** West Virginia U.S. Sen. Joe Manchin, energy committee chairman and key swing vote in the narrowly divided Senate, urges President Joe Biden to reconsider his cancellation of the Keystone XL pipeline. ** Bahamas Petroleum Company will stop drilling a controversial oil well it started in December about 150 miles from the South Florida coast, after saying it did …
February 10, 2021 archive
Wind farm restrictions adopted by County Commissioners in Kansas
County Commissioners in Hutchinson, Kansas have voted to put more restrictions on wind farm developments including a 3,000-foot setback for wind turbines from homes. Reno County Commissioners also decided this week to set a mandatory 3-mile setback around state and federal wildlife properties, reported the Hutchinson News. The newspaper said no decision was made on …
Helmerich and Payne reports $70 million 1Q loss but increased rig activity
Helmerich & Payne reported a $70 million net loss or 66 cents a diluted share in the quarter that ended Dec. 31, 2020. The loss, from operating revenues of $246 million compared to a $59 million or 55-cent-a-share loss from the previous quarter that ended Sept. 30, 2020. The company said the net cash …
Two more Fortune 500 firms sign on to ALLETE’s Oklahoma wind projects
ALLETE Clean Energy says it has made two more renewable energy sale agreements with two more Fortune 500 companies to receive power from its Caddo wind site under construction in western Oklahoma. Oshkosh Corporation and Hormel Foods agreed to receive a combined 100 megawatts from the wind farm once it is operational. The …
Cushing’s crude storage declines as US amount drops
(updated) A government report on Wednesday showed crude oil storage declined slightly in the U.S. Commercial crude inventories dropped by 6.6 million barrels from the previous week according to the announcement by the Energy Information Administration. The decline included the amount of crude held in the Cushing oil hub in northern Oklahoma. The EIA said …
Metals price hike results in increased thefts of catalytic converters
The nation’s energy industry has seen a jump in—of all things—catalytic converter thefts, thanks to skyrocketing prices of the metals used in the making of the emissions controlling device on cars and trucks. Thefts tripled in Wichita, Kansas while in St. Louis, Missouri, they were eight times higher last year reported the New York Times. …
Chesapeake Energy to refocus on natural gas after bankruptcy
Once considered the second-largest U.S. natural gas producer, Chesapeake Energy attempted to gain on the shale-oil boom in recent years. But now that the Oklahoma City company has come out of Chapter 11 bankruptcy, the firm is reverting to its natural gas efforts. The company plans to focus 85% of this year’s spending on …
New Mexico educators concerned over Biden’s ban of new federal drilling
President Biden’s move to ban new drilling and leasing on federal lands now has educators in New Mexico expressing concerns because of what it will do to the availability of money for education. The leader of a state association of school administrators in New Mexico put it this way—“–we’re very concerned.” After all, as …
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