Category: Oil & Gas

Produced water injection plan draws challenges in Wyoming

  A state-approved plan to injection “produced” water into a Wyoming aquifer has been challenged by conservation groups who claim the project fails to meet Safe Drinking Water Act requirements. A report by WyoFile indicated the challenge was made by the Powder River Basin Resource Council, Wyoming Outdoor Council and Natural Resources Defense Council. They …

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Hundreds call for nationwide ban on fracking

    Hundreds of state and local elected officials from across the national signed a letter sent to the President this week demanding a nationwide ban on new federal permits for fracking and fossil fuel infrastructure. Nearly 400 signed the letter calling on the federal government to end fossil fuel industrial subsidies reported The Hill. …

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1Q earnings report to be released by Cheniere Energy

  Houston’s Cheniere Energy Inc. plans to issue its first quarter 2021 earnings report on Tuesday, May 4 before the start of the market. A conference call for investors and analysts will be held at 10 a.m. Central Time later in the day. The company reported $1.05 adjusted EBITDA for the fourth quarter of 2020 …

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Ovintiv begins exploration in Oklahoma’s Canadian County

  Tulsa’s Ovintiv Mid-Continent Inc. received drilling permits to begin exploration in Canadian County. Permits to drill were issued this week for a three-well single-pad site. The three ROCK ISLAND #1407 wells will be located at 11 14N 7W which is several miles southeast of the city of Okarche. The permit,  01725666 shows drilling is intended to be in …

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Chesapeake Energy and Project Canary announce multi-basin responsibly sourced gas partnership

  Oklahoma’s Chesapeake Energy joined Denver-based Project Canary in launching a pilot partnership this week to produce certified responsibly sourced natural gas (RSG) at select well pads in the Marcellus and Haynesville shales. An announcement stated that Chesapeake Energy will produce RSG using Project Canary’s continuous on-site emissions monitoring technology and TrustWell™ certification process, which provides third …

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US crude oil prices finish above $60

  Tuesday’s trading brought another increase in crude oil prices in the U.S. and abroad with West Texas Intermediate crude settling back above the $60 mark. WTI for May delivery went up 48 cents to $60.18 a barrel in trading on the New York Mercantile Exchange. Brent crude oil for June delivery rose 39 cents …

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OERB welcomes new member to board of directors

  A new member has been added to the board of directors of the Oklahoma Energy Resources Board. Joe Brevetti is the founder of Charter Oak Production Co., LLC and manages all aspects of oil and natural gas operations and development. With more than 40 years of experience in the industry, he started his career …

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Iowa joins other states in stopping natural gas bans

  Iowa joined other states this week in prohibiting municipalities from banning the use of natural gas in new building construction, a movement prompted by cities in California. Iowa’s Gov. Kim Reynolds signed House File 555, which bans cities and counties from regulating the sale of propane or natural gas. The Iowa Capital Dispatch reported the measure …

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Enable Midstream to release 1Q financial results

    Enable Midstream Partners plans to release its first quarter 2021 financial results before the opening markets on Monday, May 3. A conference call will follow at 9 a.m. Central Time the same day. The company finished the fourth quarter of 2020 with $96 million in net income, an increase of $78 million compared …

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Two largest shareholders okay takeover of Enable Midstream Partners

  The two largest unitholders in Enable Midstream Partners LP gave their approval to the $7 billion merger of the company with Dallas-based Energy Transfer LP. Enable and Energy Transfer announced the unitholders delivered their written consents in support of the merger following an SEC filing of Form S-4 last week. These unitholders, CenterPoint Energy, …

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