Environmentalists are fighting the January sale of oil and gas drilling leases in New Mexico and Texas by the Bureau of Land Management. They filed written protests of the Jan. 14, 2021 auction of 6,442 acres in the Permian Basin located in the two states. The Carlsbad Current Argus reports WildEarth Guardians, the Center for …
November 2020 archive
Colorado oil and gas regulators finalize new rules for the drilling industry
Set in stone—new Colorado rules requiring a 2,000 foot drilling setback from homes and schools. The Colorado Oil and Gas Conservation Commission finalized the rule changes this week in a move that it indicated was to prioritize public health and safety and the environment when it comes to deciding whether to approve oil and …
Williams and Chesapeake reach natural gas agreement
Bankrupt Chesapeake Energy Corp. and Tulsa’s Williams Cos. have reached an agreement to allow treatment and movement of its natural gas in the Lower 48. The gas gathering agreement with Williams will allow Chesapeake to continue to have an outlet for its gas production from the Midcontinent, the Eagle Ford, Haynesville and Marcellus shales …
Energy news in brief
** Some of the largest biofuels companies plan to ask Biden to impose a nationwide standard to reduce carbon emissions from transport fuels, Reuters reports, citing five sources familiar with the matter . ** The industrial slowdown spurred by the coronavirus pandemic has not curbed the record levels of greenhouse gases, according to a new report from the World …
Enbridge gets nod for new crude pipeline in Midwest
The U.S. Army Corps of Engineers this week approved federal permits for Canada’s Enbridge Inc. to go ahead with its Line 3 crude pipeline replacement project. The line moves crude from Alberta’s oil hub to Midwest refiners in the U.S. and the approval of the permits will allow replacement construction that’s been delayed for …
Surging energy stocks–it’s all about vaccine optimism–and demand
Why did energy stocks make such large leaps in Monday’s trading? Analysts give much of the credit to news of more coronavirus vaccine development. Stocks continued shooting up in Tuesday’s trading and one explanation said it happened based on the hopes that vaccines will do something to diminish the large amount of stored crude …
Completion reports for November 23, 2020
Completion reports filed on Nov. 23, 2020. BLAINE COUNTY Devon Energy Production Co Lp Mississipian/ Mississippian Less Chester: Oil 1153 Gas 2256 Water 1170 Flow 32 16N 10W Fleenor 5_8_17-15n-10w 4hxx, November 27, 2019 HH, OIL, TD: 24515 ft Lat: 35.81339, Long: -98.28605 API: 35011242120000 Devon Energy Production Co Lp Mississipian/ Mississippian Less Chester: Oil 1171 Gas 2947 Water 1286 Flow 32 16N 10W Fleenor 5_8_17-15n-10w …
Permits to drill for November 23, 2020
Permits to drill issued on Nov. 23, 2020. permits: none were processed today
Congressman Mullin warns oil and gas industry Biden administration will attack pipelines
As more and more gas and oil pipelines are threatened by environmental activists, courts and state governments, Oklahoma Congressman Markwayne Mullin says it could be only the beginning under a Biden administration. And he warns the oil and gas industry needs to be aware of it. “I feel like they’re going to attack the …
Energy stocks soared as crude futures hit 3-month high
As crude oil futures rose to a 3-month high in Monday’s trading because of high hopes the potential COVID-19 vaccine will help turn the world’s economy around, Oklahoma energy stocks rebounded with huge steps. West Texas Intermediate crude didn’t hit the high. Instead it slipped 2 cents and settled at $43.04 in Monday’s trading. …