December 6, 2021 archive

Hamm buys $11 million more shares in company stock

  Billionaire oilman Harold Hamm, founder of Oklahoma City-based Continental Resources obviously likes his company so well that last week he bought more than $11 million in company stock. The former President and CEO, reported to have a net worth of $10.7 billion as of August 17, 2021 bought 250,000 shares in the company on …

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Big rebound for oil prices and for some OK energy stocks

With apparent word that the Omicron COVID-19 variant might be as damaging to the world economy and demand for crude oil as first thought, crude prices rose nearly 5% on Monday. It was also a day for higher Oklahoma energy stock prices. Symptoms from the variant are reportedly seen as mostly mild and some OPEC …

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Ex-legislator says OGE case threatened by public corruption

  As Oklahoma Corporation Commissioners consider financial relief for Oklahoma Gas and Electric over its natural gas costs endured during the February winter storm, a former legislator interjects again his belief that Commissioner Todd Hiett should be removed from office over a conflict of interest. Dr. James Michael Ritze, once a Republican Representative who served …

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Devon Energy raises more than $50,000 for Wyoming Nonprofits

  As part of its annual Give for Good fundraising campaign, Devon Energy raised over $50,000 to support Wyomingites in need. Employees participated in raffles and auctions, and made pledges to benefit Blessings in a Backpack and United Way of Natrona County.    “It’s very inspiring to see Devon employees’ generosity year after year,” said Brent Wilson, senior production superintendent at Devon. “Our commitment to the …

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Lucas warns again how China threatens US technology

  Oklahoma congressman Frank Lucas has again expressed growing concern about China’s intent on dominating the semiconductor industry and how it is a growing threat to American competitiveness. At a recent House committee hearing that focused on “Ensuring American Leadership in Microelectronics,” the ranking Republican on the Committee on Science, Space and Technology spoke out …

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ONE Gas to be part of conference

  Oklahoma-based ONE Gas will take part in the BofA Securities Gas Utility Conference on Tuesday, December 7. The participation will be virtual and the event will be one of two conferences in which the utility will take part. Leadership will also participate Wednesday, Dec. 8 in the Wells Faro Midstream, Utility & Renewables Symposium. …

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Bashore bill would lower vehicle transfer, trade-in taxes

Rep. Steve Bashore, R-Miami, has filed legislation for 2022 that would reconfigure how the base excise tax is determined when a vehicle is transferred and would allow a trade-in deduction allowance on the purchase price of a vehicle. “Letting individuals to keep the money they’ve earned allows them to make their own decisions about how …

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Inhofe secures nearly $1 million in grants for new aviation workforce programs

   U.S. Sen. Jim Inhofe recently announced Oklahoma was awarded two grants totaling nearly $1 million to establish aviation workforce development programs. These grants are the first ones awarded under the new programs Inhofe created in Section 625 of the FAA Reauthorization Act of 2018 (P.L. 115-254). Inhofe worked closely with then-President Trump to establish …

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Headlines of other energy news stories

** The federal government will argue that it should avoid a lawsuit by Louisiana, Alabama, and eight other states over its estimates on the social cost of greenhouse gas emissions, in a hearing before a federal judge Tuesday. The states will use their time to try to convince the U.S. District Court for the Western District of …

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ERCOT inspecting more than 300 Power Plants to ensure Texas Power Grid is ready for winter

  The Electric Reliability Council of Texas (ERCOT) has announced that by the end of this month, they’ll have inspected more than 300 power generation plants making sure they weatherized to beef up the electric grid in the state. TV stations KTSM and KVUE reported it’s part of the governor’s efforts to reassure residents that …

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