Key Energy reported Tuesday that despite the impacts of the winter storm Uri, its first quarter 2021 consolidated revenue increased nearly 11% over the fourth quarter of 2020. The Houston company, with operations throughout Oklahoma said its first quarter revenue increased $5.2 million and reached $52.4 million compared to the $47.2 million in revenue reported …
June 2021 archive
Market update to come from ConocoPhillips
ConocoPhillips announced Tuesday it will host a virtual market update on Wednesday, June 30 beginning at 9:00 a.m. Central time. The meeting will feature presentations by ConocoPhillips executives, including Chairman and Chief Executive Officer Ryan Lance. A live webcast of the meeting will be made available on the ConocoPhillips Investor Relations website, www.conocophillips.com/investor. The event …
Texas heat wave hits power grid
The heat wave hasn’t hit Oklahoma as hard as it has Texas where the state’s power grid operator is asking consumers to conserve electricity. The state’s facing a record-setting demand and after 11,000 megawatts of generation was removed for repairs, it’s become a challenge. Some parts of Texas have hit 100 degrees and it …
Oklahoma’s solar expansion improves
Oklahoma’s national ranking for installed solar capacity saw a slight improvement in the first part of 2021 according to a quarterly report this week from the Solar Energy Industries Association. Oklahoma ranked 36th nationally for its solar installations, up from 40 in the first quarter of 2020 and markedly better than the 47th ranking …
Major saltwater spill hits farmer’s wheatfield
A farmer’s wheatfield in far western North Dakota was hit with an 1,800 barrel saltwater spill in recent days. The spill involved 75,600 gallons of fluid according to Goodnight Midstream. The Bismarck Tribune says the land is likely to be permanently lost to farming because of the saltwater. Click here for Bismarck Tribune.
Residents say a Nebraska ethanol plant is an environmental disaster
Complaints are growing of reported health problems while Nebraska officials attempt to close an ethanol plant that makes fuel from seeds treated with pesticides. The plant near Mead, Nebraska is owned by AltEn and has become an environmental disaster according to residents who live nearby. While most ethanol is produced using …
Evergy’s solar plans raise doubts and questions
Evergy, the largest electric company in Kansas recently unveiled plans to make big investments in solar energy over the next three years but the debate is growing. Environmentalists complain it’s not fast enough to suit them while others fear Evergy’s plans will make electricity more costly and less reliable reported the Associated Press. Click …
Energy news in brief
** Flames engulfed a chemical plant in Northern Illinois on Monday, forcing the evacuation of neighbors, sending massive plumes of smoke into the sky and threatening an “environmental nightmare,” authorities said. ** The Supreme Court deals a blow to the oil industry by refusing to hear a climate case pitting California cities against fossil fuel companies. ** The future of Ohio’s …
Fossil fuel industry pushes to loosen safety rules in Louisiana
Efforts are growing in Louisiana by oil and gas companies to urge state authorities to ease reporting requirements for pipeline leaks. A recent review of fines and penalties levied by state police, the agency that oversees pipeline safety in Louisiana showed at the same time there was lax enforcement existing in the state. Click …
Completion reports for June 14, 2021
CADDO COUNTY Excalibur Resources Llc Marchand(9999): Oil 4.64 Water 2 Flow 20 11N 12W Ruckman 1-20, April 30, 2021 SH, OIL, TD: 13990 ft Lat: 35.40806, Long: -98.49825 API: 35015226220001 CREEK COUNTY Luke Oil Company Dutcher (atoka): Oil 25 Water 200 Swabbin G 23 16N 8E Deere 3a, November 20, 2019 SH, OIL, TD: 3850 ft Lat: 35.85269, Long: -96.42511 API: 35037294050000 HUGHES COUNTY Trinity …