UK Could be Starved of Energy, says North Sea Boss
The UK is at risk of being "starved" of North Sea energy leaving it reliant on imports, a major oil and gas producer has told the BBC.
Ithaca Energy said Labour's pledge to ban new oil and gas exploration in the North Sea and current taxation policy was "spooking" investors.
Ithaca is almost entirely invested in North Sea oil and gas.
Environmental groups and scientists say new oil and gas fields would take the UK over its carbon budget limits.
Natural Gas Facility in Southeast New Mexico Expands amid growing Permian Basin Production
A natural gas processing facility in southeast New Mexico’s Delaware Basin region was set to expand in response to growing demand and gas production in the area.
Piñon Midstream on Thursday announced expansions at its Dark Horse Facility in Lea County, where natural gas produced by the oil and gas industry is treated and sequestered.
The facility works to reduce carbon emissions by sequestered carbon dioxide (CO2), and hydrogen sulfide (H2S) through gas injection wells at the site.
Kentucky has Plugged 18% of Nation's Orphaned Wells
Gov. Andy Beshear says Kentucky is doing an outstanding job plugging orphaned oil and gas wells in the state, thanks to state and federal funding which is designed to help remediate the situation.
As part of his Better Kentucky Plan, Gov. Beshear announced last August a $25 million state grant to plug the wells statewide, on top of the U.S. Department of the Interior saying in February 2022 that it would provide Kentucky with nearly $104 million for the cleanup effort.
At the time, Kentucky had more than 14,000 orphaned well sites, among the highest of any state, accounting for nearly 18% of the nationwide total. Orphaned wells create no economic output, can pollute outdoor areas, and create an environmental hazard for nearby communities. The clean-up will help improve air and water quality and increase nearby property values, all while creating new jobs.
Of the 22 states that received federal funding through the Bipartisan Infrastructure Law to plug wells, Kentucky has had the highest number of wells plugged, according to Beshear. So far, 540 wells have been capped in 23 counties, and 42 contracts have been signed to plug a total of 628 wells. The work has restored more than 32 acres of land for farming and other uses and created 90 jobs.
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UK Oil, American Nat Gas, Orphan Wells and DAPL BBQ