** The proposed Constitution pipeline that would carry natural gas from Pennsylvania to New York would not help lower energy prices in New England, despite claims made by U.S. EPA Administrator Lee Zeldin in a recent opinion piece. ** Houston-based oilfield services company Baker Hughes sees its income rise amid falling prices and slowed drilling …
Category: Oil & Gas
State regulators focus on new law conflicting with current rules
Oklahoma Corporation Commissioners admit they held another non-public meeting last week to discuss several related issues about the plugging of nonproducing natural gas wells as well as carbon sequestration wells. But the closed meeting also revealed another potential constitutional issue for the regulators because of a new state law passed in the recent legislative …
New Mexico water board approves plan for more oil and gas wastewater use
(Danielle Prokop / Source NM) A New Mexico regulatory board recently turned aside voiced opposition to a plan to allow more use of oil and gas wastewater. Opponents argued before the Water Quality Control Commission for nearly three hours, contending the proposed expansion of wastewater use would lead to contamination of the state’s limited …
Warning labels are now required on gas stoves sold in Colorado
Environmentalists in Colorado are so anti-natural gas that the state has become the first in the nation to require health warning labels on gas stoves sold in the state. And it’s led to a lawsuit by manufacturers who challenged the law when it went into effect earlier in the month. They are asking …
Manure-to-gas company, files for Chapter 11 bankruptcy
The company that turned cow manure (poop) into natural gas discovered it’s not as profitable as it expected. NLC Energy, a company that owns and operates renewable natural gas facilities that convert manure and other organic waste has filed Chapter 11 bankruptcy. NLC Energy Denmark LLC filed in the Eastern District of Wisconsin. …
Oklahoma Relaunches Drive EV Initiative
The Association of Central Oklahoma Governments and the Indian Nations Council of Governments announced the relaunch of Drive EV Oklahoma, a statewide initiative to promote electric vehicle adoption that prioritizes cleaner air, better health, and lower transportation costs for Oklahomans. Drive EV Oklahoma, formerly the Oklahoma Electric Vehicle Coalition, brings together a diverse alliance …
Crude oil prices fell as talks grow closer for possible peace in Ukraine
As leaders in Russia, Ukraine and the U.S. come closer to a possible meeting to end the fighting in Ukraine, one thing is certain…traders are growing optimistic a deal will be reached and tough sanctions on Russian crude oil won’t have to be implemented. It led to a fall of about $1 a barrel …
Oklahoma regulators to deal with sticky PSO financial issue
Oklahoma Corporation Commissioners will hold a meeting Wednesday afternoon and at least one complicated issue could be resolved concerning Public Service Company of Oklahoma. At hand is PSO’s request concerning a Net Operating Loss Carry Forward request. The NOLC pertains to the utility’s request which involves when a business’es expenses exceed its income …
Energy briefs
** U.S. liquefied natural gas exports have reached record levels, driven by strong demand from both domestic industrial consumers and European buyers. Despite increasing natural gas production, the growth of U.S. LNG exports is threatened by insufficient pipeline capacity to transport gas to liquefaction facilities reports OilPrice.com. ** Colorado has become the first state to …
Empire Petroleum announces extension of previously announced rights offering
Empire Petroleum Corporation, an oil and gas company with current producing assets in New Mexico, North Dakota, Montana, Texas, and Louisiana, announced that it has extended the expiration date of its previously announced subscription rights offering pursuant to which it intends to raise gross proceeds of up to approximately $5.0 million, including $2.5 …