Shares in Oklahoma City’s Chesapeake Energy dropped two straight days this week after the company admitted it might not survive if it were unable to file Chapter 11 bankruptcy. It caught the attention of The Street, the financial news website. Chesapeake Energy shares tumbled Tuesday after an analyst with CFRA slashed her price target on the …
Even a report of available storage space at the Cushing hub couldn’t keep U.S. oil prices from falling Wednesday. West Texas Intermediate crude was off 2% for June delivery on the New York Mercantile Exchange, falling by 49 cents to settle at $25.29 a barrel. It had been briefly higher earlier in the day …
The U.S. Environmental Protection Agencyannounced that the Oklahoma Corporation Commission will receive a Brownfields assessment grant for $300,000 with the money targeting old gas stations in Okeemah. The grant is part of $65.6 million given nationwide to assess and clean up contaminated properties under the agency’s Brownfields Program. Under President Trump’s Administration, EPA …
Green activists might be somewhat disappointed that the $3 trillion coronavirus crisis aid package designed by U.S. House Democrats didn’t include major climate change provisions. But Oklahoma Congresswoman Kendra Horn might be excited about it. Instead, the plan included money to help people avoid water shutoffs, environmental justice grants, money to help Native American tribes …
The American Petroleum Institute (API) and the Association of Oil Pipelines (AOPL) released the 2019 Pipeline Safety Excellence Performance Report and 2020-2022 Strategic Plan. The report details how liquid pipeline incidents impacting people or the environment have decreased 36 percent over the last 5 years, while pipeline mileage increased nearly 10 percent and barrels delivered …
Conservation groups sued Arch Coal this week over illegal pollution at the company’s West Elk coal mine in western Colorado. The mine is the single-largest industrial source of methane pollution in the state according to one of the groups that filed the lawsuit. The lawsuit, filed in U.S. District Court in Denver, asserts that Arch Coal …
The Bureau of Land Management is resorting to use of Zoom to hold a public meeting about a proposed nearly 2,500-acre solar farm in northern New Mexico. The Shiprock Solar Array, to be located near Aztec and four miles north of the San Juan Generating Station, would produce 372 megawatts of electricity and would …
The energy crisis caused by the COVID-19 pandemic is forcing Occidental Petroleum Corp, a major operator in the Permian Basin to offer its employees voluntary buyouts over the next two weeks. Reuters reports a company document cites the sharp decline in oil prices and the pandemic for what Occidental executives call “severe dislocations” in …
** The Trump administration says the oil industry is in a “transition to greatness,” but a new report indicates demand for oil could be flattened through the next decade because of the coronavirus pandemic. ** President Trump is now two seats short of a Republican majority on the Ninth U.S. Circuit Court of Appeals, a reliably pro-environment appellate court that has …
National Oilwell Varco is getting tough about its upcoming annual meeting and how the COVID-19 pandemic affects it. The company says everyone attending will answer questions about their travel and have their temperature taken and if they refuse, they won’t be allowed inside the meeting room. In a proxy statement filing with the Securities …