Tulsa-based Helmerich & Payne, Inc. announced its executive leaders will take part in two investor conferences this month. President and CEO John Lindsay will be joined by Mark Smith, Senior Vice President and Chief Financial Officer; Dave Wilson, Vice President of Investor Relations; and other members of H&P management at the conferences. They plan to …
Phillips 66 contributes a total of $1 Million to American Red Cross for Ida relief efforts
Phillips 66 announced it will contribute an additional $500,000 to the American Red Cross to assist relief efforts in the states affected by Hurricane Ida and its remnants. The latest donation brings the company’s total contribution to the organization’s Ida relief efforts to $1 million. “We want those affected by Ida to know they …
Ninth acquisition closed by OKC’s BCE-Mach III LLC
Oklahoma City-based BCE-Mach III LLC says it has made yet another acquisition for its operations, one totaling 18,200 acres of producing properties across three counties in Oklahoma. The bolt-on acquisition includes about 4,400 net royalty acres and approximately 17 mmcfe/d of production. The acquisitions are in Blaine County which makes up a primary area …
Cheniere announces comprehensive long-term capital allocation plan
Cheniere Energy is looking at a long-term capital plan, one its board of directors announced Tuesday will return significant capital shareholders over time.The Board of the Houston-based company said its long-term capital allocation plan is designed to achieve an investment grade balance sheet. It also said that as a result of the completion of the …
A Colorado coal plant might end up being a huge battery for renewable energy
Excel Energy is giving thought to a plan to convert its northwestern Colorado coal plant into a molten salt energy storage operation to increase renewable energy installations. Colorado Public Radio reports the company’s plan to shut down the coal-fired plant will also require a rapid expansion of renewable energy storage in the state. Click …
Federal nuclear lab runs into a power line fight
Environmentalists and Native American tribes are squaring off against the Los Alamos National Laboratory and its plans to build a 12.5 mile long power transmission line across an historic area of New Mexico. Click here for Albuquerque Journal.
Energy news in brief
** More than 80% of oil production in the Gulf of Mexico remains shut in after Hurricane Ida, a U.S. regulator said on Monday, more than a week after the storm made landfall and hit critical infrastructure in the region. ** Entergy projects it could be four weeks before power is restored across much of St. Charles Parish …
Gas groups beg congress for new regulation–not new tax
More than a hundred trade groups from New Mexico, Kansas and Texas to Pennsylvania warn against the fee Democrats want to use to pay for their $3.5 trillion spending plan will not only stir up the energy market but increase consumer bills across the country. Bloomberg reports the groups joined forces to write …
Watchdog to probe Interior Secretary’s marriage
Last month’s wedding of Interior Secretary Deb Haaland is under investigation by federal ethics watchdog Protect the Public’s Trust. PPT’s concern is that Haaland may have potentially violated federal ethics laws or guidelines by accepting improper gifts from “prohibited sources” reported Just the News. Click here for Just the News.
Crude oil slips again while Oklahoma energy stocks retreat
Crude oil prices dropped in Monday’s trading in response to Saudi Arabia’s sharp cuts to contract prices for Asia raised more concerns over the demand outlook. West Texas Intermediate crude dropped 40 cents at $68.89 a barrel while global benchmark, Brent Crude fell 39 cents to finish the day at $72.22 a barrel on …