January 19, 2024 archive

Devon Energy opens requests for DEI grants

  Devon Energy has opened applications for its 2024 grants, dedicated to bolstering organizations that drive progress in diversity, equity, and inclusion (DEI) across its operational areas.  “Devon seeks to help strengthen the communities where we live and work,” said Christina Rehkop, director of community relations for Devon. “The goal of our Diversity, Equity and …

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Crude down on Friday but still gained for the week

Friday’s crude oil trading resulted in a slight fall in prices but they were still ahead for the week. It appears Middle East tensions and disruptions to oil output countered growing worries about what China’s economy might do to oil demand. As for Oklahoma energy stocks, most recorded slight gains for the day. West Texas …

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OGE says very few power outages occurred during frigid weather

  In a cold weather update, OG&E indicated its customers experienced very few power outages in the most recent frigid weather that gripped Oklahoma. The utility said its system performed 99.96% of the time and onlly 2% of customers experienced an outage for a brief length of time before OG&E crews were able to restore …

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Nebraska moves quickly on canal project to move Colorado water

  The more than 100-year fight over water between Nebraska and Colorado is moving into another stage as Nebraska is not letting dust gather on its plan to spend $628 million on construction of a major canal to move water from Colorado’s northeastern plains to reservoirs in western Nebraska. The water will come from the …

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NGL gets $700 million new loan facility and plans to release 3Q earnings

  NGL Energy Partners LP and its subsidiary announced plans for a new seven-year $700 million senior secured term loan facility to use the funds to refinance existing debt. It also said it will release its third quarter earnings report in early February. Along with NGL Energy Operating LLC, it also intends to pay related …

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ONEOK earnings report to be released

    ONEOK, Inc. announced it will release fourth quarter and year-end 2023 earnings after the market closes on Feb. 26, 2024. ONEOK’s executive management will participate in a conference call the following day. What: ONEOK fourth quarter and year-end 2023 earnings conference call and webcast When: 11 a.m. Eastern, Feb. 27, 2024 10 a.m. …

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AG Drummond says Stock Exchange did the right thing

  Attorney General Gentner Drummond is commending the New York Stock Exchange for listening to him and his fellow attorneys general by withdrawing a proposed rule change that would have allowed the listing of “Natural Asset Companies” (NACs) on the exchange. Drummonded described NACs as a “novel corporate structure” designed to take land off the …

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USGS maps where it believes damaging earthquakes could hit in the US

  The U.S. Geological Survey admits it is not in the business nor the practice of predicting where and when earthquakes will occur in the U.S. But the agency that is familiar to Oklahomans because of the number of oilpatch-related earthquakes in the past several years, recently issued new maps of the U.S. showing areas …

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Hydrogen fueling stations for 18-wheelers coming to Texas

  A recently-announced $70 million grant from the Biden administration is expected to result in the first hydrogen fuel stations at Texas truck stops within five years. The plan by the North Central Texas Council of Governments, which includes Dallas-Fort Worth, calls for the hydrogen stations will be located at existing truck stops within the …

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Energy quick reads

**A Virginia lawmaker introduced a bill last week that, if passed, would prohibit the utilities Dominion Energy and Appalachian Power from charging customers for many of their political activities.  The bill, HB 792, would bar Virginia’s investor-owned electric utilities from charging their customers for their dues to trade associations, lobbying of government officials, advertising and other …

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