The company building the proposed Grain Belt Express Clean Line Project to carry western Kansas wind-powered electricity to Illinois and Indiana is hoping its latest move will attract more support. Invenergy has launched an initiative to include an expansion of rural broadband service in northern Missouri. Invenergy said it would include broadband infrastructure along the …
Peak production of some of the major shale fields in the U.S. might be only a few years away, predicts shale pioneer John Hess. Speaking recently at the Argus Americas Crude Summit in Houston, Hess, CEO of Hess Corporation said he believes peak production in the Bakken might only be two years away. He said …
Completion reports filed for February 6, 2020. CADDO COUNTY Citation Oil & Gas Corporation 35 6N 10W West Cement Unit 9-22, February 07, 2019 SH, INJ, TD: 3810 ft Lat: 34.94925, Long: -98.21909 API: 35015232580000 CANADIAN COUNTY Travis Peak Resources Llc Mississippian(8914): Oil 760 Gas 2908 Water 344 Flow 35 12N 6W Stejskal 1h-35, August 25, 2018 HH, OIL, TD: 13453 ft …
The oil and gas slowdown hits Oklahoma’s jobless rates as most counties saw increased numbers of unemployed in December 2019. The Oklahoma Employment Security Commission says rates were higher in 53 counties, lower in 13 counties and unchanged in eleven others compared to December 2018. Latimer County in the southeast had the highest December rate …
** Duke Energy Corp. says its two Carolinas utilities spent about $622 million on cleaning up their coal-ash operations from Oct. 1, 2018, to Sept. 30, 2019, with about $200 million going to North Carolina contractors. ** North Dakota’s largest coal plant “has operated at a significant financial loss,” but the owner says there are no plans to shut …
Oklahoma City-based Panhandle Oil and Gas says revenue from its oil and natural gas production in the first quarter dropped 38%, leading to net income of $12.7 million. The income resulted in 75 cents for each company share on total revenue of $26.3 million. Earnings before interest, taxes, depreciation and amortization fell from $14.5 million …
A new report by an environmental group claims ten refineries, most along the Gulf Coast are emitting benzene at high levels that are not illegal, but should require more pollution controls. One of the ten is a Holly-owned Permian Basin refinery in New Mexico, the same company with a refinery in Tulsa, Oklahoma. The Environmental …
The wind industry is one of the strongest supported renewable energy industries in the U.S. but there’s one matter that is a challenge to the industry. What to do with old wind blades that are no longer usable and to find a way to recycle them. As Bloomberg News reported this week, an estimated 8,000 …
Times are growing tougher for hydraulic fracturing servicing companies such as Denver-based Liberty Oilfield Services company, a firm that reported an 8% drop in revenue at the end of 2019. Revenue for the company went from $2.2 billion in 2018 to $2 billion last year. Net income plunged from $249 for the year ended Dec. …
Tulsa-based NGL Energy Partners LP reported a drop in income from its operations for the quarter ending Dec. 31, 2019. Earnings were $49.1 million compared to the $97.2 million in earnings a year earlier. But the company also managed to turn around losses reported in 2018. The company stated that its income from continuing operations …
