Author's posts
Anti-Frackers aren’t Eager to Support Trump for his Stance on Voter Control
What Donald Trump says about energy gets the attention, pro or con from oil and gas people in Oklahoma, Texas and other fossil-fuel producing states, especially if it concerns fracking. His recent comments about supporting voters who want to control fracking caught the attention of the Dallas Observer and reporter Christian McPhate. He reached out …
Chevron Reaches Agreement Over Cleanup of Old Mine at Red River, NM
The government’s apparently reached a settlement over the cleanup of the massive mining operation that became a Superfund site west of Red River, New Mexico. The U.S. Department of Justice and the State of New Mexico filed a proposed $143 million settlement with Chevron Mining Inc. over the next step in the cleanup of Chevron’s …
New Bankruptcy Update Out from Texas Law Firm
The Texas law firm known for its handling of bankruptcies is out with its latest report on the cases. Haynes and Boone released its Oil Patch Bankruptcy Monitor this month showing 90 E&P companies filed for Chapter 11 protection since the beginning of 2015. Forty-four of them were Texas companies and the total defaulted debt …
Halliburton Hit With Another Pollution Lawsuit by Duncan Residents
Another lawsuit has been filed by Duncan residents alleging Halliburton Energy Services polluted their property through an old missile and rocket fuel removal, disposal and open burning operation years ago. More than 100 residents filed suit this week in Oklahoma City federal court (CV-00910-M) claiming the operation left their property damaged. Another suit against Halliburton …
Massachusetts AG Tackles Exxon Over Climate Change Fight
The Climate Change war between Exxon Mobil Corp. and Massachusetts Attorney General Maura Healey heated up this week in a Texas federal court where Healey asked a judge to throw out Exxon’s lawsuit. Healey contends the suit is a “transparent attempt at forum shopping” in the company’s fight against her climate change investigation. She …
STACK Draws Attention From More Texas Energy Producers
Two more Texas energy firms think Oklahoma’s STACK is such a hot prospect, they’ve formed a joint venture to begin exploration there. Houston-based midstream companies Plains All American Pipeline LP and Phillips 66 Partners LP have joined forces, with Phillips 66 Partners kicking in $50 million in cash for its 50 percent interest in the …
Denver Energy Firm Makes $980 Million Purchase in Midland Basin
More property in west Texas is exchanging hands among energy companies as Denver-based SM Energy announced this week its purchase of 46,750 net acres in the Midland Basin. The company said the $980 million purchase includes nearly 4,900 BOEPD of production, two new wells coming online this month and 6 MMBOE of PDP reserves from …
Arkansas Oklahoma Gas Corporation Sold
The dollar amount wasn’t disclosed but Summit Utilities, a privately held holding company is becoming the new owner of the Arkansas Oklahoma Gas Corporation. Summit operates natural gas distribution subsidiaries in Colorado, Missouri and Maine and will soon take over the serving of nearly 60,000 natural gas utility customers in Oklahoma and Arkansas, according to …
Tulsa Firm One of Buyers of Newfield Energy’s Texas Holdings
More details are coming out about Newfield Exploration Company’s decision to unload all of its Texas assets so it can focus strongly on Oklahoma’s rich STACK play. Turns out one of the buyers of Newfield’s unconventional assets in the Eagle Ford Shale is Tulsa-based Protégé Energy, a firm founded just 12 years ago by former …
Counting Underway on Two Anti-Fracking Petitions in Colorado
Opponents of fracking in Colorado have submitted two anti-fracking amendments to state officials, promising they raised at least 100,000 signatures to get them on the November ballot. Each must have 98,492 valid signatures and Lauren Petrie, Rocky Mountain director of the green group Food and Water Watch says they have them. “This is a significant …