Plans to allow more storage in New Mexico of spent nuclear fuel from commercial power plants across the U.S. are now being fought by oil and gas operators in the the Permian Basin, the most active oilfield in the nation. The government’s already approved a license for an interim storage project in West Texas …
March 14, 2022 archive
Earthquakes still get the attention of SandRidge Energy
Oklahoma City-based SandRidge Energy has cautioned its investors that further restrictions by regulators in Oklahoma and Kansas due to seismic activity in the past several years could still affect the company’s operations. In its recent fourth quarter earnings report, the company took note of how regulators in both states took steps beginning in 2016 …
Improved 4Q and full year financial results for Blueknight Energy
Blueknight Energy reported increases in its fourth quarter and full year earnings on top of increased asphalt sales. The company recently revealed it had fourth quarter 2021 income of $8.9 million from continuing operations which was 6% more than the $8.4 million reported a year earlier. The company’s adjusted EBITDA was $13.9 million, better …
Williams expands holdings in the Haynesville Basin
Williams announced its nearly $1 billion acquisition of the Haynesville gathering and processing assets of Trace Midstream on Monday. Trace is a portfolio company of Quantum Energy Partners and is being acquired in a transaction valued at $950 million. The acquisition will allow for an expansion of Williams’ existing footprint in the Haynesville, considered …
Mammoth Energy slams Puerto Rico’s attempted bankruptcy move
Oklahoma City-based Mammoth Energy Services is having nothing of efforts by Puerto Rico’s governor to end a more than $8 billion bankruptcy agreement to allow its Power Authority to come out of bankruptcy. As of the end of February, Mammoth, through its subsidiary Cobra was still owed $344 million including $117 million in interest …
Republicans want probe over possible Russian funding of environmental groups
Oklahoma Congressman Markwayne Mullin is among Republicans on a House committee who want certain environmental groups to reveal their ties to a group that was reportedly used by Russia’s Vladimir Putin to affect US energy production. He and others on the House Energy and Commerce Committee sent a letter to the Sierra Club, the League of …
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