An environmental group based in Albuquerque maintains the number of abandoned oil and gas wells in New Mexico’s Permian Basin in the southeast and the San Juan Basin in the northwest is growing. The group conducted an audit which identified nearly 6,000 such abandoned wells in the state and about 2,600 are on federal …
Ovintiv sets 1Q financial release date
A first quarter financial earnings report will be released by Ovintiv on Monday, May 9. The company announced it intends to hold a conference call the next day, Tuesday May 10 at 8 a.m. Central Time. The initial release of the financial earnings will be made after the close of markets on Monday. Fourth …
Oil and Gas executive named to OSU A and M Board of Regents
An executive with oil and gas experience was named by Oklahoma Gov. Kevin Stitt to the OSU/A&M Board of Regents. The governor named Cary Baetz of the Berry Corporation in the past week, praising Baetz. “Simply put, Cary Baetz gets things done,” said Gov. Stitt. “He is passionate about Oklahoma State University and his strategic executive …
EPA denies 36 refinery biofuel waivers
The EPA has denied three dozen requests from small refineries for exemptions from biofuels blending requirements for gasoline, a move that stems from the controversial Tenth U.S. Circuit Court of Appeals 2018 ruling that extended the authority for the agency to carry out the denials. It was a ruling involving at least one Oklahoma …
Tesla turns out first Austin EV
In a stunning completion of his plant in Austin, Texas, Tesla leader Elon Musk delivered the first Texas-made electric vehicle on Thursday. He used the event, known as the “Cyber Rodeo,” to also hint at more products to come, including a dedicated robotaxi reported the Wall Street Journal. An estimated 15,000 people had been …
Colorado solar developers complain federal probe has resulted in supply shortage
A federal investigation into Asian companies allegedly avoiding tariffs on solar panels as dried up the supply of solar panels in the U.S. and Colorado developers are complaining. The Colorado Sun reports some solar projects in the state are delayed into 2023 and developers are experiencing increased prices on the available panels. Click here …
Wildfire grows in Oklahoma Panhandle
A wildfire in the Oklahoma Panhandle had grown to more than 23,000 acres as of Friday, a fire that had already left two Balko firefighters injured when their firetruck overturned earlier in the week. The State Forestry Department labeled it the “Beaver River Fire” which started in Beaver County. On Tuesday, volunteer firefighters Jason …
OGE asks for rate hike to be approved by regulators
The Oklahoma Corporation Commission plans to begin hearing the request of Oklahoma Gas and Electric for a nearly 10% increase in the utility’s rates. The utility is seeking a nearly $163.5 million increase in order to recover increased business costs and infrastructure improvements made over the past 10 years. If approved by the Corporation …
Oilfield fatality reported near Blackwell, Oklahoma
Details remain unavailable but one worker was killed and another injured Wednesday in an oilfield incident near Blackwell, Oklahoma. Reports suggested a truck might have been blown over by high winds. The identity of the company was not available nor were other details. The Oklahoma Highway Patrol was reportedly investigating but a spokeswoman indicated …
Concerns over sanctions against Russia result in crude price drop
Crude oil prices settled even lower in Thursday’s trading on growing concerns that more sanctions against Russia over its war with Ukraine won’t work. Add to that, the concerns of the new wave of COVID-19 that resulted in more lockdowns in China. West Texas Intermediate crude fell 20 cents or 0.6% to finish at …