Phillips 66 says it’s buying the remaining units of Phillips 66 Partners that it does not already own in a $3.4 billion deal announced Wednesday. The refiner, reported Reuters, intends to simplify its governance and corporate structure. Click here for Reuters.
The headlines of other energy news stories
** Texas oil exploration and production companies added 2,900 jobs in September, a sign of the industry’s ongoing recovery from its pandemic slump. ** Louisiana Gov. John Bel Edwards will travel to Scotland this week to promote the state as a location for clean energy projects at the United Nations Climate Change Conference. ** A U.K.-based holding company announces plans to reopen …
Odessa, Texas shaken by 2 earthquakes
Like Oklahoma, the state of Texas has discovered that its saltwater injection wells might be the cause of earthquakes. Two quakes measuring 3.4 and 3.6 magnitude rattled Odessa, Texas Tuesday evening around 5 o’clock. Texas regulators were in the process of asking a handful of oil companies to reduce their saltwater injections into disposal …
Crude oil climbs again—OK energy stocks slumped
Crude oil prices made another rung in the ladder of higher prices on Tuesday inching closer to $85 a barrel in the US while settling at a strong $86 a barrel in Europe. But it didn’t help most Oklahoma energy stocks. West Texas Intermediate crude for December delivery finished up 89 cents at $84.65 …
Strange October weather in Oklahoma
Not to relive the nightmarish weather that visited Oklahoma a year ago, but yes, last year at this time, a devastating ice storm smacked the state. Remember how 300,000 lost electrical power and some residents in the state went for days and weeks without electricity? Unlike the February 2021 historic winter storm that left thousands …
Residents fight largest solar farm in Nebraska
They’re calling it a “last-ditch battle” against what might be the largest solar farm in Nebraska, one that would cover 2,800 acres of land. Residents east of Lincoln are opposed to the plan by Ranger Power to build a solar farm of up to 250 megawatts. And they’re going before the Lincoln-Lancaster County Planning Commission …
EPA responds to New Mexico Governor and acts to address PFAS under Hazardous Waste Law
The U.S. Environmental Protection Agency on Tuesday announced it was acting upon a petition from Governor Michelle Lujan Grisham of New Mexico to tackle contamination by PFAS or “forever” chemicals under the Resource Conservation and Recovery Act. In responding to the petition, EPA outlined plans to initiate the rulemaking process for two new actions …
47th consecutive dividend announced by Williams
Tulsa’s Williams Cos. announced on Tuesday its board of directors had approved yet another dividend to investors—the 47th consecutive payment. The dividend of $0.41 per share or $1.64 annualized on the company’s common stock will be payable Dec. 27, 2021 to holders of record at the close of business on Dec. 10, 2021. The …
Enel Green Power builds another wind farm in Oklahoma
Another Enel Green Power wind farm is going up in Oklahoma—the firm’s 12th to be built in the state. The firm announced that construction has started on the 250 megawatt 25-Mile Creek wind project near Gage in Ellis County. The new construction results in a total $3 billion investment by Enel Green Power in …
Manchin fights methane leaks fine pushed by Dems
“You’re not going to be able to penalize yourself” to a cleaner environment. (Sen. Joe Manchin) The above statement is very telling in what West Virginia Sen. Joe Manchin has to say about the Democrats’ proposed methane fee on oil and gas companies’ leaks. It’s reported and claimed by some to be dead in the water …