing an increase in drilling in Oklahoma and across the U.S. Oklahoma’s count jumped by 2 to reach 48 rigs while nationally, the numbers increased by 3 to 579 active rigs. The number …
Federal Bank report studies growth of renewable energy in Oklahoma
Despite the rebound of Oklahoma’s oil and gas industry in 2021 following the sharp drop in oil prices in early 2020 because of the COVID-19 pandemic, employment in the state has lagged. And one report says renewable energy will evolve. Chad Wilkerson, branch executive, vice president and economist at the Oklahoma City Branch of …
Rep. Bice moves to push President on gas prices, energy development
Oklahoma U.S. Rep. Stephanie Bice and Congressman Ted Budd of North Carolina have introduced a bill targeting President Biden’s executive orders limiting energy development on federal lands. Click here for McCarville Report.
