A federal court hearing is set for Wednesday in Washington as four Native American tribes press their case against the Dakota Access oil pipeline in North Dakota. U.S. District Judge James Boasberg has been asked by the Standing Rock, Cheyenne River,Yankton and Oglala Sioux tribes to challenge findings by the U.S. Army Corps of engineers …
In Colorado, oil and gas drilling operators might soon face stricter rules about drilling near schools. As the Denver Post recently reported, state regulators want to increase the mandatory buffer zone close to school properties. the proposal from the Colorado Oil and Gas Conservation Commission would require new wells to be at least 1,000 feet …
Chaparral Energy, Inc. of Oklahoma City announced this week its credit has been expanded from $400 million to $750 million. At the same time, bankers also reduced borrowing costs to the energy company. The borrowing base went from $265 to $325 million. Chaparral also said its new administrative agent is Royal Bank of Canada. The …
Another solar energy project is coming to north Texas. 7X Energy Inc. a solar developer based in Austin, Texas announced it is partnering with CoServe Electric to construct the project in Andrews County, about an hour from Midland. Construction is expected to begin in the first quarter of 2019 and during its peak will bring …
A new $43 million natural gas pipeline will be built in West Texas by the United Kingdom-based Wood Group PLC. The company won the contract for the 80-mile line from a yet-to-be identified midstream company. The steel pipeline company says it anticipates employing about 200 workers for the project. “This is a strategic pipeline for …
ConocoPhillips has come out with its 2019 capital expenditure budget and operating plan totaling $6.1 billion including expected share repurchases of $3 billion for the year. The company described the new cap-ex budget as “flat” compared to 2018. In an announcement from its Houston, Texas headquarters, the company stated that it also expects 2019 production …
A tax fight in Arkansas by the Southwestern Energy Co. of Houston is leaving some school districts in the lurch. As Bloomberg News reported recently, a school district in Pangburn, Arkansas is feeling the strain as the $2.7 billion utility disputes its local tax bills. Southwestern Energy has reportedly filed lawsuits in six Arkansas …
Two subcommittees of the U.S. House Energy and Commerce Committee have scheduled hearings for this week. Oklahoma congressman Markwayne Mullin and others on the Subcommittee on Energy will hold a hearing Wednesday, Dec. 12 on “Public Private Partnerships for Federal Energy Management.” It will begin at 10:15 a.m. eastern time. Historically, the federal government has …
Drivers in Oklahoma’s major metro areas are seeing a continued drop in gasoline prices as they pull up to the pumps. GasBuddy reports prices have dropped about a penny a gallon in the past week in Oklahoma City where the new average is $1.96. The report is a result of GasBuddy’s daily survey of 669 …
Another small earthquake has been reported in southern Oklahoma while two more occurred over the weekend in the northern part of the state. They are the latest to be monitored closely by the Oklahoma Corporation Commission as state regulators attempt to control activity linked by scientists to wastewater well disposal operations. The southern quake measured …