Chevron is the winner of a recent New Mexico auction which will net the state land trust nearly $7 million in an expansion of solar energy production in the Permian Basin. The 326-acre project will be in Eddy County and called the Hayhurst New Mexico Solar project reported KRQE. Click here for KRQE
Category: General
Increased dividend declared at ONE Gas
ONE Gas announced this week an increased dividend for the first quarter of 2022. The board of directors approved a 4-cent increase per share to 62 cents per share. The resulting annualized dividend would be $2.48 per share according to the company’s announcement. The dividend is payable March 11, 2022, to shareholders of record …
Oil and gas production averages slip in Anadarko
Oil and gas production from new wells in the Anadarko Basin, of which Oklahoma is a large part dropped from January to February according to a new report from the U.S. Energy Information Administration. The EIA report showed the average production of oil dropped from 762 barrels a day in January to 731 barrels …
Thursday’s other energy news headlines
** The Biden administration on Tuesday announced that it was undertaking a 10-year strategy aimed at reducing harm caused by wildfires, using some funds from the bipartisan infrastructure bill. ** Production delays from Rivian and other electric van manufacturers continue to slow Amazon’s pledge to replace its fossil fuel-run delivery fleet. ** Volvo’s electric tractor-trailer trucks, produced at a …
Another jump in crude oil prices but not for most Oklahoma energy stocks
Crude oil prices jumped in Tuesday’s trading following the Martin Luther King holiday on Monday, largely due to growing concerns about the tense situation between Ukraine and Russia. But it didn’t carry over to trading of Oklahoma energy stocks. West Texas Intermediate crude for February delivery rose $1.61 to $85.43 a barrel in trading …
More legal challenges to OGE’s Supreme Court bond request
Another former legislator is one of three more challengers to the use of state-backed bonds to secure the February 2021 winter storm costs of $739 million by Oklahoma Gas and Electric. Former Rep. Porter H. Davis of Oklahoma City filed his challenge on Monday, arguing the use of ratepayer-backed bonds was an amendment to …
Technical conference scheduled for prorationing of some Oklahoma wells
The matter of prorationing of unallocated gas wells in Oklahoma will be back before regulators on Wednesday. The Oil and Gas Conservation Division will meet to hold a technical conference on the issue. The meeting will be at 9:30 a.m. in the Corporation Commission’s main courtroom of the Jim Thorpe Office Building. Commissioners might …
Federal pipeline agency moves to cut methane emissions
The first-ever restrictions on methane emissions from pipelines is being launched by the Pipeline and Hazardous Materials Safety Administration. E&E News reports the move is a significant shift for the agency that historically has been focused on safety and oil spills. Click here for E&E News.
Busy energy week for Oklahoma’s U.S. House members
Oklahoma U.S. Reps. Frank Lucas, Markwayne Mullin and Stephanie Bice will be busy this week with House Committee hearings dealing with such energy topics as nuclear research investment and abandoned well clean up research. The three are members of the House Science Committee and the House Energy and Commerce Committee. Lucas is the ranking …
Kinder Morgan decides against building Texas to California pipeline
Because major refinery operators Valero Energy Corp. and Tesoro Corp prefer to continue getting crude oil delivered by rail, Kinder Morgan Energy Partners LP has canceled a proposed pipeline to carry Texas crude oil to California. The Dallas company said it shelved the $2 billion line that could have carried 277,000 barrels of oil …