** Limetree Bay Refining LLC filed for bankruptcy on Monday seeking creditor protection after the U.S. Environmental Protection Agency halted its operations earlier this year. The St. Croix, U.S. Virgin Islands-based refinery, said in a statement that it plans to use the court protection process in Houston to negotiate with creditors and equity holders and weigh …
July 13, 2021 archive
Crude oil clings to $75 a barrel price despite slipping on Wednesday
Worries about China’s first-half crude imports dropping along with concerns over supplies as the world recovers from the coronavirus pandemic led to yet another slip in crude oil prices on Wednesday. In the US, West Texas Intermediate crude for August delivery fell 13 cents or 0.2% and finished the day at $75.12 a barrel. Global …
Political opponent joins effort to remove Corporation Commissioner
Former Libertarian candidate for Corporation Commission Todd Hagopian filed a friend of the court motion this week in the lawsuit seeking to remove Todd Hiett as Corporation Commissioner in a challenge over a conflict of interest. Hagopian’s Amicus Curaie brief was in support of former Rep. Mike Reynolds who filed suit with the Oklahoma …
Completion reports for July 13, 2021
completions: none were processed today
Permits to drill for July 13, 2021
permits: none were processed today
Quarterly dividend announced by ConocoPhillips
ConocoPhillips announced Tuesday a quarterly dividend of 43 cents per share, payable Sept. 1, 2021, to stockholders of record at the close of business on July 26, 2021. The dividend followed the company’s first quarter 2021 earnings report in May totaling $1 billion or 75 cents a share. The $1 billion compared with …
Mayors want congress to focus on climate change
The mayors of more than 140 cities across the U.S. called on congressional leadership this week to push for aggressive climate measures in their infrastructure legislation. The leaders of the nation’s 10 most populous cities were among the signees of a letter to Democratic and Republican leaders of the Senate and the House, but …
Space Development Authority to meet Wednesday
A regular monthly meeting of the Oklahoma Space Industry Development Authority will be held Wednesday at the state Department of Transportation headquarters in Oklahoma City. The meeting begins at 1:30 p.m. and can be viewed remotely. https://video.ibm.com/channel/RG5BGejedSk Below is the agenda: ITEMS TO BE PRESENTED BY OSIDA CHAIR – BAILEY J. SIEGFRIED CALL TO …
Sandridge CEO Geisler leaves the company
SandRidge Energy, Inc. announced that Carl Giesler, Jr. has resigned as Chief Executive Officer, President and a member of the Board of Directors for the company in order to pursue another career opportunity. Giesler’s resignation will be effective July 16, 2021, and is not the result of any disagreement with the company or any …
US Energy Dept awards $12 million in funding to 13 tribal communities
At least 13 American Indian and Alaska Native communities received $12 million in funding this week from the U.S. Department of Energy to help them reduce energy costs and increase energy security. The selected projects will power their homes and communities, make their buildings more energy efficient, and install microgrids for essential services and resiliency – critical elements to reaching the Biden Administration’s goal of net-zero carbon emissions …
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