The National Helium Reserve located near Amarillo, Texas along with the natural gas fields in the Oklahoma Panhandle and near Hugoton, Kansas could become critical in a growing squeeze on the supply of helium. The squeeze brings in the country’s big tech companies that rely heavily on helium. It could come to a …
The U.S. Army Corps of Engineers repeated its stand this week that the Dakota Access oil pipeline should remain open while it carries out an extensive environmental review. The Corps’ stance is in direct opposition to the arguments of the Standing Rock Sioux and other Native American tribes that filed for an injunction …
ONE Gas, Inc. reported an increase in net income for the first quarter 2021 totaling $95.6 million or $1.79 per diluted share. The income compared to $91.7 million or $1.72 per diluted share for the first quarter of 2020. The company cited colder weather in the first quarter of 2021 when actual heating degree …
Two Texas energy companies swapped holdings of assets in the Bakken in a nearly $745 million deal. Diamondback Energy Corp. agreed Monday to sell some of the Bakken assets it acquired earlier in the year through a nearly $2.2 billion all-stock acquisition of QEP Resources. The buyer is Oasis Petroleum, a Houston-based firm that …
Crude oil prices bounced back in Monday’s trading and finished the day at nearly $65 a barrel in the US but European prices took a tumble. West Texas Intermediate crude for June delivery went up 91 cents to wrap up at $64.49 a barrel on the New York Mercantile Exchange. Global benchmark Brent …
Texas lawmakers want to make sure Electric Vehicle owners pay their fair share of highway improvements in the state. A bill is working its way through the legislature to create a special fee on EVs. A bill by House Transportation Committee chairman Terry Canales would impose a $100 yearly fee on EVs according to …
Montana is about to become the latest state to follow Oklahoma after it adopted tough criminal penalties in 2017 against environmental protesters who trespass on oil and gas properties in their protests of pipelines. The measure won approval in Montana’s House of Representatives and Senate where Republicans are in the majority. Sent to GOP …
More than a month after the Federal Energy Regulatory Commission heard the complaints of Oklahoma landowners about Cheniere Energy’s failure to complete land restoration following construction of its 200-mile Midship pipeline in Oklahoma, Congress wants to take a look at the controversy. The House Oversight and Reform Committee’s Subcommittee on Civil Rights and Civil …
** A top Senate Democrat, Tom Carper of Delaware is urging U.S. anti-pollution standards that would follow a deal brokered by California with five automakers and then set targets to end sales of new gasoline-powered vehicles by 2035, a goal that reaches farther than President Joe Biden’s climate plan. ** A Canadian corporation looking to open a …
A study of the more than 47,300 abandoned oil and gas wells in Arkansas, by Hendrix College in Conway says their nonuse is leaving billions of dollars on the table. The team of college professors and students found that nearly 80% of the state’s abandoned wells could provide benefits that triple the cost it …
