Environmental regulators in New Mexico plan a tougher review of even the lowest pollution-emitting oil and gas wells. The New Mexico Environment Department stated this week it intends to return to a restrictive air pollution rule that calls for the fossil fuel industry to inspect the lowest-emitting wells yearly reported the Santa Fe New …
Category: Oil & Gas
Flaring just got tougher in Texas
Texas regulators took a recent move that will increase restrictions and the ability of oil and gas companies to do more flaring of gas from their wells. Texas Railroad Commissioners voted to limit an oil driller to flaring gas for just one year—not two as requested by the industry reported the Midland Reporter …
Propane prices continue soaring ahead of approaching winter
Oklahomans who rely on propane for winter heating are among those who could face the most expensive winter in years—thanks to the highest jump in prices in the past 7 years. The main U.S. trading hub, located in Mont Belvieu, Texas has seen propane prices climb nearly 60% this year because of tighter production …
OK energy stocks jumped as crude oil rose on Wednesday
Double-digit gains were recorded by some Oklahoma energy stocks as a larger-than-expected drawdown in U.S. crude inventories, including the amount in storage at Oklahoma’s Cushing hub, resulted in a more than $2 a barrel increase in oil prices Wednesday. Analysts also attributed the jump on expectations that demand will increase as COVID-19 vaccination roll-outs …
Crude oil inventories decline at Cushing Hub
U.S. crude supplies continue their fall according to reports issued by the government and the American Petroleum Institute. The decline included the amount of crude oil held in storage at the Cushing hub in northern Oklahoma. Supplies nationwide dropped by 6.4 million barrels for the week ended September 10 reported the U.S. Energy Information …
New drilling extends across Oklahoma
Regulators approve more permits to drill across the state as the oil and gas industry continues its expansion following a retreat caused by the COVID-19 pandemic of 2020. Beckham County will see drilling by Unbridled Resources LLC which received a permit fore the BLEVINS 16X9-11-26 #1HC, a well to be drilled only a few miles …
Oklahoma oil leader attacks “coastal elites” over energy policies
The coastal elites now crafting U.S. budget, tax and social policy are making a terrible error in betting on OPEC+ instead of the hardworking Americans in petroleum-producing states writes Brook A. Simmons, President of the Petroleum Alliance of Oklahoma in Wednesday’s Daily Oklahoman. Writing as a guest columnist in the newspaper, Simmons called it …
Tax collections reflect improved oil and gas industry in Oklahoma
As another sign of a rebounding oil and gas industry in Oklahoma, the state reported this week a 20% increase in general revenue fund collections for the month of August. Collections totaled $541.6 million or $91.2 million more than the monthly estimate reported the McCarville Report. Click here for McCarville Report.
Oklahoma regulators review winter gas supply plans of state utilities
Oklahoma Corporation Commissioners spent time this week hearing from utility leaders discuss their plans to make sure they have adequate natural gas supplies in the approaching winter. Regulators and utilities don’t want to face another cold hard winter and challenging gas supply issues like the state experienced in February. Click here for more from Stillwater …
Energy news in brief
** Hurricane Nicholas on Tuesday took another swipe at U.S. Gulf Coast energy facilities, cutting offshore oil and gas output gradually recovering from the last storm and disrupting power to onshore pipeline, gas and chemical plants. ** In 14 years’ time, no fossil fuel-powered vehicles will be sold in New York anymore. The state has passed a new law …