After Sen. James Lankford and other Republicans on the Senate Energy and Natural Resources Committee forced a tie vote on the nomination of Tracy Stone-Manning to head the Bureau of Land Management, the full Senate barely agreed to the procedural move to advance her nomination. It was a 50-49 vote Tuesday with Lankford and …
July 2021 archive
Dividend declared by Williams
Williams’ board of directors has approved a regular dividend of $0.41 per share, or $1.64 annualized, on the company’s common stock, payable on Sept. 27, 2021, to holders of record at the close of business on Sept. 10, 2021. The dividend is consistent with the second-quarter 2021 dividend and is a 2.5% increase from …
Ovintiv reduces debt and increases dividend in 2Q report
Ovintiv released its second quarter 2021 earnings report showing $750 million in cash generated from operating activities, a more than $1 billion reduction in debt and a 50% increase in its quarterly dividend payment. “Our track record of free cash flow generation continued in the second quarter with another $350 million of free cash, bringing us …
9th Texas wind farm run by Duke Energy subsidiary comes online
Duke Energy Sustainable Solutions recently brought its 9th Texas wind farm online providing electrical power for T-Mobile and its cellular operations. The 182 megawatt Maryneal Windpower project is located in Nolan County near Sweetwater, Texas and west of Abilene reported Wind Power Engineering Development. Click here for WPED story.
Energy news in brief
** In a major step against climate change, President Joe Biden is proposing a return to aggressive Obama-era vehicle mileage standards over five years. He’s then aiming for even tougher anti-pollution rules after that to forcefully reduce greenhouse gas emissions and nudge 40% of U.S. drivers into electric vehicles by decade’s end. ** A lawsuit led by …
Anschutz Corporation moves ahead with major Wyoming wind farm
Colorado-based oil giant Anschutz Corporation is building a 732-mile direct current transmission line to carry power from its proposed Wyoming wind facility to California power users. TransWest Express LLC announced this month it had obtained nearly all of the necessary permits, permissions and partnership needed to begin seeking customers for the high voltage power line …
2 dead, 30 injured in chemical leak at Texas plant
An investigation is underway into the acetic acid leak that left two dead and 30 more injured at a chemical plant about 25 miles east of Houston. An estimated five tons of acid leaked at the LyondellBasell in La Porte, Texas around 7:35 Tuesday night. Of the 30 injured, one person reportedly suffered serious …
Haaland defies federal judge’s ruling on oil and gas leases
Interior Secretary Deb Haaland had some explaining to do this week when she went before Oklahoma U.S. Sen. James Lankford and others on the Senate Energy and Natural Resources Committee and she didn’t do a very good job of it. It was revealed during the hearing that Haaland has failed to follow the ruling …
Oil and gas firms continue their exploration in Oklahoma
Oil and gas firms are planning more drilling in Oklahoma’s STACK as well as the southern and eastern parts of the state. Drilling permits were issued this week to Black Mesa Energy LLC which will drill the JEWELL 13-12-1S-3W #SXH1, which is northeast of Ratliff City in Carter County. The legal description is 13 1S …
More calls for Biden to act on monuments
Interior Secretary Deb Haaland and President Biden were urged this week by editorial boards of two national newspapers to set aside more U.S. lands for wilderness. The Denver Post and the Chicago Sun Times are calling on President Biden and Interior Secretary Deb Haaland to be more aggressive than their predecessors when it comes to conservation. Click here for …