Conservation groups in Southern Colorado have gone to court in a bid to force new water protection rules that will eventually lead to the shutdown of a coal mine west of Durango. A lawsuit was filed this week against the federal government and the U.S. Department of Interior to stop GCC Energy from expanding …
OGE Energy Corp. announced this week it created a new corporate position—that of Vice President of Corporate Responsibility and Stewardship and named Cristina Fernandez McQuistion to the office. She will assume her duties Jan. 1 of the New Year and will transition from her current role as Vice President and Chief Information Officer. McQuistion …
** Bloomberg reports Pakistan will start building a 1,100 kilometer (684 miles) pipeline in July with Russia that will allow the South Asian nation to operate more liquefied natural gas terminals. ** Venezuela’s national oil company started unloading more than 1 million barrels of oil from a stricken tanker that had sparked fears of a major environmental …
United Airlines is so committed to doing something about the carbon emissions made by its jetliners around the world that it is making a multimillion-dollar investment in a new direct-air-capture facility being built in Texas. The plant is a joint venture of Occidental Petroleum and Rusheen Capital Management, a private-equity firm according to a report …
Kimray, Inc. in Oklahoma City announced the signing of a major distribution agreement with Utah-based Profire Energy, Inc to distribute Kimray’s Electric Low Press Valve to customers in the US and Canada. Based in Lindon, Utah, Profire Energy, Inc. (“Profire”) is a technology company which designs, installs and services burner and combustion management solutions …
Just a few days after Oklahoma City-based Ascent Resources Utica Holdings, LLC announced a $300 million offering of secured notes in a money-raising move, the company announced a closing of the offering. The offering involved 8.250% senior unsecured notes due 2028 in which Ascent explained it would use the funds to pay down part …
The latest rig count from the data analytical firm Enverus in Austin, Texas showed a decline in the number of active oil and gas rigs in the past week across the nation. The conclusion—more rigs remain in storage awaiting better times. Enverus Rig Analytics reported the count fell by five to 401 as of …
A new energy report shows more states have adopted or advanced new energy-saving targets and vehicle and appliance rules but Oklahoma made no progress from a year ago. The 2020 State Energy Efficiency Scorecard released by the American Council for an Energy-Efficient Economy (ACEEE) ranked Oklahoma tied for 37th, the same position it held last …
The COVID-19 pandemic is again blamed for Mesa Royalty Trust declare no distribution to be paid from its royalty holdings in the Hugoton gas field of southwest Kansas and the oil and gas operations in New Mexico’s San Juan Basin. The Houston-based Trust, formed to own an overriding royalty interest of the net proceeds …
Phillips 66 says it will announced its fourth-quarter 2020 finance results in late January. The Houston-based company said it will hold a conference call webcast at 11 a.m. CST on Friday, Jan. 29 to discuss the results which will be released earlier in the day. The company reported a third-quarter 2020 loss of $799 …
