January 2021 archive

Oklahoma Governor wants to hold negotiations with tribes over Supreme Court ruling

  Oklahoma Gov. Kevin Stitt wants to hold talks with Indian leaders to discuss how to proceed from last summer’s US Supreme Court ruling that in essence gave enforcement and regulatory authority to Indian Tribes covering nearly half of the state. “Now is the time to roll up our sleeves to resolve the issues raised …

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OCC website to be down for a few hours on Tuesday

  The website of the Oklahoma Corporation Commission will be down temporarily on Tuesday, Jan. 26, according to an announcement by the agency. “The Corporation Commission’s website will be unavailable Tuesday, Jan. 26, 2021 from 5:30 p.m. to 9:30 p.m. CST. This will allow the state agency that manages our Information Technology services to make necessary maintenance updates.  …

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Canadian Indian tribes say cancellation of Keystone XL was a “blow” to them

  While some Native American tribes in the U.S. stood up against the Keystone XL pipeline planned for Montana, South Dakota and Nebraska, Canadian tribes supported the controversial line killed by President Biden. Several invested $1 billion in the pipeline. Now they’re saying his actions were an economic blow to them. Some Canadian tribes actually …

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Oil prices fall again after more of Biden’s anti-oil and gas moves

  Crude futures took another blow on Friday as oil fell again. West Texas Intermediate crude, considered the benchmark of U.S. oil prices fell 66 cents at $52.27 for March delivery. That’s a drop of 1.62%. Global benchmark Brent Crude for March delivery dropped 69 cents and finished the day at $55.41 in trading on …

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New Mexico leaders fear Biden’s freeze of permits could be devastating for their state

  Unity? “How does this bring us together?” asked a New Mexico leader after President Biden put a 60-day freeze on new oil and natural gas leases and drilling permits on federal land in the state. Carlsbad Mayor Carl Janway made the statement joining a chorus of others in New Mexico who worry the temporary …

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Magellan and Enterprise announce creation of new WTI crude oil futures contract

  Tulsa’s Magellan Midstream Partners, L.P. joined with Houston-based Enterprise Products Partners L.P. in an agreement to jointly develop a futures contract to deliver West Texas Intermediate crude oil from the Permian Basin to terminals in Houston. The two explained the project was in response to market interest for a Houston-based index with what it …

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4Q distribution announced by Holly Energy Partners

  Holly Energy Partners, L.P. announced approval of a 4th quarter cash distribution of 35 cents a unit. The company’s board of directors okayed the distribution to be paid Feb. 12 to unitholders of record on Feb. 2, 2021. Holly Energy said it expects to hold the quarterly distribution constant at 35 cents per unit …

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GOP House members blast Biden’s freeze on federal oil and gas leases

  Republican members of a U.S. House caucus the House Energy Action Team or HEAT came out with a strong condemnation of President Biden’s latest move to target the oil and gas industry…the freezing of oil and gas leases for 60 days on federal lands and water. HEAT caucus members include Oklahoma Reps. Markwayne Mullin …

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OERB offers thousands in energy college scholarships

  The Oklahoma Energy Resources Board announced it’s again seeking student applications for thousands of dollars in college scholarships to those studying energy-related fields at state universities. Scholarship recipients, part of the OERB Petroleum Scholar Program, are selected through an application process based on their outstanding grades and work ethic. The application period for the …

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Energy news in brief

** The world is lagging behind the pace of change needed to avert catastrophic impacts from the climate crisis, John Kerry has warned in his first remarks as the US’s new climate envoy. ** Former Michigan Gov. Jennifer Granholm is scheduled to appear before the Senate Energy and Natural Resources Committee on Jan. 27 for her nomination hearing …

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