The 180,000 customers of Black Hills Energy Arkansas could see rates go up by 10% if the request by the company is granted by regulators. Black Hills filed a rate revision application with the Arkansas Public Service Commission asking for $21.6 million in new annual revenues according to a report by Nasdaq. Click here …
December 2021 archive
Rivian reportedly picked Georgia for new EV plant
If sources are correct, Fort Worth, Texas has lost the race to land electric vehicle maker Rivian with a $440 million tax incentive package. Instead, the plant will reportedly go to Georgia according to the Fort Worth Business Press. Click here for Fort Worth Business Press.
Tax credit for union-made EVs still alive
It’s far from being written in stone, but a tax credit for union-made electric vehicles is still part of the preliminary U.S. Senate Finance Committee text for Biden’s Build Back Better social spending bill. The Hill reports the inclusion came over the objections of Sen. Joe Manchin, the West Virginia Democrat whose moderate approach …
Wind power sent on new transmission line in New Mexico
A 155-mile transmission line carrying wind powered electricity from central New Mexico to Albuquerque became fully operational this month. The Western Spirit Transmission line carries wind power from 377 turbines near Encino, Corona and Durant in Guadalupe, Lincoln and Torrance counties reported the Santa Fe New Mexican.
Merger creates $4 billion oil firm in the Permian
The combination of two of EnCap Investments LP’s portfolio companies in the Permian basin leads to the creation of an oil producer worth more than $4 billion. Reuters reports the private equity firm wants to take it public as soon as next year. Click here for Reuters.
Oil company could face penalties over leaking tanks
Leaking oil tanks could lead to penalties for Prospect Energy, the Colorado company accused of air pollution north of Fort Collins. The Fort Collins Coloradoan reports Colorado’s Air Pollution Control Division is considering the action. Click here for Fort Collins Coloradoan.
Permian oil output expected to reach record levels in December
Crude oil production in the Permian Basin is expected to reach well beyond a pre-pandemic high this month. Drillers in the nation’s most prolific patch that covers West Texas and southeast New Mexico are busier than ever according to Bloomberg.
Completion reports for December 13, 2021
BLAINE COUNTY Overflow Energy Llc 1 14N 13W American Horse Swd 3, December 09, 2021 SH, COMM, TD: 5520 ft Lat: 35.72385, Long: -98.53522 API: 35011239790002 CANADIAN COUNTY Camino Natural Resources Llc Mississippi Solid(10427): Oil 95 Gas 4675 Water 3870 Flow Mississippi Lime(10329): Oil 95 Gas 4675 Water 3870 Flow 25 12N 9W Deer Creek 1209 36-1-1mxh, November 03, 2021 HH, GAS, TD: 22375 ft Lat: …
Permits to drill for December 13, 2021
Canadian County KOLAR #1H-35, December 13 2021 35 11N 6W SWSWSESW API: 01725741 Lat: 35.377830527806395, Long: -97.80860899269881 CITIZEN ENERGY III LLC HH, DR, 14000 ft, MISSISSIPPIAN(9000) Carter County HEWITT UNIT #23-5702, September 20 2021 23 4S 2W NESWSWSW API: 01926456 Lat: 34.18873191417756, Long: -97.38583209213773 XTO ENERGY INC SH, AM, 4573 ft, PONTOTOC(894), HOXBAR(2044), DEESE(3269) Hughes County JASMINE …
EIA updates crude oil production for basins
The federal government is out with a new report indicating new oil well productivity in Oklahoma’s Anadarko Basin for December averages 794 barrels of oil a day. The U.S. Energy Information Administration forecast the productivity will decline to 778 barrels of oil a day by January 2022. New gas-well production per rig in the Basin …