January 2022 archive

Tribes split $10.4 million in federal Tribal Transit Grants

  Seven Oklahoma Indian tribes are among three dozen nationally that will split more than $10 million in Tribal Transit Grants from the U.S. Department of Transportation’s Federal Transit Administration. One of the larger grants to an Oklahoma tribe is $785,000 for the Kaw Nation of Oklahoma to establish a fixed-route and demand transit services. Oklahoma’s …

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Whoops! New Mexico governor’s hydrogen push stalled in legislature

  New Mexico Gov. Michelle Lujan Grisham’s efforts to turn her state into a leader of hydrogen projects has run into a delay in the legislature. Lawmakers tabled a bill she supports to establish hydrogen production hubs around the state after environmentalists spoke against using natural gas to produce the fuel reported the New Mexico Political Report. …

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Oklahoma trade office proposed in Taiwan

  An Oklahoma legislator says it’s time Oklahoma created a trade office in Taiwan, even as the country faces a threatened invasion by communist China. Click here for McCarville Report.

OneEnergy Partners announces acquisition of Trainer Partners and western Oklahoma assets

    Houston-based OneEnergy Partners II Holdings, LLC announced the acquisition of Trainer Partners LTD of Midland, Texas and its western Oklahoma holdings. The western Oklahoma holdings obtained by OneEnergy are in Roger Mills County while other holdings are royalties and working interests  across Lea and Eddy Counties, New Mexico; Gaines, Andrews, Hemphill and Midland …

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Dividend declared by Alliance Resource Partners

  Tulsa-based coal mining company, Alliance Resource Partners, L.P.  announced that the Board of Directors of ARLP’s general partner approved an increased cash distribution to its unitholders for the quarter ended December 31, 2021. ARLP unitholders will receive a cash distribution for the 2021 Quarter of $0.25 per unit (an annualized rate of $1.00 per unit), …

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ConocoPhillips sells Permian Basin assets to Houston firm

  In a $440 million deal, ConocoPhillips sold some of its oil-producing assets in the Permian Basin to Houston-based Maverick Natural Resources, a firm with operations and holdings in Oklahoma. The assets to be acquired produced over 11,000 boepd (50% oil) from the Central Basin Platform and Northwest Shelf of the Permian Basin during September …

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Phillips 66 reports Fourth-Quarter 2021 financial results

  Phillips 66 announced fourth-quarter 2021 earnings of $1.3 billion, compared with earnings of $402 million in the third quarter of 2021. Excluding special items of $25 million, the company had adjusted earnings of $1.3 billion in the fourth quarter, compared with third-quarter adjusted earnings of $1.4 billion. “During 2021, our employees maintained focus on …

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Other energy headlines on Monday

** A federal judge has canceled the Biden administration’s late 2021 sale of new oil-and-gas drilling leases in the Gulf of Mexico. The ruling that the greenhouse gas emissions analysis by the Interior’s Bureau of Ocean Energy Management (BOEM) was insufficient is a win for green groups that challenged the decision, as they seek to curb fossil fuel …

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Chesapeake doesn’t plan to get out of oil exploration

  With its $2.4 billion acquisition of Chief Oil & Gas and sale of oil assets in Wyoming’s Powder River Basin to Continental Resources, Chesapeake Energy would look like it’s devoting all attention to gas exploration and not oil. But the company’s Nick Dell’Osso, Chesapeake’s CEO says not so fast. The company has no intention of …

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Study finds living near fracking sites increases risks for elderly

  A new study by Harvard medical researchers contends that elderly people who live near or downwind from fracking sites at oil and gas wells are more likely to die prematurely.     Researchers from the Harvard TH Chan School of Public Health studied the health records of 15 million people on Medicare living in …

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