Ovintiv Inc. comes under new leadership in Denver

  Ovintiv Inc. announced that Peter A. Dea will succeed Clayton H. Woitas, 71, as its chairman of the board. Ovintiv President Michael McAllister also announced plans to retire after 20 years with the Company and nearly 40 years in the industry. Both changes are effective June 30, 2020 according to the company announcement in Denver, Colorado. Dea, who has more …

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Ovintiv Mid-Continent keeps busy in STACK play

  Kingfisher County in Oklahoma’s STACK play has seen increased activity by Ovintiv Mid-Continent Inc. as the company recently submitted completion reports on 7 separate wells including four on a single pad with nearly 2,300 barrels of oil a day in production. The three mother-daughters wells are located at 11 15N 8W or about 5 …

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US oil prices drop again but climb internationally

With the specter of Russia possibly wanting to ease the OPEC production cuts and a growing crude oil stockpile, U.S. oil futures dropped Thursday, falling 10 cents. The less than 1% drop left July West Texas Intermediate crude at 33.61 a barrel in trading on the New York Mercantile Exchange. Overseas, Brent futures rose 55 …

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Lucas introduces bill to reduce nation’s dependence on foreign minerals

Congressman Frank Lucas (OK-03) joined Rep. Paul Gosar (AZ-04) and Rep. Michael Waltz (FL-06) in introducing the American Critical Mineral Exploration and Innovation Act of 2020. They were joined by House Committee on Natural Resources Ranking Republican Rob Bishop (UT-01), and House Republican Leader Kevin McCarthy (CA-23). The American Critical Minerals Exploration and Innovation Act aims to reduce America’s …

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Jobless benefits claims decline in Oklahoma

The number of initial claims for unemployment benefits filed with the Oklahoma Employment Security Commission (OESC) for the week ending May 23, 2020, continue to reflect the impact of business closures due to the COVID-19 and Oil Industry crises. For the week ending May 23, 2020, unadjusted initial claims in Oklahoma totaled 32,127, a decrease …

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OGE customers to see reductions in monthly utility bills

  OG&E announced that it will lower its monthly fuel cost recovery, effective with the first customer billing cycle in June. On average, residential customers in Oklahoma will see a reduction of $5 per month. The company said the savings are tied to the ongoing slump in the price of natural gas, which is used to generate electricity. Typically, …

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Williams to create solar installations at some of its operations

Tulsa’s Williams Cos. is going solar power, announcing it intends to make major installation of solar power operations at some of its gathering and processing sites around the U.S. The company said it intends to take advantage of the falling cost of solar technology and available tax credits, adding that natural gas and solar make …

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Austin tops national solar power survey

  Austin is now No. 1 in the U.S. when it comes to solar power available per person, according to new data gathered by the Environment Texas Policy and Research Center. The city beat out Los Angeles and San Antonio for the top spot. Austin was ranked 14th in the nation for solar energy produced inside …

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Federal Reserve Bank finds manufacturing in Oklahoma and other states is still low

The Federal Reserve Bank of Kansas City released the May Manufacturing Survey that shows the manufacturing activity in the Tenth district, which includes Oklahoma continued to decline but not as sharply compared to last month’s record low. Chad Wilkerson, vice president and economist at the Federal Reserve Bank said the survey also found that expectations …

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Statewide flood plan to be developed under new law

Oklahoma Senate Bill 1269, legislation that directs the Oklahoma Water Resources Board (OWRB) to develop a Statewide Flood Resiliency Plan, was signed into law by Governor J. Kevin Stitt on May 18. In addition to the creation of a statewide flood mitigation plan, the law creates the State Flood Resiliency Revolving Fund to fund both …

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