July 2024 archive

Ovintiv to release 2Q earnings report at end of the month

    The financial and operating results for the second quarter of operations by Ovintiv Inc. will be released on the next to the last day of the month. The Denver-based oil and gas company with drilling and exploration efforts in Oklahoma plans a release after the close of markets on Tuesday, July 30. Company …

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Energy briefs

** U.S. officials announced a $241 million settlement with Marathon Oil over alleged air pollution violations at dozens of the company’s oil and gas facilities on a North Dakota Indian reservation, saying it was part of an ongoing crackdown. ** More than a dozen Democratic senators called on Treasury Secretary Janet Yellen to relax guidelines around federal …

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Regulators and wrecker industry consider other changes following new towing rates

  Even after new rates were increased for nonconsensual towing in Oklahoma on June 1, the Oklahoma Corporation Commission and the towing industry in the state are exploring other improvements. At the request of the Attorney General, the commission’s Transportation Division launched a Notice of Inquiry early this month. As a result, OCC officials have …

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Correction about oilfield explosion investigation

  Our apologies but a correction is necessary regarding a story we linked you to last Friday regarding the recent oilfield explosion that injured four workers in Grady County. The Corporation Commission did not investigate and conclude the incident was an accident. Any such conclusion is up to other federal and state agencies. The OCC …

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US Senate honors the late Senator Jim Inhofe

  Senators James Lankford (R-OK), Markwayne Mullin (R-OK), and every member of the Senate supported passage Thursday of Lankford and Mullin’s Senate resolution to honor the life, legacy, and memory of Oklahoma Senator Jim Inhofe, after his death on July 9. The Senators were joined by their colleagues to honor Inhofe, Oklahoma’s longest-serving US Senator, and his long …

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Crude prices recorded gains on increased hopes for interest rate cuts

When crude oil prices registered a second straight day of gains, Oklahoma energy stocks also recorded a big day with one firm shooting up 9%. What might have sparked it was increased optimism for U.S. interest rate cuts because of a surprised slowdown in inflation.For the first time in a while, Brent crude actually settled …

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Wyoming Governor targets billionaire Bloomberg with emergency order

  The attempt by billionaire Michael Bloomberg and his Wyoming Outdoor Council to outbid oil and gas companies during a state-led oil and gas lease auction prompted Wyoming Gov. Mark Gordon to prevent environmental activist groups from driving up bids and keeping the land out of the hands of oil and gas firms. Gov. Gordon signed …

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Still dry areas of Oklahoma despite recent heavy rains

  Despite recent rains across Oklahoma, some areas of the state are considered to be in a severe drought. The latest U.S. Drought Monitor showed nearly 4% of the state is in the “severe” category, while Oklahoma has no areas that fall under the two driest and worst drought listings—that of Extreme Drought and Exceptional …

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New director named at OSU Hamm Institute for American Energy

  Oklahoma State University announced the appointment of Dr. Ann Bluntzer as the Executive Director of the Hamm Institute for American Energythis week. Bluntzer previously was the executive director of the Ralph Lowe Energy Institute within the Neeley School of Business at Texas Christian University. Hamm Institute founder Harold Hamm called Bluntzer an extraordinarily talented …

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Canoo wins “best of the best” international design award

  Leaders of Oklahoma City’s EV company, Canoo Inc. will head to Singapore in October to receive an international design award. The EV maker received what are known as Red Dot Design Awards, including the coveted “Best of the Best” award, which is awarded to pioneering designs, in the Red Dot: Design Concept 2024 for …

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