April 2021 archive

Oklahoma AG tries to become involved in Oneta Power lawsuit

  Because of the US Supreme Court “McGirt” decision, Oklahoma Attorney General Mike Hunter is attempting to become a part of Oneta Power LLC’s lawsuit challenging its property taxes. The lawsuit was filed in Wagoner County and because the Supreme Court ruling almost granted autonomous authority by the Muscogee (Creek) tribe, Hunter is attempting to …

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Lucas statement on the death of Michael Collins

The death Wednesday of Apollo 11 astronaut Michael Collins drew condolences from Oklahoma Rep. Frank Lucas, the Ranking Member of the House Committee on Science, Space and Technology. “This is a sad day for our space program and all Americans. Michael Collins inspired generations of Americans with his historic flight as the command module pilot …

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Lankford pushes for US energy diversity

  Oklahoma U.S. Sen. James Lankford used a Senate hearing this week to call for energy diversity in the U.S. His call came during a Senate Finance Committee hearing entitled “Climate Challenges: The Tax Code’s Role in Creating American Jobs, Achieving Energy Independence, and Providing Consumers with Affordable, Clean Energy.” He questioned witnesses and focused on …

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Inhofe says methane rollback by Biden will hurt Oklahoma oil and gas producers

  With the support of three Republicans, the U.S. Senate on Wednesday voted to reverse the rollback of methane emissions done by the Trump administration. Oklahoma U.S. Sens. Jim Inhofe and James Lankford voted against the rollback which came in the form of S.J. Res. 14, a Congressional Review Act resolution of disapproval of the …

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13 U.S. refineries exceeded emissions limits for cancer-causing benzene in 2020

  Phillips 66 refineries in Louisiana and HollyFrontier operations in New Mexico were among 13 U.S. oil refineries that reportedly released the cancer-causing chemical benzene in concentrations beyond federal limits last year according to a report by the green group Environmental Integrity Project. The EIP said its study was based on the second full year …

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Continental Resources delivers Outstanding 1Q21 financial results; reinstates Dividend And Accelerates Shareholder Returns

    Oklahoma City’s Continental Resources, Inc. released what it called “outstanding” first quarter results for 2021 showing net income of $260 million and 72 cents earnings per share. At the same time the company leadership projected $3.1 billion for full-year 2021 cash flow from operations and $1.7 billion projected full-year 2021 cash flow at …

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Completion reports for April 28, 2021

CANADIAN COUNTY Citizen Energy Iii Llc 5 11N 5W Switzer 5-8-11-5 3wxh, November 02, 2018 HH, DRY, TD: 19125 ft Lat: 35.46344, Long: -97.75675 API: 35017252640001 Citizen Energy Iii Llc 5 11N 5W Switzer 5-8-11-5 4mxh, November 17, 2018 HH, DRY, TD: 18830 ft Lat: 35.46350, Long: -97.75675 API: 35017252610001 Citizen Energy Iii Llc 5 11N 5W Switzer 5-8-11-5 2mxh, …

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Permits to drill for April 28, 2021

permits: none were processed today

Devon to seek more investors at May presentation

  Another effort to reach out to potential new investors will be made next month by Oklahoma’s Devon Energy Corp. The company announced its management will make a presentation at the Citi Global Energy & Utilities Virtual Conference to be held Wednesday, May 12. The presentation will begin at 8:30 a.m. Central Time and will …

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Another big gain as crude oil prices reach 6 week high

  Crude oil prices made another big gain in Wednesday’s trading finishing close to $64 a barrel in the US and more than $67 a barrel in Europe. It was their highest finish in six weeks and at the same time, Oklahoma energy stocks soared. Investors responded a day after OPEC+ decided to continue gradually …

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