N.M.'s well plugging program a win for taxpayers and the environment
New Mexico's State Land Office has plugged more than 200 abandoned oil and natural gas wells using funds...
New Mexico's State Land Office has plugged more than 200 abandoned oil and natural gas wells using funds from operators, resulting in at least $20 million in cleanup cost-related savings for taxpayers. The office's accountability and enforcement program has reduced the number of orphaned oil and wells on state trust lands by nearly 20%, proving "that we can require companies to clean up after themselves and still deliver billions of dollars in record revenues for our schools and other institutions," said Land Commissioner Stephanie Garcia Richard.
On Wednesday night, Oakland Athletics President Dave Kaval confirmed the MLB team ...
On Wednesday night, Oakland Athletics President Dave Kaval confirmed the MLB team reached a deal to build a new stadium in Sin City.
It’s Freaky Friday for Las Vegas and Oakland. In 2016, Vegas had zero pro sports teams, and Oakland had three. If this deal goes through, Vegas will have four, and Oakland will have…none.
Over the last six years, teams have flocked to Vegas like bachelor parties to the MGM Grand—the city is now home to the Raiders (NFL), Golden Knights (NHL), and Aces (WNBA).
Meanwhile, Oakland lost the Golden State Warriors and the Raiders within a year of each other.
Police announced that nearly $15 million in gold and other valuable items were stolen from a cargo holding facility at Toronto’s Pearson Airport on Monday, and the perps didn’t even say they were sorry about it. Pearson is Canada’s busiest airport, and gold mined in northern Ontario typically flows through it. The heist is one of the largest in Canada’s history.
EIA reports a bigger-than-expected weekly decline in U.S. crude supplies
The Energy...
The Energy Information Administration on Wednesday reported that U.S. commercial crude inventories fell by 4.6 million barrels for the week ended April 14. On average, analysts forecast a decline of 400,000 barrels, according to a survey by S&P Global Commodity Insights. The EIA report showed a weekly inventory gain of 1.3 million barrels for gasoline, while distillate stockpiles edged down by 400,000 barrels. The analyst survey had forecast supply decreases of 1.6 million barrels for gasoline and 600,000 barrels for distillates.
Meanwhile, the amount of crude oil in storage at the Cushing Hub of northern Oklahoma fell again in the past week, reaching its lowest level of 2023. The U.S. Energy Information Administration reported that as of April 14, there were 32.8 million barrels held in storage at the hub. It was a drop of 1 million barrels from April 7 of this year.
Cushing’s storage of crude oil was nearly 40 million barrels at the start of March.
