Plugging and cleaning up the open oil and gas wells in Texas could cost companies and taxpayers as much as $117 billion, according to a new report. Carbon Tracker, a nonprofit financial think tank that studies the effects of climate change on financial markets, estimates there are some 3.8 million unplugged oil and gas wells nationally, …
The Oklahoma Water Resources Board plans a third and final part of its webinar series on the agency’s ongoing work to revise the total phosphorous criterion for the protection of the aesthetics of the Illinois River Watershed. The third presentation will again inform stakeholders and others of the ongoing work by the OWRB staff …
The Environmental Protection Agency has approved Oklahoma Gov. Kevin Stitt’s summer-time request to activate an Oklahoma-specific provision in the 2005 federal highway bill giving state agencies “primacy” on environmental regulations in Indian Country. The governor made his request in July following the U.S. Supreme Court ruling that established much of the state to still …
A Texas judge acquitted the U.S. arm of French chemical maker Arkema SA and a top executive of criminal recklessness stemming from a 2017 blaze that injured 21 people, according to Reuters. The verdict, rendered Thursday, ends all charges against Arkema and its managers. The company’s Crosby, Texas, plant became waterlogged and lost power needed …
NASA Administrator Jim Bridenstine testified about NASA missions, programs and future plans before the Senate Commerce, Science and Transportation Committee on Wednesday in Washington, D.C. NASA is seeking more than $7 billion in additional funding during the current fiscal year and nearly $28 billion over the next four years. “If we get to February of …
Oil futures took a beating in Thursday’s trading and so did energy stocks of Oklahoma companies and those that do operations in the state. Alliance Resource Partners was unchanged at $2.77 per share while Blueknight Energy Partners dropped 10% or 15 cents to settle at $1.39. Chesapeake Energy suffered a more than 3% drop …
Oil futures were sharply lower Thursday, with prices logging their lowest settlement since mid-September, as worries about rising cases of COVID-19 worldwide fed expectations for a slowdown in energy demand. West Texas Intermediate crude for November delivery dropped $1.50, or 3.7%, to settle at $38.72 a barrel on the New York Mercantile Exchange, following a …
NextEra Energy is acquiring GridLiance in a $660 million deal announced this week, one involving some Oklahoma operations. The actual purchase is made by NextEra Energy Transmission, LLC, a subsidiary of Next Era Energy, Inc., a large wind farm operator in Oklahoma. Based in Dallas, GridLiance operates more than 700 miles of transmission lines …
After talking to nearly 50 educators from all across the state, the OERB announced it is partnering with Oklahoma teachers through Operation Engagement to provide high-quality, relevant training for 2020. These two-hour virtual workshops provide the tools they need to keep students engaged, in person or virtually, during this tough school year. This is the only …
U.S. pipeline companies are sweetening terms in a competition to keep producers using their lines as the industry downturn caused by the coronavirus pandemic means there is less oil to transport. Tulsa-based Magellan is one of them. The pandemic has ended a boom in U.S. shale production which had prompted a rapid expansion in …