powder river basin

The West Virginia court overseeing Blackjewel's bankruptcy has authorized the end of 401(k) plans for all the company's miners. It was one condition of Contura Energy's purchase of the Eagle Butte and Belle Ayr mines. Many Blackjewel workers responded to the news with thanks on Facebook, one commenting "Hallelujah."

Blackjewel employees in Wyoming could soon miss their second payday; it's approaching quickly on July 26. The recently bankrupt coal company has already passed one payday on July 12 since filing for Chapter 11 reorganization on the first of July.

Arch Coal and Peabody Energy recently announced it would consolidate seven of their mines; five of which are located in the Powder River Basin. If the venture passes regulatory hurdles, the move will create the largest coal producer in the country controlling a significant percentage of national coal production.

A struggling Powder River Basin coal company has put off two interest payments again. It will be the fourth extension. One is for debt due in 2021 and the other for 2024. Cloud Peak Energy negotiated with debt holders to put off paying until May 10. Past extensions have lasted a month, two weeks and one week.

More and more coal-fired power plants are setting retirement dates and the next steps for them are unclear. The Senate Minerals committee heard a bill attempting to deal with these power plants. It aims to create a process allowing decommissioned plants to continue under new ownership.

A company attempting to improve the burning efficiency of coal has found a permanent site for a testing facility. Clean Coal Technologies, Inc. (CCTI) will build just outside of Gillette in Fort Union Park. 

The largest coal company in the world released its earnings report today, announcing that 2017 was a strong year for its production, revenue, and exports. Peabody Energy operates several of its largest mines in the Powder River Basin, including the North Antelope Rochelle, Rawhide, and Caballo mines. The company filed for bankruptcy in 2016 and re-emerged last year.

The Wyoming Supreme Court says a mineral rights case involving overlapping federal leases in the Powder River Basin cannot be resolved without intervention from a federal agency. The court is now sending it back to a Wyoming district court.

Conservation groups WildEarth Guardians and the Sierra Club recently filed a complaint with the Office of Surface Mining Reclamation and Enforcement, OSMRE, over two coal leases approved in 2012.

The groups say Peabody Energy’s North and South Porcupine leases, which expanded the North Antelope Rochelle mine in the Powder River Basin, were improperly approved and that the company should no longer be allowed to mine there. 

West Virginia wants to use federal dollars to subsidize Appalachian coal. Some think that’s picking favorites — not just over natural gas and renewables, but over other coal states. 

At a presentation at the University of Wyoming’s Energy Innovation Center, an energy economist argued that the coal industry will likely never recover to previous levels. That’s despite a small rebound in the first quarter of this year because of a cold winter.

In Wyoming’s coal-rich Powder River Basin, the city of Sheridan is exploring how renewable sources of energy might fit into its future. The local government applied for a $44,000 research grant that the Wyoming Business Council approved earlier this month.

Now their proposal will go before the governor’s State Land and Investment Board for final approval. The town’s leaders have been looking into wind, solar, and hydropower development since the 1990s, and a recent economic study found that a lack of renewable development in Sheridan could be a deal-breaker for tech companies.

Record heat in much of the country is good news for the struggling coal industry. 

Hotter temperatures mean more people running their air conditioning, which in turn means more power plants burning more coal. 

“The hot start to summer has greatly improved the outlook, after a very slow first half [of the year],” said Colin Marshall, CEO of Cloud Peak Energy, one of the nation’s biggest coal producers, on an earnings call with investors. 

Coal production during in the first quarter of 2016 was the lowest its been since 1981. According to the US Energy Information Administration, coal production in the Power River Basin dropped nearly 30% from the fourth quarter of 2015. That is a bigger drop than in any other region.

Demand for coal is down because of low natural gas prices, competition from renewables, and environmental regulations. An unusually warm winter also reduced demand, so companies cut production.

Federal officials are objecting to a coal company's plan to restructure and emerge from bankruptcy, because, they say, it looks a lot more like a plan to liquidate. 

Alpha Natural Resources filed a plan today outlining how it hopes to emerge from bankruptcy. At the heart of the plan is a proposal to sell the company's core assets, including its Wyoming mines.

In President Obama’s recent State of the Union address, there was a line that caught the ear of people in the energy industry.

“I’m going to push to change the way we manage our oil and coal resources, so that they better reflect the costs they impose on taxpayers and our planet,” he said.

The federal government is going after a now-defunct Wyoming energy company for failing to document and pay royalties on the gas it had been extracting. 

Conservation groups are expressing huge concern over the proposed Bureau of Land Management proposed resource management plan for the Powder River Basin.  

The plan authorizes 10 billion tons of coal production along with oil and gas development. With concern being expressed over Sage Grouse habitat, some conservation groups thought the BLM would proposed reduced energy development.

BLM Director Neil Kornze said last week during a trip to Cheyenne that Sage Grouse will be monitored and that the declining coal market will take care of a lot of the carbon dioxide concerns.

One of the world’s largest coal companies has withdrawn its application for a federal coal lease in the Powder River Basin. Arch Coal’s move is part of a bigger slow down in sales of Wyoming coal leases. According to the Bureau of Land Management, there are currently six leases pending. But the last one that was actually sold was in 2012.