Crude oil makes another gain after EU considered phased-in ban of Russian oil

Thursday’s trading brought another and stronger rebound in crude oil prices as the European Union revealed it might phase in a ban on oil imports from Russia. The rebound came as published reports indicated the Europe Union might adopt the phased-in ban of Russia oil in order to give Germany and other EU members time …

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Earnings report date set by Chesapeake Energy

  Chesapeake Energy Corporation plans an early-May release of its 2022 first quarter operational and financial results. The release will be after the close of markets on Wednesday, May 4. A conference call to discuss the results is scheduled for Thursday, May 5 at 8 am. central daylight time. Chesapeake reported $563 million in net …

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New Mexico adopts nationally leading oil and gas emissions rule

New Mexico adopted new air quality rules this week that it claims will eliminate hundreds of millions of pounds of harmful emissions a year from oil and gas operations in the state. The Environmental Improve Board announced Thursday that the new rule came after two and one-half years of collaborative public and stakeholder engagement, a …

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Claims of ‘misleading’ leveled against attorney in ONG ratepayer bond case

  A day after an Oklahoma Supreme Court referee heard arguments in the $1.4 billion ONG ratepayer-backed bond request by the Oklahoma Development Finance Authority, former legislator Mike Reynolds filed another protest saying the ODFA attorney continued to make false, misleading and contradictory statements to the Court about the case. In a Thursday filing with …

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Baker Hughes reports increased rig counts in US and Oklahoma

  The number of oil and gas rigs in Oklahoma and the U.S. grew in the past week according to the Baker Hughes rig count that was released a day earlier than normal because of the Easter Holiday and Good Friday. Oklahoma’s county increased by one to a total of 51 working rigs. Nationally, Baker …

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Enverus shows increase in U.S. rig count

  The U.S. rig count was up by seven week over week at 766 rigs as of April 13, according to Enverus Rig Analytics. Activity levels are down 0.4% in the last month and up 48% YOY. The count was as high as 770 in the last week, which is up nine compared to the …

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Permian permits hit record high in March

  Horizontal drilling permits for new wells in the Permian Basin hit an all-time high in March, with 904 total permit awards, driven by elevated oil prices and production demand, Rystad Energy research shows. Weekly approved permits have hovered between 188 and 227 since March 7, 2022, an unprecedented period of high activity that pushed …

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Candidates file for Oklahoma Corporation Commission

  The first day of the candidates’ filing period in Oklahoma produced two candidates for Oklahoma Corporation Commissioner. Republican State Sen. Kim David of Porter officially emerged as an official candidate for the seat held by Commissioner Dana Murphy. She had made it known for several months of her intention to run for the seat. …

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Work begins on new EV plant in Texas

  While Kentucky is getting a $2 billion electric vehicle battery factory to be built by a Japanese company and Hyundia plans to invest $300 million to add an electric vehicle assembly line at its Alabama plant, a Spanish EV manufacturer is starting construction of a new plant in Arlington, Texas. Wallbox, the Barcelona-based manufacture …

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Lawsuit could affect wind industry growth in Iowa

  A lawsuit by a tenant farmer in Iowa has the potential to change wind energy construction in Iowa. It’s a suit the wind industry is watching closely. The issue involves the tenant farmer who opposed construction of a wind farm on the land he leases even though the land owner approved of the project. …

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