In order to meet the growing demand for electrical power because of increased new data centers in Colorado, one electric cooperative built a new gas plant in 20 months in the northeast part of the state. The 162 MW Mountain Peak Power Plant, located about 35 miles northeast of Denver, was built by electric …
Category: Oil & Gas
Energy briefs
** In a huge win for public health and the environment, a U.S. District Judge has ordered Chemours Chemical Company to immediately suspend the discharge of dangerous “forever chemicals” into the Ohio River from its facility near Parkersburg, West Virginia. ** California is leading the resistance against President Donald Trump’s deregulation agenda with new rules that will force companies …
New sanctions on Iranian oil sent crude prices up 1% on Tuesday
New U.S. sanctions against Iran’s oil revenue stream resulted in a 1% gain for crude oil prices on Tuesday. As reported by Reuters, the U.S. Treasury Department on Tuesday sanctioned a network of shipping companies and vessels led by an Iraqi-Kittitian businessman for smuggling Iranian oil disguised as Iraqi oil. The move resulted in …
Oil and Gas leader educates students about the real impact of oil and gas
Classroom teachers who tell their students that the oil and gas industry is bad and harmful got a wakeup call recently from the President of the New Mexico Oil and Gas Association. Writing in the Santa Fe New Mexican, Missi Currier, president and CEO of the Association explained there are some aspects that …
Energy briefs
** The Trump administration’s order to stop construction of the nearly completed Revolution Wind project is putting hundreds of offshore workers out of a job — including dozens of local fishermen who voted for President Donald Trump and are asking him to reverse course. ** The Department of the Interior is moving forward with three competitive …
Ten counties in the Permian Basin account for 93% of U.S. oil production growth since 2020
An interesting fact about the nation’s oil production…93% of it comes from just 10 counties in west Texas and southeast New Mexico. Those 10 counties are in the shale oil rich Permian Basin, a zone where several Oklahoma oil and gas companies are active in production and transportation. The 10-county report comes …
One oil play’s loss in the state is another’s gain
The most recent rig count released by Baker Hughes revealed how one oil play in Oklahoma experienced a decline in numbers, another state play saw a gain. Based on the Baker Hughes Rig Count, the Granite Wash fell by 16 rigs to 14 rigs. But, the Cana Woodford saw a growth of 2 rigs …
Oil prices dropped on Friday
Friday saw a drop in crude oil prices and those for natural gas. Traders expected weaker demand in the states while OPEC and its allies are planning a big increase in supply this fall. OPEC+ members will meet this week. Global benchmark Brent crude futures for October delivery expired on Friday and closed …
Helmerich and Payne to be active in coming conferences
Helmerich & Payne Company executives will be busy this month in taking part in investor conferences. The leaders include John Lindsay, President and Chief Executive Officer; Kevin Vann, Senior Vice President and Chief Financial Officer; and Todd Scruggs, Vice President of Finance & Treasury. They plan to participate in several investor conferences during …
Wynnewood Refinery gets EPA relief from blended fuels production requirements
CVR Energy, Inc. operator of the Wynnewood refinery in southern Oklahoma says it’s been granted hardship relief under its obligations under the Renewable Fuel Standard, as recently announced by the Environmental Protection Agency. The Renewable Fuel Standard (RFS) is an American federal program that requires transportation fuel sold in the United States to contain a minimum …