Weather and turnaround setbacks at its refineries in Oklahoma, New Mexico and Washington forced oil refiner HollyFrontier Corps to warn that its fourth-quarter throughput will be lower than forecast. The company issued its warning on Monday explaining that severe weather and operating problems restricted output at processing plants in Oklahoma and New Mexico and …
Controversy Surrounds New Mexico Proposed Hydrogen Hub
A proposal to ramp up New Mexico’s hydrogen production with the hope of uniting environmentalists and the fossil fuel industry behind a supposedly cleaner energy source is instead further dividing them in the fight against climate change. New Mexico Gov. Michelle Lujan Grisham’s administration is expected to introduce a bill in the upcoming legislative session …
Xcel Energy Mitigates Colorado Fire Risks Through Multi-Million Dollar Spending Program
Although Colorado authorities have now dismissed initial reports suggesting downed power lines owned by Minnesota-based Xcel Energy caused the Marshall fire, the electric services utility is currently engaged in a $597 million wildfire mitigation program across the state. Xcel reported that in 2020, its power and transmission lines sparked 647 fires in the areas of …
North Dakota Federal Judge Rules Against DAPL Protesters, Dismisses Lawsuit
A lawsuit stemming from allegations of excessive force used by local officers at a Dakota Access Pipeline protest has been dismissed. U.S. District Court Judge Daniel Traynor dismissed the case on December 29, 2021, after finding that the police acted reasonably during a lengthy standoff with protesters near the Standing Rock Indian Reservation on November …
Texas Winter Storm 2021 Death Toll Reported as 246
The death toll from the frigid snow and ice storm of February 2021 in Texas continues to rise. The Texas Department of State Health Services added 36 more deaths to the sixth and final report, bringing the total to 246 in what was one of the worst natural disasters in the state’s history. The analytical …
Director resigns at SandRidge Energy Board
SandRidge Energy announced the resignation of one of its members of the board of directors. In a filing with the Securities & Exchange Commission, the company stated that director Patricia Agnello submitted her resignation as an independent director from the board on December 28, 2021 and it was effective immediately. The filing also stated …
Crude oil makes gains along with Oklahoma energy stocks
As OPEC + prepared to meet Tuesday, crude oil prices finished higher in Monday’s trading and took Oklahoma energy stocks along for the ride. West Texas Intermediate crude for February delivery rose 87 cents to finish at $76.08 a barrel on the New York Mercantile Exchange. Global benchmark Brent crude also for February delivery …
Other energy headlines on Tuesday
** In an announcement issued in late December, and reported by CNBC last Friday, electric vehicle and solar roof manufacturer Tesla has asked employees to fight a new California proposal that could make residential rooftop solar energy more expensive for many homeowners. ** Wyoming Gov. Mark Gordon issues an emergency order to block the U.S. EPA from shutting down …
PSO storm costs to be considered by Oklahoma regulators
Oklahoma Corporation Commissioners could decide Monday whether to grant a request by Public Service Company of Oklahoma to securitize nearly $732.5 million in costs related to the February 2021 winter storm that hit the state. The item, listed as CAUSE NO. PUD 202100076 is the only issue to be considered by commissioners in their 1:30 …
Crude oil prices closed down on last day of 2021 trading
Crude oil prices finished 2021 with a drop but for the year, prices still posted their biggest annual gains since 2016. Oklahoma energy stocks finished with a stronger day in trading. Benchmark U.S. crude oil for February delivery fell $1.78 to $75.21 a barrel Friday. Brent crude for March delivery fell $1.75 to $77.78 …
