Crude oil prices were unsteady on Monday but still above $70

  US crude oil prices were shaky in Monday’s trading while overseas prices showed more confidence with a slight increase. West Texas Intermediate crude for July delivery slipped 3 cents and settled at $70.88 a barrel. Global benchmark Brent crude for August delivery finished up 17 cents at $72.86 a barrel on ICE Futures Europe. …

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Funding improves for Arkansas brine operation

  With a flagship operation in southern Arkansas where it hopes to develop brine into lithium batteries for electric vehicles, Canadian-based Standard Lithium Ltd. announced Monday a significant funding move. The company said the LANXESS Corporation chose for the early conversion in full of its loan facility previously advanced to the company. The conversion will …

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Ozone alerts issued for Oklahoma’s 3 largest cities

  Oklahoma’s three largest cities, Oklahoma City, Tulsa and Lawton are under ozone alerts for Tuesday, June 15, 2021. The Oklahoma Department of Environmental Quality said the alert for Oklahoma City was issued by the Association of Central Oklahoma Governments while the alert for Tulsa came from the Indian Nations Council of governments. The Lawton …

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Boil Order issued for Rock A Way tavern water system

    The Oklahoma Department of Environmental Quality announced Monday it issued a boil order for the Rock A Way Tavern system located in Guthrie after the discovery of E. coli. Drinking water users were advised to bring the water to a full, rolling boil for at least one minute before using it in food …

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North Dakota gets its first disposal site for radioactive oilfield waste

  Oil and gas developers active in North Dakota no longer are forced to ship their radioactive waste to Montana following the opening of a new disposal facility in North Dakota. The Bismarck Tribune reported that a new facility is open in McKenzie County which abuts the Montana state line. Click here for Bismarck Tribune …

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Keystone pipeline opponents aren’t finished with their fight

  Farmers, ranchers and environmentalists who fought the Keystone XL pipeline, a line first canceled by President Biden then by the developer TC Energy say they are not finished with their efforts. They contend there is uncertainty and possible eminent domain court fights ahead. The Omaha World-Herald reports that the founder of a leading opposition …

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$1 billion transmission line finished

  Ameren Transmission Company of Illinois says it has finally completed a $1.4 billion project to carry wind power from Missouri across Illinois and to the state of Indiana. Called the Illinois Rivers Project, the 375-mile 345,000 volt line was constructed to provide lower-cost energy from renewable sources for Midwestern families and businesses. The transmission …

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$400 million note offering closed by Ascent Resources

  Oklahoma City’s Ascent Resources Utica Holdings, LLC announced on Monday the closing of a $400 million senior note offering. The company along with its wholly-owned subsidiary, ARU Finance Corporation closing the offering of 5.875% senior unsecured notes due 2029. Ascent had earlier stated it will use proceeds from the note offering to pay down …

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Oklahoma crude oil production makes slow comeback

  Oklahoma’s crude oil production increased more than 27% from February to March of this year according to the U.S. Energy Information Administration. The EIA, in its most recent report showed Oklahoma’s oil production for March 2021 was 404,000 barrels a day of crude oil, up from the 317 ,000 reported daily in February. The …

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Energy news in brief

** The Minnesota Court of Appeals on Monday affirmed state regulators’ key approvals of Enbridge Energy’s Line 3 oil pipeline replacement project, in a dispute that drew over 1,000 protesters to northern Minnesota last week. ** Royal Dutch Shell Plc is reviewing its holdings in the largest oil field in the U.S., a possible sale that could raise …

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