Oil and gas developers active in North Dakota no longer are forced to ship their radioactive waste to Montana following the opening of a new disposal facility in North Dakota. The Bismarck Tribune reported that a new facility is open in McKenzie County which abuts the Montana state line. Click here for Bismarck Tribune …
Keystone pipeline opponents aren’t finished with their fight
Farmers, ranchers and environmentalists who fought the Keystone XL pipeline, a line first canceled by President Biden then by the developer TC Energy say they are not finished with their efforts. They contend there is uncertainty and possible eminent domain court fights ahead. The Omaha World-Herald reports that the founder of a leading opposition …
$1 billion transmission line finished
Ameren Transmission Company of Illinois says it has finally completed a $1.4 billion project to carry wind power from Missouri across Illinois and to the state of Indiana. Called the Illinois Rivers Project, the 375-mile 345,000 volt line was constructed to provide lower-cost energy from renewable sources for Midwestern families and businesses. The transmission …
$400 million note offering closed by Ascent Resources
Oklahoma City’s Ascent Resources Utica Holdings, LLC announced on Monday the closing of a $400 million senior note offering. The company along with its wholly-owned subsidiary, ARU Finance Corporation closing the offering of 5.875% senior unsecured notes due 2029. Ascent had earlier stated it will use proceeds from the note offering to pay down …
Oklahoma crude oil production makes slow comeback
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 – …
