Environmentalists are unhappy after learning how the state of North Dakota used pandemic CARES Act funds to help oil companies to not only take care of some abandoned wells but to buy water to hydraulically frac some of their well drilling operations. One such company was Oklahoma City’s Continental Resources Inc. according to a …
June 7, 2021 archive
Oil prices spur more oil and gas land deals
Recently announced land deals involving Oklahoma oil and gas operators Ovintiv Inc. and Laredo Petroleum are among the growing national movement of companies and private equity firms to unload some of their assets in the U.S. oil patch. The recovery in the price of oil is behind much of the movement. It was …
Energy news in brief
** Energy Secretary Jennifer Granholm unveiled new efforts aimed at massively cutting the cost of producing hydrogen with climate-friendly processes. The “Hydrogen Shot” program will breathe life into the DOE’s goal, first announced in April, to drive the costs of clean hydrogen down from about $5 per kilogram today to $1 per kilogram by 2030. ** President …
Canoo opening Texas operations?
If California Gov. Gavin Newsome isn’t worried about possibly losing another corporation to Texas, perhaps he should be following word that EV maker Canoo is opening offices in Dallas. The Los Angeles Business Journal reported recently the company is diversifying its operations by expanding to other states. Click here for Los Angeles Business Journal …
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