In Nebraska, questions are being raised about a loan from a private cooperative of rural public power districts to a group created in the political fight against expansion of wind and solar generation in the state. The Lincoln Journal Star’s story focuses on the startup loan given the group Nebraskans for Reliable and Affordable …
The Oklahoma Tax Commission is bracing for a drop in state tax revenue because of the recent U.S. Supreme Court decision, a drop that could total into the hundreds of millions of dollars. A report by the commission regarding the impact of the McGirt v. Oklahoma ruling will lower the state’s revenue collections of …
The New Mexico Oil and Gas Association released a new report showing that New Mexico’s oil and natural gas industry supported 134,000 in-state jobs and added $16.6 billion to New Mexico’s economy in 2018. According to the analysis, the industry accounted for 12% of statewide employment and 16% of the state’s economy. The report was prepared …
Third Coast Midstream, LLC announced that a subsidiary has completed the sale of its Cushing, OK crude oil storage business “AMID Crude Oil Storage” to HCS Holdings, LLC, an affiliate of Hartree Partners, LP. AMID Crude Oil Storage consists of five crude oil storage tanks with approximately 3.0 MMBbls of storage capacity. “Third Coast Midstream …
Oklahoma City-based Devon Energy Corp. has completed the sale of its assets in the Barnett Shale of North Texas to Banpu Kalnin Ventures. Devon received a cash payment of $320 million from BKV at closing, after adjusting for a $170 million deposit received in April and purchase-price adjustments that, among other things, allocate revenues …
Shareholders of Noble Energy, Inc have voted to support the pending merger of the company with Chevron Corporation. Their vote took place in a special meeting on Friday and the two companies expect to close the merger in the fourth quarter of 2020. “We are pleased that Noble Energy shareholders resoundingly support the …
Friday’s stock closing proved to be a gain for some Oklahoma energy firms while others suffered negative reports. But the question will be on Monday is whether those firms that made gains will see more as trading gets underway. Alliance Resource Partners went up 9 cents for a 3.25% gain to $2.86 per share. …
SUBSCRIBE Saturday, October 3, 2020 Print Edition Environmentalists’ “hopes and dreams are about to be crushed” if they think the court-ordered removal of the Bureau of Land Management’s chief will invalidate his actions, U.S. Secretary of the Interior David L. Bernhardt said on Friday. On Sept. 25, a federal district judge in Montana found that William Perry …
The latest rig reports from Baker Hughes Co. shows Oklahoma was unchanged with 12 active rigs in the past week, but nationally, there was an increase of 5 to 266 as the coronavirus continued to have a stranglehold on the oil and gas industry. A year ago, Oklahoma had 63 active rigs, but the …
The amount of stored crude in the U.S. is at its lowest point since April, but at the large oil storage facilities at Cushing, Oklahoma, the trend is moving upward, not downward. The U.S. Energy Information Administration’s Weekly Petroleum Status Report showed the nation experienced a decline of 2 million barrels of petroleum last week. …
