All of the exploration and production by such Oklahoma energy companies such as Devon Energy and Vital Energy in the Permian Basin added to turning the giant shale play into an economic powerhouse for Texas and New Mexico. The Odessa American reported an Economic Report from the Permian Strategic Partnership (PSP) highlighted the region’s …
July 2024 archive
Journalists call for government intervention to stop Permian Basin pollution
While a new economic report shows how the oil and gas production in the Permian Basin is adding billions of dollars to the ecocnomy in Texas, New Mexico and the US, two journalists want a massive cut in energy production—-all in the name of reducing methane gas emissions. They also say the government should …
Energy briefs
** The U.S. Environmental Protection Agency announced a settlement with Hi-Noon Petroleum Inc. resolving alleged Clean Water Act violations involving a gasoline discharge into Grayling Creek in Yellowstone National Park, Wyoming. The company will pay $20,000 and finish a $45,000 supplemental environmental project after the August 2022 incident. ** Offshore wind developers have sent teams to …
Musk wipes his hands of California—moving SpaceX to Texas
Another loss for California Gov. Gavin Newsome is another gain for Texas. Billionaire Elon Musk, the man who moved his Tesla manufacturing plant to Austin, announced he is moving his SpaceX headquarters and his social media company X to Texas. SpaceX was headquartered in Hawthorne, California and is being oved to its rocket launch …
Threats from angry residents are made to power crews in Houston—not so for OGE workers
Houston’s prolonged power outages following Hurricane Beryl resulted in power crews being threatened, pelted with rocks and had guns pulled on them. Police escorts are necessary for some crews, but such is not the case for the 105 Oklahoma Gas and Electric workers helping CenterPoint Energy with power restoration. The Associated Press reported the …
Oklahoma energy stocks made gains while crude prices fell Tuesday
Crude oil prices dropped in Tuesday’s trading while Oklahoma energy stocks recorded more gains than losses. West Texas Intermediate, considered the US standard, dropped $1.15 and closed at $80.76 a barrel on the New York Mercantile Exchange. The global benchmark, Brent crude, dropped $1.12 and finished at $83.73 a barrel on ICE Futures Europe. …
Alliance Resource Partners to release 2Q earnings report before end of the month
Alliance Resource Partners, L.P., the Tulsa-based company with major coal mining operations in the eastern part of the U.S. as well as oil and gas investments elsewhere, plans a release of second quarter earnings report in a few weeks. The company announced the release will be before the maraket opens on Monday, July 29. …
2Q earnings to be released by ALLETE Inc.
ALLETE Inc., the Minnesota-based company with wind farms in Oklahoma plans to release its second quarter earnings report before the stock market opens on Thursday, August 1. Its subsidiary, ALLETE Clean Energy runs the wind farms and is onee of a handful of companies owned by the parent energy company. In addition to its …
Water gathering deal announced by Energy Transfer in the Permian Basin
Energy Transfer LP and Sunoco LP announced the formation of a joint venture combining their respective crude oil and produced water gathering assets in the Permian Basin. Energy Transfer will serve as the operator of the joint venture and contribute its Permian crude oil and produced water gathering assets and operations. Sunoco will contribute …
Arkansas solar farms part of major NextEra Energy and Entergy deal
Solar farms used by Entergy Arkansas will be part of a major solar power generation deal announced recently between Entergy Corp. and NextEra Energy Resources. In the past six years, NexEra, headquartered in Florida, has made deal on four solar projects with Entergy Corp. subsidiary Entergy Arkansas LLC, reported Arkansas Business. Click here for …
