** Oil started flowing through the newly built Line 3 pipeline in northern Minnesota on Friday, bringing closure to one chapter of the large and bitterly disputed construction project. ** Enbridge has reimbursed U.S. police $2.4 million for arresting and surveilling hundreds of demonstrators who opposed construction of Line 3. ** Canada on Monday invoked a 1977 treaty with the …
Texas company linked to California oil spill had record of violations
Records show the Texas company that operates the oil pipeline that ruptured over the weekend off the coast of California causing the state’s worst oil pollution event in decades had a long list of safety and environmental violations. Beta Operating Co., a subsidiary of Houston-based Amplify Energy was cited 125 times since 1980 according …
Enviros want New Mexico to brake its hydrogen race
While the state of New Mexico barrels toward development of converting the state into a “hydrogen hub,” environmentalists are urging Gov. Michelle Lujan Grisham to put on the brakes. They’re worried her embrace of strategies to turn New Mexico into a “center of excellence” for a future hydrogen economy might be too much, too …
OGE Energy Corp.’s 3Q earnings report to be released in November
The third quarter 2021 earnings report by OGE Energy Corp will be released Thursday, Nov. 4. The company leadership plans a quarterly conference call at 8 a.m. Central Time to discuss the results. The results will be compared to the second quarter results released in August that showed the firm’s net income was $113 …
US crude close to $78—highest in 7 years
The decision by OPEC+ to remain with its current crude oil production policy prompted crude oil prices to jump in Monday’s trading as overseas prices hit $81 a barrel while in the US prices reached their highest mark since 2014. As a result, Oklahoma energy stocks had a strong Monday with at least one …
Other energy stories in brief
** As crews rush to contain a 126,000-gallon oil spill from an offshore pipeline off the Southern California coast, questions arise over officials’ slow response to initial reports of the spill. ** The city of Port Arthur, Texas just added its 11th electric bus to its fleet. ** Federal regulators propose a $150,000 fine against Entergy for three violations …
New oil drilling in the STACK
More oil and gas exploration is coming in Oklahoma’s STACK play as shown by some recent drilling permits approved by state regulators. Continental Resources plans three more Blaine County wells including two on a single pad and a third nearby. The TRES C FIU #2-35-2XHM and the TRES C FEDERAL #3-35-2XHM wells will be located at 35 15N 13W, …
Iowa community could lose 900 workers in wind industry
While Iowa is now the second wind-energy state in the nation, it doesn’t guarantee jobs in the industry as one city in the state has learned. Leaders in Newton, Iowa, once home to thousands of jobs for Maytag learned in the past several days that 900 jobs might be lost in two wind energy …
It’s now Cotera Energy
Cimarex Energy Co., the firm with a heavy commitment to oil and gas exploration in Oklahoma’s Mid-Continent play has officially joined operations with Cabot Oil & Gas Corp., forming a new company with a new name—Cotera Energy. The more than $17 billion deal was an all-stock merger. The new operation will cover more than …
Dallas radio show host accused in oil scheme
The Securities and Exchange Commission is targeting a Dallas licensed petroleum engineer for using his KRLD radio show to attract investors into a fraudulent oil and gas investment opportunity. The SEC filed a complaint against Mark Plummer who aired the “Smart Oil and Gas” show on the radio station and asked callers to phone for …