June 2020 archive

Winds result in unhealthy air advisory from OK DEQ

Those strong 30 mile an hour winds that raced across the western half of Oklahoma on Tuesday resulted in a warning about air quality from the Oklahoma Department of Environmental Quality. Nearly 40 counties were under the DEQ warning and health advisory that said the air conditions caused by the strong winds were “unhealthy for …

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Bankruptcy speculation results in stoppage of Chesapeake Energy trades

    With more speculation about Chesapeake Energy’s reported intentions of moving closer to pulling the trigger on a Chapter 11 bankruptcy filing, shares that jumped 182% on Monday plunged 74% on Tuesday forcing the New York Stock Exchange to halt trading. Reports indicated that the stock market initially stopped Chesapeake shares from being traded …

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ConocoPhillips considers restoring wells to full production

The chairman and CEO of ConocoPhillips says the company is giving careful consideration to returning most or all of its wells to full production. In a video-taped interview, Ryan Lance said the goal is to “bring investors back into the business.” He also revealed about a third of the company’s wells are shut-in because of …

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Refinery operators in Wyoming say it’s not easy meeting biofuels standards

Wyoming petroleum refineries say meeting the federal government’s Renewable Fuel Standard can be tough, and a recent court ruling could make it harder. It’s a court ruling that was against a refinery operator in Oklahoma. Click here to read story from the Casper Star Tribune.

New Mexico works on plugging 700 abandoned wells

Regulators and lawmakers think a new federal fund would help New Mexico solve its problem of what to do with nearly 700 abandoned oil and natural gas wells. Click here to read the copyrighted story from the Albuquerque Journal.

Legislator upset over plans to charge fees to enter Oklahoma parks

State Rep. Jim Grego, R-Wilburton, today said he was in total dismay after learning of the Oklahoma Tourism and Recreation Department’s plan to start charging fees to enter state-owned parks, which traditionally have been free except for extra amenities. Rep. Grego worked tirelessly alongside Rep. Johnny Tadlock, R-Idabel, during the past legislative session trying to …

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OU Energy Institute to explore demands for elimination of fossil fuels

    In response to the impact of pandemic-related global demand destruction for energy resources, the University of Oklahoma Energy Institute is launching a new webcast series Monday, June 15, at 12:00pm. The complimentary series will be available online at price.ou.edu/energywebcast. The premier episode will feature Mr. Scott Sheffield, President and CEO of Pioneer Natural Resources, who …

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US House members want Trump to deny biofuels waivers

A bipartisan group of 44 House members led by Reps. Abby Finkenauer (D-Iowa), Dave Loebsack (D-Iowa), and Roger Marshall (R-Kan.) on Monday called on President Donald Trump to deny requests by oil states to grant waivers to Renewable Fuel Standard requirements. Oklahoma Gov. Kevin Stitt is one of those governors who made a request last month. At least one refinery in …

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Energy news in brief

** Energy companies begin to resume oil and gas production in the Gulf of Mexico after Tropical Storm Cristobal blew through. **  Of nearly 80,000 Iraqis who worked in the oil fields in March, an estimated 15,000 are out of work after the government asked international oil companies to cut their budgets by 30%. ** The American Legislative Exchange …

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Mammoth Energy says report proves value of its hurricane contract in Puerto Rico

Oklahoma City’s Mammoth Energy Services, Inc. says a Rand Report shows the company’s service fees were legitimate and accurate as the company worked to restore electrical power following the 2017 Hurricane Maria that devastated Puerto Rico. It used the Freedom of Information Act to obtain the report from the federal government. The company announced Tuesday …

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