After a three-day rally, crude oil prices fell in Thursday’s trading, largely because of growing concerns over the increasing COVID-19 cases around the world but also because of worries about Mexico’s oil output that was interrupted by a deadly Gulf fire. The largest fall was by global benchmark Brent crude oil for October delivery which …
Denver oil and gas firm faces possible end to Colorado operations
After fining a Denver oil and gas company nearly $1.8 million for a series of environmental and regulatory violations, the Colorado Oil and Gas Conservation Commission will meet next month to decide whether to allow the firm to continue operations in the state. The hearing set for Sept. 20-21 will concern K.P. Kauffman Co. …
Governor creates New Mexico’s own “30 X 30” conservation plan
New Mexico Gov. Michelle Lujan Grisham extended her state’s conservation efforts this week by signing an executive order to conserve 30% of all lands in the state by 2030. The order, similar to the Biden administration’s “30 by 30” conservation plan will also expand New Mexico’s outdoor access and preserve natural resources. ““I believe …
Growth reported in Midwest manufacturing
A strong pace. It’s how the Federal Reserve Bank of Kansas City describes manufacturing activity in the Tenth District which includes Oklahoma. Chad Wilkerson, vice president and economist at the bank said the August Manufacturing Survey shows strong activity and expectations for future activity remained solid. “Regional factory activity growth remained positive in August,” …
Energy news took a sidetrack on Thursday
It’s kind of hard to get worked up about oil prices, rig activities and wind farms on a day when 11 U.S. Marines and a Navy medic were killed along with an estimated 60 Afghans in Afghanistan in suicide bombings. They were there to help evacuate thousands from Kabul who didn’t want to live …
Nebraska power district can’t pull plug on wind farm agreements
A two year old fight over the efforts of the Nebraska Public Power District to cancel power purchase agreements with four wind farms in the state led to a federal appeals court ruling against the District this week. The 8th Circuit Court of Appeals upheld a federal judge’s order that originally blocked the Power …
Wind farm fraud trial underway in Arkansas
A string of unpaid bills and broken promises. It was the testimony in the federal fraud trial of two men accused of deceiving investors in a wind farm they promised to build in northwest Arkansas. Their trial began this week in Fayetteville according to the Northwest Arkansas Democrat-Gazette. Click here for Democrat-Gazette.
SE Oklahoma earthquake rumblings result in suspended well operations
Just when Oklahoma thought it might have its earthquake challenges under control, the state has had to suspend operation of another disposal well thought to be connected to recent quakes. This time, the shaking is in southeast Oklahoma near the small town of Quinton in Pittsburg County. Historically, wells in northern Oklahoma were targeted …
Rig activity shoots up in Permian Basin but falls in Anadarko Basin
The number of rigs running in the U.S. rose by 13 in the last week to 587 as of Aug. 25, according to Enverus Rig Analytics. The count is up 3% on the month and up 115% since this time last year. The largest week-over-week changes occurred in the Permian Basin (plus nine to …
LSB Industries set to hold special shareholders meeting
A special stockholders meeting is planned for September by Oklahoma City-based LSB Industries, Inc. in which they’re asked to approve an exchange agreement with LSB Funding LLC, an affiliate of Eldridge Industries, LLC. LSB’s Board of Directors is recommending approval of the proposed exchange of shares held by Eldridge for shares of LSB common …
