Crude oil futures and Oklahoma energy stocks walked hand in hand into the loss column in Monday’s trading. West Texas Intermediate crude for January delivery fell 19 cents or 0.4% in trading on the New York Mercantile Exchange and finally settled Monday at $45.34 a barrel. The slide came on the last day of …
A plan to create a $30 million program to help Wyoming oil and gas operators was launched in November and already the response has been high. The Casper Star-Tribune reported the project, using coronavirus relief funds will cover expenses of nearly 300 oil and gas projects and also create nearly 5,500 jobs over the …
Texas Congresswoman Lizzie Fletcher, the author of the Fossil Energy Research and Development Act of 2019 which expanded federal research into carbon capture will deliver a talk Tuesday at the University of Texas’s Energy Institute Symposium. The District 7 U.S. Representative will speak about congressional priorities for U.S. energy policy in the upcoming 117th Congress …
Northeast Oklahoma could see light snowfall this week following the arrival of cold air early Monday morning as temperatures dropped into the teens and mid 20s in some areas of the state. Northwest Arkansas could also receive snowfall according to the Oklahoma Mesonet State Climatologist Gary McManus explained it is all in the “timing.” …
With only four to five drilling rigs in operation, oil and gas drilling in Colorado has plunged to historic lows. Colorado Public Radio reports oil production for the period May to August was down 13% compared to the same time period a year earlier, making it the steepest four-month plunge for producers since 2001. Click …
** A rapid proliferation of solar farms puts Texas on a course that could see it eventually surpass California as the nation’s leader in solar capacity reported the Wall Street Journal. ** Enbridge sues the state of Michigan in federal court in hopes of stopping the Whitmer administration’s attempt to shut down Line 5 in the Straits of Mackinac. ** Candidates in …
The extreme drought in 2020 has prompted New Mexico regulators to force oil and gas operators to report the amount of water used in the drilling and completion of wells. Operators had previously been required to report how much water was injected into storage wells but not for well completions. Click here for story …
The city of Arlington, Texas forced the shutdown of a natural gas drilling site last week claiming the operators violated the city’s gas drilling ordinance through fracking rules violations. TEP Barnett was forced to stop drilling after an environmental group videotaped smoke coming from the well site which is near the Arlington municipal airport. …
A new wind farm owner in Iowa plans to spend nearly $45 million to repower 17 wind turbines as part of a major upgrade to the operation near Greeley. The Telegraph Herald reported the move was proposed by Greenbacker Renewable Energy Co. which is the new owner of the Elk Wind Farm. Click here …
U.S. shale oil producer, EOG Resources could be leading the way to increased gas drilling and production in the nation. Reuters reports higher natural gas futures prices for the coming new year and the continued glut of crude oil are prompting some shale companies like EOG to switch courses toward natural gas production. Click …