lack Hills Corp. (NYSE: BKH) announced today that its board of directors declared a quarterly dividend during a meeting held on October 28, 2024. Common shareholders on record as of the close of business on November 18, 2024, will receive a dividend of $0.65 per share, payable on December 1, 2024. Additionally, the company confirmed Read More…
(The Center Square) – Tens of millions of federal tax dollars are coming to Illinois to further support Rockford’s electric grid. During an event in front of a banner saying “Biden-Harris Administration; Investing in America,” Gov. J.B. Pritzker announced the $50 million in federal tax funds coming to the community to help achieve his “ambitious Read More…
Governor Greg Gianforte joined community leaders today to announce a $700 million investment aimed at enhancing affordable and reliable energy in Montana through the North Plains Connector Interregional Innovation project. This initiative will establish the first high-voltage transmission line connecting Montana’s eastern and western power grids. “Access to affordable and reliable energy is a top Read More…
(The Center Square) – Short on the heels of another major refinery closure, Valero signaled it is considering closing its two California refineries that produce over 14% of the state’s gasoline. Refinery closures already have the state importing 8% of its gasoline supply, which means the state could soon have to significantly increase its imports Read More…
The North Dakota Department of Commerce announced today that 10 businesses have been approved for a combined total of $6,628,000 in loans through the North Dakota Development Fund, Inc. (NDDF). The funding aims to drive economic growth, create jobs, and address critical community needs across the state. “The NDDF is dedicated to fostering growth by Read More…
lack Hills Corp. (NYSE: BKH) announced today that its board of directors declared a quarterly dividend during a meeting held on October 28, 2024. Common shareholders on record as of the close of business on November 18, 2024, will receive a dividend of $0.65 per share, payable on December 1, 2024. Additionally, the company confirmed Read More…
(The Center Square) – Tens of millions of federal tax dollars are coming to Illinois to further support Rockford’s electric grid. During an event in front of a banner saying “Biden-Harris Administration; Investing in America,” Gov. J.B. Pritzker announced the $50 million in federal tax funds coming to the community to help achieve his “ambitious Read More…
Governor Greg Gianforte joined community leaders today to announce a $700 million investment aimed at enhancing affordable and reliable energy in Montana through the North Plains Connector Interregional Innovation project. This initiative will establish the first high-voltage transmission line connecting Montana’s eastern and western power grids. “Access to affordable and reliable energy is a top Read More…
(The Center Square) – Short on the heels of another major refinery closure, Valero signaled it is considering closing its two California refineries that produce over 14% of the state’s gasoline. Refinery closures already have the state importing 8% of its gasoline supply, which means the state could soon have to significantly increase its imports Read More…
In July, GTUIT was awarded two significant patents that enhance its gas processing capabilities. The first patent, 12,025,373, titled “System and Method for Treating Associated Gas,” is central to GTUIT’s innovative technology. It features a liquid chiller designed to maintain a stable thermal reservoir, allowing for consistent treatment of associated gas, even amid rapid fluctuations Read More…
NorthWestern Energy has formally requested approval from Montana regulators to raise rates for its electric and natural gas customers, marking its first rate adjustment petition since its last review two years ago. NorthWestern Energy submitted its proposal to the Montana Public Service Commission (PSC) for an interim rate increase. The initial request outlines a $2 Read More…
Governor Greg Gianforte recently attended the reopening ceremony of Big Sky Decon in Belgrade, highlighting Montana’s resilient economy and the ingenuity of its entrepreneurs. “Montana’s economy continues to thrive despite challenges like inflation and workforce pressures resulting from policies at the federal level,” Governor Gianforte remarked. “I was pleased to visit Big Sky Decon in Read More…
(The Center Square) – Vermont is the first state to enact a law requiring the fossil fuel industry to pay for “climate change cost recovery.” The bill became law without Republican Gov. Philip Scott signing it. In a May 30 letter to the Vermont General Assembly, he explained why. “Vermont – one of the least Read More…
(The Center Square) – A federal judge handed a win to oil and natural gas companies operating in western states by upholding the first lease sales of the Biden administration on federal land in western states. After the Bureau of Land Management conducted an extensive environmental assessment, it authorized lease sales on federal land in Read More…
(The Center Square) – Summit Carbon Solutions will get another chance at a carbon pipeline in North Dakota after a ruling by the state’s public service commission. State rules supersede local zoning ordinances based on changes made in 2019, said Randy Christmann, chairman of the North Dakota Public Service Commission. “I know it may not Read More…
(The Center Square) — Pennsylvania’s influence on national and global energy markets has grown in recent decades, but oil and natural gas advocates warn that could change. The American Petroleum Institute’s annual State of American Energy address focused on production, national security, and improving infrastructure. “We produce more energy than any country in the world,” Read More…
(The Center Square) – Federal policies must focus on strengthening American energy independence, the American Petroleum Institute emphasized Wednesday at its annual State of the American Energy conference. API CEO Mike Sommers and Senior Vice President of Policy, Economics and Regulatory Affairs Dustin Meyer blasted the Biden administration over what they called its “short-sighted” energy Read More…
Reactions to a new documentary on how the federal government and environmental groups deny that offshore wind is killing whales reflects a problem some residents in Wyoming say is happening with wind projects in the Cowboy State. “Many wanted to believe we could consume more and more energy, and renewable energy was all green. Nothing Read More…
Oklahoma’s treasurer announced that the state will stop doing business with more than a dozen financial firms over accusations that they “boycott” the energy industry. Oklahoma Treasurer Todd Russ revealed the list of blacklisted firms on Wednesday and emphasized that they will end up losing access to billions of dollars from government entities as a result of the judgment. The Read More…
One of my 2023 energy predictions was “Total U.S. oil production will again rise, and set a new annual production record.” The previous annual record was set in 2019 at 12.3 million barrels per day (bpd). By the end of 2022 monthly production was just about back to that level following the devastating impact from Covid-19 in Read More…
The Supreme Court on Monday allowed lawsuits brought by municipalities seeking to hold energy companies accountable for climate change to move forward in a loss for business interests. The court turned away oil company appeals in five cases involving claims brought by cities and municipalities in Colorado, Maryland, California, Hawaii and Rhode Island as part of efforts to Read More…
At a Sept. 14 Kalispell Chamber of Commerce, Convention and Visitor Bureau luncheon at the Hilton Garden Inn, Gov. Greg Gianforte promoted Montana as a competitive business state while emphasizing its economic resiliency during the pandemic. Gianforte spoke following a visit with GL Solutions, a software company that recently relocated to Kalispell from Bend, Oregon, Read More…
North Dakota witnessed a 5 percent drop in its oil and gas production this past July, the result of a series of outages at five natural gas plants in the state. Natural gas processing plants at Bear Creek, Lonesome Creek, Robinson Lake, Tioga, and Watford City were offline during various times in July, due to Read More…
A hydrogen hub is on the horizon for the Bakken, in about half the time it usually takes, according to a release from Bakken Energy. The infrastructure development company announced Monday, Aug. 16 that an agreement has been reached with Basin Electric Cooperative to purchase the assets of the Dakota Gasification Company, which owns Read More…
For the first time since the pandemic began, Montana’s oil industry is seeing renewed activity. In August, two drillling rigs set up shop in eastern Montana. Both are horizontal rigs targeting oil production for Kraken Oil & Gas. It’s been more than 16 months since Montana reported any oil rig activity along the western edge Read More…
Contango Oil & Gas will purchase all Wyoming natural gas assets owned by ConocoPhillips, the company revealed Thursday. The acquisition comes as ConocoPhillips moves to sell off some of its oil and gas assets and Contango looks to continue expanding its operations in Wyoming. The $67 million deal will transfer approximately 446 billion cubic feet Read More…
Efforts to defend Duke Energy from a proxy campaign led by billionaire Paul Singer have recently taken two quiet steps backwards. Last month, Singer’s hedge fund Elliott Management urged the utility to split its $78 billion electric-and-gas empire into three companies — an unusual proposal in an era of consolidation that a few analysts variously Read More…
Texas’ main power grid struggled to keep up with the demand for electricity Tuesday, prompting the operator to ask Texans to conserve power nearly two months after catastrophic power outages left millions without electricity for days. The Electric Reliability Council of Texas said it does not expect customer power outages like those caused in February’s Read More…
It wasn’t the first time a Montana coal mine had gone bankrupt, but Decker Coal’s reason for calling it quits had never been stated so plainly. There are no longer customers lined up at Decker’s door for Montana coal. Detroit-based energy company DTE no longer needed the 2.5 million tons of coal it Read More…
Reeling from the effects of the pandemic, the oil industry is in no mood to fool around. When newly inaugurated President Joe Biden canceled the Keystone XL pipeline project, refiners on the Gulf Coast shuddered. How would they get the Canadian oil they needed? But when President Biden paused all oil and gas permitting on federal lands Read More…
Wyoming Gov. Mark Gordon is pushing to build up the state’s economic recovery through proposals and initiatives that he said would add value to the agriculture, tourism, and energy sectors. Taking an “all the above” approach, Gordon said he would seek to further bolster Wyoming’s energy and mining sectors. The governor supports bills allowing severance Read More…
A group of companies involved in the exploration and production of oil and natural gas, is challenging President Biden’s executive order that would stop future land leases for those businesses. The Western Energy Alliance (WEA) filed a complaint against the Biden Administration in U.S. District Court in Cheyenne, Wyoming on Wednesday. The suit names the President, Acting Read More…
Wind farms and massive arrays of solar panels are cropping up across public and private landscapes both in the United States and abroad as users increasingly turn to “green energy” as their preferred flavor of electricity. President Joe Biden, in fact, has directed the Interior Department to identify suitable places to host 20 gigawatts of Read More…
CHEYENNE, Wyo. (AP) — U.S. officials have approved a 5,000-well oil and gas project spread across more than 2,300 square miles in eastern Wyoming. Five major oil and gas companies proposed the development between Glenrock and Douglas that has stirred concern over its massive size and plans to drill year-round. Wednesday’s approval from the Bureau Read More…
North Dakota’s oil output soared 14% in August as more wells shut down earlier in the spring because of the coronavirus crisis came back online. “It is nice to note that we are back on the road again to healthy production,” Lynn Helms, director of North Dakota’s Mineral Resources Department, told reporters Friday. Still, Helms Read More…
Oil production from the Bakken oil fields of North Dakota fell to a 7-year low of 827,000 barrels per day in May (Figure 1). That is a drop of almost 550,000 barrels per day (-40%) since March. Most of the decrease in output is because more than 2,800 wells were shut in over the last Read More…
Warren Buffett’s Berkshire Hathaway is finally pulling the trigger. The conglomerate is spending $4 billion to buy the natural gas transmission and storage assets of Dominion Energy. Including the assumption of debt, the deal totals almost $10 billion. It’s Berkshire’s first major purchase since the coronavirus pandemic and subsequent market collapse in March. At his annual Read More…
The debate over how to dispose of the Bakken’s radioactive oilfield waste has prompted a small group of lawmakers from North Dakota and Montana to start collaborating. The conversations come as Montana prepares to enact a formal rule capping the radiation level of oilfield waste disposed of at landfills in the state. Much of the Read More…
Amidst widespread coal layoffs throughout the Powder River Basin in recent months and an industry rocked by plummeting prices and decreased demand, Decker Mine reverses course, offering a but of good news for the future of western coal. After laying off nearly 30% of its workforce earlier this month, all 98 furloughed Decker Coal Company Read More…
A top financial ratings service has listed western Wyoming gas drillers Ultra Resources and Jonah Energy among issuers of “top bonds of concern” whose securities could face “imminent” default. Fitch Ratings named the two companies that operate in the Pinedale Anticline, Jonah Field and Normally Pressured Lance, or NPL Field in an April 13 report Read More…
A federal judge in Montana has thrown out a key permit needed for a developer to complete the Keystone XL pipeline. U.S. District Judge Brian Morris of Great Falls ruled Wednesday that the U.S. Army Corps of Engineers improperly granted a permit to developer TC Energy to cross waterways to build the pipeline. The order Read More…
Residential electric rates for one of Montana’s largest rural cooperatives compare well to NorthWestern Energy, when measured at the co-op customers’ average usage, says the co-op’s CEO. “We compete very well, actually,” Yellowstone Valley Electric Co-op CEO Brandon Wittman told MTN News. “So, is it fair to compare? It is, at the correct usage.” In Read More…
TC Energy is moving ahead with plans to construct the Keystone XL pipeline, and it’s getting ready to make a few Montana moves. Terry Cunha, a spokesman for TC Energy, told the Herald on Tuesday that Keystone XL has reached several key milestones. That prompted the company to file a status report with the Read More…
For the past 18 consecutive months, the U.S. has led the world’s crude oil production. It surpassed Russia and Saudi Arabia in June and August of 2018. One year later, the U.S. surpassed its own production record by 14.6 percent. The U.S. leading crude oil production for the first time since 1973 “demonstrates how the Read More…