** A new analysis of California records finds almost 1,000 deserted oil wells across the City of Los Angeles left for the state to clean up. ** The BLM says developers wanting to expand Wyoming’s Moneta Divide oilfield should “adopt and incorporate” United Nations human rights guidelines to protect vulnerable Indigenous women. ** FirstEnergy’s generation subsidiary paid nearly $2 million to a special …
Economist makes a case for increased energy dependence on natural gas
Environmentalists contend natural gas has a host of environmental problems even though its use grew to 37 percent of the nation’s electricity mix last year, replacing generation from coal. However, writing in the Washington Examiner, Stephen Moore, a finance and economics consultant with FreedomWorks tried to make a case for more energy dependence on …
ONEOK explores possible sale of bonds for fund-raising
ONEOK’s made a filing with the Securities and Exchange Commission for a prospectus on the sale of bonds. However, many of the details of such a proposed fund-raising sale were not included in the filing, only that the company is considering the sale of notes due in 2025, 2030 and 2050. Key details such as …
ConocoPhillips finalizes sales of assets in West Texas and Northern Colorado
ConocoPhillips announced Thursday the completion of two transactions to sell its Niobrara and Waddell Ranch assets to undisclosed buyers. The Niobrara assets are located in the southern Denver-Julesburg Basin. Full-year 2019 production associated with the Niobrara assets was 11 thousand barrels of oil equivalent per day (MBOED) The effective date of the transaction is …
How SandRidge Energy hopes to survive
As SandRidge Energy leaders deal with a fourth quarter net loss of $249 million or $7.01 a share and resulting downsizing of their workforce, they are still considering a merger with another company. It might be a way to survive in the bumpy world of oil and gas. It’s what John Suter, Interim President and …
Mid-Con Energy declares reverse stock split
Tulsa-based Mid-Con Energy Partners, LP announced it plans a reverse split on its stock. The Board of Directors approved a 1-for-10 reverse split effective after the close of markets on March 23, 2020. The announcement was made as Mid-Con Energy stock was trading at about 21 cents per unit. The reverse split will result in …
He’s running! Sen. Inhofe announced re-election bid
Oklahoma U.S. Senator Jim Inhofe figures that at age 85, he’s not ready to retire from politics or life in Washington, D.C. He’s announced he will seek re-election, telling The Oklahoman reporter Chris Casteel that the emergency heart surgery he had in 2013 gave him “a new lease on life.” “I put two new …
EPA administrator criticizes inspector general’s conclusions on former head Pruitt’s alleged abuses
Andrew Wheeler, administrator of the Environmental Protection Agency, left, and Scott Pruitt. (Drew Angerer/Getty Images, Andrew Harnik/AP) Environmental Protection Agency Administrator Andrew Wheeler, a former coal lobbyist, offered an unexpected defense of Scott Pruitt, the former Oklahoma Attorney General who resigned as EPA administrator amidst accusations of ethics violations. Wheeler faulted his own inspector general …
Renewable energy bills signed into law by New Mexico Governor
Gov. Michelle Lujan Grisham signed a slate of bills into law Tuesday afternoon aimed at expanding renewable energy and modernizing the state’s electricity infrastructure, including a bill that reinstates the solar tax credit that expired under the previous administration. SB 29, sponsored by Sen. Mimi Stewart, D-Albuquerque and Rep. Matthew McQueen, D-Galisteo, reinstates the solar tax …
SEC filings by Devon Energy executives
Filings were made this week by Devon Energy executives with the Securities Exchange Commission showing sales of stock, including more than $266,000 in shares by the company President David A. Hager. Hager’s form 4 filing showed he sold 16,345 Devon Energy shares at a value of $16.31 each, which led to a total sale …