The Bureau of Land Management (BLM) New Mexico is announcing a two-week public comment period on the environmental analysis for its May 21, 2020 oil and gas lease sale. There are 102 parcels (46,365.76 acres) of Federal minerals proposed for lease. The parcels are located in Eddy, Lea, Rio Arriba and Chaves counties, New Mexico, …
The bankruptcy list of energy companies grew by one this week when Fort Worth-based Southland Royalty Company LLC filed Chapter 11 bankruptcy. The natural gas driller arranged for $35 million in new financing to pay for the court action while it seeks a buyer. Southland owes an estimated $540 million to lenders through a reserve-based …
State Representatives in Missouri voted this week to stop the more than $2 billion Grain Belt Express power line from being constructed across the northern part of the state. The House, in a 118-42 vote said “no” to a private company having the ability to use eminent domain to take land for the project that …
With success of at least two recent mother-daughter wells near El Reno, Camino Natural Resources LLC plans more drilling in the STACK. It obtained a drilling permit this week to drill the Geronimo 1207 #6-5MH well at the northwest edge of El Reno. The site is only a mile from the city and south of …
A delayed completion report shows Tulsa’s Triumph Energy Partners, LLC actually had six mother-daughter wells in Oklahoma’s STACK play with combined production of nearly 4,800 barrels of oil a day. OK Energy Today reported earlier this week that the company had four Copeland wells located in southeast Kingfisher County at 36 15N 8W or two …
NextEra Energy, the wind-farm company with operations throughout western Oklahoma reported a drop in fourth quarter 2019 earnings. Adjusted earnings for the quarter totaled $706 million, down from $718 million reported in the fourth quarter of 2018. The company has more than $5 billion in wind farm investments in Oklahoma and last year canceled two …
Aviation authorities’ grounding of nearly 400 Boeing 737 Max aircraft has had global ramifications. But a large part of the story remains local as the Tulsa World found out. At American Airlines’ Tech Ops-Tulsa, the carrier’s largest maintenance base, workers have for 10 months been babysitting more than $2 billion worth of the 737 Maxes. …
Oklahoma Congressman Markwayne Mullin joined others in his delegation in applauding the Trump administration’s repeal of the Waters of the U.S. rule. He called it the “old, harmful WOTUS rule” in responding to last week’s action by the Environmental Protection Agency and said the new rule “clearly defines a WOTUS” and “strikes the right balance …
** Oklahoma City’s Continental Resources, Inc. announced that its Board of Directors has declared a quarterly dividend of $0.05 per share on the Company’s outstanding common stock, payable on February 21, 2020 to stockholders of record on February 7, 2020. ** Tulsa-based ONEOK, Inc. will participate in investor meetings at the U.S. Capital Advisors Midstream Corporate Access Day …
Thanks to the people of Oklahoma Oil & Natural Gas, the Oklahoma Energy Resources Board (OERB) has now trained 17,000 teachers how to use their free energy curricula, providing millions of dollars of classroom supplies and equipment across the state. The group celebrated the milestone achievement at a workshop for more than 100 teachers at Cushing …