Oil giant helped bring about reforms to New Mexico’s regulators

  A New Mexico investigative website, New Mexico In Depth reports Exxon Mobil Corporation was one of those firms that contributed to a dark-money group last year, a group that supported reforms of the state’s Public Regulation Commission. The investigative site admitted it wasn’t much…only $10,000 but its story left readers with the opinion that …

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Energy news in brief

** Enbridge Inc on Friday forecast higher costs for its long-contested Line 3 pipeline replacement project, citing regulatory and permitting delays, winter construction and COVID-19 protocols, among other reasons. Enbridge now estimates capital costs for the Line 3 replacement project, including the Canadian segment already in service, at $8.18 billion up from $7.08 billion. The increased …

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Chemical maker to buy wind power from EDF Renewables

  Wind power company, EDF Renewables North America inks another big sale of its electrical power. The company, with major wind farm operations in Oklahoma signed a deal this week to provide power from one of its Texas wind farms to German chemicals producer BASF. BASF agreed to buy 35 MW of wind power capacity …

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Upcoming legislative bill would defend Texas energy sector from boycotts

  New legislation aimed at prohibiting the state of Texas from doing business with any investment firms boycotting oil and gas companies could be unveiled this week in the Texas legislature. It’s a bill to be filed in response to investment companies and banks that have attempted to stop doing business with oil and gas …

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Baker Hughes reports increase in nation’s rig count

  While the analytical firm Enverus reported a drop in U.S. rig numbers in the past week, Baker Hughes Co. reports an increase of 5 nationally to 397. But many more rigs remain in storage. Oklahoma’s count fell one to 17 compared to the 50 rigs active one year ago. The national count included an …

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Wind energy had a banner year in 2020

  The wind industry made huge gains in 2020 and a new study by the American Clean Power Association said it was a record year as there was an 85% increase in new wind power capacity over 2019. Developers in Oklahoma, Texas and other wind-power states added enough megawatts of capacity to power millions of …

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Grouse leads to ruling overturning Trump administration move

  The protection of the greater sage grouse prompted a U.S. District judge in Montana on Thursday to overturn a Trump administration move that allowed mining and other development on 10 million acres in parts of six western states. Judge Lynn Winmill said the Trump decision to cancel a previous effort to ban mining in …

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Permits to drill for February 11, 2021

Permits to drill issued on February 11, 2021. Grady County WRIGHT #2H-25-36, January 16 2020 25 10N 8W NNNWNWSE API: 05124748 CITIZEN ENERGY III LLC MU, AM, 19755 ft, MISSISSIPPIAN(12300) Kay County OTTO #1-19, February 11 2021 19 27N 2E NWSENESE API: 07124925 Lat: 36.80194112340219, Long: -97.12266817542297 TRUEVINE OPERATING LLC SH, DR, 4400 ft, VERTZ(1985), ENDICOTT(2060), TONKAWA …

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Lots of losses by Oklahoma energy stocks in Thursday’s trading

Skip to content Oil prices fell and energy stocks followed suit on Thursday. Benchmark US crude oil, West Texas Intermediate for March delivery finished down 44 cents to $5.824 a barrel. It was the first decline in the past 9 days of trading. Global benchmark Brent crude oil for April delivery dropped 33 cents to …

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Energy Transfer announces better environment group

  The Texas company heavily targeted by Native Americans and environmentalists over its Dakota Access pipeline has turned more of its focus on creating a better environment. Energy Transfer announced Thursday the creation of a new group within its Partnership to develop alternative energy projects “aimed at continuing to reduce its environmental footprint throughout its …

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