July 2020 archive

Vow of unity after Supreme Court rules against Oklahoma

Thursday’s U.S. Supreme Court ruling overturning a Denver Federal Appeals court decision that had upheld a state criminal prosecution on Indian land in eastern Oklahoma evoked responses from the state attorney general, the state’s congressional delegation and even Oklahoma’s largest oil and gas group. It also leaves the state of criminal prosecution in certain areas …

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Gulfport Energy’s annual meeting to be “virtual”

Leadership at Oklahoma City’s Gulfport Energy Corporation has decided the COVID-19 pandemic will force the firm to hold a virtual-only annual meeting next week. The company blamed the public health impact of the coronavirus and the importance of safeguarding the health of stockholders, employees and directors for not holding an in-person meeting on Thursday, July …

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Banks fund climate-changing group in Colorado

    Four of America’s biggest banks are backing a new nonprofit initiative to leverage the financial sector toward achieving climate-change goals. The Rocky Mountain Institute (RMI) is launching a center focused on climate supported by Wells Fargo, Goldman Sachs, Bank of America and JPMorgan Chase according to Axios. Banks have increased their rhetoric on the …

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Nebraska firm creates partnership for expansion of solar projects

They didn’t indicate in which states the projects will be located, but Capital Dynamics, a Swiss asset manager and energy developer Tenaska of Nebraska announced a partnership this week on a 4.8-gigawatt solar portfolio in the Midwest and Southeast. The two will work together on developing 24 solar projects expected to come online by 2023, …

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Colorado Governor taking heat over lack of action on environmental pledges

  Colorado’s Democrat Gov. Jared Polis is taking some heat for not following through on his green-environment political promises made when he ran for the office. As the Colorado Sun reported, environmentalists aren’t happy with him since the state’s Air Quality Control Commission missed a July 1 deadline to issue draft rules to meet the …

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Wells in Canadian and Grady Counties are the latest to be completed in the state

  Denver-based Camino Natural Resources LLC reports the completion of a recent well in Oklahoma’s Canadian County. The company filed a report this week on the Cowabunga 1207 3-10 1mxh well located at 3  12N 7W which is at the northeast edge of the city of El Reno. The well had production of 589 barrels …

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Enable sets 2Q earnings report release date

  Oklahoma City-based Enable Midstream Partners, LP, a company with more than 14,000 miles of pipeline operations in the U.S. plans to release its second quarter earnings report next month. The company announced it will release the financial results before the market opens on Wednesday, Aug. 5. The release will be followed by a conference …

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New board member named at Phillips 66

  The board of directors of Phillips 66 has appointed Julie L. Bushman to serve as an independent director, effective July 8, 2020. Bushman will serve on the Audit and Finance Committee and the Public Policy Committee of the board. Following the appointment, the board of Phillips 66 will comprise 11 directors, 10 of whom …

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Drilling permits dropped 69% in Texas from a year ago

  The amount of drilling permits issued in Texas by June of this year was down 69% compared to a year ago. The country’s biggest-oil producing state handed out less than one-third of the oil and gas drilling permits compared to June 2019, thanks largely to the COVID-19 pandemic and its harmful effect on the …

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Energy news in brief

  ** U.S. greenhouse gas emissions tumbled 18 percent this spring as a result of the coronavirus pandemic that crippled the economy, according to a new analysis released this week. ** Communities from Georgia to Illinois have expressed outrage over their elevated cancer risk stemming from emissions of a toxic gas from neighboring medical sterilizing facilities, and EPA …

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