New lender for PHX Minerals in OKC

  Oklahoma City-based PHX Minerals Inc. recently announced the closing of a new four-year $100 million senior secured credit facility. The new facility, led by Independent Bank including MidFirst Bank replaces the company’s previous credit agreement which was with a lending syndicate  led by Bank of Oklahoma. The new facility included an initial borrowing base …

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Oklahoma firms get USDA loans for renewable energy projects

  Three Oklahoma companies are among those set to receive part of the $464 million the USDA announced it is investing in solar, wind and other renewable energy projects in the Midwest and Great Plains. Central Rural Electric Cooperative headquartered in Stillwater will receive $88.7 million to improve 179 miles of electric lines throughout north-central …

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Kansas to install $2 million in EV chargers along interstates

  The state of Kansas says it will use millions in Volkswagen settlement money to install at least a dozen electric vehicle charging stations along major interstates and highways. The $2 million project was announced this week by the Kansas Department of Transportation reported the Wichita Eagle. Click here for Wichita Eagle.

Energy news in brief

** The U.S. government has agreed to sell crude oil from the nation’s emergency reserve to eight companies including Exxon, Chevron and Valero, under a scheduled auction to raise money for the U.S. budget, the Department of Energy said. ** U.S. Rep. Teresa Leger Fernández, a New Mexico Democrat, introduces a bill that would provide $5 …

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Dems propose keeping oil and gas industry tax breaks

  President Biden doesn’t get everything he wants from Congress when it comes to his attacks on the oil and gas industry in Oklahoma and across the U.S. Take for example his call to end the tax breaks for oil and gas producers. Congress ignored Biden this week, unveiling a draft tax overhaul in the …

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Feds okay private nuke waste site in West Texas oilfields

  A private company’s plan to store tens of thousands of tons of highly radioactive nuclear waste in west Texas oilfields won approval this week from Federal regulators. The U.S. Nuclear Regulatory Commission granted a license to Orano CIS LLC and its joint venture partner, Waste Control Specialists LLC. It will allow the firms to …

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Natural gas processor hit with major fine over illegal pollutant emissions in New Mexico

  One of the largest natural gas processing firms in the nation agreed to a settlement and $950,000 penalty with the New Mexico Environment Department over illegal emissions of pollutants. The state of New Mexico announced a settlement agreement and stipulated final compliance order with DCP Operating Company, LP, a firm headquartered in Denver, Colorado. …

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Kansas AG says utilities might have broken the law over natural gas spikes

  The Attorney General in Kansas said this week he believes the natural gas price spikes during the February winter storm “appear to violate Kansas law.” Derek Schmidt announced Monday his office will seek expert help with the investigation and possible lawsuits reported the Hays Daily News. Click here for Hays Daily News

OK Governor’s Water Conference changed to ‘virtual’ due to COVID-19

  COVID-19 makes it mark once again in Oklahoma, forcing the state to alter the approaching 2021 Governor’s Water Conference. Instead of an in-person event, the conference will be a ‘virtual’ conference December 1-2 according to the Oklahoma Water Resources Center. The Center announced this week it had “recently received word” of the change in …

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4,500 barrel production from Ovintiv wells in Kingfisher County

  Just as we reported of the continued big well production by Ovintiv Mid-Continent Inc. in Oklahoma’s STACK, the company followed it up with two more wells from the same pad southwest of Kingfisher making combined production of nearly 4,600 barrels of oil a day. Ovintiv will sometimes file completion reports on one or two …

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