November 2019 archive

For Sale—Occidental Petroleum’s holdings in DJ Basin

Houston’s Occidental Petroleum Corp has just put the “For Sale” sign on 200,000 acres of oil and gas properties in Wyoming and Colorado.  The holdings in the Denver-Julesburg Basin located in the two states were part of Occidental’s purchase of Anadarko Petroleum and now the company is trying to sell them, hoping to get up …

Continue reading »

Completion reports for November 11, 2019

Completion reports for November 11, 2019. completions: none were processed today

Permits to drill for November 11, 2019

Permits to drill for November 11, 2019.   permits: none were processed today

Energy news in brief

** Oklahoma Gas and Electric is dealing with power outages due in part to strong winds that whipped Oklahoma and brought snow flurries and freezing temperatures.  As of mid-day on Monday, the utility was down to about 6,000 customers without power,down from 8,500 earlier in the day. The largest outages were in Shawnee where 1,675 customers …

Continue reading »

BLM might expand employee numbers at new headquarters in Colorado

The creation of a new Bureau of Land Management headquarters in Grand Junction, Colorado might involve more employees than originally announced. Acting director William Pendley said up to 40 might be located in the Western Colorado city once the relocation is made from Washington, D.C. William Perry Pendley, who is meeting in Grand Junction this …

Continue reading »

Permian drillers depending more and more on wind farms for electricity

A bit of irony exists as the oil and gas industry finds itself dependent on wind and solar power to make sure the shale boom continues. It’s in West Texas where there is growing demand for electricity to power the drilling rigs. It wasn’t but a few years ago, at least in Oklahoma, where the …

Continue reading »

Permian Basin wildcatter isn’t letting up

(courtesy Bloomberg) Wildcatters in the oil and gas business pride themselves on being independent, tough and resilient.  Midland, Texas billionaire Autry Stephens must be one of them. The Houston Chronicle reports on his aggressiveness in the Permian Basin. The drilling permits speak for themselves. Wildcatter billionaire Autry Stephens is not ceding control of the Permian …

Continue reading »

A nervous wait for pensioners at bankrupt coal company

Those wondering if their pensions will be wiped out with the recent bankruptcy of the coal company Murray Energy will have to wait to learn what might happen.  The company has $8 billion in debt and attorneys involved in the court proceeding say it’s just to early to determine how the company might emerge, if …

Continue reading »

Kansas continues to exceed renewable energy goal

With $11 billion in wind energy in the past decade, the state of Kansas has topped its Renewable Energy Standard goal by 16.5 percent in the past year. KSNT TV reports the goal was to have 20 percent of an industry’s demand generated by renewable energy and in the past ten years, the state has …

Continue reading »

Income reported by NGL Energy Partners

Instead of a loss reported a year ago, Tulsa’s NGL ENergy Partners LP reported income of $0.7 million from continuing operations for the third quarter 2019.  A year ago, the company had a loss of $26 million. However, for the six months that ended Sept. 30, 2019, the Partnership had a loss of $1.7 million, …

Continue reading »