July 22, 2020 archive

Oil prices end with a slight loss after unexpected build in U.S. supplies

  A day after oil futures hit their highest mark since March, they pulled back slightly on Wednesday, apparently pressured by a surprise weekly increase in U.S. crude supplies. Increased tensions between the U.S. and China reportedly led to growing tensions for a drop in energy demand as West Texas Intermediate September crude lost 2 …

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Austin, not Tulsa lands the new Tesla truck plant

  Tulsa and Oklahoma leaders who tried to woo Elon Musk to build his proposed new Tesla truck plant in the northeast city came out on the losing end Wednesday. Tulsa was left standing on the altar as a bridesmaid and not the bride. Tesla CEO Elon Musk announced on an earnings call Wednesday that …

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2Q earnings report coming from Blueknight Energy Partners

    Blueknight Energy Partners, L.P. in Tulsa will release its second quarter 2020 financial results next month as company leaders hope to turn around their economic conditions. The company will make known the report after the close of markets on Wednesday, Aug. 5, 2020. An earnings conference call will be held the next day, …

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New Mexico wants to get tough on methane emissions

  The oil and gas industry in New Mexico is likely to come under some of the most stringent rules when it comes to the capture of methane gas from wells. The state proposed rules to require crude oil developers to capture at least 98% of the methane emissions by 2026. The proposal, announced by …

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OERB welcomes new members to board of directors

    Two new members have joined the board of directors at the Oklahoma Energy Resources Board. They are Allen Wright and Christopher Hyde. Wright is Vice President of Public and Government Affairs at Oklahoma City-based Devon Energy. “I’m excited to join OERB’s mission of demonstrating the importance of oil and natural gas to Oklahoma, …

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Dividend declared by ONEOK

  Investors in Tulsa-based ONEOK, Inc. were informed Wednesday they will soon be getting a quarterly dividend from the company. ONEOK announced its board of directors declared a quarterly dividend of 93.5 centers per share. It is unchanged from the previous quarter and amounts to an annualized dividend of $3.74 per share. The dividend is …

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ConocoPhillips adds to its oil exploration land in Canada

  A nearly $375 million cash deal to acquire more exploration land in Canada’s Montney position was announced Wednesday by Houston’s ConocoPhillips. The company acquired the 140,000 net acres of land from Kelt Exploration Ltd. for the $375 million in cash in addition to assuming nearly $30 million in financing obligations for associated partially-owned infrastructure. …

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North Dakota oilfield workers include so-called Three Percenters

  They’re called “Three Percenters” and their presence in the Bakken oilfields of North Dakota worry some but not others. Three Percenters are far-right militants, named after the reported belief that only three percent of the American colonists took up arms in the American Revolution.   Click here to read the story in Desmog.  

Energy news in brief

** Federal agents arrest Ohio House Speaker Larry Householder and four others accused of accepting $60 million in bribes from an Akron utility to support a $1 billion bailout of Ohio’s two nuclear plants. **  Twenty-one Democratic attorneys general filed a lawsuit against the Trump administration on Tuesday over its rule to limit states’ authority to use environmental concerns to …

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Work begins on Enel Green’s solar storage project near Dallas

  Near Dallas, Texas, work has started on a large Lily solar storage project that is considered to be the first hybrid energy project in North America integrating a renewable energy plant with utility-scale battery storage. Enel Green Power, the company with wind farm operations in Oklahoma is behind the project that pairs the two …

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