Wednesday proved to be another down day for trading of energy stocks. As oil futures dropped, so did the value of Oklahoma and related energy stocks. Alliance Resource Partners was one of the few that actually saw an increase. It rose 5 cents for a 2% gain to $2.74. Blueknight Energy slipped one cent …
Oil futures declined Wednesday, sending U.S. and global benchmark prices to their lowest settlements in over a week. West Texas Intermediate crude for December delivery fell $1.67, or 4%, to settle at $40.03 a barrel on the New York Mercantile Exchange. December Brent crude, the global benchmark, lost $1.43, or 3.3%, at $41.73 a barrel on …
Luminant plans to build a new solar farm on the site of its retired Oak Hill coal mine on the west side of Martin Lake in East Texas. The Panola Watchman reported plans for the solar farm are part of a wider push from Luminant for more renewable energy. Luminant’s parent company Vistra announced …
Physically interfering with Mountain Valley Pipeline workers will cost a protester $1,000, a Montgomery County judge ruled Tuesday in Virginia. Also, Emma Howell, known as “Ash” among pipeline opponents at the tree stands near Yellow Finch Lane, must stay off Mountain Valley Pipeline’s construction sites for a year, the judge said. “You have the …
The Federal Energy Regulatory Commission has approved construction and operation of the Double E natural gas pipeline in the Permian Basin of West Texas. The 134-mile pipeline will run from the Delaware Basin of West Texas and New Mexico to near Waha in West Texas where it will connect to other pipelines according to …
A federal judge has denied a request by Native American tribes to halt construction of the Keystone XL oil pipeline from Canada over worries about potential spills and damage to cultural sites. Work started this spring on the long-stalled pipeline that would carry oil sands crude from Hardisty, Alberta to Steele City, Nebraska. The …
An ethanol plant in northwest Iowa designed to make the fuel from corn cobs and stalks rather than kernels has closed. The Des Moines Register was first to report the “Project Liberty” plant in Emmetsburg had closed. Iowa State University agronomist Emily Heaton said in an interview with Radio Iowa that corn stover can easily be converted …
North Dakota regulators say an equipment failure at a well near Watford City in the northwestern part of the state led to the release of about 12,180 gallons of oil. The Associated Press reported that the state’s Oil and Gas Division said it was notified of the spill on Sunday at the Newfield Production …
** House Democrats’ sweeping measure aims to harness the world’s oceans to address climate change. The 324-page bill, introduced Tuesday by Natural Resources Chair Raúl Grijalva (D-Ariz.), would boost offshore wind energy production and bar new offshore oil and gas drilling. ** Oregon Sen. Jeff Merkley (D) and California Rep. Mike Levin (D) introduced legislation Tuesday to end the sale of new U.S. …
Sometimes the way reporters on Capitol Hill view things out here in fly-over country is far different than those of us who live and work here. Take for example how POLITICO in Washington, D-C reported this week’s move by Pioneer Natural Resources to acquire Parsley Energy: “As sure as night follows day, a downturn …
