Colorado oil and gas operator ordered to post $133 million bond for unplugged wells
State regulators recently ordered the E&P operator ...
State regulators recently ordered the E&P operator K. P. Kauffmanto post a $133 million bond to assure its 1,089 wells will be properly plugged. The order came from the Colorado Energy and Carbon Management Commission, formerly known as the Colorado Oil and Gas Conservation Commission.
In response, the oil and gas company said it would challenge the move, arguing, “If the commissioners’ order were to stand, KPK would be the highest-bonded oil and gas operator in the U.S. The company was given 90 days to post at least 10% of the total amount or $13.3 million. It would also be required to add another 10% each year for the next 10 years.
Israel's military advanced deeper into the northern Gaza Strip Monday as part of an expanded ground invasion. Israeli tanks and other armored vehicles appeared to move further into the enclave's largest population center, Gaza City, temporarily blocking a main road connecting the enclave's north and south regions.
Israeli Prime Minister Benjamin Netanyahu rejected calls for a cease-fire as airstrikes continued to hit Gaza. At least 600 targets were struck by the Israeli military over the past few days, according to officials. Additionally, Israeli forces carried out a raid in the West Bank city of Jenin. See the war in maps here.
Historybook: English poet John Keats born (1795); Magician Harry Houdini dies (1926);...
Historybook: English poet John Keats born (1795); Magician Harry Houdini dies (1926); Mount Rushmore National Memorial is completed (1941); Actor and comedian John Candy born (1950); First female prime minister of India Indira Gandhi is assassinated (1984).
Texas Rangers top Arizona Diamondbacks 3-1 to take 2-1 lead in the World Series; Game 4 is tonight (8 pm ET, Fox) from Phoenix (More)
X is now worth less than half of what Elon Musk paid to buy Twitter last year. A memo to employees said the company was valued at $19 billion—55% less than the $44 billion that Musk shelled out.
The FDA has warned not to use dozens of over-the-counter eyedrops because they may cause infections that lead to blindness.
FIFA has banned the former Spanish soccer federation president who forcibly kissed a player after the women’s team’s World Cup victory from the sport for three years.
Sesame Street is getting a makeover next season. As its streaming deal with Max ends, the show will switch its format from magazine style to two longer narrative segments and one short animated one.
Benchmark U.S. crude oil for December delivery fell $3.23to $82.31 a barrel Monday. Brent crude for December delivery fell $3.03to $87.45 a barrel.
Wholesale gasolinefor November delivery fell 9 cents to $2.22 a gallon. November heating oilfell 8 cents to $2.97 a gallon. December natural gasfell 13 cents to $3.35 per 1,000 cubic feet.
Dow climbs 500 points in best day since early June
U.S. stocks bounced back on Monday, with the Dow clinching its...
U.S. stocks bounced back on Monday, with the Dow clinching its best day since early June, following a turbulent week that saw both the S&P 500 and Nasdaq Composite slide into correction territory. Strong earnings from Dow component McDonald’s Corp. MCD, +1.72% along with a broad-based rally helped lift the blue-chip gauge by more than 500 points, causing it to snap a streak of 58 trading days without a gain of 1% or more, according to Dow Jones Market Data. The Dow Jones Industrial AverageDJIA, +1.58% gained 511 points, or 1.6%, to finish at 32,928.83. That marked the best daily points gain for the index since June 2, according to Dow Jones data. The S&P 500SPX, +1.20% gained 49.44 points, or 1.2%, to 4,166.81. The Nasdaq Composite COMP, +1.16% gained 146.47 points, or 1.2%, to 12,789.48.