February 2024 archive

Gulfport to trim gas exploration costs as low prices plague industry

    Gulfport Energy Corporation reported a major drop in net income in the fourth quarter 2023 compared to the previous quarter. As a result of low natural gas prices, the firm is doing what others across the U.S. are doing….reducing some of its expenditures on natural gas exploration. The Oklahoma City company released its …

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Government wants to locate renewable energy farms at nuclear waste site in New Mexico

Southeast New Mexico where some of the nation’s nuclear waste is stored is now being considered as a site also for clean energy projects. The U.S. Department of Energy issued a request for information (RFI) to identify industry partners who might be interested in locating clean energy projects on the DOE land which is also …

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Nearly 500,000 acres burned in Texas Panhandle wildfire—100,000 in Oklahoma

  While dozens of wildfires were fought across Oklahoma on Monday and Tuesday as dangerous 40 mph and 50 mph winds stoked them, they were small compared to the massive wildfire burning in the Texas Panhandle. An estimated 100,000 acres were burned in wildfires in Oklahoma and three firefighters injured according to News 9 TV …

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Devon recorded stronger quarterly growth and plans to devote more into the Permian Basin

  Devon Energy only grew stronger in the fourth quarter of 2023 with record-settling oil volumes and net earnings of $1.2 billion or $1.81 per share. The Oklahoma City company released its earnings report following the close of markets on Tuesday showing adjusted core earnings of $902 million or $1.41 a share. It had operating …

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Crude made gains on Tuesday….WTI pushes closer to $80 a barrel

  Crude oil prices recorded a jump of a dollar a barrel in Tuesday’s trading and it came as OPEC+ reportedlly is thinking of extending its voluntary oil output cuts into the second quarter of the year. West Texas Intermediate crude rose $1.29 or 1.7% to settle at $78.87 a barrel on the New York …

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Dedicated OK Energy Today writer made her mark

  One of the writers who helped bring you energy news here at OK Energy Today over the past several years was Alisha Davidson. She substituted for me whenever I took time off and proved to be a most capable and reliable writer, eager to provide information for our readers.  Friendly too and she became …

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$1 billion in new EPA funding includes mining site near Oklahoma’s Tar Creek Superfund site

  The latest energy funding from the Biden administration’s Environmental Protection Agency includes more than $1 billion in a third and final wave for cleanup projects at more than 100 Superfund sites across the country. One of the projects is a mining site in southeast Kansas and adjacent to the Tar Creek Superfund site in …

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Oklahoma farms to receive USDA funding for renewable energy projects

  Four Oklahoma farms are among an estimated 400 across the nation set to receive part of the USDA’s $144 million Rural Energy for America Program. The program was announced Monday by Agriculture Secretary Tom Vilsack who said the project, with the cooperative of the Energy Department, will help small and medium-sized farms save money …

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Wildfires spread across Oklahoma as winds up to 50 mph add to dangers

  Strong winds of 40mph to 50mph on Tuesday in Oklahoma left firefighters hoping for relief from the growing number of wildfires in the state. The Oklahoma Forestry Services put it this way—-“Verry-high fire danger” will be present with “extreme fire risk in far western Oklahoma.” The “verry” was not a typo. It’s how the …

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Oklahoma gas prices are 20 cents higher than a month ago

  While the recent spike in the nation’s gasoline prices might have taken a brief rest, prices are still much higher than a month ago. The U.S. average is $3.27 per gallon while Oklahoma’s average is $2.87. The Oklahoma average price is up four weeks from a week ago and 20 cents higher than a …

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