April 9, 2020 archive

Refineries lose bid for Appeals Court rehearing in Denver

Without comment, judges of the 10th U.S. Circuit Court of Appeals in Denver have refused the challenge of an Oklahoma refinery company and the owner of two others whose exemptions from bio-fuel blending requirements had been invalidated by the court. Wynnewood Refining Company and HollyFrontier, operator of two other refineries that had been involved in …

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Nation’s largest ethanol producer stops work at 3 plants

One of the nation’s largest ethanol manufacturers announced this week intentions to idle production at three plants in Iowa and South Dakota.   According to the announcement, POET bioprocessing units in Chancellor, South Dakota, Ashton, Iowa, and Coon Rapids, Iowa, will be idled, while the startup of a new plant in Shelbyville, Indiana, will be delayed. The …

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ODOT holds first-ever virtual meeting to deal with highway projects

  Highlights of the Oklahoma Transportation Commission’s Monday, April 6, virtual meeting include a detailed report on the Oklahoma Department of Transportation’s efforts to preserve critical highway operations during the COVID-19 pandemic and approval of contracts for work on I-40 in Pottawatomie County, SH-3 in Canadian County, US-412 in Woodward County and US-69 in Atoka …

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Congress urges crown prince to ease oil crisis

A day before OPEC nations met to consider reduction of their flood oil onto the world market, a move that has devastated energy companies in Oklahoma and the rest of the U.S. members of congress including Reps Kevin Hern and Markwayne Mullin asked the Crown Prince of Saudi Arabia to take action. The Representatives are …

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OGE annual meeting to be virtual

  Oklahoma Gas and Electric Energy Corp.’s upcoming annual shareholders meeting will be a virtual meeting as the company follows the path of what so many other corporations have done as a result of the COVID-19 pandemic. The meeting will be held May 21 beginning at 10 am. Central Daylight time. Shareholders are encouraged to …

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OESC Expands Virtual Town Hall Capabilities

  Oklahoma’s agency for unemployment insurance and re-employment of displaced workers is conducting a virtual Town Hall for claimants and the public at-large. With more Oklahomans facing unemployment due to the impact of COVID-19, OESC is hosting the event to quickly provide critical information about the claims process to those who need it. “We’re completely …

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Marathon makes deeper cuts while suspending Oklahoma operations

Not only is Marathon Oil Corp. planning to suspend any further drilling activity in Oklahoma, the company announced this week more cuts to its 2020 capital expenditures budget, trimming spending to $1.3 billion. The deeper cuts come a month after the company announced plans to trim spending to $1.9 billion. Marathon also indicated it intends …

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Southern Oklahoma wells produce for Marathon Oil

Marathon Oil Corp.’s announced deeper cuts to its 2020 capital expenditures budget came on the same day the company filed reports showing more than a thousand barrels of oil from two sister wells in Oklahoma’s Stephens County. But by all indications, they might also be the company’s last Oklahoma wells for a while. The Parks …

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