Drivers of hydrogen-powered vehicles will soon be able to pull up and fill up with hydrogen at a station in Albuquerque, New Mexico. BayoTech is building its first ‘hydrogen hub” station that will be the first hub on New Mexico Gas Company property in the city reported the Santa Fe New Mexican. Click here …
Study claims smaller independent producers lead Permian Basin growth
A new study of the oil and gas drilling activity in the Permian Basin shows smaller and independent producers are leading the growth in the region in the past few years. The Carlsbad Current-Argus reports the Institute for Energy Economics and Financial Analysis reported in a recent study that independent oil and gas producers were leading …
Indigenous leaders pledge to oppose new Enbridge developments
Native American groups come out with a pledge to fight to preserve their sacred sites that might be in the path of the Canadian oil company Enbridge and its plans to increase capacity on the pipeline system that connects the crude-oil storage hub in Oklahoma to the Texas Gulf Coast. Expansion was announced in …
Chesapeake Energy Corporation announces $1 billion common stock And warrant repurchase authorization
Chesapeake Energy Corporation announced that its Board of Directors has authorized the repurchase of up to $1 billion in aggregate value of its common stock and/or warrants from time to time. The repurchase authorization permits Chesapeake to make repurchases on a discretionary basis as determined by management, subject to market conditions, applicable legal requirements, available …
Nation’s rig activity is growing
The latest U.S. rig report from Enverus Rig Analytics based in Austin, Texas, showed an increase of six in the past week to 670 as of Dec. 1. That’s an increase of 3% in the last month and 70% from a year ago. There were no significant changes in major plays in the last …
Energy Transfer heads to North Dakota Supreme Court
Dakota Access Pipeline developer Energy Transfer is headed to the North Dakota Supreme Court in a fight over thousands of documents about the company that handled security at the time of the construction of the controversial line. The Associated Press reports the case grew out of a lawsuit filed by Energy Transfer and its …
Regulators correct impact of ONG rate hike
The Oklahoma Corporation Commission sent out a correction Thursday to its original announcement about the ONG rate hike and how much it will affect residential customers. The Commission approved a settlement agreement which will initially result in an average increase of $1.27 in the average residential bill stated the correction version. However, the settlement includes a …
Record $5.3 billion in revenue from oil and gas in New Mexico
Those New Mexico leaders who want to shift away from oil and gas toward renewable energy sources have a good reason to reconsider—oil and gas just pumped a record $5.3 billion into the state’s governments over the past fiscal year. The Santa Fe New Mexican reports a new report by New Mexico Tax Research …
Investigators stall approval of nuke storage site in New Mexico
Efforts to create another high-level nuclear waste storage site in southeast New Mexico were delayed this week as federal regulators weren’t satisfied with the answers they got from the company behind the project. The Carlsbad Current-Argus reported Holtec International was notified of the delay in approval for its plans to build the facility near the …
ONE Gas to participate in December symposium
Tulsa-based ONE Gas, Inc. will take part in the upcoming Wells Fargo Midstream, Utility & Renewables Symposium. The virtual participation will be on Wednesday, Dec. 8, 2021. Robert S. McAnnally, president and chief executive officer, Caron Lawhorn, senior vice president and chief financial officer, and Curtis Dinan, senior vice president and chief operating …
