Oklahoma’s crude oil production increased more than 27% from February to March of this year according to the U.S. Energy Information Administration. The EIA, in its most recent report showed Oklahoma’s oil production for March 2021 was 404,000 barrels a day of crude oil, up from the 317 ,000 reported daily in February. The …
Energy news in brief
** The Minnesota Court of Appeals on Monday affirmed state regulators’ key approvals of Enbridge Energy’s Line 3 oil pipeline replacement project, in a dispute that drew over 1,000 protesters to northern Minnesota last week. ** Royal Dutch Shell Plc is reviewing its holdings in the largest oil field in the U.S., a possible sale that could raise …
Refiners might get biofuels relief
Refinery operators such as the CVR Refinery in Wynnewood that took its challenge of biofuels mandates to the U.S. Supreme Court might get some relief under the Biden administration. Reuters reports that the administration, under pressure from labor unions and U.S. senators in Delaware is giving thought to providing relief to the refiners from …
Carbon capture plans stalled in New Mexico
The challenge for Enchant Energy Corp just became tougher in its move to turn a coal-fired San Juan Generating Station in northwest New Mexico into the world’s largest carbon-capture power plant. The Albuquerque Journal reports the company is now facing years of delays. Click here for Albuquerque Journal article.
Wind industry takes another hit
Just a few weeks after Oklahoma regulators were told of what was described as a “dangerous windfarm” with damaged and dilapidated wind turbines in the Panhandle, the wind industry was rocked with the closing of a wind blade manufacturing plant in Aberdeen, South Dakota. More than 300 workers and their families will lose their …
Stock Prices Ending June 11, 2021
Alliance Resource Partners, L.P. – ARLP 7.13 USD +0.12 (+1.71%) Friday Blueknight Energy Partners LP – BKEP 3.96 USD +0.02 (-0.52%) Friday Chesapeake Energy Corporation – CHK 56.22 USD +0.64 (+1.15%) Friday Cimarex Energy Co. – XEC 71.55 USD -0.43 (-0.68%) Friday Continental Resources, Inc. – CLR 35.53 USD +0.24 (+1.23%) Friday Cypress Environmental Partners LP – CELP 2.58 USD +0.03 (+1.18%) Friday Devon Energy Corporation – …
Biden Rolls Out His Regulatory Agenda and Plan
The Biden Administration recently released its first Unified Agenda of Regulatory and Deregulatory Actions. The agenda offers a view into the priority regulations that federal agencies are planning to work on over the next year. It provides more insight into plans to undo the regulatory policies of the preceding administration. During his first day in …
FAA Approves Spaceport License Renewal for Burns Flat Launch Site
The Federal Aviation Administration approved the renewal of the spaceport license for the Oklahoma Space Industry Development Authority, according to a recent update. The license authorizes the Authority to operate a launch site at the Clinton-Sherman Industrial Airpark in Burns Flat, Okla., in support of FAA-licensed or permitted suborbital missions by reusable launch vehicles. The license …
NY’s Power REIT Enters “Wild West” of OK Cannabis Market with Land Purchase
Oklahoma’s cannabis market just got a new player as New York-based Power REIT announced that it has acquired a 9.35-acre property in Craig County, Oklahoma through a wholly owned subsidiary. The property is located in the northeast corner of Oklahoma which offers a favorable growing climate for greenhouse cultivation. As part of the transaction, Power …
JB Hunt and Waymo Team Up for Texas Autonomous Pilot Project
Arkansas-based J.B. Hunt Transport Services Inc. and Waymo, the American autonomous driving technology company, will partner to collaboratively test driverless freight delivery in Texas, according to a recent press release. The series of test runs over several weeks will use Waymo Via, an autonomous Class 8 truck, to haul freight along Interstate 45 between facilities …
