Category: Oil & Gas

Oil down but Oklahoma energy stocks are up

Oil prices took a 1% skid on Thursday while Oklahoma energy stocks had a strong day in trading with one oil company recording a more than 12% gain for the day. What spurred the fall in crude oil? It came after solid U.S. economic data spurred the dollar to reach a two-month high. West Texas …

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Oil and gas group comes out in support of State Treasurer’s anti-ESG enforcement

  The Oklahoma Energy Producers Alliance (OEPA) has joined with State Treasurer Todd Russ as he takes steps to withhold state funds from WOKE institutions that discriminate against making Oil and Gas and Agriculture loans. “This is a courageous action by our State Treasurer and a win for Oklahoma producers,” OEPA Chairman and Owner of Kingery …

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Oklahoma Turnpike Authority loses bond adviser after being blacklisted by Treasurer

  After being blacklisted from state agency business because of its ESG  beliefs, Wells Fargo is no longer the bond adviser for the Oklahoma Turnpike Authority. The company was among those cited by Oklahoma Treasurer Todd Russ as violating Oklahoma’s new law which targeted financial institutions for their bias against the state’s oil and gas …

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EIA reports Oklahoma saw increased oil production in past year

  No surprise in what the U.S. Energy Information Administration reported this week showing Texas and New Mexico were the leading oil-production states in the country. U.S. crude oil production grew 5.6%, or 0.6 million barrels per day (b/d), in 2022 compared with 2021, averaging 11.9 million b/d according to the EIA’s Monthly Crude Oil …

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More Garvin County wells for Continental Resources

  Oklahoma City’s Continental Resources Inc. revealed more recent success in its oil and gas exploration in Oklahoma’s SCOOP play, filing completion reports on two wells on a single pad with combined production of nearly 1,400 barrels of oil a day. The reports for the Moonraker wells, located at 33 1N 3W or 5 miles …

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Brief energy stories

** Remember SamBrinton, the former senior Energy Department non-binary?  He’s been arrested again, this time as a “fugitive from justice” by police in Maryland. ** The United States should develop its own clean energy supply “soup to nuts” — but that doesn’t mean banning Chinese products, a top Biden administration official said Thursday. At POLITICO’s first-ever energy …

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Biden’s Energy Department announces $251 million funding for carbon capture projects

  Carbon capture and storage projects in seven states, including Texas and Wyoming, received a $251 million shot in the arm this week from the Biden administration. The U.S. Department of Energy announced the funding of the grants that are aimed at reduction of planet-warming pollution from power plants and industrial operations. A major oil …

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NextEra plans to sell oil and gas operations in Texas and Pennsylvania

  NextEra Energy Partners LP, the company known in Oklahoma for its wind farm developments, says it’s planning to sell its STX Texas midstream assets in the Eagle Ford Shale and Pennsylvania’s Meade natural gas pipeline. The company wants to streamline finances and become more of a fully renewables-based company according to John Ketchum, NextEra’s …

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Oklahoma energy stocks and crude oil prices recorded gains on Wednesday

Oklahoma energy stocks and crude oil prices rebounded Wednesday with gains for the day including a $2 jump for crude oil. The nearly 3% gain in crude oil came about due to increased optimism over oil demand and U.S. debt ceiling negotiations. West Texas Intermediate crude rose $1.97 a barrel or 2.8% to $72.83 on …

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Warm winter resulted in lowest propane use in US since 2010

    A new report from the government revealed U.S. propane consumption in the most recent winter was the lowest total since 2010, largely because of warmer weather across much of the nation. The U.S. Energy Information Administration reported consumption averaged 0.986 million barrels a day during the 2022-23 winter heating season, which is October …

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