After leading efforts in opposition to the now-dead Keystone XL pipeline, opponents in Nebraska have turned their efforts against pipelines to carry carbon dioxide emissions to underground storage sites. POLITICO’s Morning Energy Report indicated those opponents are also criticizing Democrats for the $2 billion in the infrastructure bill to help develop the carbon dioxide …
Category: Oil & Gas
Lagoon Water Midstream enters Midland Basin with strategic acquisition
Lagoon Water Midstream announced Monday that it has closed on the acquisition of Double Drop Resources, a water management company located in the Midland Basin. With ongoing support from Macquarie Infrastructure Partners, this acquisition significantly expands Lagoon’s operations and establishes it as a multi-basin water management company with a presence in the heart of …
Earthquakes shake northern Oklahoma
At least three earthquakes, the largest at 4.1 magnitude shook northern Oklahoma Sunday evening. So far, there are no reports of injuries or damage. The U.S. Geological Survey recorded the quakes around 5:30 p.m. and their epicenters were located a few mile east of the community of Nescatunga in Alfalfa County. The weakest of …
North Dakota loses status as 2nd biggest oil producer
Energy leaders in North Dakota seems to think that the development of underground storage of carbon emissions might more than offset the loss of the state’s status as the second biggest oil producer in the U.S. The Bismarck Tribune reports the carbon storage momentum might offset the disappointment of officials to recent word that …
Energy news in brief
** Canadian-based PetroTal Corp. announced the completion of its fourth horizontal well in Peru’s Bretana oil field, a well producing 7,600 barrels of oil a day over a ten-day period. ** C F Industries, which uses hydrogen and nitrogen to make fertilizers and other products, said it has halted operations at its U.K. manufacturing complexes due …
Rig counts grew in Oklahoma and nation in the past week
The number of drilling rigs in Oklahoma increased in the past week as the U.S. count grew by 9 to reach 512 oil and gas rigs reported Baker Hughes Co. Oklahoma’s count increased to 35 rigs while nationally, the increased count included 10 more oil rigs bringing the total to 411 while the number of …
Oil slipped in Friday’s trading, sending most Oklahoma energy stocks down too
After making slight gains earlier in the week, crude oil prices tumbled in Friday’s trading and sent many Oklahoma energy stocks on the same path. West Texas Intermediate crude dropped 64 cents and settled at $71.97 a barrel. Global benchmark Brent crude had a 33-cent fall and finished the day at $75.34 a barrel on …
Pioneer Natural Resources unloading Delaware Basin assets
Reports indicate Pioneer Natural Resources Co. has plans to sell its assets in the Delaware Basin with hopes of gaining $2 billion for the properties. Reuters reported the top U.S. shale oil producer has stronger hopes of streamlining its business and reducing debt. Click here for Reuters.
Colorado utilities want to raise rates after February winter storm
Four utilities in Colorado are before their state’s Public Utilities Commission asking for authority to raise rates because of the February winter storm, the same one that pounded Oklahoma and Texas. The PUC is set to hear requests from Black Hills Energy, Atmos Energy, Colorado Natural Gas, Inc., and Public Service Company of Colorado …
Energy news in brief
** A United Nations report compiles the latest scientific findings on climate change and shows a gathering disaster unless nations take swift, dramatic action to curb greenhouse gas emissions. The report’s key message is that global warming is occurring more rapidly, and with more quickly worsening effects, than most past models had predicted. ** The U.S. Energy Information …