October 2021 archive

Crude still above $82 a barrel in US and Europe

  The drop in U.S. industrial output in September left oil prices weak on Monday as Brent fell while US prices rose only slightly. But both remain above $82 a barrel. Both touched multi-year highs earlier in the day but enthusiasm for higher oil prices waned later. Brent crude for December delivery dropped 62 cents …

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3Q results for Enable Midstream to be announced in November

  Oklahoma City-based Enable Midstream Partners, LP will announce its third quarter earnings report November 1, revealing whether it was able to build on a strong second quarter. The report will be released before market hours on that Monday detailing the quarter’s results and recent business highlights. With nearly 14,000 miles of natural gas, crude …

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Will earnings growth continue for LSB Industries?

  The third quarter financial results for LSB Industries, Inc. will be released the first of November and the question of whether the firm’s strong second quarter earnings continued will be answered. The company announced it plans to release the report on Monday, Nov. 1 after the close of the markets. LSB’s management plans to …

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Evergy wants more wind powered electricity

  Kansas City-based Evergy, a utility serving 1.6 million customers in Kansas and Missouri announced it is seeking bids for more wind energy to supply its electricity needs. The company issued a Request for Proposal seeking bids to purchase wind resources of up to 1,000 megawatts to be in service by 2026. Projects that achieve …

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Another energy rule proposed in New Mexico

  The energy industry is likely to face another restriction or at least a required step before construction of a pipeline or drilling for oil and gas in New Mexico. The State Land Office in New Mexico has proposed a rule to require state trust land lessees to submit an archaeological survey before commencing such …

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Oklahoma’s oil and gas industry recovery quickens

  A new report shows recovery of Oklahoma’s oil and natural gas industry has quickened its pace, with increased prices for oil and natural gas spurring new drilling activity and job creation. Data from the most recent Oklahoma Energy Index (OEI) show every index component except for crude oil spot price has moved higher from …

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AARP continues fight against OGE rate hike request

  The AARP in Oklahoma has come out again in its fight against OGE’s $750 million rate hike request. In its latest release, the American Association of Retired Persons called the utility’s request an “attempt to pass along $750 million worth of its mistakes” to customers for decades to come. The consumer group called on …

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Lankford, Manchin to consider possible new FERC member

  Two more energy nominees from President Biden go before Oklahoma U.S. Sen. James Lankford and others on the Senate Energy and Natural Resources Committee this week. Lankford and the others on the committee led by West Virginia Democratic Sen. Joe Manchin will hearing from Willie L. Phillips, Jr. who was nominated to sit on …

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Oklahoma among top “forever” chemicals site

   An Environmental Protection Agency list of locations in the U.S. that are sites of toxic “forever chemicals” reportedly identified Oklahoma as one of the top three states in the country. Oklahoma has an estimated nearly 12,000 such sites behind California with 13,000 and Colorado with nearly 21,400 such facilities and sites. The list of …

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Newfield wins royalty fight in North Dakota

  A District judge in North Dakota has sided with Houston’s Newfield Exploration in its 2018 lawsuit against the state in a fight over oil and natural gas royalties. Northwest District Court Judge Robin Schmidt ruled against the state which argued after a 2016 audit that Newfield still owed the state millions of dollars in …

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