The number of drilling permits issued by the Railroad Commission of Texas in the month of January totaled 512, less than half of the 1,156 permits issued in January 2020. The Commission released figures showing the January 2021 total includes 446 permits to drill new oil or gas wells, two to re-enter plugged well …
Nearly two months after it announced the sale of its NorthPark Basin assets in Colorado, SandRidge Energy said the deal was finalized this week. The company divested its holdings in a $47 million cash deal that was effective Oct. 1, 2020. The buyer was not disclosed at the time of the original announcement and …
Environmental groups and Democrats in the Texas legislature are pushing a bill to create a tax on gas that is vented or flared during production. The bill by Austin Democratic Rep. Vikki Goodwin would put a 25% levy on the produced gas. “—for oil producers, they see it as a waste product. Rather than …
This is the week that Oklahoma City’s Chesapeake Energy will formally emerge from the Chapter 11 bankruptcy it filed last June and the company has made it clear it intends to be a different operation. Under a presentation for investors, the company boldly stated in a topic headline, “Chesapeake’s Path to Emergence is Clear.” …
Oklahoma regulators have asked some oil and gas well operators in northern Oklahoma to cease operations following a 4.2 magnitude earthquake that struck near Covington in Garfield County. The Corporation Commission’s Induced Seismicity Department directed the operators to take the action. No injuries or damage were reported from the 4.2 magnitude quake reported Mike …
**Canada’s second-biggest oil company, Suncor Energy Inc, said on Thursday it had started a third-party safety review, after three contract workers died in two separate mining accidents. ** A judge says U.S officials downplayed climate change impacts and other environmental costs from the expansion of a massive coal mine near the Montana-Wyoming border, in a case …
“Come and take it” challenged Texas Rep. Chip Roy in a Friday speech on the House floor as he attacked Democrats and the Biden administration over their war against the oil and natural gas industry. The Republican Congressman accused Democrats of attacking the natural resources that are “the very great strength that the United …
National Oilwell Varco reported a drop in its fourth quarter 2020 revenues, falling four percent from the previous quarter and 42% from a year earlier. The Houston-based company said its fourth quarter revenues were $1.33 billion and the net loss was $347 million or 26.1% of sales. Its adjusted EBITDA fell $54 million to …
New Mexico Republican Congresswoman Yvette Herrell is fighting Biden’s ban on new federal oil and gas land leases with a bill to exempt her state from the moratorium. Rep. Herrell announced she was introducing the Protecting New Mexico’s Jobs and Public Education System Act blocking the current order from affecting her home state. She argued New …
The state of Wyoming is considering a legislative bill to charge driver’s for every mile they travel in the state. It’s in response to the growth of electric vehicles which don’t pay gasoline taxes whose revenue is used to help for highway maintenance. USA Today reported House Bill HB0037 will put a per mile …
