May 13, 2023 archive

Dallas Fed President meets with Midland-Odessa leaders to talk about boom-bust cycles

  Dallas Fed President Lorie K. Logan met with Midland–Odessa business and community leaders in mid-April to learn about the area’s strengths, challenges and outlook. Midland–Odessa was the fifth stop in the 360° in 365 Listening Tour, as Logan travels through the Eleventh District reaching out to local constituencies so she can represent the district in …

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Gasoline prices at the pump fall in recent days

  The national average for a gallon of gas drifted lower by just four cents since last week to $3.54 down just two cents in the last week.  The lackluster movement can be attributed to higher demand for gasoline but a lower cost for oil canceling each other out. In Oklahoma, the gas average is …

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Coalition wants FERC to ban BlackRock from using ESG against oil and gas industry

  The states of Arkansas, Missouri and Texas are part of a 17-state efforts to prevent financial institutions from making investment decisions that affect the fossil fuel industry. Led by Indiana Attorney General Todd Rokita, the states have filed an effort in court to prevent the Federal Energy Regulatory Commission from reauthorizing BlackRock Inc, one …

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Clarksville, Arkansas to build state’s first hydrogen-powered power plant

    The first hydrogen power plant to be constructed by Syntex Industries will be a $250 million project in Clarksville, Arkansas, a city located along I-40 midway between Fort Smith and Little Rock. City leaders recently signed an agreement to build the company’s first Syntex Hydrogen Power Plant that will generate more than 500 …

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GOP states plan to challenge Biden’s latest power plant rules

  The Biden administration’s latest EPA proposal to target coal-and natural gas-fired power plants is under fire from Republican-led states who indicate they will challenge the plan. “Congress never authorized the president to wage war against the American people with these relentless administrative assaults on consumers and industries that supply reliable and sustainable access to …

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Devon Energy’s latest well production is in Blaine County

  Two Blaine County wells drilled by Devon Energy Production Company on a single pad produced not only more than 1,200 barrels of oil a day but more than 17,000 Mcf of natural gas too. The two Hornet wells are located at 4 14N 12W or a site about 6 miles west of the small …

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Empty coal train derailment investigated in Oologah

  Authorities are investigating a Friday night derailment of an empty coal train in Oologah in northeast Oklahoma. It was near the PSO power plant and the intersection of Highway 169 and 88. No injuries were reported but two of three rail crossings were blocked to traffic.  

Oil and gas rig counts dropped in Oklahoma and rest of the U.S.

  The nation’s oil rig count reported by Baker Hughes Co. plummeted 17 rigs in the past week and Oklahoma followed suit with a decline of 3. The national count dropped to 731. The number of oil rigs fell by 2 to 586 while the number of gas rigs dropped by 16 to 141. The …

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