Economic leaders including those from the oil and gas industry admit they’re concerned about the economic impact of the COVID-19 pandemic on the Permian Basin and southeastern New Mexico. But oil and gas leaders sought to ease economic concerns stemming from the historic decline in the market in addressing the Carlsbad community at the city’s recent …
Colorado is poised to impose the biggest statewide oil and gas drilling setback in the nation – 2,000 feet from homes and schools – after state regulators unanimously backed the measure in an informal vote. The Colorado Sun reported that a final, formal vote will be held Nov. 6. But while setting the buffer for …
Oil and gas companies will have to control and monitor emissions from fracking and meet tighter emission-performance standards on the electric motors used at drill sites, under some first-in-the-nation rules passed Wednesday night by Colorado air quality regulators. The Colorado Sun reported the new rules for the so-called pre-production phase of drilling are in …
Refinery operator HollyFrontier Corporation and its Holly Energy Partners, L.P. plan to release third quarter financial results on September 30. The release will be made Wednesday before the opening of trading on the New York Stock Exchange. But it won’t be until Nov. 5, 2020 when company executives at HollyFrontier will hold a webcast …
Blackstone’s finalized the sale of its 42% stake in Cheniere Energy Partners. The company announced that its Blackstone Energy Partner closed the nearly $7 billion deal. The funds were also managed by Blackstone Infrastructure Partners. Blackstone spent 8 years with investments in Cheniere including $1.5 billion to help the company build the first two …
A Texas electric cooperative becomes the first in the state to install a utility-scale battery storage system at a substation. Pedernales Electric Cooperative recently energized a new battery storage system adjacent to its Johnson City substation, making it the first cooperative in Texas to utilize battery storage. The Corridor News reported the installation consists of three …
Who’s drilling and where in Oklahoma. Some of the latest drilling permits issued by the Corporation Commission show Mack Energy Company based in Duncan plans to drill the SW Wildcat Jim Deese Unit #17-1 well in Carter County at 12 2S 3W. The site is several miles southeast of Ratliff City. A permit to drill …
Energy companies struggled again during Thursday’s trading with a majority seeing a slight dip in their stocks. A few Oklahoma companies saw their shares jump in trading but otherwise it proved to be a continued up-and-down day for energy investors. Alliance Resource Partners fell more than 2% after dropping 6 cents to $2.86. Blueknight Energy …
Oil futures finished higher on Thursday, supported by signs of tighter U.S. crude supplies, despite persistent concerns that rising cases of COVID-19 will lead to weaker energy demand. MarketWatch reported the commodity tallied a third climb in a row, but the gains have been modest and prices still remain lower for the week. “Oil …
News 9 TV reported that the Oklahoma State Liquified Petroleum Gas Administration has determined what caused a massive home explosion Thursday morning that left a teenage girl dead in northeast Oklahoma City. The agency said the explosion was likely caused by an illegal log lighter in the fireplace. It did not have a 100% …
