One Texas oil company leader predicts flat 2021 oil production

    If the forecast of the leader of one Texas-based oil company is accurate, there will be “very little growth” for U.S. oil production in the coming years. It’s what Scott Sheffield, chief executive officer at Pioneer Natural Resources Co. told a New York conference this week after the nation’s oil production so far …

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Phillips 66 ending more jobs in Bartlesville

  A week after Phillips 66 announced it was closing its research lab in Bartlesville and ending air shuttle service between there and the Houston corporate headquarters, the company is eliminating 75 positions in its finance and procurement division in Bartlesville. Instead, the company plans to move the work to an outside firm according to …

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What an environmentalist says Oklahoma should do to avoid power outages

    A young environmentalist is telling Oklahomans they need more solar panels on their homes to avoid the disastrous power outages like the state suffered last week and smiley faces on our utility bills to urge us to change our behavior about climate change. Writing a “Point of View” in the Wednesday Oklahoman, Graham …

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Latest quake in Oklahoma resulted in no regulatory action

    While dozens of Oklahomans felt a Sunday afternoon earthquake measuring 3.7 magnitude in the northern part of the state, it wasn’t strong enough to warrant any disposal well curtailment by state regulators. The epicenter of the quake was 2 miles southeast of the town of Meno which is near Enid. By Monday morning, …

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Utilities form coalition to boost EV charging network

  A coalition of six major utilities, including PSO’s parent company American Electric Power announced plans this week to add electric vehicle fast chargers connecting major highways across the country. AEP was joined by Entergy Corp., Dominion Energy, Duke Energy, Southern Co. and Tennessee Valley Authority. All plan to provide electric car charging stations in …

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EDF Renewables makes another wind farm deal

  While Texas is trying to figure out what went disastrously wrong in last month’s winter storm, leaving millions in the dark, another wind farm is going up near Houston. EDF Renewables North America, a firm with numerous wind farm operations in Oklahoma announced a power purchase agreement for the second phase of its Space …

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GOP Senator to vote for Haaland as Interior Secretary

  While Oklahoma U.S. Sen. James Lankford opposes the nomination of New Mexico Democratic Rep. Deb Haaland for Interior Secretary, Maine GOP Sen. Susan Collins announced she supports her. She is the first Republican senator to come out publicly in support of President Biden’s nominee. “After examining Representative Deb Haaland’s qualifications, reviewing her hearing before …

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Houston might abandon ERCOT

  In the wake of the disastrous and deadly winter storm in Texas, Harris County, Texas—home to Houston–is exploring the possibility of leaving the state’s power grid. County commissioners voted earlier this week to study ways to possibly quit the Electric Reliability Council of Texas which ordered rolling blackouts in the middle of February when …

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Increase in crude storage reported at Cushing

  Crude oil supplies in the U.S. rose in the past week including the stocks at the Cushing, Oklahoma storage hub. The American Petroleum Institute reported late Tuesday that the amount of crude stored in Cushing increased by 732,000 barrels in the week that ended Feb. 26. U.S. crude supplies increased by nearly 7.4 million …

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Energy news in brief

** Duke Energy Renewables spent an estimated $75 million to $100 million to replace power that its renewable energy projects — largely wind power — could not generate for customers during the February freeze in Texas. ** Engineering companies Baker Hughes and Akastor plan to merge their offshore oil drilling equipment units to form a …

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