Plugging New Mexico’s abandoned oil and gas wells could create more than 65,000 jobs and billions of dollars in wages according to a new study. But the analysis also indicated there’s a big if—–“if” the federal government helped. A report published Tuesday by New Mexico-based O’Donnell Economics pointed to the economic boost well plugging could …
Category: Oil & Gas
Energy news in brief
** Even a more than 400% jump in the number of fracking crews working the U.S. shale patch isn’t enough to send oil output soaring. In fact, it’s just enough to keep production relatively flat this year, according to Primary Vision Inc., which has tracked data on frack crews since 2013. ** The chief executive officers of …
Shell and GM announce partnership on Texas power and car-charging
General Motors and a Shell-owned power company announced a partnership on Wednesday aimed at providing renewable electricity to Texas customers and free overnight charging to state residents who own GM electric cars. Shell’s wholly owned subsidiary MP2 Energy, LLC joined GM in collaboration to provide energy solutions to GM customers and supply chain partners …
Crude oil prices stumble in Tuesday’s trading but remain at $73 in US
After Monday’s increase, crude oil prices took a slight fall in the US and in Europe on Tuesday and Oklahoma energy stocks went with them. West Texas Intermediate crude, considered the benchmark U.S. crude oil for July delivery dropped 60 cents and settled at $73.06 a barrel. The global benchmark, Brent crude for August …
Energy news in brief
** Coal stockpiles at U.S. power plants decreased significantly from December 2020 to February 2021, including a draw of nearly 16 million tons in February 2021. February’s draw was the largest monthly coal inventory decrease since July 2011, when stocks were drawn down by 18 million tons reports the EIA. ** A controversial oil refinery in St. …
Renewable energy fight underway in New Mexico
New Mexico finds itself in the middle of a battle—one pitting renewable forces against the state’s oil and gas industry that is responsible for billions of dollars in revenue. Renewable energy supporters want the state to rid itself from being so dependent on oil and gas and to convert to solar and wind power, …
Exploding tanker in North Texas
The driver of a tanker-truck escaped serious injury recently when his rig caught fire because of a leak, then exploded into a massive fireball in Crowell, Texas. The Foard County incident was caught on video by a woman driver. Crowell is a small town located south of Mangum, Oklahoma and west of Wichita Falls, …
Supply kink left some Colorado gas stations empty last weekend
A delay in fuel supplies caused by pipeline work and a shortage of tanker-truck drivers resulted in dozens of gasoline stations in Denver and southern Colorado running dry last weekend. The shortage was the tightest in Pueblo, Colorado Springs and parts of Denver according to J. Skyler McKinney, a regional public affairs director for …
EV charging station cost could slow development of EVs
Don’t expect your local 7-Eleven or Circle K service station stop to jump into installing an electric vehicle charging station, thanks to the costs that some companies consider to be prohibitive for growing development of electric cars and trucks. Costs for EV charging stations can be 7 to 8 times more than what it …
Completion wait for Devon resulted in 4-big STACK producers
Oklahoma’s STACK play gave up a Devon Energy four-well single-pad production of more than 4,000 barrels of oil this spring, proving the wait was worth the effort. The Chisholm Trail 18_19-16n-9w wells, located at 18 16N 9W in Kingfisher County, a site about 15 miles west of Kingfisher and 4 miles south of the Lomega …