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CenterPoint Energy begins exit of Midstream following Energy Transfer’s completed acquisition of Enable Midstream Partners
CenterPoint Energy, Inc. in Houston announced it is taking steps to reduce the company’s midstream exposure following the completion of Enable Midstream Partners, LP’s merger with Energy Transfer LP. CenterPoint’s 53.7% of Enable common units converted into 201 million ET common units. The settlement of CenterPoint’s previously announced contingent forward sale for 50 million …
Oil refiners to face expanded biofuels mandates?
The Biden Administration’s EPA could announce this week an expansion of the kinds of renewable fuel production processes eligible to get credits under the U.S. Renewable Fuel Standard program. Reuters reports the highly anticipated proposal will also mandate the amount of biofuels that oil refiners will have to blend into their fuel mix. …
Crude oil lingers under $70 a barrel
Oil prices closed under $70 a barrel in Friday’s trading as both Brent and West Texas Intermediate crude declined for the week for a sixth straight week. WTI ended 24 cents lower or 0.4% at $66.26 a barrel in trading on the New York Mercantile Exchange. Global benchmark Brent crude managed a 21 cent …
Dems target Devon and others about methane emissions
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, …
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 …