Oklahoma City’s Devon Energy is one of 10 oil and gas companies being queried by House Committee Democrats about data on leaks of methane. Even as she is soon to be gone as chairwoman of the House, Space, Science and Technology Committee, the same one where Oklahoma congressman Frank Lucas is the Ranking Republican, …
December 2021 archive
Government to spend millions improving streets to transport radioactive waste
Millions of dollars are going to improve streets and highways around the Los Alamos National Laboratory as the government prepares to transport nuclear waste to a Southern New Mexico underground disposal site. The Santa Fe New Mexican reports about $16 million will be spent beginning in the spring so transuranic waste including contaminated gloves, …
Texas regulators cut power price cap following February storm
Public regulators in Texas have taken steps to avoid a repeat of the state’s energy emergency caused by last February’s Winter Storm Uri. The Public Utility Commission approved a move cutting the wholesale electricity price cap from $9,000 per megawatt hour to $5,000 reported Reuters. Click here for Reuters.
BayoTech anticipates ‘hydrogen hub’ in Albuquerque as first of many
Drivers of hydrogen-powered vehicles will soon be able to pull up and fill up with hydrogen at a station in Albuquerque, New Mexico. BayoTech is building its first ‘hydrogen hub” station that will be the first hub on New Mexico Gas Company property in the city reported the Santa Fe New Mexican. Click here …
Study claims smaller independent producers lead Permian Basin growth
A new study of the oil and gas drilling activity in the Permian Basin shows smaller and independent producers are leading the growth in the region in the past few years. The Carlsbad Current-Argus reports the Institute for Energy Economics and Financial Analysis reported in a recent study that independent oil and gas producers were leading …
Indigenous leaders pledge to oppose new Enbridge developments
Native American groups come out with a pledge to fight to preserve their sacred sites that might be in the path of the Canadian oil company Enbridge and its plans to increase capacity on the pipeline system that connects the crude-oil storage hub in Oklahoma to the Texas Gulf Coast. Expansion was announced in …
Energy Transfer and Enable Midstream Announce Merger Completion
Dallas-based Energy Transfer LP and Oklahoma City-based Enable Midstream Partners, LP announced the completion of their merger. The terms of agreement were approved earlier this year by Enable’s two largest unitholders, CenterPoint Energy, Inc. and OGE Energy Corp., which together owned approximately 79% of Enable’s outstanding common units. Effective with the opening of the market …
Chesapeake Energy Corporation announces $1 billion common stock And warrant repurchase authorization
Chesapeake Energy Corporation announced that its Board of Directors has authorized the repurchase of up to $1 billion in aggregate value of its common stock and/or warrants from time to time. The repurchase authorization permits Chesapeake to make repurchases on a discretionary basis as determined by management, subject to market conditions, applicable legal requirements, available …
Nation’s rig activity is growing
The latest U.S. rig report from Enverus Rig Analytics based in Austin, Texas, showed an increase of six in the past week to 670 as of Dec. 1. That’s an increase of 3% in the last month and 70% from a year ago. There were no significant changes in major plays in the last …
Energy Transfer heads to North Dakota Supreme Court
Dakota Access Pipeline developer Energy Transfer is headed to the North Dakota Supreme Court in a fight over thousands of documents about the company that handled security at the time of the construction of the controversial line. The Associated Press reports the case grew out of a lawsuit filed by Energy Transfer and its …