Occidental Petroleum unveiled plans this week to build the first of its kind and scale in the world—a carbon capture plant in Midland, Texas. The plant is scheduled to open in 2024. Occidental is using the European company called Climeworks which intends to use large fans to suck in air, scrub the carbon and …
The protection of air quality. It’s the intent of a bill unveiled this week by some Colorado legislators and if it becomes law, it would result in even more demands on the state’s oil and gas industry. The bill would set new emissions standards for the internal combustion engines used at drilling sites according …
A recent veto by New Mexico Gov. Michelle Lujan Grisham of a bill that included tax credits for EVs and geothermal energy generation didn’t sit well with one of her own Democrats. New Mexico U.S. Sen. Martin Heinrich went public with his criticism of her actions, declaring, “New Mexico’s state Legislature took bold action …
A new Major County well with production of more than 1,300 barrels of oil a day has been reported by SandRidge Energy. The well was completed in November of 2022 but the report wasn’t filed until this week. Located at 36 20N 15W, a site about 10 miles northeast of the city of Seiling, the …
** The Bureau of Land Management (BLM) announced on Tuesday that it has approved the construction of a 732-mile high-voltage transmission line across the Western U.S. that will help transport renewable energy. The transmission line, called the TransWest Express Project, will run from south-central Wyoming through northwestern Colorado and central Utah before reaching its endpoint in southern Nevada, …
Expect an increase of 2.5% in 2023 Brent crude oil prices according to the U.S. Energy Information Administration which released its Short-Term Energy Outlook on Tuesday. The government’s prediction came after OPEC and its partner countries announced crude oil production cuts for the remainder of the year. EIA said it expects the Brent crude oil …
A nearly 2% gain was recorded Tuesday for crude oil prices while Oklahoma energy stocks were mixed. Analysts credited the oil price gain on hopes the Federal Reserve might ease its rate hikes. Some analysts think investors were more optimistic the Fed might bring an end to its rate hikes. West Texas Intermediate crude went …
After an historic year in earnings in 2022, Devon Energy will release plans to release its first-quarter 2023 financial results Monday, May 8. The Oklahoma City-company said the release will be made after the close of U.S. financial markets and leadership will hold a conference call the next day, Tuesday, May 9 at 10 …
Love’s, the nationwide travel-stop company headquartered in Oklahoma City, announced plans to open 25 new stops and 15 Love’s Truck Care and Speedco locations in 2023. The company plans to add 75 new service bays and increase its mobile maintenance fleet by 75 vehicles, explaining it will not only provide emergency roadside assistance …
Oklahoma City-based Gulfport Energy plans to hold its annual shareholders meeting May 24 at its headquarters. The in-person meeting will begin at 9 a.m. at the headquarters, 713 Market Drive. The agenda calls for the election of seven directors to serve for the next year as well as the ratification of the appointment …
