Author's posts
Alliance Resource sees 1Q drop in earnings compared to record-setting 4Q results
Alliance Resource Partners L.P. reported a first quarter revenue of $662.9 million which was a 43% increase compared to a year ago. The Tulsa-based company, considered one of the largest coal mining operations in the eastern half of the U.S., showed net income of $191.2 million or $1.45 per unit which was a whopping …
Mammoth Energy slugs it out with FEMA over unpaid Puerto Rico work
FEMA is fighting Mammoth Energy’s efforts to be paid the $379 million it says the government owes over the company’s power restoration work following the 2017 Hurricane Maria which devastated Puerto Rico. In an SEC filing this week, Mammoth provided an update on its battle with the government over the lack of payments. The …
ONE Gas reports increased 1Q net income
ONE Gas, Inc. reported its first quarter 2023 net income totaled $102.6 million or $1.84 per diluted share. It was an increase over the first quarter 2022 net income of $98.9 million or $1.83 per share. ONE Gas reported operating income of $149.2 million in the first quarter 2023, compared with $140.8 million in …
Environmental cases listed in New Mexico’s Enforcement Watch
The New Mexico Environment Department announces its inaugural monthly Enforcement Watch. The Enforcement Watch website is a listing of all active and resolved enforcement cases. Active cases involve an alleged violation of a regulation, rule, permit, license, etc. Resolved cases are those that were adjudicated in court of law or administratively resolved. The Enforcement Watch …
Quick energy reads
** The Supreme Court on Monday agreed to hear a case that could roll back the Chevron doctrine, which gave more power to federal agencies. Their ruling could have major implications for environmental regulations going forward. ** On Wednesday the Senate Environment and Public Works Committee will hold a hearing on permitting reform. ** On Thursday Interior Secretary Deb Haaland is expected …
EV owners in Texas could pay $200 annual highway fee
Texas legislators proposed a $200 annual fee to be paid by EV owners to cover their share of highway costs. The bill already was approved in the House. The fee would be in addition to a vehicle’s existing registration fees reported Jalopnik. Click here for Jalopnik
Sen. Manchin files energy permitting bill
West Virginia U.S. Sen. Joe Manchin took yet another step in his widening distance from the Biden administration, but introducing a bill to speed permitting of fossil fuel and renewable energy projects. The Democrat filed the Building American Energy Security Act which creates a two-year limit on environmental reviews of major federal energy projects. …
Completion reports for May 1, 2023
STEPHENS COUNTY Citation Oil & Gas Corp 34 1N 5W Prairiedale 5-34-27xhw, February 02, 2023 HH, TA, TD: 15388 ft Lat: 34.50786, Long: -97.71744 API: 35137276590001
Permits to drill for May 1, 2023
Blaine County NELSON #1-33-28MHX, May 01 2023 33 19N 12W SESWSWSW API: 01124360 Lat: 36.07253662461789, Long: -98.49274236112561 CRAWLEY PETROLEUM CORPORATION HH, DR, 19100 ft, MISSISSIPPIAN(9200) Mcclain County RIVA RIDGE 28X33-9-4 #3HC, April 28 2023 21 9N 4W SWSESESW API: 08722430 Lat: 35.233547723343875, Long: -97.62844585324953 FOURPOINT ENERGY LLC MU, AM, 20310 ft, WOODFORD(9130) Mcclain County RIVA RIDGE 28X33-9-4 …
Enverus shows a slide in national oil and gas rig activity
The most recent Enverus rig count echoed a Baker Hughes Co. report showing a decline in rig activity in Oklahoma and across the nation. The U.S. rig count had its high point at 812 during the week ended April 26, falling by three rigs from the previous week’s peak, according to Enverus Foundations data. …