Bloom Energy Corp. is scheduled to join the S&P 500 before Monday’s market open as part of the index’s quarterly rebalance, a shift that could trigger substantial buying from the passive funds that track the benchmark. Inclusion in the S&P 500 typically forces index funds and exchange-traded funds that mirror the benchmark to purchase shares Read More…
Most North Dakotans will never set foot on a drilling rig or analyze rocks from thousands of feet beneath the surface of the Bakken Formation, but nearly everyone in the state has benefited from what lies below. For more than two decades, the Bakken Formation in western North Dakota has helped fuel North Dakota’s economy, generating more than $35 billion in tax revenue Read More…
(The Center Square) – U.S. LNG exports hit record-high 11.7 million metric tons in March as new plants in Texas ramped up production while supply disruptions caused by the war in the Middle East drove global gas prices sharply higher, according to preliminary LSEG data. Asian benchmark LNG prices spiked above $22 per million Btu Read More…
While Wall Street has been gripped by a broad selloff in 2026, one corner of the market has been quietly — and in some cases loudly — thriving. Energy stocks have emerged as the standout performers of the year, riding a wave of elevated oil prices, geopolitical tension, and a flight to safety that has Read More…
PROGRAMMING NOTE: POLITICOs Morning Energy will not publish on Thursday, Nov. 28, and Friday, Nov. 29. We’ll be back on our normal schedule on Monday, Dec. 2. Editor’s Note: This edition of Morning Energy is published weekdays at 10 a.m. POLITICO Pro Energy subscribers hold exclusive early access to the newsletter each morning at 6 Read More…
Markey unveils global climate bill — Plan to limit coverage of grid operator abandoned
Texas Democrat calls for Perry oversight — Bloomberg announces 2020 bid
Democrats unveil net-zero by 2050 bill — Interior plan could expand drilling in Alaska
PROGRAMMING NOTE: POLITICO Pro’s Morning Energy will not publish on Thursday, Nov. 28, and Friday, Nov. 29. We’ll be back on our normal schedule on Monday, Dec. 2. Editor’s Note: This edition of Morning Energy is published weekdays at 10 a.m. POLITICO Pro Energy subscribers hold exclusive early access to the newsletter each morning at Read More…
U.S. District Judge Brian Morris scheduled a hearing for Oct. 9 from environmental organizations suing to stop construction of the $7 billion Keystone XL Pipeline authorized under a new permit from the Trump administration. “Specifically, this permit reinforces, as should have been clear all along, that the Presidential permit is indeed an exercise of Presidential Read More…
Wednesday wasn’t a good day for Melissa Peterson-Worden. Like nearly 600 of her Blackjewel LLC coworkers locked out of the Belle Ayr and Eagle Butte mines in Campbell County since July 1, she’s spent the last three weeks hoping she’ll be called back to work while applying for new jobs. Down to the last $432 Read More…
New York State has awarded two offshore wind contracts with a combined capacity of almost 1,700 megawatts (MW) in waters off Long Island. The contracts were awarded to Norwegian firm Equinor and a joint venture between Danish company Orsted and U.S. business Eversource. The Empire Wind and Sunrise Wind developments were announced as the winners of New York’s Read More…
Montana judge James A. Manley had previously ruled that the state’s Public Service Commission (PSC) had violated the rights of developer MTSUN by cutting both the rates paid for electricity and contract lengths under the Public Utility Regulatory Policies Act of 1978 (PURPA), for the express purpose of undercutting the viability of solar power. This was in Read More…
BISMARCK, N.D. (KFYR)- April’s oil production numbers are in, and they remained almost flat from March. Natural gas production reached an all time high with 2.8 billion cubic feet produced per day. 81% was captured statewide,which is below the goal of 88%. Mineral and Gas Division director Lynn Helms gave examples of how some companies are Read More…
BILLINGS, Mont. — The manager of an oil processing plant in eastern Montana that exploded and burned in 2012 has pleaded guilty to violating the Clean Air Act. The Billings Gazette reports that the plea agreement by Mark Hurst was reached recently in U.S. District Court in Billings. Hurst was the project manager for Custom Read More…
Plunging oil prices at the end of 2018 caused worry about an international economic slowdown, but experts say Wyoming could be slightly insulated from the effects – at least for the beginning of the new year. “Any time you’re talking about oil prices, they are notoriously hard to predict, but what we are seeing is Read More…
Montana lawmakers are considering two bills to tax carbon pollution, and not surprisingly owners of Colstrip Power Plant say the measures would kill the facility. Democratic legislators are floating two bills creating a $10-per-ton tax on carbon dioxide from various sources, including coal-fired power plants. Theirs aren’t the first attempts targeting Colstrip. Washington State, Read More…
Exxon Mobil Corp. made a final decision Tuesday with Qatar Petroleum to build a $10 billion liquefied natural gas (LNG) export project on Texas’s Gulf of Mexico coast. Energy Secretary Rick Perry joined representatives of Exxon and Qatar Petroleum, the country’s state-owned oil company, to sign the deal Tuesday. The project would greatly expand the Read More…
They kept telling us to get used to it. It’s the new normal. Coal is dead. Coal is dying. Move on. Now this, from Bloomberg News: Trump’s Making U.S. Coal Exports the Greatest They’ve Ever Been READ THE FULL STORY.
CHEYENNE – The Cheyenne-Laramie County Joint Powers Board agreed Tuesday to fund half of a $250,000 grant meant to lure a mystery Denver manufacturer to the Swan Ranch rail park. The grant, split with economic development nonprofit Cheyenne LEADS, will be used to offset some of the company’s costs moving into LEADS’ “spec” building south Read More…
The resurgence of the oil industry can be traced back to what happened in Congress one day in December 2015. That’s when lawmakers ended the 40-year ban on U.S. oil exports. Crude pumped in Texas, Oklahoma and North Dakota could suddenly be shipped overseas. At the time, excess supply was wreaking havoc on the energy Read More…
GILLETTE, Wyo. – Coal from the Powder River Basin will soon be on its way to Japan to fuel two new coal gasification plants in Fukushima Prefecture. Gillette, Wyo.-based Cloud Peak Energy, which operates the Spring Creek Mine near Decker, will begin to ship up to 1 million tons of coal a year to Japan Read More…
NEW YORK (CNNMoney) – America could be crowned the oil world’s new king in 2018. The United States is poised to ramp up crude oil production by 10 percent in 2018 to about 11 million barrels per day, according to research firm Rystad Energy. Surging shale oil output should allow the United States to dethrone Read More…
By Ernest Scheyder HOUSTON, Dec 21 (Reuters) – Oasis Petroleum Inc, the last major oil producer operating exclusively in North Dakota’s Bakken shale formation, is heading south to the nation’s largest oilfield, pursuing a pricey expansion as investors worry about maturing shale fields. Oasis shares have tumbled 21 percent following last week’s disclosure, pointing to Read More…
BISMARCK, N.D. – More than a dozen oil companies failed to meet North Dakota’s natural gas flaring goals three months ago. Operators burned off over 300 million cubic feet (8.5 million cubic meters) of natural gas per day in September, a level the state hasn’t seen since the summer of 2015, reported the Bismarck Tribune Read More…
GTUIT, a Billings-based manufacturer of mobile gas treatment systems, will participate in the Abu Dhabi International Petroleum Exhibition and Conference taking place in Abu Dhabi Nation Exhibition Center, November 13-16. The company will be showcased by Caterpillar in its exhibit as technology “that keeps our customers connected to their assets, contributing to their overall success.” Read More…
An electric utility company is closing two coal-fired power plants by next year, citing economic conditions. Dayton Power & Light, a subsidiary of utility giant AES Corp., announced on Monday the closure of the J.M. Stuart and Killen generating stations, following a monthslong review of the plants. They are the latest in a string of Read More…
The head of the Environmental Protection Agency (EPA) said Thursday that he does not believe carbon dioxide is a “primary contributor” to climate change. “I think that measuring with precision human activity on the climate is something very challenging to do and there’s tremendous disagreement about the degree of impact. So no, I would not Read More…
Talen Energy is pushing Montana lawmakers for a tax break worth millions to keep two units of the coal-fired Colstrip power plant open, with one Republican leader saying Tuesday the units could close within the year without some form of assistance. House Speaker Austin Knudsen, R-Culbertson, said the $10 million coal severance tax reduction proposed Read More…
There has been a sudden surge in job openings in the Bakken – particularly for hydraulic fracturing and completion crews – as companies ramp up to put more wells on line in the first half of 2017, reports Oil Patch Hotline. Pay scales are running between $16 and $30 an hour. The number of job Read More…
Billings-based GTUIT, LLC announced that the firm has been providing Liberty Resources, LLC natural gas liquids (NGL) recovery and flare reduction services since June 2016. GTUIT has provided up to 4,500 MCFD of processing capacity at four well locations. GTUIT’s gas processing helps Liberty Resources reduce air emissions and meet the State of North Dakota Read More…
Ultra Petroleum Corp. has reached an agreement to settle a $303 million breach of contract claim by Rockies Express Pipeline LLC’s (REX) and its operator, Tallgrass Energy Partners, LP. The company said Tuesday that the settlement will be submitted to the U.S. Bankruptcy Court for approval and will be implemented in connection with Ultra’s chapter Read More…
Renewable energy and Wyoming jobs received a boost Wednesday as the Bureau of Land Management (BLM) approved the first 500 wind turbines for the Chokecherry Sierra Madre (CCSM) Wind Energy Project. The BLM action followed the U.S. Fish and Wildlife Service (FWS) Record of Decision (ROD) indicating that it would issue an Eagle Take Permit Read More…
The Wyoming Department of Environmental Quality (DEQ), Storage Tank Program (STP) reported the highest underground storage tank (UST) operational compliance rates in the country to the United States Environmental Protection Agency (USEPA) during federal fiscal year 2016. STP regulates the installation and operation of regulated storage tank systems (such as gas stations) and oversees cleanup Read More…
Oil climbed to an 18-month high in New York as output cuts by Kuwait and Oman signaled OPEC and its partners are delivering on their agreement to stabilize the market. Futures rose as much as 2.8 percent after adding 45 percent last year, the biggest annual gain since 2009. Officials from Oman and Kuwait told Read More…
A Montana company has been granted a license to build a $1 billion, 400-megawatt power storage project in the central part of the state that would supplement electricity from wind turbines and other sources, according to documents released Thursday by federal regulators. The 50-year license from the Federal Energy Regulatory Commission allows Absaroka Energy, Read More…
President-elect Donald Trump has promised to “save” America’s coal country and put long-suffering miners back to work. From KTVQ
U.S. officials cancelled 15 oil and gas leases on Wednesday in an area bordering Glacier National Park that’s considered sacred to the Blackfoot tribes of the U.S. and Canada. The cancellation was aimed at preserving the Badger-Two Medicine area, a largely-undeveloped, 130,000-acre wilderness that is the site of the creation story for members of Montana’s Read More…
CorEnergy Infrastructure Trust (CORR) has announced that a subsidiary of Ultra Petroleum has agreed to assume the lease on its Pinedale Liquids Gathering System without amendment, through a motion filed today in bankruptcy court. CORR is the first publicly listed real estate investment trust focusing on energy infrastructure. According to the CORR website, the Pinedale Read More…
Microsoft Corp. has announced its largest wind power deal to date: 237 megawatts (MW) that will power their data center outside of Cheyenne. This will bring Microsoft’s total investment in wind energy projects to more than 500 MW. This deal will combine a 178 MW from the Bloom Wind project in Kansas with a long-term Read More…
For the first time since March of 2014, oil production in the state of North Dakota has slipped below the one million barrel a day mark. The latest production figures out this week show that in August, North Dakota production slipped to 981 thousand, 39 barrels per day. That represents a drop of some 49 thousand barrels per day, compared to July’s Read More…
General Electric Co. plans to buy a maker of wind-turbine blades for $1.65 billion, bolstering the renewable-energy business amid growing demand for clean power. The deal for Denmark-based LM Wind Power will enhance GE’s ability to serve customers in the onshore and offshore wind markets, the companies said Tuesday in a statement. LM Wind Read More…
As Dakota Access Pipeline opponents fanned out and stopped construction at multiple sites again Thursday, Oct. 6, the Morton County sheriff said he has assigned more resources to the area and will call in deputies from other states if necessary to respond to simultaneous protests. “We have basically tapped the resources to a level Read More…
Construction work on the Dakota Access Pipeline is nearly completed along the North Dakota portion of the project route. The September construction report from Dakota Access LLC, a partner of Energy Transfer Partners LP, shows that 87 percent of the project has been completed in the state through the end of the month. This Read More…