ConocoPhillips Announces Quarterly Dividend of 42 Cents Per Share

Shareholders in Houston-based ConocoPhillips  were informed Wednesday their investments are making a profit. The company announced a quarterly dividend of 42 cents a share. The dividend will be payable Sept. 1 to stockholders of record at the close of business on July 20, 2020. Shares in ConocoPhillips closed down 99 cents in Tuesday’s trading for a …

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Energy news in brief

** Energy Secretary Dan Brouillette will be in San Antonio, Texas, on Thursday to meet with members of the region’s energy industry and to discuss the “current state of energy markets,” the Energy Department announced. ** Bayer stock tumbled on Tuesday, after a district judge hinted he would reject part of the company’s $10.9 billion plan to …

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EOG Resources and Employees Donate More Than $822,000 to Local Food Banks and Pantries

    EOG Resources says its employees and the company have contributed more than $822,000 to more than 40 different food banks across its states of operation. The funds were the result of a company-wide, unlimited 2-for-1 matching gifts program that ran through the month of June. “EOG’s culture is the key to our success,” …

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Red tape concerns Rep. Mullin

  Mullin speaks to workshop participants via Zoom. Oklahoma congressman Markwayne Mullin used a virtual workshop this week to go after bureaucratic red tape. Speaking during a Native American Financial Services Association workshop, the GOP Representative,  he focused on the importance of ensuring government regulations don’t strangle businesses during COVID-19. The Congressman from eastern Oklahoma also …

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Denver federal appeals court rules against another energy firm

  The 10th U.S. Circuit Court of Appeals in Denver has come down with another ruling against the fossil fuel industry. This time, it was against two oil and gas firms. POLITICO reported a climate change lawsuit brought by several Colorado localities against ExxonMobil and Suncor Energy will remain in state court rather than be bumped up to …

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Judge won’t reverse his ruling in Dakota Access Pipeline case

  The judge who ruled the Dakota Access Pipeline to be shut down next month won’t change his mind. As POLITICO reported, the Dakota Access Pipeline won’t get immediate relief from the order issued on Monday by a federal judge requiring that the pipeline be emptied of oil within 30 days while the Army Corps of Engineers …

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Oil and gas firms criticized for receiving coronavirus aid

  The oil and gas industry along with coal-using companies are being criticized by environmental-friendly groups for receiving an estimated $3 billion in coronavirus aid from the U.S. Government. One company singled out by The Guardian was Oklahoma City-based LSB Industries, a chemical manufacturer. Another was a coal-fired power operation in southwest Kansas. The following …

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Appeals court backs sale of controversial wind energy line in Missouri

Missouri landowners fighting Invenergy’s more than 700 mile transmission line to carry wind-powered electricity from Western Kansas to Illinois have lost another court case.  A state appeals court ruled in favor of a controversial wind electricity project Tuesday, putting the Grain Belt Express transmission line another step closer to construction according to the St. Louis …

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How the coronavirus has changed the oil and gas industry

  If there’s one thing we have all come to understand it is the fact that COVID-19 and its world-wide pandemic have changed not only our personal lives, but the economies of the nations of the world. Of the states. Counties and cities. A simple review of the announcements from the U.S. Energy Information Administration …

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2-square mile solar farm goes online in Texas

  Duke Energy’s 1,300 acre Holstein Solar Farm in Texas has come on line and is the company’s largest solar project to date. The 200-megawatt, alternating-current Holstein Solar farm began commercial operation June 1. Located near Wingate in the west-central area of Texas, the farm has more than 709,000 solar panels and can power the …

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