Two Oklahoma companies, Chesapeake Energy and Ascent Resources are among a handful of other energy companies accused by U.S. Sen. Elizabeth Warren of “corporate greed” and exporting record amounts of natural gas while imposing massive price increases on consumers. This week, the Democratic Massachusetts Senator called on energy companies to explain their decisions to …
Ovintiv keeps drilling in STACK
Energy exploration company Ovintiv plans more drilling in a sweet spot it’s found in Kingfisher County where it’s had some major success over the past year. The company received drilling permits for two wells on a site about 3 miles southeast of the city of Kingfisher. The REHERMAN 1607 #2H-25X and the REHERMAN 1607 #3H-25X are located at 05 …
So much for Biden’s move to bring down crude oil prices
If President Biden thought his decision to release 50 million barrels of oil from the nation’s Petroleum Strategic Reserve would have an immediate impact on crude prices…he was right. They went up on Tuesday hours after his announcement. And Oklahoma energy stocks responded in kind with many firms reporting 5 to 8% gains for …
Former Kansas army ammunition plant explored as possible solar farm
A long-deserted ammunition plant near Kansas City might be turned into a solar farm. The Shawnee Mission Post reports that Savion, LLC, a privately-held Kansas City-based solar company is looking into the idea of converting the old Sunflower Army Ammunition Plant in De Soto into a large-scale solar operation. Click here for Shawnee Mission …
DEQ wants to increase loan forgiveness on water loans
A proposal has been made at the Oklahoma Department of Environmental Quality to increase the amount of loan forgiveness amount up to a million dollars on money obtained from the state’s Drinking Water State Revolving Fund. The DEQ announced an amendment was proposed to the state fiscal year 2022 Drinking Water State Revolving Fund …
Enviros criticize New Mexico governor’s hydrogen hub plan
New Mexico Gov. Michelle Lujan Grisham’s plan to create a massive Hydrogen Hub in her state isn’t getting good reviews from environmentalists. In fact, they are against the plan, saying it’s a fossil fuel plan reports Capital & Main. Click here for Capital & Main.
EPA flunks Colorado oil hub with new smog rules
Weld County, the most prolific oil-producing county in the state of Colorado was declared out of compliance by the Environmental Protection Agency with the agency’s 2015 ground-level ozone standards. All of the county that is north of Denver next to the state line. E & E News reported the declaration came after a federal …
Oklahoma Reps say Biden’s oil move won’t work
President Biden’s announced decision to release 50 million barrels of oil from the nation’s Strategic Petroleum Reserve, a move aimed at lowering gas prices drew immediate criticism from two Oklahoma congressmen. Both said the problem was one caused by Biden. Republican Tom Cole, OK-04, said the reserve is supposed to be used during genuine …
Wednesday’s energy news headlines
** Some 64 percent of respondents in a CBS News poll believe the U.S. economy is in bad shape. Of these, 74 percent are blaming the bad economy on high prices at the pump, the news outlet reported. ** Boston Mayor Michelle Wu signed an ordinance Monday designed to divest the city from fossil fuels. The ordinance will …
Keystone Pipeline developers want $15 billion from U.S. for cancellation
The developers of the cancelled Keystone XL pipeline, the one that would have carried Canadian crude oil to Cushing, Oklahoma and southward to Gulf Coast refineries want the Biden administration to cough up $15 billion in damages over the President’s executive order. Calgary-based TC Energy Corp. filed a request Monday for arbitration in one …
