October 9, 2020 archive

ConocoPhillips Announces Increase in Quarterly Dividend

  ConocoPhillips announced an increase in its quarterly dividend amounting to 43 cents per share. The dividend is payable on Dec. 1, 2020, to stockholders of record at the close of business on Oct. 19, 2020. The dividend amounted to a one cent increase over the quarterly dividend of 42 cents per share announced in …

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Nation’s oil and gas rig count sees slight growth but is unchanged in Oklahoma

  The latest rig count provided by Baker Hughes Co. showed a slight increase of 3 rigs nationally while Oklahoma’s most recent numbers were unchanged from the previous week. Otherwise, the countless number of oil rigs in storage are gathering more and more dust as they sit unused. Oklahoma’s count held steady at only 12 …

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Former Commissioner writes of the dangers of anti-pipeline activism

  Former Oklahoma Corporation Commissioner Patrice Douglas voiced her concerns this week about what she called “the real consequences of anti-pipeline activism.” Writing in the Tulsa World, the former Commission chairwoman said, “Underlying most anti-pipeline activism is a fundamental misunderstanding of the rigor of the permitting process. She  explained that most pipeline projects, whether they …

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Money for pumps and tanks free

  Kansas, Missouri, Nebraska and Iowa are among 14 states receiving $22 million in U.S.D.A. grants to help gas stations, convenience stores and fuel distribution sites to upgrade pumps and fuel lines as part of a program to increase higher blends of ethanol fuel and biodiesel. U.S. Secretary of Agriculture Sonny Perdue announced the grants …

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A trio of New Mexican lawmakers is vying for the top Interior job in a potential Biden administration

  Some might suggest that Democrats eager to do more for America’s environment as well as control its energy industry are “counting their chickens before the eggs are hatched.” POLITICO reported a trio of New Mexican lawmakers are all jostling to become the next secretary of Interior should Democratic nominee Joe Biden win next month’s election. …

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Court Nixes Obama Methane Rule for Oil, Gas on Public Lands

  A Wyoming federal judge rejected an Obama administration rule intended to curb methane emissions, accomplishing in a day what the Trump administration failed to do in almost four years. The Bureau of Land Management’s Obama-era effort to cut methane emissions on public lands exceeded the agency’s authority,  ruled the U.S. District Court for the District …

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Mullin Statement on Son’s Completion of Rehabilitation from Traumatic Brain Injury

  Click here to watch Mullin’s announcement video. Nine months after the son of Oklahoma Congressman Markwayne Mullin suffered a traumatic brain injury in a wrestling incident, he has completed his rehabilitation and is back home in Oklahoma. Rep. Mullin announced his son Jim, completed his rehabilitation at the Centre for Neuro Skills in Bakersfield, …

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Bank survey shows energy industry is stabilized but job cuts grow in Oklahoma and other states

  Energy activity in Oklahoma, New Mexico, Kansas and Nebraska and other states that make up the Tenth District of the Federal Reserve Bank of Kansas City has stabilized somewhat but job cuts continued. Chad Wilkerson, Oklahoma City Branch executive and economist at the KC Federal Reserve Bank released the third quarter Energy Survey findings. …

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North Dakota proposes a pilot program for longer semis–“road trains”

  Those long-road triple semis like the kind used in Australia might be coming to North Dakota where a legislative committee voted overwhelmingly to support approval on state highways. The fully-stocked triple trailer “road trains” as they’re called will reach nearly two-thirds of the length of a football field and weigh nearly 360,000 pounds. Imagine …

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Chesapeake Energy takes another step in its bankruptcy

Oklahoma City’s Chesapeake Energy continues working to emerge from its Chapter 11 bankruptcy by early 2021 and as such, has entered into a confidentiality agreement with some of the holders of its debt. A filing of a Form 8-K with the Securities Exchange Commission indicated that as part of the agreement, Chesapeake agreed to publicly …

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