Siemens Gamesa, the wind power company with wind turbines scattered across Oklahoma and production plants in Hutchinson, Kansas and Iowa warned investors there will be big economic losses this year. Christian Bruch, CEO and President of Siemens Energy, and Chairman of Siemens Gamesa recently told analysts the turnaround for Siemens Energy would not be …
Category: General
Rare lizard latest wildlife that could create a fight in the Permian Basin
Another fight is brewing over a rare lizard found in the Permian Basin. Already U.S. wildlife managers want to list the dunes sagebrush lizard as an endangered species an it could interfere in the extensive oil and gas exploration in West Texas and southeast New Mexico. The Fish and Wildlife Service plans to collect …
Other energy notes
** The spill of highly radioactive waste beneath a building on the Hanford nuclear reservation north of Richland and near the Columbia River is both deeper and broader than anticipated. In a statement, the Department of Energy said the contamination in the soil at the Hanford 324 Building 1,000 feet from the Columbia River and a mile north …
Oklahoma energy stocks and crude prices finished up on Friday
Crude oil prices and Oklahoma energy stocks settled higher Friday but crude also posted its fourth straight quarterly loss. Investors were still worried that sluggish global economic activity will slow fuel demand. U.S. benchmark, West Texas Intermediate crude rose 78 cents or 1.1% per barrel and finished at $70.64 on the New York Mercantile Exchange. …
7 Kingfisher County wells completed by BCE-Mach
A series of Kingfisher County wells drilled and completed in April by Oklahoma City’s BCE-Mach III LLC produced more than 2,000 barrels of oil a day. All of the various Lincoln wells produced out of the Oswego formation and the largest had production of 441 barrels of oil a day. The 7 wells are …
Chevron to sell Permian Basin holdings
An estimated $100 million in oil and gas properties owned by Chevron in New Mexico and Texas will soon be up for sale. The land in question, involving 2.2 million acres, is mostly in the Permian Baskin of West Texas and southeast New Mexico. Chevron is the largely publicly-traded oil and gas producer in …
Thank goodness for cooler weather this weekend
Yeh, it was hot on Wednesday in Oklahoma….hot enough to get News 9 chief meteorologist David Payne pretty excited about it. It hit 113 degrees in Altus in the southwest. The heat indexes in the state were even higher as Payne pointed out. That’s right….a 120 degree heat index in the southwest town …
Austin company fined $40 million for environmental violations in New Mexico
New Mexico environmental regulators just leveled a $40 million fine against an Austin, Texas-based oil and gas production company over what they called “egregious violations of state rules and permitting requirements.” The New Mexico Environment Department and the New Mexico Energy, Minerals and Natural Resources Department announced separate, but significant enforcement actions against Ameredev …
Thursday’s trading saw a strong day for Oklahoma energy stocks
As crude oil prices managed a slight gain in Thursday’s trading, Oklahoma energy prices recorded a strong day with some seeing gains of 6% to 10%. The day’s gain for crude prices was supported by a bigger draw than expected in U.S. crude inventories. West Texas Intermediate crude went up 30 cents or 0.4% …
Wake Energy takes on Devon in a fight over 2021 winter storm natural gas prices
Two years after the 2021 Winter Storm Uri devastated Oklahoma and Texas with power outages and caused natural gas prices to soar to historic levels, a lawsuit is being played out in Oklahoma City federal court involving one of the state’s major energy firms. Yes, the historic gas prices are at the root of …