** NextDecade Corporation and Enbridge Inc. announced that they have entered into a definitive agreement whereby Enbridge will acquire Rio Bravo Pipeline Company, LLC from NextDecade for a cash purchase price not to exceed $25 million, with $15 million paid at closing and the balance paid upon NextDecade’s reaching a positive final investment decision on its …
February 2020 archive
Drone bills to be considered by Senate committee
Two drone-related bills will be considered Tuesday during a meeting of the Oklahoma Senate Transportation Committee. Both SB 1688 and SB 1896 were filed by Sen. Michael Bergstrom, a Republican legislator from Adair. SB 1688 would create the Oklahoma Advanced Mobility Pilot program to be administered by the State Transportation Department. Under the measure, an …
Coal demand is declining in U.S.
Nearly one in five of the tons of coal delivered to U.S. power generators in the first three quarters of 2019 went to power plants planning to close by 2025 or earlier. And the head of a Tulsa-based coal company has a solution. With no coal-fired power plants on the drawing board at home and …
North Dakota oil production slipped in December
North Dakota regulators say oil production in December was down about 3% from November. The Department of Mineral Resources says the state produced an average of 1.47 million barrels of oil daily in December. That’s down from 1.51 million barrels from the prior month. North Dakota also produced about 94.8 billion cubic feet of …
Cheniere Energy’s troubles in reopening LNG export terminal
Two years after leaks led federal regulators to shutter a pair of liquefied natural gas storage tanks at Cheniere Energy Inc.’s Sabine Pass export terminal in Louisiana, the company has met fewer than half the conditions for reopening. The Pipeline and Hazardous Materials Safety Administration (PHMSA) set 16 conditions for reopening the two giant …
Missouri farmer wins $265 million in lawsuit against herbicide maker
A US jury has awarded $265 million to a Missouri farmer who blamed herbicide from chemical giants Bayer AG and BASF for destroying his peach orchards, in a case set to bolster 140 other lawsuits. Jurors in federal court in Cape Girardeau, Missouri, made the ruling on Saturday after peach farmer Bill Bader claimed the …
Community solar bill killed by New Mexico State House
New Mexico state House members don’t support development of what are called community solar projects and recently rejected such a bill. By a vote of 36-28, the New Mexico House came out against expansion of access to solar energy in the state, according to a the New Mexico Political Report. Community solar projects, also referred …
Dividend declared by Halliburton
Halliburton Company announced that its board of directors has declared a 2020 first quarter dividend of eighteen cents ($0.18) a share on the Company’s common stock payable on March 25, 2020, to shareholders of record at the close of business on March 4, 2020. The Company’s annual meeting of shareholders will take place on May …
Energy news in brief
** Great River Energy says decisions on the future of North Dakota’s largest coal plant will be made later this year. A municipal utility in southeastern Minnesota prepares to demolish a former coal plant that shut down in 2016. ** A Navajo company agrees to waive its sovereign immunity in Wyoming, which allows state regulators to oversee two mines it recently acquired. ** The shutdown …
Layoffs hit Colorado oil and gas company
Denver’s Extraction Oil and Gas Inc. announced the layoff of 20% of its workforce while the oil and gas industry suffers a slowdown. The 20% equates to about 60 workers from the company’s downtown headquarters and field operations in the D-J Basin. “We reorganized our workforce into a more streamlined structure that better matches …
