OK energy stocks soared as crude prices rebounded Thursday

Thursday’s trading resulted in a 3% gain for crude oil prices after increased U.S. fuel consumption off worries about a slowing economy around the rest of the world. It proved to be a day of big gains for Oklahoma energy stocks. Increases came after a report was announced showing the number of Americans filing new …

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Major jump in nation’s oil and gas rig numbers

  While the latest Enverus rig count showed a nationwide increase of 15 oil and gas rigs, it also revealed two Oklahoma City-based companies were among the most active in the Appalachian Basin. Appalachia also notched a four-rig increase to 58 during the last week. Most active in the basin were Chesapeake Energy, EQT Corp. …

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North Dakota Bakken production grew in June

  North Dakota, the state where Oklahoma companies are among the leaders in oil and gas exploration reported its June oil production reached nearly 1.1 million barrels a day. But higher growth is being limited by workforce challenges and gas takeaway issues according to Lynn Helms, North Dakota Director of Mineral Resources reported the Williston …

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Williams reaches deal to increase Appalachian Basin natural gas movement

Williams and PennEnergy Resources, LLC, an EnCap Investments portfolio company in the Appalachian Basin, announced  they have entered into an agreement to support the marketing and delivery of certified, low emissions next gen natural gas. The agreement includes an independent, third-party certification process that verifies best practices are being followed to minimize emissions and produce …

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Phillips 66 announces expansion of midstream holdings

  Phillips 66 announced a realignment of its economic and governance interests in DCP Midstream, LP and Gray Oak Pipeline, LLC through the merger of existing joint ventures owned with Enbridge Inc.. Phillips 66 increased its economic interest in DCP Midstream from 28.26% to 43.31% and will oversee and manage the joint venture’s interest in …

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U.S. natural gas exports to Mexico are increasing at the West Texas border

  Natural gas pipeline exports from West Texas to Mexico averaged 1.6 billion cubic feet per day (Bcf/d) during May 2022—the most pipeline exports from West Texas on record, according to the U.S. Energy Information Administration’s most recent monthly data. Compared with 2021, U.S. pipeline exports from West Texas increased by 12% from January through May …

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Mullin hosts panel on the importance of American energy independence

  Congressman Markwayne Mullin (OK-02), member of the House Permanent Select Committee on Intelligence, moderated a panel Wednesday on the importance of American energy independence and its direct correlation to our national security. The discussion focused on how our nation’s adversaries use energy access as a threat, and how American exports will pave the way …

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OKC’s Blueknight Energy Partners goes private with new owner

  Wednesday was an eventful day for Blueknight Energy Partners, L.P. in Oklahoma City. The company was officially and formally merged with Mississippi-based Ergon Asphalt & Emulsions Inc. and went from a publicly-traded company to a private firm totally owned by Ergon. Ergon announced the transaction was completed Wednesday after Ergon purchased the General Partner …

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Undecideds up for grabs in Corporation Commission GOP runoff

  In the few days before the state’s primary run-off election, one political poll suggested a lot of voters either aren’t sure who to support in the GOP Corporation Commission run-off race, don’t know much about the candidates or haven’t bothered to learn anything about them. The Oklahoman reported former state Senator Kim David had an …

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Headlines from the US and world

** North Dakota receives no bids from developers to build a cross-state natural gas pipeline to supply planned agricultural processing plants. ** Activists continue their fight against the Mountain Valley Pipeline even after West Virginia Democratic Sen. Joe Manchin conditioned his approval of climate legislation on its completion. ** Former Vice President Al Gore, who held the first congressional hearings on climate …

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