Two years after a disastrous and massive chemical fire broke out at a chemical tank farm in Deer Park, Texas, legislators have yet to wrap up efforts to create tougher enforcement laws. A bill authored by a Houston State Senator, one to put new regulations on the chemical industry has won approval in the …
Category: Oil & Gas
Turning NM coal ash into green products
Those northwestern New Mexico residents hoping to see an end to the mountains of coal ash from the Four Corners power plant are banking on the efforts of a Canadian company. The firm, SonoAsh LLC wants to create a manufacturing hub in San Juan County by recycling coal ash and turning it into “green …
Oil prices back to $66 a barrel in US
Crude oil prices have returned to near their levels of a week ago following Monday’s trading. West Texas Intermediate crude for July delivery bounced up $2.47 to settle at $66.05 in trading on the New York Mercantile Exchange. Global benchmark Brent crude for July delivery finished up $2.02 to $68.46 a barrel in ICE …
Nebraska signs off on storm recovery costs
Nebraska regulators signed off on approving a plan by Northwestern Energy to recover the more than $25 million it spent on natural gas supply costs during the February winter storm that hit the middle of the country. Under the plan, Northwestern will recover the costs over a two-year period. Click here …
Gas potential of central Kansas to be studied
A report indicated a study will be underway to review the reserve potential for 11,000 acres of oil and gas properties in the central part of Kansas. Infinity Energy Resources based in Overland Park, Kansas and known for its oil and gas exploration offshore of Nicaragua in the Caribbean Sea will turn its attention …
Interior Secretary urged not to list Lesser Prairie Chicken
Senators of a handful of oil and gas-producing states, including Oklahoma’s Jim Inhofe and James Lankford are urging Interior Secretary Haaland not to put the Lesser Prairie Chicken on the list of endangered species. Sens. Inhofe and Lankford were joined by Sens. Jerry Moran (R-KS), Roger Marshall (R-KS), Ted Cruz (R-TX), and John Cornyn (R-TX). …
Early WPX notes tender results announced by Devon Energy
Devon Energy on Monday announced early tender note results totaling more than $1.9 billion for outstanding notes of WPX Energy following the merger of the two firms. The company stated that the early results represent approximately 97.23% of the total outstanding principal amount of the WPX Notes and at least a majority of the aggregate outstanding …
Energy Secretary hopes to make Oklahoma ‘epicenter’ of hydrogen fuel industry
If Grand River Dam Authority CEO Dan Sullivan is correct, Oklahoma could become an ‘epicenter’ of hydrogen fuel and the growing industry. As the political news website NONDOC reported this week, it is the goal of Oklahoma Energy Secretary Ken Wager to drive $1 billion in commitments of investment to develop the industry in …
Energy news in brief
** A federal judge rules that the Dakota Access pipeline can continue operating during an updated environmental review. Attention now turns to the U.S. Army Corps of Engineers as it completes the court-ordered environmental impact statement. ** The world’s largest microchip maker is buying tanker trucks full of water to keep its plant going as farmers struggle to make ends meet …
Cimarex Energy and Cabot Oil and Gas to combine in all-stock merger of equals
Denver’s Cimarex Energy Co., a firm with heavy exploration efforts in Oklahoma announced Monday it is merging with Houston-based Cabot Oil & Gas Corporation in an all-stock deal worth nearly $17 billion. Under the terms of the agreement, which has been unanimously approved by the Boards of Directors of both companies, Cimarex shareholders will receive …