March 21, 2024 archive

Crude oil ended weaker following Thursday’s trading

Weaker U.S. gasoline demand data led Thursday to a drop in crude oil prices. Adding to the pressure was a UN draft resolutlion that called for a ceasefire in Gaza. West Texas Intermediate crude for May fell 20 cents or 0.3% to $81.07 a barrel on the New York Mercantile Exchange. Global benchmark Brent crude …

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ConocoPhillips to release 1Q earnings report in early May

    Make a note if you are an investor in ConocoPhillips. The oil and gas company plans to release its first quarter 2024 financial results before the market opens on Thursday, May 2. It will followup the release with a conference call on the same day at 11 a.m. central time where leadeers will …

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Oil and gas leaders berate those who want green energy now

  Green energy took at hit this week as oil and gas leaders gathered for the annual CERA Week conference in Houston, Texas. There, the heads of some of the leading oil and gas companies complained that the effort by the Biden administration and other world leaders for a clean energy transition was “visibly failing.” …

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Wyoming Senator joined Lankford in targeting Janet Yellen

  Wyoming U.S. Sen. John Barrasso used the same hearing as Oklahoma U.S. Sen. James Lankford to target the Biden administration’s anti-oil-and-gas policies as Treasury Secretary Janet Yellen attempted to defend them. He too pressured Yellen about the administration’s $110 billion tax hike targeting American energy. Senator Barrasso called out Secretary Yellen and the Biden …

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Sen. Lankford takes on Treasury Secretary about buying Venezeulan and Iranian oil

  Oklahoma U.S. Sen. James Lankford had some pointed words and questions of Treasury Secretary Janet Yellen why the Biden administration is targeting American oil and gas producers while at the same time the nation is buying more oil from Venezuela and Iran. It came during a Senate Finance Committee hearing on the President’s Fiscal …

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Arkansas EV truck maker gets 200 vehicle order for Texas firm

(Cab chassis electric trucks wait for assembly with customizable back ends at Envirotech’s facility in Osceola in 2023 (Terrance Armstard)   Arkansas-based electruck truck manufacturer, Envirotech Vehicles Inc. of Osceola announced it had finalized a deal to provide 200 electric trucks to a Texas company. The order came from PlugD Commercial Electric Leasing and Rentals Inc., …

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Oklahoma Energy Producers Alliance convention starts in OKC

  Vertical well drillers in Oklahoma gather Friday in Oklahoma City for the annual convention of the Oklahoma Energy Producers Alliance. Held at the Embassy Suites Hotel on North Phillips Avenue, the convention will begin with a 9 a.m. welcome by David Little, OEPA Chairman. A general session on Energy Rogue will begin at 9:15 …

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Energy assistance program started by Oklahoma’s Human Services Department

    Oklahoma Human Services is now accepting online applications for the Low Income Home Energy Assistance Program (LIHEAP) Energy Crisis Assistance Program (ECAP) at OKDHSLive.org. ECAP crisis criteria is verified directly with the utility provider: Households which have an active cut-off notice for the utility on the day of application Written notice from their utility …

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Scam Alert issued by Oklahoma Corporation Commission

  Scam Alert!     The Oklahoma Corporation Commission (OCC) has been notified of emails being sent to Oil and Gas Operators from a “no reply” sender claiming to be from OCC. The email is claiming outstanding fees are due, and that permitting fees will be increasing. If you get such an email, do not click …

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Attorney General quiet about status of winter storm natural gas investigation

  We’re approaching eight months since Oklahoma Attorney General Gentner Drummond announced the launching of an investigation into the 2021 winter storm that led to historic natural gas prices in the state. As the Oklahoma Watch found out, there has been little progress, at least publicly, about the investigation. If there is progress as promised …

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