One of the companies under new leadership and with a correction in its financial course for 2020 is Oklahoma City’s SandRidge Energy, Inc. Last month, it announced a series of actions it said were “designed to improve shareholder value.” SandRidge not only re-evaluated a minimal 2020 capex plan to maximize free cash flow, but the …
** —ExxonMobil said it has secured more than 1.7 million acres for exploration offshore Egypt. The acquisition includes acreage in the 1.2 million North Marakia Offshore block, which is located approximately five miles offshore Egypt’s northern coast in the Herodotus basin. The remaining 543,000 acres is in the North East El Amriya Offshore block in the Nile …
Two of the 15 people injured in a Friday explosion at Textron Aviation in Wichita remain hospitalized. Both are listed in serious condition. Sedgwick County fire investigators blamed a rupture of a three-inch liquid nitrogen line on the explosion in a building that houses composite manufacturing and experimental aircraft fabrication. The nitrogen is used in …
From the record amount of tornadoes in Oklahoma—even some in late December to the highest temperatures and the most rainfall—they all were recorded in 2019 by the Oklahoma Mesonet. State Climatologist Gary McManus noted in Monday’s Mesonet report that the number of tornadoes increased by one on December 28 in eastern Oklahoma, reaching a year’s …
As New Mexico begins exploring regulatory ways to reduce methane emissions from the state’s oil and gas industry, an advisory panel has released a report explaining how those emissions are produced. It also offers suggestions how the state might be able to curb pollution from the industry. The 300-page report was released this month, …
Declines in oil production in the Permian Basin of West Texas and southeast New Mexico are predicted in 2020. A new report from IHS Markit also indicated that newer, unconventional wells are exhibiting faster production declines. The analysis by IHS Markit involved more than 150,000 producing oil wells across the basin, according to the Carlsbad …
SUBSCRIBE Since launching construction on its $2 billion, 430-mile long Permian Highway Pipeline in the summer, Kinder Morgan reports significant progress. More than 50 percent of the initial 100-mile route from Pecos County, Texas east has been finished. Kinder Morgan is building the line along with EagleClaw Midstream and Altus Midstream Processing. It is …
Governors of New Mexico and Colorado are seen as among new Democratic state leaders who are pushing for more green climate efforts. Their efforts have caught the attention of supportive environmentalists who claimed New Mexico had seen no clean energy movements over the previous 8 years of Republican administrations. New Mexico Gov. Michelle Lujan …
New Year’s week sees only a slight chance of moisture in northern Oklahoma and state forestry officials believe wildfire chances are not high. The latest wildfire update from the Oklahoma Forestry Department indicated drying conditions will continue Tuesday but winds will be light, thus limiting the opportunity for fire spread potential. “Wednesday into Thursday: Warmer …
The New Year 2020 is likely to bring another rate hike in Oklahoma phone bills to pay for the state’s Universal Service Fund, despite criticism and opposition by two Oklahoma Corporation Commissioners. If approved by the commission, it means the monthly service fee on most Oklahoma’s phone bills will go up about 3%. The increase …