The North Dakota Supreme Court rule that state regulators properly refrained from getting involved in the location of an oil refinery being developed near Theodore Roosevelt National Park. It’s the second time this summer that justices have sided with the state in a dispute over the Davis Refinery — essentially handing two legal victories to …
Navistar to make electric trucks in San Antonio
Navistar International announced this week it intends to produce electric heavy-duty trucks at the truck plant under construction in San Antonio, Texas. Construction of Navistar International’s South Side plant just started in July, but the manufacturer already is shaking up plans for the $250 million facility: It will produce electric heavy-duty trucks in …
Entergy sues state of Arkansas to recover $135M
Entergy Arkansas is asking for a federal court order allowing the utility to charge Arkansas ratepayers $135 million and rescind a $15 million rate refund the state Public Service Commission approved in July. The Arkansas Democrat-Gazette reported that on Friday, Entergy filed suit in U.S. Court for the Eastern District against the three members of …
Oklahoma’s general fund collections were up in August but oil and gas revenue was down
Oklahoma saw a slight increase in its General Revenue Fund collections in August as they totaled $438.4 million and came in at $4.1 million, or 0.9%, above the monthly estimate. This is $13.0 million, or 2.9%, below collections in August of 2019. Overall August collections met expectations, but were lower compared to August of …
Colorado legislators take up proposal for renewable natural gas standard
Colorado would require natural gas utilities to integrate renewable energy under a far-reaching bill introduced in the state legislature. Senate Bill 20-150 would require Public Service Co. of Colorado, a subsidiary of Xcel Energy, to use 5% renewable natural gas by 2025 and 15% within a decade reported the Energy News Network. The proposal would also …
Kansas utility continues to collect fee on solar customers despite court ruling
Five months after the Kansas Supreme Court ruled it illegal, Evergy continues to collect a demand fee from customers who own solar panels. “It’s an injustice that even though this was declared unlawful, they still can keep it on the books,” said Zack Pistora, who represents the Kansas Sierra Club, one of the groups …
NGL Energy Partners LP Announces Quarterly Cash Distribution for Class B and Class C Preferred Units
NGL Energy Partners LP announced an increased quarterly distribution of 56 to 60 cents a share on some of its units. The Tulsa company said the distribution for the quarter ending September 30, 2020 will be paid to holders of its 9% Class B Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units and its …
North Dakota saw increased oil production in July
North Dakota oil production jumped to more than 1 million barrels a day in July for the first time in two months but remained below its peak as the coronavirus pandemic continued to hamper output in the state’s Bakken shale field, a state official said this week. Crude oil output rose about 20% to …
Gains were few and far between for many energy firms in Tuesday’s trading
Tuesday proved to be mostly a down day for many Oklahoma related energy stocks. Alliance Resource Partners was an exception as its shares jumped 8 cents for a 2.51% gain to $3.27. Blueknight Energy Partners rose 3 cents for a 2.05% gain to $1.49. Chesapeake Energy was down 9 cents for a 1.80% loss …
Oil, natural-gas futures end higher as Hurricane Sally disrupts Gulf of Mexico energy production
Oil futures got a lift Tuesday as Hurricane Sally neared landfall, forcing the shutdown of more than a quarter of offshore Gulf of Mexico crude production and a number of refineries. Nearly 27% of Gulf oil production and about 28% of natural-gas production has been shut in as of Tuesday, according to the Bureau of …