September 2024 archive

South I-35 corridor in Oklahoma to be focus of major widening project

  Oklahoma Transportation Commissioners were cautioned this week that traffic problems along the I-35 corridor to the Red River in Southern Oklahoma will need close observation as Oklahoma moves forward with Texas in widening the interstate. “We’ve got a lot of things happening down there that we’ve got to pay attention to.” Tim Gatz, Executive …

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More than $524 million offered for Gulfport Energy Corporation’s senior notes

    Oklahoma City’s Gulfport Energy Corporation announced the final results and expiration of the previously announced cash tender offer  by Gulfport Energy Operating Corporation, a wholly owned subsidiary of Gulfport, to purchase any and all of the outstanding 8.0% Senior Notes due 2026 of Gulfport Operating. As of 5:00 p.m.on Monday, New York City …

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Lucas supports bill targeting Red China’s theft of American research and technology

The U.S. House passed a bill this week to protect America’s federal research agencies and universities from foreign threats, a measure Oklahoma Congressman Frank Lucas says is aimed at Red China and its research thefts. Lucas chairs the House Science and Technology Committee and spoke on the House floor in support of H.R. 7686, which is …

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Valor Energy wraps up asset acquisitions in Oklahoma Panhandle and SW Kansas

  The Dallas-based company, Valor Energy Partners, LLC, has completed the acquisition of the Northwest Flats Unit, a water flood project development located in Texas County, OK and Morton County, KS in a privately negotiated transaction. It is a deal that gives Valor more holdings in the Oklahoma Panhandle and southwest Kansas. Morton County’s largest …

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Investors might back off energy projects as courts reject permits

  Two recent decisions by the courts in cases that went against energy permits could have a harmful effect on the energy industry—especially oil and gas. That’s the opinion of some who reviewed the decisions. In question were permits approved by federal regulatory agencies but later overturned by court challenges of environmental groups. Click here …

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More Oklahoma funding to reduce diesel emissions from school buses

    Oklahoma’s Department of Environmental Quality says its latest offering of grants under a Clean Diesel program  to reduce diesel emissions in public school buses could be as much as $1.3 million. It depends on whether the state gets more federal funding for diesel, gasoline, propane, natural gas and all-electric powered school bus replacements. …

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Energy briefs

** From heat protections for workers to restrictions on toxic chemicals, the Biden administration is set to leave several of the significant environmental and health protections it has floated unfinished. The fate of many of these regulations likely depends on the outcome of November’s election, as a Harris administration would probably continue them, while a Trump …

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EPA changes stance over expanded open records from oil and gas operations in Colorado

  Environmental groups in Colorado are disappointed after the Environmental Protection Agency backed off initial demands for more open records of emissions from oil and gas operations. The EPA originally supported the demands of environmental organizations that sought more records from polluters and to make the records for easily accessible. But a federal lawsuit by …

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Cooler weather won’t last long in the state

  Talk about cool weather!  Check out the early-morning temperatures Monday in southeast Oklahoma….the low to mid-40s. And it wasn’t far from hitting the 30s. Guess what’s returning? The heat. The Oklahoma Mesonet also depicted the lack of rainfall in the state.

Tropical storm raises concerns about Gulf oil production—crude prices are up

    The possibility that a hurricane might hit Louisiana this week sent crude oil prices up about 1% on Monday. Investors and others expressed concerns that the storm could cause a disruption in production as well as refining along the U.S. Gulf Coast. The U.S. benchmark, West Texas Intermediate crude rose $1.04 or 1.5% …

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