It will cost a Wyoming pipeline company $2 million to settle a civil lawsuit with the U.S. and the State of Montana over a 2015 pipeline spill into the Yellowstone River. Bridger Pipeline, LLC reached the agreement reported KULR TV in Montana. Click here for KULR TV
Category: Oil & Gas
Big Tech critic confirmed by Senate
This week’s U.S. Senate confirmation of big tech critic Jonathan Kanter to head the Justice Department’s antitrust division came without the support of Oklahoma Sen. James Lankford. He voted against Kanter’s confirmation while Sen. Jim Inhofe did not vote in the 68-29 move by the Senate. Kanter is an antitrust lawyer known for his …
Energy news headlines for Friday
** Environmentalists are fuming after the Department of the Interior auctioned leases to drill for oil in an 80-million-acre section of the Gulf of Mexico on Wednesday morning. The Bureau of Ocean Energy Management sold 308 tracts covering 1.7 million acres to fossil fuel giants such as Chevron and ExxonMobil. ** U.S. oil majors Exxon Mobil Corp and Chevron Corp were …
New natural gas pipeline opens in Permian
The Double E natural gas pipeline owned largely by Summit Midstream Partners LP has gone operational in New Mexico and Texas. With a 70% equity interest in the $450 million joint venture, Summit said the 135-mile line will transport about 1.35 billion cubic feet a day of gas from southeast New Mexico and west …
Crude oil prices took a hit in Wednesday’s trading
Major drops in crude oil prices were recorded Wednesday as they fell to their lowest since October and Oklahoma energy stocks suffered as well. It’s a sign of growing worries after OPEC and the International Energy Agency warned this week of a forthcoming oversupply. COVID-19 is still a stickler as the rising number of …
Cushing crude oil inventories holding steady
While the nation’s crude oil inventories declined in the most recent reported week, crude oil stocks maintained at the Cushing hub in northern Oklahoma improved only slightly according to the U.S. Energy Information Administration. The EIA reported 26.6 million barrels of oil were stored at Cushing as of the week of November 12. It …
North Dakota reaches record number of producing wells
Those Oklahoma energy companies carrying out oil and gas exploration in North Dakota helped the state reach a new all-time high of 17,041 producing wells. The North Dakota Department of Mineral Resources released the figures this week in its newest oil and gas production report. The Minot Daily News reported the new figures are …
Other energy news headlines
** Airzona Rep. Paul Gosar will lose his seat on two committees he sits on, Natural Resources and Oversight and Reform, for posting a video depicting violence against a Democratic colleague. The Arizona Republican’s ouster from Natural Resources, where he also serves as the ranking member of the Oversight and Investigations Subcommittee, is a major blow for …
Devon’s sustainability report shows improved efforts
Devon Energy Corp. on Wednesday released its latest sustainability report which highlights the company’s efforts to improve its environmental efforts. The company said it had reduced greenhouse gas emissions by 14% and methane emissions by 47% in 2020 compared to 2019. It also has a net zero for some of its operations by 2050. …
Texas regulators under growing pressure over alleged conflicts of interest
Allegations of conflicts of interest are nothing new to regulators in Oklahoma and Texas. Oklahoma Corporation Commissioner Todd Hiett faced such claims made by his critics who went to the State Supreme Court claiming he should be removed from the commission because he also is a director at SpiritBank which loaned money to oil …