More disposal wells coming to Permian in SE New Mexico

  Matador Resources Company announced it is working on even more disposal wells for Southeast New Mexico and its share of the Permian Basin. The Dallas company said it started operating a fifth operated drilling rig in August for its midstream affiliate, San Mateo Midstream, LLC and for the purpose of drilling an additional salt …

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Baker Hughes revenue growth still slowed by COVID

  Baker Hughes reported its third quarter earnings saw a 1% drop in its revenue from the second quarter which totaled $5.1 billion even though it also had a 6% increase in orders for the quarter. Company leadership blamed slower growth on COVID-19. Revenue also slipped 1% year-over-year while the orders totaled $5.4 billion and …

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Energy news headlines

** Congressional Democrats consider reviving a carbon tax proposal after U.S. Sen. Joe Manchin’s opposition effectively killed the reconciliation bill’s proposed clean electricity program. ** Attorneys general in Southeast states ask Congress to reject methane taxes in the infrastructure and reconciliation bills. ** The U.S. Department of Energy awarded nearly $40 million to 40 projects that are advancing the next generation …

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Why Texas congressman are upset with Mexico’s President

    Congressmen from Texas are voicing complaints about the government of Mexico and its efforts to limit competition in the electrical power sector. As the Associated Press reported this week, some 20 U.S. Representatives from the state complained to U.S. Ambassador Ken Salzar about changes proposed by President Andres Manuel Lopez Obrado to restrict …

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Chesapeake Energy Corporation provides 2021 3Qearnings conference call information

    Chesapeake Energy Corporation announced that it will release its 2021 third quarter operational and financial results after market close on Tuesday, November 2, 2021. A conference call to discuss the results has been scheduled on Wednesday, November 3, 2021 at 9:00 am EDT. Chesapeake reported a $439 million net loss or $4.48 per diluted share in the …

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Edmond legislator wants air mobility development in Oklahoma

  Rep. Ryan Martinez, R-Edmond, on Monday held an interim study on advance air mobility (AAM) before the House Technology Committee. He invited state leaders to speak on the topic. Presenters from other states also shared their experiences in this emerging field, which includes unmanned aerial vehicle (UAV) technology, consumer product and passenger delivery, as …

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OCC staff wants to close energy storage inquiry

  A year after opening an inquiry into development of energy storage in Oklahoma, the staff at the Corporation Commission wants to close any more input from consumer and utility groups. In a recent notification, Brandy Wreath, head of the Public Utilities Division informed those who had participated in the inquiry over the past year …

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More radioactive oilfield waste disposal options in North Dakota

  Those Oklahoma energy firms carrying out oil and gas exploration in North Dakota’s Bakken might soon have a disposal well to rid of radioactive waste in the state. The North Dakota Industrial Commission recently approved the creation of a second well in McKenzie County where oil field waste would be mixed with saltwater into …

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Phillips 66 Partners declares quarterly cash distribution

  Phillips 66 Partners LP announced that the board of directors of its general partner declared a third-quarter 2021 cash distribution of $0.875 per common unit, or $3.50 per unit on an annualized basis. The quarterly distribution is payable Nov. 12, 2021, to unitholders of record as of Oct. 29, 2021. Headquartered in Houston, Phillips …

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US oil at $83 while crude prices in Europe hit $85

  Crude oil futures managed another large gain in Tuesday’s trading as prices in the US pushed closer to $83 a barrel while in Europe, crude finished at $85 a barrel. But the price climb didn’t help Oklahoma energy stocks for the most part. West Texas Intermediate crude for November delivery, trading on the New …

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