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. …
Category: Oil & Gas
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 …
Senator says Trump administration’s cancellation of $5 billion Grain Belt loan was “illegal”
One New Mexico U.S. Senator complains the President’s recent cancellation of a nearly $5 billion loan for the Grain Belt Express power-line project from Kansas to Illinois was illegal. Sen. Martin Heinrich also contends the Energy Department’s move to call off the $4.9 billion loan to Invenergy will only erode the private sector’s already …
Lower oil prices haven’t affected Oklahoma’s rig counts so far
The latest Baker Hughes rig count showed Oklahoma’s drilling activity is seeing no sign of weakening or declining, despite the drop in crude oil prices. Oklahoma’s count of 43 was unchanged from a week earlier and the figures showed the strongest drilling activity remains in the Granite Wash of the western region of the …
Transmission line fought by some in central Texas
Another fight is underway against a proposed large electrical transmission line. The battle is waged in central Texas where residents near the tourist mecca of Salado, a small town filled with attractions and restaurants along I-35. The residents don’t want a 200-mile 765 kv transmission line carrying power to the Permian Basin. The line …
Next step made in proposed $13 billion AI center in Amarillo
The company that joined forces with Texas Tech University to build a $13 billion nuclear development of what could become of the largest AI complexes in the world at Amarillo has named two veteran nuclear industry executives to lead the project. Fermi America announced recently the naming of Mesut Uzman as chief nuclear officer and …