Unexpected flaring at the Mandan Refinery in North Dakota lit up the Sunday night sky, the apparent result of the temporary loss of cooling water from the nearby Missouri River. Mandan is a city across the river from Bismarck. The Bismarck Tribune reports the incident might have been caused by an electrical issue or …
Continental to use $1.6 billion senior note offering to pay for Permian Basin acquisition
A week after announcing its $3.25 billion acquisition of more Permian Basin assets, Continental Resources announced an offering of $1.6 billion in senior notes in a move to help pay for the purchase. The company said the pricing involved $800 million of 2.268% senior notes due 2026 and $800 million of 2.875% senior notes …
Transmission line route fought by some NE Oklahomans
The final route for the $100 million Sooner-Wekiwa transmission line proposed by Transource Energy in northeast Oklahoma was recently revealed and some residents are putting up a fight. Transource is a partnership between Ohio-based AEP and Evergy and received approval by the Southwest Power Pool for the 76-mile line reported the Sand Springs Leader. …
Largest gas supplier in Arkansas expects 42% higher winter bills
Arkansas customers of CenterPoint Energy are being told they can expect the average residential bill this winter will increase by 42%. The company is the largest provider of natural gas in Arkansas and said the average bill will go from $92 a month to $131. CenterPoint has nearly 400,000 residential and commercial customers in …
Wednesday energy news headlines
** U.S. Environmental Protection Agency (EPA) Assistant Administrator for Water Radhika Fox announced the decision to move forward with environmental review of a suite of water infrastructure projects that, pending final selection, would address transborder water pollution. This action will lead to essential public health protections for San Diego County communities and stop Mexico’s pollution of …
Lankford pushes digital trade—do it now
Oklahoma U.S. Senator James Lankford joined all Senate Finance Republicans in a letter to President Biden requesting that the Administration begin digital trade negotiations with U.S. allies and partners in Asia. “[D]uring your Administration, the United States continues to sit on the sideline,” the Senators wrote. “Our refusal to get into the game to …
Oil and gas regulators dial back rules that keep industry from sticking Colorado with bill for orphan wells
Colorado regulators apparently have eased off proposed rules to protect the state from abandoned oil and gas wells. Reports indicate the Colorado Oil and Gas Conservation Commission has released a revised plan that is welcomed by the oil and gas industry but certainly not by environmentalists. The commission’s new proposed rule no longer includes …
Phillips 66 announces refinery change
Phillips 66 says it’s converting its Alliance Refinery in Belle Chasse, Louisiana into a terminal facility in the coming year after the operation suffered more than $1 billion damage from a recent hurricane. As a result, some 900 jobs are in jeopardy. Damage from Hurricane Ida, and the cost to fix it, has led …
Industrial conglomerate pioneer GE to break up
General Electric announced it is splitting into three public companies in a move to simplify its business, cut debt and perhaps get new life into a struggling share price. The company was known for its 2016 opening of the GE Global Research Center in Oklahoma City. Two years later after GE acquired Baker Hughes …
New Mexico’s Eddy County to aid West Texas emergency calls in Permian Basin
With the help of a $65,000 donation from Chevron and assistance from Cimarex Energy, Eddy County, New Mexico says it will respond to Permian Basin emergencies on the Texas side of the state line. The two energy companies took the action with hopes of boosting emergency response in West Texas counties near Carlsbad through …
