** EPA Administrator Andrew Wheeler says he believes forest management issues are a more significant factor than climate change in Western wildfires. ** LyondellBasell to cut Houston refinery staff by 10% on pandemic losses. ** Maine approves the largest procurement of clean energy in state history with the vast majority of projects awarded to solar developers. ** Transco pays Pennsylvania nearly …
September 23, 2020 archive
Fort Worth fracking company files bankruptcy
Fracking-services company FTS International Inc. filed for bankruptcy protection Tuesday after reaching an agreement with creditors on a debt-for-equity swap following a downturn in the energy sector and lower demand for its services. The Fort Worth, Texas, company filed a prepackaged plan that erases nearly $440 million in debt from its balance sheet in …
Oil money fuels north Texas state senate race
Lots of money is pouring into the North Texas Senate campaign of Shelley Luther and it’s coming from West Texas oil and fracking billionaires. The Dallas Morning News reported that newly-released finance reports show Midland oilman Tim Dunn loaned $1 million to the salon owner’s campaign, while Cisco fracking billionaire Farris Wilks and his wife, Jo Ann, chipped …
Standard Lithium begins operations in El Dorado, Arkansas
A new lithium battery production operation is underway in southcentral Arkansas. Standard Lithium began operations this week at its Arkansas LiSTR Direct Lithium Extraction facility in El Dorado. A virtual ribbon-cutting and video walk-through tour of the plant was held reported Talk Business and Politics. Gov. Asa Hutchinson, Senators John Boozman and Tom Cotton, …
Fracking industry to remain weak for 5 more years?
A new report suggests fracking services demand in the U.S. won’t return to pre-pandemic levels until 2025. Reuters reported the claim came from consultancy Rystad Energy which delivered an online presentation. A recovery in demand for hydraulic fracturing services will be “slow and painful,” said Thomas Jacob, vice president of shale research at Rystad. …
Oklahomans split their votes in continued funding for government
Oklahomans in the House split their votes on Tuesday in passing the short-term continuing resolution to continue funding of the federal government through December 11. The vote was 359 in support of H.R. 8337 and 57 against. Those voting no included Rep. Kevin Hern (R-OK 1) while Rep. Markwayne Mulling (R-OK2) did not take …
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