Oklahoma’s Devon Energy and Continental Resources Inc. are two of the three major oil industry players who intend to drill more wells in Wyoming’s Powder River Basin. Together with Colorado-based Anschutz Exploration, they intend to drill at least 63 wells in Converse County in 2021. Devon Energy announced in April it will drive 18 …
May 21, 2021 archive
Energy news in brief
** Ford plans to temporarily shut eight factories due to a global shortage of semiconductor chips, according to an internal memo viewed by CNBC. The automaker told CNBC that it plans to cut production due to the chip shortage, including its Ford Mustang, Bronco Sport SUV, and F-150 pickup models. ** Montana Gov. Greg Gianforte vetoes a bill …
Shareholders nix Halliburton’s executive compensation plan
Sometimes shareholders of oil and gas companies put their feet down such as what Halliburton Co’s shareholders did this week by voting down the company leadership’s executive compensation plan. Halliburton Chief Executive Officer Jeff Miller said the company was “disappointed by the shareholder advisory vote” and that it had led its peers in shareholder …
How some oil and gas firms came to love Bitcoin mining
Flaring. Oil and Gas. Bitcoin mining. They all combine for a new kind of mining that helps some oil and gas firms reduce the amount of their controversial flaring and at the same time, provide jobs and warmth in the northern climates of the U.S. It’s become something of a fascinating development recently explored …
Williams and Transco get 2-year FERC extension
Federal energy regulators approved a two-year extension for Tulsa-based Williams Companies and its Transcontinental Gas Pipe Line Company, LLC to finish and make operational its $1 billion expansion of the line’s infrastructure. The Federal Energy Regulatory Commission issued the approval despite opposition of the extension of the 10,000 mile interstate transmission system that transports …
Texas’s Oil and Gas industry defends its billions in subsidies against a green energy push
The legislature in Texas is in the midst of a great debate over subsidies for energy—those for oil and gas and those for the renewables such as wind and solar. The oil and gas industry has received subsidies for decades and now some of its leaders are making the claim that wind and solar …
200 electric car charging ports to be installed across Austin
Austin, Texas is expanding the number of electric car charging ports to accommodate the growing number of EV drivers in the city. The city announced more than 200 charging ports will be installed to help the city meet its goal of becoming carbon neutral. KVUE TV reported that by the end of 2022, nearly …
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