More records are being broken in Texas as the temperatures soar and demand for electricity grow n the latest lingering heat wave. Reuters reported ERCOT, the Electric Reliability Council of Texas stated the demand for power hit a record high for a second day in a row last Thursday. Click here for Reuters
Another $25 million in federal funding to clean up abandoned wells in New Mexico
New Mexico just received another $25 million in federal funding to clean up abandoned oil and gas wells in the state. The U.S. Department of Interior announced the funding as part of a total of $660 million in grants for the work in several states reported the Carlsbad Current-Argus. Click here for Carlsbad Current-Argus
Investors look for a brighter Monday after oil and OK energy stocks fell Friday
Crude oil prices dropped more than a dollar a barrel in trading on Friday and Oklahoma energy stocks fell as well, some as much as 6% for the day. The dollar strengthened and oil traders booked profits according to Reuters. West Texas Intermediate crude fell $1.47 or 1.9% per barrel to $75.42 on the New …
So you want to stop oil and gas production?
Stop oil and gas production as some environmentalists and many in the Biden administration want? The following is a list of the products that the nation would lose…products that all Americans cannot do without. More than 6,000 manufactured items come from oil and gas. Stop all oil and gas production and you wouldn’t have …
Earthquakes and oil production gain growing attention in the Permian Basin
Shaky ground in the Permian Basin. Those earthquakes linked to oil and gas exploration are getting more and more attention from not just residents and the oil and gas industry, but scientists too. Just as they did in Oklahoma several years ago. Click here for Carlsbad Current-Argus.
EPA makes $3 million settlement with Permian driller
The EPA’s $3 million settlement and fines against Callon Permian LLC for emissions from tanks, flares and other equipment in the Permian Basin is a done deal. The Environmental Protection Agency formally issued a Consent Agreement and Final Order against the Texas energy company after the EPA identified the violations by using a helicopter …
EPA rejects biofuel waivers requests from 15 small refineries
The requests of more than two dozen oil refineries to be exempt from US biofuel-blending requirements were rejected Friday by the Biden administration. It’s unknown who were the 15 unidentified small refineries that lost a decision by the Environmental Protection Agency. The refineries wanted the waivers from requirements to blend renewable fuels into gasoline …
Government wants to shut down oil production in 9 Texas counties over lizard
A fight is in the making over the U.S. Fish and Wildlife Service decision to declare the Dunes Sagebrush Lizard an endangered species in the Permian Basin. The Service wants to shut down production in nine counties of the Basin and boy, has it angered Texas Congressman August Pfluger, State Sen. Kevin Sparks, the …
Some wonder whether the Kansas Panasonic battery plant was worth it
Now some second thoughts are being raised in Panasonic’s decision to build its $4 billion electric vehicle battery plant in Kansas rather than Oklahoma. Remember the race between the two states several months ago and how disappointed Oklahoma leaders were when the company announced its decision to go with the incentives offered by …
US EIA: Without ERCOT Upgrades, Texas Wind and Solar Generation to be Curtailed
Although it is projected that Texas’ power market will double by 2035 largely due to renewable generation, it is likely that wind and solar generation will be increasingly curtailed without upgrades to the state’s transmission system. This forboding outcome is according to a recent analysis by the U.S. Energy Information Administration. The analysis explains that …