Reports indicate Biden will cut biofuel requirements

  Reports that the Biden administration is thinking of making big cuts to the U.S. biofuel blending requirements already had an effect on the industry. After Reuters reported the news, credits used to prove compliance with the requirements, called RINs, fell to 92 cents each, down from $1.07 in the previous session, traders said. “If …

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ConocoPhillips becomes Permian’s No. 2 producer after Shell deal

  Bloomberg reports ConocoPhillips’s purchase of Royal Dutch Shell Plc’s Permian assets will make it the second-largest producer in the world’s top shale basin, according to data from Enverus. It also leaves Devon Energy as the 8th largest producer in the Permian. Click here for Bloomberg.

Williams awaits production to resume in the Gulf

  Williams Companies Inc. indicated it is ready and waiting to receive natural gas from the offshore platforms in the Gulf that had been shut down because of damage from Hurricanes Ida and Harvey. The storm damage is still affecting numerous operations along the Gulf. Many suffered power outages and operations are stalled. Shell is …

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Crude oil prices rebounded Wednesday–so did OK energy stocks

  With U.S. crude oil stocks at their lowest levels in three years, prices rebounded in Wednesday’s trading and Oklahoma energy stocks enjoyed the ride up as well. U.S. West Texas Intermediate crude futures finished up $1.74 or 2.5% settling at $72.23. Global benchmark Brent crude also rose 2.5% with a $1.83 increase to finish …

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ONEOK announces major GHG reductions by 2030

  ONEOK, Inc. announced a companywide greenhouse gas (GHG) emission reduction target stating it expects to achieve an absolute 30% reduction of its emissions by 2030. The reduction would be compared with the 2019 base-year levels and apply to the company’s Scope 1 and Scope 2 emissions. The 30%, according to the announcement would amount …

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Sen. Inhofe wonders if EV industry is creating more superfund sites

  As the nation gets on board the rolling movement of renewable energy, it’s also clear Oklahoma U.S. Sen. Jim Inhofe has many reservations and questions about what to do with disposable pieces of wind energy production and electric car batteries. He focused on its during a Wednesday Senate Environment and Public Works Committee hearing …

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Devon Energy announces 3Q earnings report schedule

Oklahoma City-based Devon Energy Corp. announced it will report third-quarter 2021 results on Tuesday, Nov. 2. and investors will learn whether company leadership was correct in predicting more financial growth and strength. The release will be made after the close of U.S. financial markets. The earnings release and presentation for the third-quarter 2021 results will …

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Oklahoma Archeological Survey preserves cultural significance with Oklahoma Department of Transportation

  What do Oklahoma bridges and highways have to do with cultural preservation? More than you might expect, says Amanda Regnier, director of the Oklahoma Archeological Survey at the University of Oklahoma. A longstanding program between the survey and the Oklahoma Department of Transportation allocates resources to ensure that sites identified for state infrastructure projects …

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Senator warns Biden not to break campaign promises

  POLITICO reports the Biden EPA is expected to release proposed biofuel blending volume mandates on Friday, The news group said Iowa Sen. Chuck Grassley put the Biden administration on notice that if the 2021 volume level is below the figures of 2020, farmers will remember it at election time. “If we get a bad …

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Colorado oil and gas operator hit with $2 million fine

  Colorado energy regulators lowered the boom this week on oil and gas operator K.P. Kauffman. The firm was fined by the Colorado Oil and Gas Conservation Commission more than $2 million for a series of spills and leaks reported Fox 31 news. Click here for Fox 31 News.