Environmental groups have gone to court to block the Biden administration after it approved oil leases in northwest New Mexico, a site of historic Native American sites. The lawsuit was filed against the Bureau of Land Management and U.S. Interior Secretary Deb Haaland. It contends the federal government is reneging its promise after approval …
NASA discovers massive methane plume over Permian Basin
Using its satellite capability, NASA says it has located at least 50 so-called “ methane super-emitters” worldwide, including a two-mile long plume associated with Permian Basin oil and gas infrastructure. The plume in the Permian was discovered through the NASA mission called EMIT or Earth Surface Mineral Dust Source Investigation reported the Jet Propulsion Laboratory. The …
OKC offers assistance program in paying water bills
Oklahoma City Utilities customers who need help paying a water or wastewater bill may now turn to Oklahoma Human Services for help. Customers who need assistance may apply through the agency’s website at OKDHSLive.org. The City of Oklahoma City partnered with Oklahoma Human Services to provide bill pay assistance for eligible customer households as part …
Water fight ends in favor of OKC home developer
Oklahoma City developer Garrett and Company came away with a Denver Federal Appeals Court ruling in its legal fight with the Deer Creek Water Corp. The 10th U.S. Circuit Court of Appeals upheld a 2021 lower court ruling that agreed with the developer, the conditions to get water service from Deer Creek were “unreasonable, …
Crude oil prices rose on Thursday while OK energy stocks dropped
Crude oil prices rose more than $1 a barrel in Thursday’s trading as investors eased their concerns about a U.S. recession and showed optimism because of record U.S. crude exports. The U.S. benchmark, West Texas Intermediate crude for December delivery gained $1.17 or 1.3% to settle at $89.08 a barrel on the New York …
Rig growth reported in Anadarko Basin and rest of US
The latest rig report by Enverus Foundations showed an increase in rig activity in the Anadarko Basin. The report showed a gain of three rigs in the past week to a total of 83. Nationwide, Enverus reported the U.S. rig count rose by 11 in the last week to a total of 894 as …
GOP House Committee members launch probe of Biden’s oil sales
President Biden’s growing use of selling oil from the nation’s Strategic Petroleum Reserve has been blasted by Oklahoma’s congressional delegation but now Republicans on the House Committee on Oversight and Reform have launched their own investigation into what they call “potential misuse” by President Biden of the Strategic Petroleum Reserve. They’re not waiting to see …
Fort Collins, Colorado considers oil and gas drilling ban
The City of Fort Collins, Colorado is considering new oil and gas drilling restrictions that would put the city off limits to exploration. Current regulations left about 3% of city land available to drilling but proposed changes presented this week to city council members reduced it to 0% according to the Coloradoan. Click here …
World’s largest carbon capture plant to be built in Permian Basin
Reports indicate Occidental Petroleum and a Canadian startup are planning to build the world’s largest carbon capture plant in the Permian Basin. Occidental and Carbon Engineering Ltd. say they are working on a site in the Basin for a plan that will draw down 500,000 tons of carbon dioxide a year. Occidental CEO Vicki …
Investor’s day at Phillips 66
Phillips 66 is planning an “investor day” next month. It’ll be held in New York City on Nov. 9 of this year. Executive management will provide an update on the company’s strategic initiatives starting at 7:30 a.m. central time. The company also plans to offer a live webcast of the meeting, available at its …