A lawsuit has been filed by a conservation group to force the federal government to bring an end to natural gas flaring by one energy company in New Mexico. The suit by WildEarth Guardians seeks to compel the Environmental Protection Agency to correct alleged flaws in the oil company’s operating permits for two of …
Category: General
Record oil and gas tax collections in southeast New Mexico
Oil and gas production has been so strong in far southeast New Mexico where part of the Permian Basin extends, that one county’s production tax collections are $20 million higher than for all of last year’s fiscal year. Eddy County has just two months remaining in the 2023 fiscal year and collected $8 million …
LSB Industries unveils stock repurchasing plan
Ammonia producer LSB Industries, Inc. announced Monday a $150 million sock repurchasing program approved by its Board of Directors. The Oklahoma City company manufactures ammonia and ammonia-related products at facilities in Cherokee, Alabama, El Dorado, Arkansas and Pryor, Oklahoma and operates a facility for a global chemical company in Baytown, Texas. “We believe our …
Texas ranchers sue ERCOT over Chinese billionaire’s ties to wind farm
Two West Texas ranches are suing ERCOT over a wind farm project that had connections to a billionaire in communist China. Texas attorney Dallas J. Barrington filed a lawsuit on behalf of Ward-Walker Seven Oaks Ranch and Cole Ranch against the Electric Reliability Council of Texas (ERCOT), GH America Investments Group (GHA), GH America Energy, and Greenalia Wind Power …
Shell company chemicals plant fire reignited near Houston
The fire that injured 9 workers at Shell Plc’s chemical plant in Deer Park, Texas reignited over the weekend after firefighters managed to put it out on Saturday. Reuters reported water was being sprayed onto the fire to keep it under control until the chemicals, which were being processed at the time of the …
Evergy recorded ‘strong’ first quarter but still wants to raise rates in Kansas
Even as Evergy, the largest utility in Kansas, reported another strong quarter of financial results, it is seeking a rate increase to be borne by its customers. Executives revealed in their conference call that they were surprised how earnings for investors grew more than predicted. Still, the utility wants to increase electrical bills about …
Natural gas storage to grow as prices remain low
One of the biggest gas producers in the Texas Panhandle says more U.S. companies will add to the growing amount of natural gas in storage because of the shutdown of t he Freeport Liquefied Natural Gas Export Terminal in Texas over the past several months. It’s the prediction of Odessa oilman Kirk Edwards who …
Energy briefs
** Voters in El Paso, Texas soundly rejected efforts of Sunrise El Paso to make history by deciding whether climate change should be written into the city’s charter. ** Electrifying the car market may be getting more difficult, with the share of Americans who say they’re “very unlikely” to consider an EV for their next …
AERO not giving up in electrical restructuring efforts in Oklahoma
The head of a consumer-oriented group that advocates a restructuring of the way Oklahomans buy electricity vowed over the weekend not to give up in the effort, despite recent failure in the legislature. Writing in The Oklahoman’s Viewpoints section, Mike Boyd with the Alliance for electrical Restructuring (AERO) declared, “AERO will continue to push …
Billionaire oilman Harold Hamm switches presidential allegiance…gives money to Nikki Haley
It appears Oklahoma billionaire oilman Harold Hamm is no longer a big Donald Trump supporter. The man who founded Continental Resources and nearly became Energy Secretary under the Trump administration is donating his money to Republican Nikki Haley’s presidential campaign according to The Oklahoman. The paper reported in its Sunday edition that Hamm has …