March 4, 2024 archive

SandRidge Energy’s 4Q financial results to be declare this week

  SandRidge Energy will release its fourth quarter and full year 2023 financial report this week. Details will be made available after the close of trading on Wednesday, March 6. Company leadership will discuss the results during a Thursday morning conference call scheduled for 10 o’clock on March 7. SandRidge had third quarter net income …

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Crude oil prices dropped on Monday along with OK energy stocks

Monday saw a drop in crude oil  and natural gas prices in the US and across the world while Oklahoma energy stocks dropped as well. West Texas Intermediate crude for April delivery tumbled $1.23 per barrel to $78.74 on the New York Mercantile Exchange. Global benchmark Brent crude dropped 75 cents to close at $82.80 …

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Young House Speaker designate to lead issues on energy next year

  A state legislator from Bristow, Rep. Kyle Hilbert will be the top man in charge of the state House next year and he will be responsible for leading efforts to handle energy bills and legislation. Hilbert is the new Speaker Pro Tempore after being elected Monday morning by the Oklahoma Republican Caucus as speaker-designate …

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State agency releases plan to attack Oklahoma’s fossil fuel emissions

  While some Oklahoma leaders are critical of what they contend is the Biden administration’s heavy-handed approach to forcing the state and the nation to adopt an extensive green energy approach, one state agency is out with a plan to target Oklahoma’s oil and gas industry, manufacturing, electricity production and its use of fossil fuels. …

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Federal regulators are close to decision on transmission line buildout

  Federal regulators might decide in a matter of a few weeks on a final rule regarding transmission lines and how they are sited and how their costs are shared between states. It could have a big impact in Oklahoma where there has been an ongoing debate over whether to give utilities the power of …

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Red cedar tree infestation adds to wildfire dangers in Oklahoma

  Fourteen years after former Oklahoma City Rep. Richard Morrissette convinced the legislature that the state’s red cedar tree infestation was becoming a serious fire and water issue, it remains so. Back in 2010, Morrissette’s work led to the Eastern Redcedar Initiative Act signed into law by Gov. Brad Henry. His continued efforts  in succeeding …

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ONEOK’s annual meeting date is set

  ONEOK set the date for its annual meeting in May. The company said it will be a virtual only meeting on Wednesday, May 22 and will begin at 9 a.m. Central Time. It will be available through a live webcast. Registration will open on April 3. The record date for shareholders to receive a …

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Williams to expand natural gas line in Virginia

    An expansion of the Williams Cos.’ Transco pipeline in Virginia is being launched as the company plans public meetings in surrounding towns and cities. Williams is adding more than 26 miles of 42-inch-diamter pipeline in Pittsylvania County. The project is to be part of the Tulsa-based company’s proposed Southeast Supply Enhancement project to …

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Energy quick reads

** A powerful blizzard in northern California intensified over the weekend, leaving drivers stranded and knocking out power to thousands of homes. A second system could bring more snowfall to the region, according to the National Weather Service. ** Owners of Nissan Leaf electric cars have accused the firm of “dumping its pioneers” after it announced …

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Xcel Energy power pole suspected cause of million acre fires in Oklahoma and Texas

    Only about 15% of the wildfire that burned more than 1 million acres of land in the Texas Panhandle and western Oklahoma is under control as state officials call for an investigation into what caused the fires. One belief is a downed power line caused the blaze and attorneys for one land owner …

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