Chevron follows Continental Resources shale move

  Continental Resources Inc. isn’t the only major U.S. driller to indicate plans for boosting its shale production while crude prices are high. At least another major firm has joined the Oklahoma City-based company in attempting to take advantage of prices that are more than $100 a barrel. Chevron has joined the list reported Bloomberg. …

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Solar projects hit by trade probe

    The nation’s $30 billion U.S. solar industry is in a quandary. Just as the industry was seeing rapid growth, it was hit by a Biden administration trade probe that resulted in a large slowdown in the availability of equipment. Projects throughout the U.S. were stopped in their tracks reported Bloomberg.   Click here …

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New Mexico transmission line closer to approval

  The Interior Department says it’s finished another environmental review of a proposed transmission line to carry wind-powered electricity from rural New Mexico to large cities in the western part of the U.S.   Click here for Associated Press

Colorado legislature works on bill to help cities hurt by coal plant closings

  Colorado legislators are a step closer to providing millions to help towns and cities recover from the closing of coal power plants and mines. Click here for Denver Gazette

Guymon water project gets $1 million funding from feds

  The city of Guymon received a $1 million grant from the U.S. Department of Commerce’s Economic Development Administration to expand and improve the wastewater system in its industrial park.   “Investing in Oklahoma’s communities ensures the creation of jobs and greater growth opportunities for businesses. I’m pleased the city of Guymon is receiving this …

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Additional energy headlines from US and World

** West Texas saw 59 earthquakes in the first three months of 2022, fueling worries that hydraulic fracking has stressed fault lines and is turning America’s oil-drilling capital into its earthquake capital. ** Chevron will produce at least 15% more from the Permian Basin this year compared with 2021, for a total output of about about …

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Stockholders held annual meeting at Williams

  This week’s annual meeting of stockholders of the Williams Companies Inc. included the retirement of two members of the Board of Director. Stephen I. Chazen and Charles I. Cogut retired from the board at the expiration of their terms at the April 26 annual meeting. Twelve director nominees were elected to one-year terms. They …

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Oil prices climb on Germany’s push to end Russian oil purchases

  Germany’s announcement that it was prepared to end Russian crude oil purchases and support a total ban prompted an increase Thursday in the world’s crude oil prices. In the U.S., West Texas Intermediate crude rose more than 3% or $3.34 to finish the day’s trading at $105.36 a barrel on the New York Mercantile …

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US and World energy headlines

** HighPeak Energy Inc. agreed on April 27 to acquire the Howard County, Texas, assets of Hannathon Petroleum LLC and other nonoperated working interest owners in a cash-and-stock deal estimated to be worth about $373.4 million. The bolt-on acquisition adds Midland Basin acreage largely contiguous to the company’s existing Signal Peak position where Chairman and CEO …

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Oklahoma manufacturing activity slowdown follows national trend

The Federal Reserve Bank of Kansas City released the April Manufacturing Survey showing a slight drop in activity in Oklahoma and the other states that make up the district, a movement that echoed what happened nationally. The announcement came on the same day that the U.S. Commerce Department revealed the nation’s economy shrank in the …

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