The Bakken shale holdings of Norway’s Equinor are being sold in a $900 million deal announced this week by the company. The sale of the assets in North Dakota and Montana come after years of mulitibillion dollar losses for the company. The buyer is Grayson Mill Energy which is a firm backed by EnCap …
Texas regulators gave an indication this week that they intend to be perhaps more critical of their control of flaring or burning off of excess natural gas. The Texas Railroad Commission on Tuesday delayed action on several applications for flaring including one by Colorado-based Ovintiv Inc. Another request sought approval to flare more …
The state of Arkansas has launched a rebate program to urge expansion of the electric vehicle charging infrastructure. The Arkansas Department of Energy and Environment, Division of Environmental Quality’s Energy Office recently started the Level 2 Electric Vehicle Supply Equipment program. The Arkansas Department of Energy and Environment, Division of Environmental Quality’s (DEQ) Energy …
** West Virginia U.S. Sen. Joe Manchin, energy committee chairman and key swing vote in the narrowly divided Senate, urges President Joe Biden to reconsider his cancellation of the Keystone XL pipeline. ** Bahamas Petroleum Company will stop drilling a controversial oil well it started in December about 150 miles from the South Florida coast, after saying it did …
County Commissioners in Hutchinson, Kansas have voted to put more restrictions on wind farm developments including a 3,000-foot setback for wind turbines from homes. Reno County Commissioners also decided this week to set a mandatory 3-mile setback around state and federal wildlife properties, reported the Hutchinson News. The newspaper said no decision was made on …
Helmerich & Payne reported a $70 million net loss or 66 cents a diluted share in the quarter that ended Dec. 31, 2020. The loss, from operating revenues of $246 million compared to a $59 million or 55-cent-a-share loss from the previous quarter that ended Sept. 30, 2020. The company said the net cash …
ALLETE Clean Energy says it has made two more renewable energy sale agreements with two more Fortune 500 companies to receive power from its Caddo wind site under construction in western Oklahoma. Oshkosh Corporation and Hormel Foods agreed to receive a combined 100 megawatts from the wind farm once it is operational. The …
(updated) A government report on Wednesday showed crude oil storage declined slightly in the U.S. Commercial crude inventories dropped by 6.6 million barrels from the previous week according to the announcement by the Energy Information Administration. The decline included the amount of crude held in the Cushing oil hub in northern Oklahoma. The EIA said …
The nation’s energy industry has seen a jump in—of all things—catalytic converter thefts, thanks to skyrocketing prices of the metals used in the making of the emissions controlling device on cars and trucks. Thefts tripled in Wichita, Kansas while in St. Louis, Missouri, they were eight times higher last year reported the New York Times. …
Once considered the second-largest U.S. natural gas producer, Chesapeake Energy attempted to gain on the shale-oil boom in recent years. But now that the Oklahoma City company has come out of Chapter 11 bankruptcy, the firm is reverting to its natural gas efforts. The company plans to focus 85% of this year’s spending on …
