Members of the Oklahoma Energy Producers Alliance applauded the recent signing of the Oklahoma Oil & Gas Lien Act into law by Gov. Kevin Stitt. They were on hand for the signing ceremony at State Capitol as Senate Bill 632 became law. “This is a huge legislative win for Oklahoma producers,” said OEPA Chairman …
Basic Energy Services Inc. of Fort Worth entered Chapter 11 bankruptcy this week while at the same time undertaking asset purchase agreements with Axis Energy Services Holdings, LLC, Berry Corporation and Select Energy Services, Inc. The deal will give Axis all of the company’s Well Servicing and Completion & Remedial segment assets outside of …
Environmental groups and others who fought the expansion of El Paso Electric’s power plant have reached agreement with the firm, an agreement that will prevent future construction in far southwest Texas. The agreement will temporarily block new fossil fuel power plant construction while pushing EPE toward a clean energy future stated the Sierra Club …
The world’s largest wind tower manufacturing plant located in Pueblo, Colorado is now in the hands of a South Korean company. CS wind officially took over the operation this week after it purchased the Pueblo plant from Denmark-based Vestas reported the Pueblo Chieftain. Click here for Chieftain story.
NextEra Energy Resources is unveiling plans for the largest wind farm to be built in Kansas and hopes to win approval in several months. The company has plans for the 600-megawatt High Banks Wind Energy Center to be located in Washington and Republic counties. Plans for the wind farm will be presented to county …
** The White House is facing mounting pressure from Democrats to yank federal permits for Line 3, the controversial oil pipeline under construction in Minnesota. Eight Democratic senators and nearly two dozen House members criticized the Biden administration for allowing pipeline giant Enbridge to continue building Line 3 across wetlands in a letter sent Monday that HuffPost viewed. ** Enbridge said …
Electric vehicle manufacturer Rivian Automotive is getting a $440 million tax incentive package to build a $5 billion factory in Fort Worth. The Fort Worth city council okayed the deal and the Fort Worth Star-Telegram reported that in return, Rivian will create 7,500 jobs by 2027. Click here for Star-Telegram.
They won’t be the dirigibles of old but air ships will soon be floating over New Mexico in the state’s attempts to monitor greenhouse gas emissions from the oil and gas fields that also filled the state government’s coffers. The airships will be provided beginning in 2022 by Sceye, a firm based in Roswell …
Another of the “green energy” plans of the Biden administration is being called “laughable.” It’s the proposal to get all airlines off of fossil fuels by 2050. The idea, which is likely going to be laughably impossible to implement at any point in the near future, is part of the White House’s plan to …
For the second consecutive trading session this week and the fourth in the past week, oil prices dropped in Tuesday’s trading falling about 1% in both the US and Europe. The slump also resulted in losses for many Oklahoma energy stocks. Analysts credited Tuesday’s slip to surging cases of coronavirus in Japan and a …