September 8, 2024 archive

Deadline extended in Corporation Commission’s lawsuit against fellow commissioner

  Oklahoma Corporation Commissioner Bob Anthony has been given 10 more days to respond to a lawsuit filed against him by fellow Commissioner Todd Hiett, a suit stemming in part from the sex and drinking scandal surrounding Hiett. Oklahoma Supreme Court Chief Justice M. John Kane IV granted a request from Anthony’s lawyer to extended …

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Arkansas Congressman wants faster approval of energy projects

    Arkansas Congressman Bruce Westerman wants Congress to do something about speeding the process of approving energy projects across the nation. He’s filed a draft bill, even as bipartisan talks are underway to meet the demands for a target. Rep. Westerman released a draft to revamp the National Environmental Policy Act. His plan would …

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Largest natural gas pipeline in the Permian Basin set to begin moving gas

Another natural gas pipeline, the biggest in the Permian Basin, is set to be launched to begin carrying natural gas to south Texas. The Matterhorn Pipeline will move 2.5 billion cubic feet of natural gas a day and according to reports last week, was already transporting small amounts of gas to the Gulf Coast. The …

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Oklahoma Treasurer says state’s revenues show “economic resilience”

Oklahoma Treasurer Todd Russ reports state tax revenues grew steadily over the past 12 months, reflecting a 0.12% increase. It also included a 2% gain for gross production tax revenue from oil and gas. Based on the latest Gross Receipts Report, he said the slight growth comes after a 0.30% rise in July and “highlights …

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Rig counts in Oklahoma and US slipped in past week

  The number of oil and gas rigs in Oklahoma declined by one in the past week, according to the latest Baker Hughes rig count released on Friday. Oklahoma’s count went from 39 a week ago to 38 in the past week. A year ago, the state’s number of oil and gas rigs actively drilling …

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Energy briefs

**The union representing Environmental Protection Agency (EPA) staff called on the agency to allow temporary remote work after Legionella bacteria was found at multiple EPA facilities around the country. ** The University of California at Davis and Innovative Genomics Institute are working to engineer the stomachs of cattle so they don’t produce the potent planet-warming …

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Crude oil prices finished Friday with a loss for the day and for the week

Investors will be hoping for improvements in crude oil prices and energy stocks as the new trading week begins. Oil prices closed down 2% on Friday and experienced a big weekly loss. Oklahoma energy stocks also recorded losses on Friday. Weaker than expected U.S. jobs data in August played a role in the drops. West …

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OSU teams with Vicinity Energy for low-emission steam in new medical center

    Vicinity Energy, a leader in decarbonization with the nation’s largest portfolio of district energy systems, has partnered with Oklahoma State University to provide chilled water and steam service to a new medical campus. This project will combine multiple existing buildings into a state-of-the-art hospital. Vicinity will serve the entire 58-bed medical-surgical inpatient hospital …

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Mach announces price on share offering to raise funds for more acquisitions

  Mach Natural Resources LP put a price tag on its public offering of more than 7 million shares, a move designed to raise funds for the company’s recent acquisition of assets in the Anadarko Basin and plans to make more such acquisitions. The firm announced the pricing of its public offering of 7,272,728 common …

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