November 11, 2021 archive

Lankford says US cannot afford Biden’s climate-change plan

  Oklahoma U.S. Sen. James Lankford makes the case that the U.S. just cannot afford President Biden’s master plan to combat climate change. He repeats his call that the U.S. must adopt an “all of the above” effort in energy choices. Click here for McCarville Report.

Energy news headlines for Friday

**  ​​Electric-truck maker Rivian went public in the largest U.S. IPO since 2014. The stock opened at $106.75, above its initial public offering price of $78. The upstart auto manufacturer is backed by some big names, including Amazon and Ford. ** Six major automakers, including Ford and General Motors, pledge to phase out gasoline- and diesel-powered vehicles by 2040 worldwide, though …

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Oklahoma student group wins $250,000 carbon removal award

    Bison Underground, a startup created by current and former students from the Mewbourne College of Earth and Energy at the University of Oklahoma, won a $250,000 award and seed funding for a research proposal in the XPRIZE $5 Million Carbon Removal Student Competition. The award program, which is part of the $100 Million XPRIZE …

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Devon offers $1.9 billion in notes exchange

  Devon Energy came out with a $1.9 billion offering in an exchange of notes this week. The company announced the offering but in its filing with the Securities and Exchange Commission did not include a date for a deadline. The offering was for $224,079,000 of 8.250% notes due 2023; $224,079,000 of 8.250% notes also …

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Continental’s big Permian acquisition a headline grabber in the Bakken

  The $3.25 billion acquisition of Permian Basin assets by Oklahoma’s Continental Resources was not only big news in Oklahoma and Texas, but it also had the attention of North Dakota media. That’s because Continental Resources is a big driller in the Bakken and its acquisition of assets held by Pioneer in West Texas captured …

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