Author's posts
Denver well drilling raises a money issue in Colorado
While Colorado prepares to vote in November on a proposed increase of the mandatory setback of oil and gas rigs from homes and businesses, the city of Denver finds itself in a quandry—of sorts. Several drilling companies have filed plans to drill south of the Denver International Airport and the eastern side of Aurora. Plans …
Feds reach deal to keep Rio Grande flowing in New Mexico
A $2 million lease to keep the Rio Grande river flowing through Albuquerque, New Mexico has been reached between federal water managers and a major utility. The lease was approved recently by the board of the Albuquerque Bernalillo County Water Utility Authority and will provide the U.S. Bureau of Reclamation with more water to preserve …
Pioneer Natural Resources to release earnings report
Dallas-based Pioneer Natural Resources Company, a firm that owns a gas processing plant and operates more than 700 wells in the Texas Panhandle plans to release its third quarter earnings report in November. The company said the release date will be Tuesday, Nov. 6 after the closing of trading on the New York Stock Exchange. …
Cheniere prices $1.1 billion in offering of senior notes
Houston’s Cheniere Energy Partners, L.P., the firm building a new 200-mile pipeline carrying gas out of Oklahma’s STACK and SCOOP plays has priced an offering of more than $1 billion in Senior notes. The company said the $1.1 billion in Senior Notes due 2026 will bear interest at a rate of 5.625% per annum and …
Oil and gas revenues helped set State revenue collection records
Oklahoma Treasurer Ken Miller released August gross receipts showing there was double-digit expansion in the past year. August receipts totaled $995.1 million, an increase of 13.1% from August 2017. Gross receipts in the past year totaled $12.4 billion, which was a 11.9 percent increase. Both totals are record highs. As for the gross production taxes …
Pruitt’s trip to Rome cost more than reported
Even after leaving office as Administrator of the EPA, Scott Pruitt continues to draw the ire of environmental groups. The latest is a report by the nonprofit Environmental Integrity Project which says documents about Pruitt’s June 2017 trip to Italy cost taxpayers a third more than previously reported. It had previously been reported that …
NextEra wind projects sold within the company
NextEra Energy Partners, the wind giant agreed this week to purchase eleven wind and solar projects, including those in Oklahoma from NextEra Energy Resources. It is a $1.275 billion purchase that includes $930 million in tax equity financing and $38 million in debt. The wind and solar assets include those in Oklahoma, Texas, Nevada, …
Tulsa’s Rebellion Energy Makes $100 million commitment to Powder River Basin
The Powder River Basin, where several Oklahoma energy companies have established a foothold in oil and gas exploration continues to get publicity over becoming the next big oil play in the U.S. Some of those Oklahoma firms, such as Rebellion Energy of Tulsa paid millions for acreage in Wyoming. One report indicated Rebellion plunked down …
Total unloads its share of a closed oil sands project
Sold in Canada….Total’s oil sands project that had been closed for the past four years because of low prices. The French oil giant unloaded the project in Albrta to a Canadian energy company for more than $170 million U.S. dollars. The buyer is Canadian natural Resources Limited. Before the operation was shut down in 2014, …
Helium prices climb in government’s most recent auction
The government’s recent helium auction held in Amarillo, Texas resulted in a 135% increase in prices bid during the auction. The average price at the auction held by the U.S. Bureau of Land Management was $279.95 per million standard cubic feet, up from last year’s average of $160.64. The BLM operates and maintains a helium …