September 24, 2023 archive

Hearings Set on Capitol Hill This Week

The U.S. House Energy and Commerce Committee announced several subcommittee meetings are set for a busy week of hearings. While the Environment, Manufacturing, and Critical Materials Subcommittee will hold a legislative hearing on Wednesday morning regarding Revitalizing American Communities: Ensuring the Reauthorization of EPA’s Brownfields Program, the Innovation, Data, and Commerce Subcommittee will hear Proposals to Enhance Product Safety …

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Devon Energy Will Release 3Q 2023 Results on Nov. 7

Oklahoma City-based Devon Energy Corp. announced it will report its third quarter 2023 results on Tuesday, Nov. 7, after the close of U.S. financial markets. The earnings release and presentation for the 3Q 2023 results will be available on the company’s website at www.devonenergy.com. On Wednesday, Nov. 8, the company will hold a conference call at 10:00 a.m. CT …

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Congressman Brecheen Is Critical of Biden’s Ag Policy

In case you missed it, Oklahoma Congressman Josh Brecheen fought back against the Biden Administration’s war on America’s farmers and ranchers during a recent House Budget Committee markup on the budget for Fiscal Year 2024. “It is absolutely certain that rural communities have been greatly impacted by this Administration. Since this Administration took office, the …

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Court changes mind—allows wind transmission line to move forward

  The Grain Belt Express Transmission Line is moving forward again after an Illinois Appeals Court lifted a court order that had stalled its progress in the state. The line carries wind-powered electricity from Southwest Kansas and across Missouri and into Illinois and Indiana. The ruling allowing its movement forward came after the 5th District …

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Oil and gas rig activity drops again in Oklahoma and across the U.S.

  The declining numbers of oil and gas rigs in Oklahoma took another slide in the past week, as did the national rig count, reported Baker Hughes Co. on Friday. Oklahoma’s count fell by two to 37, far from the 65 rigs reported one year earlier. As a result, more rigs are no doubt being put …

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US crude prices maintain $90 a barrel level

U.S. crude oil prices held steadfastly on Friday to more than $90 a barrel, closing at just a few cents higher than the mark as markets focused on supply concerns stemming from Russia’s fuel export ban. Oklahoma energy stocks recorded moderate gains for the day. West Texas Intermediate crude closed up 40 cents or 0.5% …

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Xcel Energy gets funding for long-term energy storage projects

  Xcel Energy announced that it has received a grant of up to $70 million from the U.S. Department of Energy (DOE). The award will partially fund two long duration energy storage systems in Minnesota and Colorado. Each demonstration-scale system will be a 10 megawatt/1,000 megawatt-hour iron-air battery developed by Massachusetts-based Form Energy. The batteries …

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Floating LNG plant closer to reality in Mexico

  Mexico’s first floating liquefield natural gas plant is only a small step away from reality. The last major piece needed for the plant’s completion is set to leave a Texas shipyard in the coming week. Click here for Reuters  

Energy headlines

** Former President Trump took aim at Biden administration electric vehicle (EV) policy, claiming the president’s “ridiculous all-electric car hoax” is responsible for the United Auto Workers strike against major automakers. “Crooked Joe sold them down the river with his ridiculous all Electric Car Hoax,” Trump said on Truth Social in the early morning Saturday. “Within 3 years, all …

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