May 21, 2020 archive

Oil futures hit highest level in more than a month

Oil futures climbed again in Thursday’s trading on the New York Mercantile Exchange, rising more than 1.2% for the day, reaching their highest level in more than a month. Analysts say it’s a sign of continued optimism as crude supplies continue falling, especially at the Clinton hub in Oklahoma. West Texas Intermediate crude prices were …

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New chairman of board named at Laredo Petroleum

  Laredo Petroleum, Inc. announced the appointment of William Albrecht as independent Chairman of the Board of Directors  succeeding Randy Foutch upon the expiration of Foutch’s term on May 14, 2020. Albrecht, is currently an independent member of the Board and will continue to serve on the Compensation Committee and Nominating and Corporate Governance Committee. “Bill’s appointment as Chairman …

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DEQ urges safety first in celebrating Memorial Day at state lakes

    With the Memorial Day holiday approaching, the Oklahoma Department of Environmental Quality (DEQ) encourages Oklahomans to visit the state’s lakes, rivers, or streams. While recreating at these natural water bodies, DEQ reminds you to follow some simple tips to help keep you and your family safe while swimming, boating, canoeing, or enjoying other …

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OGE holds virtual shareholders meeting

OGE Energy Corp. held its 2020 Annual Meeting of Shareholders Thursday virtually via the internet in support of the health and well-being of all company stakeholders, including shareholders, company personnel and local communities. Chairman, President and CEO Sean Trauschke began the meeting by thanking first responders and the company’s employees for their diligent efforts to keep people …

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Tulsa, Tesla, Gov. Stitt and “a woolly booger”

  Oklahoma Gov. Kevin Stitt is promising there won’t be any surprises that might disrupt Tulsa’s high hopes of landing the new Tesla truck manufacturing plant. The city is one of two finalists for the plant and business leaders want nothing to interfere at the last minute for the city’s chances. Tulsa’s bid for a …

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State gets $120 million federal loan to finish Gilcrease Expressway

The government’s approved a $120 million loan to Oklahoma so work on the Gilcrease Expressway in west Tulsa can be finished and President Trump made the announcement this week. “The Tulsa, Oklahoma area has been approved for a transportation loan from the @USDOT of up to $120M to help expand highway on the Gilcrease Expressway …

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Energy news in brief

** The Trump administration is giving companies temporary breaks on royalties and rent they pay to extract oil and gas on public land, which could lower revenue for states like North Dakota. ** Indiana Gov. Eric Holcomb is expected to sign an executive order today that includes extending a ban on utility shut-offs through June. ** In its decision to strike down …

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PSO announces more grants in fight against COVID-19 pandemic

Public Service Company of Oklahoma is announcing more than $70,000 in grants from the American Electric Power Foundation to help nonprofit agencies across Oklahoma address the basic needs of people struggling in the midst of the COVID-19 pandemic. The AEP Foundation is the charitable arm of PSO’s parent company, American Electric Power. “The COVID-19 crisis …

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BLM postpones oil lease auction of Permian Basin land

An auction of oil and gas leases in New Mexico and Texas was abruptly postponed Wednesday without the Bureau of Land Management offering an explanation. Bureau of Land Management (BLM) spokeswoman Allison Sandoval confirmed the delay, which was first announced on a government website. She said the agency “will provide further information at a future …

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Study is critical of some western states enforcement of oil and gas regulations

    When it comes to enforcement of oil and gas regulations in western states, Colorado is best and Utah worst according to a new study released by the group Center for Western Priorities. This new analysis by the Center for Western Priorities finds that many Western state oil and gas enforcement programs are at times understaffed, …

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