Two new directors appointed this week to Dallas-based IOG Resources, LLC also sit on boards of Oklahoma-based companies. James D. Bennett, former President and CEO of SandRidge Energy and Barbara M. Baumann, a current member of Devon Energy’s board were named to the energy investment firm. Bennett is also an independent member of …
EIA predicts March production in Permian will be a record high
The U.S. Energy Information Administration predicted this week that crude oil production in the Permian Basin of West Texas and southeast New Mexico will increase to a record 5.205 million barrels a day in March. The EIA expects oil output to increase 71,000 barrels a day. The Anadarko Basin, covering Oklahoma and the Texas …
Colorado’s largest oil and gas producer wants permission to drill closer than 2,000 feet from homes
A subsidiary of Occidental Petroleum wants exclusion from the state’s 2,000-foot buffer to drill 26 wells near 87 homes in Firestone. The state’s biggest operator, Occidental Petroleum, through its Colorado subsidiary Kerr-McGee, is seeking to drill 26 wells within 2,000 feet of 87 homes, with the closest residence 763 feet away reported the Colorado …
New Mexico legislature kills hydrogen hub bill
A bill to turn New Mexico into a clean hydrogen energy hub is apparently dead in the state’s legislature after environmentalists came out against the measure. The legislature’s House Speaker announced this week that the bill, considered one of the most contentious in the legislature this year, is dead reported the Santa Fe New …
OGE bond case received by Oklahoma Supreme Court
The Oklahoma Supreme Court has now officially received the $800 million bond securitization case involving Oklahoma Gas and Electric and the Oklahoma Development Finance Authority. A posting this week on the Supreme Court website indicated the case had been “assigned” to the court. No further details were offered in the posting. A Supreme Court …
Nebraska residents demand answers over contaminated for ethanol plant
Some legislators and environmental groups in Nebraska are demanding the state legislature investigate a former ethanol plant that left behind a stockpile of contaminated waste. At the heart of the issue is the AltEn plant near Mead which is now a stockpile of tens of thousands of tons of pesticide-laden waste reported the Lincoln …
Walgreens stores to be site of EV charging stations
Coming soon to a Walgreens near you….electric vehicle charging stations. While the company only says 500 Walgreens sites will soon get the stations courtesy of EV charging network Volta, it hasn’t identified which drugstores will get them. reported Engadget. Click here for Engadget
$1 million in fines issued by New Mexico against 2 energy firms
Energy companies Contango Oil & Gas Co. and Novo Oil & Gas Northern Delaware, LLC have been fined more than $1 million by the state of New Mexico for failing to comply with regulations. The state Oil Conservation Division issued the combined penalties reported the Santa Fe New Mexican. Click here for Santa Fe New …
Ethanol—not so green? Study claims
While the Biden administration has been supportive of more development of ethanol as a climate-change preventive fuel, a new study shows that corn-based ethanol is a bigger contributor to global warming than straight gasoline. The study was published in the Proceedings of the National Academy of Sciences and flies in the face of USDA …
Continental Resources reports 2021 had record results
Continental Resources announced Monday that 2021 delivered record cash flow generation for the Oklahoma City-based company. As a result, the company intends to devote more money into Oklahoma and North Dakota operations. The company had $1.66 billion in net income or $4.56 per diluted share and a record $3.97 billion cash flow from its …
