July 26, 2021 archive

Friend of court briefs denied in Supreme Court challenge of Corporation Commissioner

  The efforts of two former legislators to join the Oklahoma Supreme Court lawsuit filed by former Rep. Mike Reynolds against Corporation Commissioner Todd Hiett were rejected by the court. Acting Chief Justice James R. Winchester signed the order on July 23 and it was made available this week on the court’s website. It offered …

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Crude oil slips in US but rises overseas

  After rebounding from last Monday’s drop, U.S. crude oil prices took a dip downward on Monday while European prices went up. West Texas Intermediate crude for September delivery took a 16-cent fall to $71.91 a barrel. Global benchmark Brent crude for September delivery rose 40 cents to settle at $74.50 a barrel on ICE …

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Groundwork efforts underway for regional crude oil pipeline in NW Oklahoma

  Woodward County Commissioners were scheduled to meet this week to consider approval of part of Navigator’s Borger Express Pipeline to stretch 195 miles from the Cushing storage hub to a regional refinery in Texas. The 16-inch line will be capable of transporting up to 90,000 barrels of oil a day and will be constructed …

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Public forums to be held for proposed NE Oklahoma transmission line

  Plans for a $100 million 80-mile electric transmission line across northeastern Oklahoma are a step closer to reality. Transource Energy, the partnership between Evergy and  American Electric Power, the parent company of Public Service Company of Oklahoma plans meetings next month with community and landowners in Tulsa, Creek and Noble Counties reported the Tulsa …

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Coal sales drive improved 2Q for Tulsa’s Alliance Resource Partners

  Tulsa’s Alliance Resource Partners, L.P. reported increased financial and operating results for the second quarter that ended June 30 compared to the first quarter of 2021. Led by higher coal sales volumes and oil & gas prices, ARLP’s total revenues increased 13.8% to $362.4 million, net income jumped 77.9% to $44.0 million and EBITDA …

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Dangerous wind farm to be repaired in Panhandle

  Repair work could begin in a month to an Oklahoma Panhandle wind farm that was found to be in dangerous disrepair, a wind farm OK Energy Today first reported earlier in the summer. Oklahoma regulators are reviewing the plans of the KODE Novus 1 and II wind farm according to a report by The …

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Oil and Natural Gas Accounted for $18.8 Billion of New Mexico’s economy in 2019

      A new analysis by the New Mexico Oil and Gas Association showed how the oil and gas industry contributed nearly $19 billion to the state’s gross domestic product in 2019. That’s 17.9% to New Mexico’s total. The study also said the industry generated an additional 1.5 jobs elsewhere in New Mexico’s economy …

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Energy news in brief

** A U.S. federal judge has ruled that Lithium Americas Corp may conduct excavation work at its Thacker Pass lithium mine site in Nevada, denying a request from environmentalists who said the digging could harm sage grouse and other wildlife. ** Kinder Morgan, Inc. has announced that it will pay a dividend of US$0.27 per share on the …

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Heat wave to bring record electricity demand in Texas

  While heat indexes were forecast to reach 110 in eastern Oklahoma this week, the power grid operator in Texas forecast a record high demand as air conditioners are cranked up this week to escape the growing heat wave. AccuWeather predicted temperatures will peak into the upper 90s throughout the week prompting the Electric Reliability …

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EPA raids on car shops fuel congressman’s bill

  The efforts of North Carolina Republican Rep. Patrick McHenry to target the EPA and its raids on car shops not only have the support of Oklahoma Sen. James Lankford, but are drawing more attention in the media. McHenry’s bill to make emissions-related changes to a street vehicle in order to convert it into a …

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