Category: Oil & Gas

Corporation Commission still deals with 2021 winter storm cost cases

  Two years after Winter Storm Uri left Oklahomans with long-term increased bills to pay for the costs experienced by utilities in the state, state regulators are still dealing with the storm and its aftermath. On Tuesday, a Corporation Commission Administrative Law Judge held a pre-hearing conference on the request of Arkansas Oklahoma Gas Corporation …

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ONEOK General Counsel to retire from company

  Longtime executive at ONEOK, Inc. Stephen B. Allen is retiring as senior vice president, general counsel and assistant secretary. The company announced this week he will retire in mid-August after more than 17 years with the company. Allen is leaving ONEOK to join Dallas-based GuideStone, a leading faith-based financial services organization. GuideStone Financial Resources is a …

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Galvanic Energy promises more lithium exploration efforts following $100 million sale

  Five years after Galvanic Energy was created in Oklahoma City, the company’s $100 million sale of holdings in southern Arkansas this week to ExxonMobil certainly put the firm in the nation’s energy headlines. Founder Brent Wilson told OK Energy Today, “I can’t comment on the details of the sale, but I can confirm we did …

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Lankford and others say latest EPA rule would harm small businesses

  Sen. James Lankford along with two others in Congress are telling the EPA “not so fast” about a proposed rule change they say would potentially be harmful to communities during emergencies. Lankford was joined by Sen. Kevin Cramer of North Dakota and Rep. John Joyce of Pennsylvania in urging the Environmental Protection Agency to …

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Energy short reads

** Ford Motor Co. announced it is keeping AM radio available in its vehicles following pressure from lawmakers to keep it in its products. CEO Jim Farley said in a Tuesday tweet he spoke to policymakers about keeping AM radio available as part of the emergency alert system and decided it will be included in all 2024 Ford and Lincoln …

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Chevron deal just created largest oil and gas producer in Colorado

  A $7.6 billion deal just created the largest oil and gas producer in Colorado. Chevron Corp. is buying PDC Energy and assuming PDC’s debt of more than $1 billion. In return, Chevron will also get 275,000 acres adjacent to the company’s holdings in the Denver-Julesburg Basin in northern Colorado’s Weld County reported The Colorado …

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Wyoming to get a $14 billion oil refinery? Or is it just a rumor?

  Wyoming state leaders are wondering if the rumors are true that their state might be picked as the site for a proposed new $14 billion refinery. Gov. Mark Gordon’s energy czar, Randall Luthi talked of the rumors at a recent Joint Minerals, Business and Economic Development Committee meeting. The Cowboy State Daily reported Canadian businessman …

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Corporation Commissioner expresses concerns about Biden’s “overreach” of energy development

  Oklahoma Corporation Commissioner Kim David wants Oklahomans to know she is a firm believer of the premise of “all of the above” energy development in the country. Writing an opinion piece this week in the Oklahoman, the Commissioner, sworn in to office in January, expressed her concerns of the Biden administration’s “overreach” when it …

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Houston energy firm expands holdings in Williston Basin

  ExxonMobil Corporation just signed an agreement to sell its 62,000 acres of holdings in the Williston basin to Chord Energy Corporation for $375 million. Zacks reported that 77% of the holdings is undeveloped. Chord Energy is headquartered in Houston and considered to be one of the leading oil and gas producers in the Williston …

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Latest Permian Basin acquisitions

  A Houston company has joined some Oklahoma energy companies in being the latest to make acquisitions in the oil and gas rich Permian Basin. Kimball Royalty Partners announced the $141 million acquisition of nearly 60,000 acres in the region. Another company, Epsilon Energy of Houston is in the process of a $14 million acquisition …

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