January 2024 archive

Dividend announced by Williams Cos.

    Williams Cos. in Tulsa is continuing its historic run of dividends paid to shareholders since 1974. The company’s board of directors announced this week it approved a regular dividend of $0.4750 per share, or $1.90 annualized, on the company’s common stock, payable on March 25, 2024, to holders of record at the close …

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State’s Congressional delegation urges maximum training at FAA center

  Oklahoma U.S. Sen. James Lankford is said to have led the congressional delegation in urging the Federal Aviation Administration to do all it can to maximize its air traffic ccontroller training at Oklahoma City’s Mike Monroney Aeronautical Center. “We urge you to maximize the training capacity at MMAC as a tool to address the …

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Texas reports record solar power production over the weekend

    A report states that Texas broke a record for the amount of electrical power produced through solar generation. It was on Sunday when more than one third of the electricity on the state’s power grid came from the sun and experts indicated they believe it won’t be long before another solar generation record …

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Oklahoma Water Board continues work on statewide water plan

  The Oklahoma Water Resources Board plans another round of meetings this year as it works on the Oklahoma Comprehensive Water Plan. Owen Mills, Director of Water Planning for the Board recently reported on the December 2023 second in a series of statewide meetings held to develop the plan. Meetings engaged local officials, water utility …

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Late February release for Ovintiv Inc. 4Q earnings report

  Ovintiv Inc. plans to release its fourth quarter earnings report later in February. The Denver-based exploration company, one with significant operations in Oklahoma’s STACK play said it will announce the 2023 fourth quarter and year-end results after the close of market on Tuesday, Feb. 27. It will also hold a conference call the following …

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Lucas tackles sexual harassment issues in White House Science Office

    Oklahoma Congressman Frank Lucas appears to be busier than ever, now that he’s gotten medical clearance from doctors after his run-in with a stray bull several months ago on his western Oklahoma farm and ranch. A day after firing off a letter inquiring how Red China might be influencing U.S. energy and environmental …

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Argument for natural gas from economist Stephen Moore

  Economist Stephen Moore makes a case for natural gas and criticized the White House for delaying 17 major LNG projects in the U.S. “As we enter the frigid month of February, just remember this stat from our friend Harold Hamm, CEO of Continental Energy in Oklahoma City: “Just one shipment of natural gas heats …

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Oil and gas money and the New Mexico legislature

    Critics of oil and gas are claiming that nearly $800,000 in campaign contributions from the industry in New Mexico were responsible for the state legislature’s recent move to weaken new regulations targeting oil and gas. It was last week when a House committee  stripped a bill of new regulations that would have required oil …

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Energy quick reads

** The Biden administration has published a new rule for some gas and electric stoves to be more efficient — but these rules are significantly weaker than what was initially proposed reports The Hill. The Energy Department said in a press release that 97 percent of gas stoves and 77 percent of electric stoveson the market already meet …

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How China’s economic problems caused crude oil prices to drop Monday

China’s ailing property sector fueled demand worries in Monday’s trading and as a result, crude oil prices fell more than a dollar a barrel. Oklahoma energy stocks were left mixed but a few firms dropped 5% to 7% in trading. Traders reported took another view of the supply risk premium also because of those nagging …

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