Pioneer Natural Resources announced increased GHG efforts

  Leaders of Dallas-based Pioneer Natural Resources Company unveiled their firm’s 2021 Sustainability Report this week and announced a higher goal of reduction in methane emissions for 2021. The company reported it had a 27% reduction in GHG emission intensity and a 50% reduction in methane intensity in 2020 and planned to increase its 2030 …

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Phillips 66 sets 3Q financial results release date

  The third quarter financial results of Phillips 66 will be revealed in about six weeks. The Houston-based company announced it plans to host a webcast at 11 a.m. CDT on Friday, October 29. Leaders will be on hand to discuss the financial results that will be released earlier in the day and also provide …

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New Mexico to get tougher on low-emitting wells

  Environmental regulators in New Mexico plan a tougher review of even the lowest pollution-emitting oil and gas wells. The New Mexico Environment Department stated this week it intends to return to a restrictive air pollution rule that calls for the fossil fuel industry to inspect the lowest-emitting wells yearly reported the Santa Fe New …

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Flaring just got tougher in Texas

    Texas regulators took a recent move that will increase restrictions and the ability of oil and gas companies to do more flaring of gas from their wells. Texas Railroad Commissioners voted to limit an oil driller to flaring gas for just one year—not two as requested by the industry reported the Midland Reporter …

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Propane prices continue soaring ahead of approaching winter

  Oklahomans who rely on propane for winter heating are among those who could face the most expensive winter in years—thanks to the highest jump in prices in the past 7 years. The main U.S. trading hub, located in Mont Belvieu, Texas has seen propane prices climb nearly 60% this year because of tighter production …

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OK energy stocks jumped as crude oil rose on Wednesday

  Double-digit gains were recorded by some Oklahoma energy stocks as a larger-than-expected drawdown in U.S. crude inventories, including the amount in storage at Oklahoma’s Cushing hub, resulted in a more than $2 a barrel increase in oil prices Wednesday. Analysts also attributed the jump on expectations that demand will increase as COVID-19 vaccination roll-outs …

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Biden warns ‘code red’ for climate in US

  It was at the National Renewable Energy Lab in Golden, Colorado where President Biden warned it is a critical time for the U.S. in the fight against climate change and a clean energy future. Biden paid his first presidential visit to Colorado on Tuesday. “We’re blinking code red as a nation,” he warned while …

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Democrats’ centerpiece clean electricity climate plan approved by House Committee

  Republicans on the House Energy and Commerce Committee argued against the centerpiece climate change policy of Democrats infrastructure and social spending reconciliation package but in the end, the committee approved the plan that is seen as a push away from the dependence on fossil fuels. The committee, of which Oklahoma Congressman Markwayne Mullin is …

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Crude oil inventories decline at Cushing Hub

  U.S. crude supplies continue their fall according to reports issued by the government and the American Petroleum Institute. The decline included the amount of crude oil held in storage at the Cushing hub in northern Oklahoma. Supplies nationwide dropped by 6.4 million barrels for the week ended September 10 reported the U.S. Energy Information …

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New drilling extends across Oklahoma

  Regulators approve more permits to drill across the state as the oil and gas industry continues its expansion following a retreat caused by the COVID-19 pandemic of 2020. Beckham County will see drilling by Unbridled Resources LLC which received a permit fore the BLEVINS 16X9-11-26 #1HC, a well to be drilled only a few miles …

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