Rep. Lucas encourages more arctic environment research

  From western Oklahoma where he farms and ranches, Oklahoma Congressman Frank Lucas also has a keen interest in what is happening to the climate in the Arctic. Speaking as the ranking member of the House Committee on Science, Space and Technology this week, Rep. Lucas included his thoughts during a hearing on Amplifying the Arctic: …

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Devon will release 3Q results on Nov. 1

  Devon Energy Corp., one of the top active oil producers in the Permian Basin plans to release third-quarter 2022 results on Nov. 1 according to the company’s announcement. The release of the results on that Tuesday will be after the close of U.S. financial markets. The results will be available on the company website, www.devonenergy.com. …

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Empire Petroleum’s new COO reaches employment deal

Months after he was named Chief Operating Officer at Tulsa-based Empire Petroleum, Eugene Sweeney reached an employment agreement with the firm. Empire announced the agreement was reached September 13 and the initial term is two years.  Sweeney was named COO in February of this year and previously was Vice President of Operations since May 2021. …

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Cole—Biden’s Green New Deal weakened our country’s energy security

  Oklahoma Congressman Tom Cole launched another attack on President Biden this week, pointing out that ever since Biden took office, energy production in the U.S. has significantly been slowed by the President….all in the name of Biden pursuing his “unreliable and disastrous Green New Deal.” It’s what Cole charged in his weekly political column …

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Oklahoma City challenges Corporation Commission’s winter storm bond franchise decision

  The Oklahoma Corporation Commission is being dragged back before the State Supreme Court in another constitutional challenge in part over its controversial decision to use bond securitization to help utilities recover costs from the 2021 Winter Storm Uri. Oklahoma City has appealed the Commission’s recent 2-1 decision to let utilities decide if they will …

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More energy headlines

** The Department of Energy will offer additional US reserve crude for sale ahead of plans by the European Union to ban most Russian oil in December. ** U.S. refiners are expected to buy more Canadian oil after the Biden administration ends releases from the Strategic Petroleum Reserve (SPR) this fall, traders said, adding this should …

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Colorado lags in mandate to cut greenhouse gases

  While Colorado leaders have made a strong push to become a totally ‘green’ state when it comes to the climate, a new report shows it’s failing in its efforts. The Colorado Sun reported a new assessment says Colorado is “alarmingly” behind statutory goals to cut greenhouse gas emissions for 2025 and 2030. Click here …

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Farmington hopes to save San Juan power plant

  Farmington, New Mexico finds itself in a spat with Public Service Company of New Mexico over efforts to keep the coal-fired San Juan Generating Station open and operating. PSO intends to shut down the plant but city leaders in Farmington want to save the local jobs and acquire the plant reported the Farmington Daily …

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Crude oil prices made moderate gains in Monday’s trading

  Monday’s trading brought a slight gain for crude oil prices, mostly built on worries about tight oil supplies. It also resulted in losses or weak gains for most Oklahoma energy stocks. West Texas Intermediate crude for October delivery gained 62 cents or 0,7% to finish at $85.73 a barrel on the New York Mercantile …

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Transportation officials defend bond firm’s history of millions in penalties

    The Oklahoma Department of Transportation has defended the  history of $15 million in penalties and fines for its major bond provider by suggesting it was common for such firms to be involved in litigation. ODOT, also speaking for the Oklahoma Turnpike Authority in  answering questions presented by OK Energy Today about the bond …

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