September 2019 archive

Biden’s ties to oil and gas

While climate change has become a focal point of Democrats running for the White House, former vice president Joe Biden’s pledge not to take contributions from the oil and gas industry is being questioned. A report by the investigative website, Sludge reveals Biden’s connections to executives at Cheniere Energy, the Houston based firm building a …

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100-degree weather results in record electricity use in the Texas Panhandle

  When temperatures soared to at least 109 degrees in late August in the Texas Panhandle area, it resulted in a record use in electricity. Residents turned to their air conditioners to keep cool under the scorching sun on August 26 and Xcel Energy reported an all-time record use. Total demand around 5 p.m. on …

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International oil rig count slips from July

Baker Hughes, a GE company announced that the Baker Hughes international rig count for August 2019 was 1,138, down 24 from the 1,162 counted in July 2019, and up 130 from the 1,008 counted in August 2018. The international offshore rig count for August 2019 was 244, down 11 from the 255 counted in July …

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Falling rig count results in growing concerns in Oklahoma

  Many Oklahomas are out of work and the economy is hurting. “I have been worried for some time now,” said Russell Evans, Associate Professor of Economics, Executive Director, Steven C. Agee Economic Research & Policy Institute at Oklahoma City University. Mainly because the oil and natural gas industry, the largest source of the state’s …

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Cigarette butt leads to arrest 3 years after violent pipeline protests in North Dakota

DNA from a cigarette butt has led to the arrest in North Dakota of a man wanted for taking part in a riot three years ago in protest of the Dakota Access pipeline. The riot resulted in hundreds of thousands of dollars in damage. Morton County prosecutors also charged Lawrence Malcolm Jr., 23, of Sisseton, …

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Italian firm attempts to buy Energy Transfer gas pipeline

Reuters reports that Italy’s Snam is working on a bid for a stake in a $6 billion natural gas pipeline in the United States in what would be the gas group’s first foray outside Europe. The Milan-based company, controlled by state lender Cassa Depositi e Prestiti, is carrying out due diligence to buy a 33% stake …

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Rocky Mountain High isn’t so clean

Colorado took the unusual step of inviting the U.S. Environmental Protection Agency to downgrade the air quality rating of the state’s biggest population center, and not everyone thinks that was a good idea according to the Associated Press. The EPA held a hearing Friday on whether to lower the ozone status of Denver and eight …

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Warren vows to ban fracking if elected President

On my first day as president, I will sign an executive order that puts a total moratorium on all new fossil fuel leases for drilling offshore and on public lands. And I will ban fracking—everywhere. Sen. Elizabeth Warren. The promise from Oklahoma’s own Elizabeth Warren, the Massachusetts Democratic Senator who’s running for President is to …

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Oklahoma’s economy is still growing but oil and tax revenue is slowing

Oklahoma’s economy isn’t just zipping along but it continues to show growth, despite a slowdown of oil and gas tax receipts and a slight drop in income tax collections. It’s the summary offered by State Treasurer Randy McDaniel as he announced the August gross receipts to the treasury were up 3.2 percent compared to August …

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Permits to drill for September 6, 2019

Permits to drill issued on September 6, 2019. Creek County BIG BUCKS SWDW #1-33 SW, September 06 2019 33 15N 10E SWNWSWSE API: 03729435 Lat: 35.72829967955125, Long: -96.25395332349157 WFD OIL CORPORATION SH, DR, 3500 ft, BURGEN(3380) Ellis County PARKER #33-29, September 06 2019 29 24N 25W CN2N2SE API: 04522186 Lat: 36.52836114843294, Long: -99.8967289490781 WILL ENERGY CORPORATION SH, …

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