Category: Oil & Gas

Additional headlines of energy stories

** The Environmental Protection Agency (EPA) has issued notices to 15 states for failure to submit plans for air pollution reduction, four months after a lawsuit on the matter from a coalition of environmental groups. The states receiving notices are Alabama, Illinois, Iowa, Kentucky, Louisiana, Maine, Minnesota, Mississippi, Missouri, Nebraska, New Mexico, Pennsylvania, Rhode Island, Vermont, and …

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Crude oil made more gains in Monday’s trading and OK energy stocks were up the upside too

  Crude oil prices started the week with a 4% gain as there still loomed the prospects of OPEC+ output cuts. Investors were also concerned about the conflict in Libya. Oklahoma energy stocks recorded mild gains for the day. West Texas Intermediate crude for October delivery shot up $3.95 a barrel to settle at $97.01, …

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Other headlines of energy stories

** A recently finalized federal biological assessment of ConocoPhillips’ proposed Willow oil and gas project in Alaska indicates the Biden administration is leaning toward approving the controversial plan. ** The federal Bureau of Land Management approves the first carbon dioxide sequestration project on public land at an ExxonMobil natural gas field in Wyoming. ** Colorado and Xcel Energy offer incentives to …

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Colorado enviros don’t like cryptocurrency miners using methane gas from oil wells

  Colorado’s ban on the flaring of natural gas from oil wells in the state has led to an interesting fight as oil operators sell their surplus methane to cryptocurrency miners. But you see, environmentalists don’t like it, even though it is in accordance with the state anti-flaring law. Environmentalists contend that all the process …

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High gasoline prices won’t keep Oklahomans from traveling this Labor Day holiday

  Labor Day holiday travel is expected to return to levels seen before COVID-19 hit the nation, despite high gasoline prices and that includes in Oklahoma according to AAA Oklahoma.   “Travel volume will likely reach pre-pandemic levels as people prioritize vacations and travel celebrations they haven’t felt confident taking in the previous two years,” said …

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EVs present issue over mileage reimbursements for legislators

  The purchase of electric vehicles by a dozen Colorado state legislators revealed a problem with the taxpayer-funded mileage reimbursements they receive. Legislators who drive EVs get the same mileage reimbursement rate as those legislators who drive gas-powered vehicles and the gasoline driven owners think it’s unfair. They want the mileage rate adjusted reported the …

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Texas targets 800 abandoned wells with federal funds

  Texas plans to use its $25 million federal government grant to plug nearly 800 abandoned oil and gas wells in the state. The 800 are among an estimated 7,400 abandoned such wells in Texas reported The Texas Tribune. Click here for Texas Tribune

2020 inflation-adjusted U.S. energy expenditures lowest since 2002

  Not a surprise, but new energy cost figures released this week by the federal government showed Americans spent less on energy in 2020 when the Covid pandemic hit the world. In 2020, the amount U.S. consumers spent on energy (energy expenditures) fell to $1 trillion, the least amount since 2002, according to the U.S. …

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Higher natural gas costs already hurting Oklahoma consumers

  Those stories of higher natural gas prices and how they’re hurting consumers aren’t just stories—the prices are hitting Oklahomans where it hurts. Natural gas prices in the state are nearly three times what they were a year ago as The Oklahoman reported this week. Click here for The Oklahoman  

$600 million in notes to be redeemed by Halliburton

  Halliburton announced it is attempting to redeem nearly $600,000,000 in outstanding senior notes. The company called for redemption of the entire outstanding principal amount of its 3.50% senior notes due in 2023. The redemption date is September 25, 2022 and the total of notes currently outstanding is $600,061,000. Halliburton plans to use cash on …

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