December 14, 2023 archive

Crude oil gained 3% in Thursday’s trading while OK energy stocks made advances

As crude oil prices rose 3% in Thursday’s trading, largely boosted by a weaker dollar and a new international oil demand forecast for next year, Oklahoma energy stocks gained from 4% to 6%. The demand forecast came from the International Energy Agency which lifted its demand forecast for the coming year, a move that saw …

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Power group warns of insufficient electricity in some regions this winter

  A new report from the North American Electric Reliability Corporation (NERC) predicts a large part of the North American region is at risk of “insufficient electricity supplies” during peak winter conditions this year. In a report to regulators across the country, including those in Oklahoma, NERC declared, ” Prolonged, wide-area cold snaps threaten the …

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Phillips 66 sets 4Q earnings report date

  Bartlesville employees of Phillips 66, the company formerly headquartered there and now in Houston, will learn the company’s financial results next month. The company wil release the fourth-quarter and full-year 2023 financial results on Wednesday, January 31, 2024. Executive management will also hold a webcast at 11 a.m. Central Time to discuss the results …

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Sustainability report issued by Helmerich and Payne

  Helmerich & Payne, Inc. suggested in its 2023 Sustainability Report released this week that it might go even further than reducing its GreenHouse Gas emissions, a practice it’s done since 2021. In the new report, the Tulsa-based company explained it sets CARE or Control and Remove Exposures goals every year as part of environmental …

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Colorado gets federal funding to study rail passenger service in the Front Range

  While Oklahoma and Kansas are focused on a study to extend Amtrak’s Heartland Flyer from Oklahoma City north to Newton, Kansas, in Colorado, the focus is on a call to create rail passenger service in the eastern part of the state—the Front Range. In fact, the proposal is called the Front Range Passenger Rail …

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Reps. Brecheen and Hern voted against defense spending Act

  The $900 billion national defense funding act that won approval Wednesday and Thursday in the Senate and the House did not have the support of two Repulican congressmen in Oklahoma. Reps. Josh Brecheen and Kevin Hern were in the “no” column when the House approved the measure that would allocate $152 million to various …

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National Defense funding act includes $152 million for Oklahoma military installations

  Oklahoma’s military installations secured $152 million in funding as part of the $900 billion National Defense Authorization Act for Fiscal Year 2024 that won approval Wednesday in the Senate and Thursday in the US House. Approval in the Senate was on an 87 to 13 vote while in the House, the vote was 310 …

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Kansas AG refiles lawsuit against same natural gas marketer who supplied Oklahoma utilities during 2021 winter storm

  Oklahoma Attorney General Gentner Drummond might have new fuel to support any legal action his office takes for the natural gas market manipulation he alleges occurred during the 2021 Winter Storm Uri—the one where gas prices soared by more than 1,000%. Kansas Attorney General Kris Kobach, the AG who’s led the movement to hold …

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$100 million expansion announced by Dessault Falcon Jet in Little Rock

(Gov. Sarah Huckabee Sanders speaks at a news conference on Tuesday, Dec. 12, announcing the expansion of the Dassault Falcon Jet facility in Little Rock. (Arkansas Democrat-Gazette/Thomas Metthe)   A $100 million expansion of the Dassault Falcon Jet plant in Little Rock, Arkansas was announced this week, a move that will increase the employment by …

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Unit Corporation completes $50 million sale of Texas Panhandle assets

  Unit Corporation’s $50 million sale of some of its assets located in the Texas Panhandle was completed this week. The Tulsa Company said the December 13th completion involved what it described as “certain non-ccore oil and gas” assets and the sale was subject to the customary post-closing adjustments. The Divested Assets consist of approximately …

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