The owners of the Four Corners Generation Station in New Mexico announced they intend to begin limiting operations in 2023. The coal-powered station will shut down one of its two generators for seven months each year starting in the fall of 2023 reported the Associated Press. Click here for AP story.
Iowa appears to be closer to a possible law stopping cities and counties from regulating the sale of natural gas and propane and banning it. The Energy News Network reported the sponsor of the bill, Republican Sen. Jascon Schultz believes it will make it to the governor after it received support in committees in …
In a move to protect its water wells, the city of Carlsbad, New Mexico has adopted an ordinance requiring petroleum companies that want to drill near the wells to get the city’s permission. The Carlsbad City Council last week approved a change to its Wellhead and Water Facilities Protection Ordinance reported the Carlsbad Current …
Oklahoma’s struggling oil and gas rig numbers declined in the past week, following what happened nationally when the industry put fewer rigs into the field. The nation’s count declined by one in the past week to 402 and Oklahoma’s numbers fell by one, leaving only 16 working rigs exploring for oil and gas. The …
North Dakota officials blame 90-mile an hour winds in January for causing a nearly 4% drop in the state’s January oil production. The Bismarck Tribune reported power outages in parts of the Bakken led to oil production of 1.147 million barrels which was 4% lower than December oil production. “We had a day of …
While U.S. drillers cut back their rigs in the past week, crude oil prices settled just under $70 a barrel on Friday. West Texas Intermediate crude ended the week flat after prices hit a 13-month high on Monday. The benchmark U.S. crude oil for April delivery dropped 41 cents to $65.61 on Friday. …
New Mexico Democratic Rep. Deb Haaland’s nomination to be Interior Secretary in the Biden administration will receive a final Senate vote Monday afternoon. She will likely win the Senate support after a procedural vote to advance the nomination received the support of four Republicans but not Oklahoma Sens. Inhofe and Lankford. Sen. Jim Inhofe, …
An OU history professor offers a take on the fight by the U.S. oil and gas industry against being eliminated by the Biden administration—a fight that involves some major companies in Oklahoma. The Associated Press reported that Biden’s election put big oil companies on the defensive after largely having their way in Washington under President …
Several things were at play Thursday as oil prices rose more than 2% in trading. There was the the factor of a weaker dollar along with expectations that a crude oil glut might not exist for long following a steep drop in U.S. fuel stocks along with Texas refineries resuming operations after the February …
Devon Energy announced its wholly-owned subsidiary WPX Energy has made an early redemption of $700 million in senior notes. The redemption covers a 2014 indenture WPX had made with the Bank of New York Mellon Trust Company. It included $210 million of 5.250% senior notes due in 2027; $175 million in 5.875% senior notes due …
