The testing of private wells around eastern New Mexico’s Cannon Air Force base to see if they are contaminated with “forever” chemicals from the military installation was recently finished by the state’s Environment Department. The New Mexico Environment Department concluded testing of private wells for per- and polyfluoroalkyl substances (PFAS) in Curry and Roosevelt …
Permian production approaches pre-pandemic high
Surging oil prices have resulted in increased oil production in the Permian Basin as it is reaching close to a record set in March 2020, thanks to drilling activity by Oklahoma companies such as Devon Energy and others. October’s average daily production in the prolific basin of West Texas and Southeast New Mexico is …
$3 or higher gasoline in nearly half of Oklahoma’s counties
“Sorry folks, but the cost of gasoline is still going up” That’s the headline from the AAA this week as the national average for a gallon of gasoline rose a nickel to hit $3.32 while in Oklahoma, the average went up 8 cents to $2.97 a gallon. Nearly half of the state’s 77 counties, …
Crude still above $82 a barrel in US and Europe
The drop in U.S. industrial output in September left oil prices weak on Monday as Brent fell while US prices rose only slightly. But both remain above $82 a barrel. Both touched multi-year highs earlier in the day but enthusiasm for higher oil prices waned later. Brent crude for December delivery dropped 62 cents …
3Q results for Enable Midstream to be announced in November
Oklahoma City-based Enable Midstream Partners, LP will announce its third quarter earnings report November 1, revealing whether it was able to build on a strong second quarter. The report will be released before market hours on that Monday detailing the quarter’s results and recent business highlights. With nearly 14,000 miles of natural gas, crude …
Will earnings growth continue for LSB Industries?
The third quarter financial results for LSB Industries, Inc. will be released the first of November and the question of whether the firm’s strong second quarter earnings continued will be answered. The company announced it plans to release the report on Monday, Nov. 1 after the close of the markets. LSB’s management plans to …
Evergy wants more wind powered electricity
Kansas City-based Evergy, a utility serving 1.6 million customers in Kansas and Missouri announced it is seeking bids for more wind energy to supply its electricity needs. The company issued a Request for Proposal seeking bids to purchase wind resources of up to 1,000 megawatts to be in service by 2026. Projects that achieve …
Another energy rule proposed in New Mexico
The energy industry is likely to face another restriction or at least a required step before construction of a pipeline or drilling for oil and gas in New Mexico. The State Land Office in New Mexico has proposed a rule to require state trust land lessees to submit an archaeological survey before commencing such …
Oklahoma’s oil and gas industry recovery quickens
A new report shows recovery of Oklahoma’s oil and natural gas industry has quickened its pace, with increased prices for oil and natural gas spurring new drilling activity and job creation. Data from the most recent Oklahoma Energy Index (OEI) show every index component except for crude oil spot price has moved higher from …
AARP continues fight against OGE rate hike request
The AARP in Oklahoma has come out again in its fight against OGE’s $750 million rate hike request. In its latest release, the American Association of Retired Persons called the utility’s request an “attempt to pass along $750 million worth of its mistakes” to customers for decades to come. The consumer group called on …