October 14, 2024 archive

Judge to consider request to dismiss Attorney General’s 2021 winter storm natural gas lawsuit

  An Osage County District Court judge will hold a hearing Tuesday afternoon on a move to dismiss the lawsuit brought by Oklahoma Attorney General Gentner Drummond against some energy producers who were accused of manipulating natural gas prices during the 2021 winter storm Uri. Judge Stuart Tate set the hearing for 3 p.m. Tuesday …

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OPEC’s oil output prediction sent crude prices down 2% on Monday

After OPEC lowered its outlook for the rest of this year and 2025 global oil demand, crude oil prices dropped 2% on Monday. At the same time, China’s oil imports slipped for the fifth consecutive month. West Texas Intermediate crude dropped $1.73 or 2.29% and settled at $73.83 a barrel on the New York Mercantile …

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Oklahoma Supreme Court to hear arguments in lawsuit against Corporation Commissioner Todd Hiett

  The Oklahoma Supreme Court on Monday issued an order setting a Nov. 12 date to hear oral arguments in the lawsuit filed by three state legislators seeking to remove Corporation Commissioner Todd Hiett from voting on rate cases involving three major utilities. Chief Justice M. John Kane IV signed the order stating that attorneys …

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Some labor unions support Kiamichi River hydroelectric plant opposed by SE Oklahomans

  By Mike W. Ray of the Southwest Ledger Literally hundreds of Oklahomans and north Texans have told the Federal Energy Regulatory Commission (FERC) that they oppose the hydroelectric power plant proposed to be built on the Kiamichi River in Pushmataha County approximately five miles south of Talihina, near Albion. Nevertheless, representatives of two labor …

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Energy Department report urges fast construction of nuclear reactors

  If the United States intends to meet its grid decarbonization goals or its nuclear power targets, the country needs to deploy fission reactors in volume — and it needs to get started today, according to the updated “Pathways to Commercial Liftoff: Advanced Nuclear” report by the U.S. Department of Energy. The document sets a …

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Arkansas lithium companies get early court win in continuing battle with mineral rights owners

    In an update from Arkansas Business, lithium companies in southern Arkansas have won part of their fight about royalties with mineral owners. But the fight is far from over. The publication reported that according to the Arkansas Democrat-Gazette, an administrative law judge indicated he will come down in support of the lithium companies …

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Landowners object to Phillips 66 pipeline site in Oklahoma County

    Phillips 66 is defending the route it chose to construct a pipeline through eastern Oklahoma County even as some landowners object to the project. The landowners near East Britton Road and North Midwest Blvd. contend the project will destroy their farmland. In a statement to  Fox 25 News, Phillips 66 also explained that …

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Will 3Q earnings for LSB Industries offset drop in 2Q?

  After a drop in net sales in the second quarter of the year, LSB Industries’ third quarter results will be released publicly in about two weeks. The company set the release date for Tuesday, Oct. 29 after the close of the stock market. Company leaders will hold a conference call the following day, Wednesday, …

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Helmerich and Payne set to release 4Q earnings report

  Will Helmerich and Payne again improve on its quarterly financial report to be released in the next several weeks? It’s the question investors want answered as the Tulsa-based company prepapres to release its fourth quarter 2024 earnings report and hold a conference call on Thursday, Nov. 14. John Lindsay, President and CEO along with …

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Texas and Oklahoma settle Red River boundary dispute

    Twenty-four years after the discovery that a Texas pumping station was mistakenly placed in Oklahoma’s boundary of the Red River, the two states have reached an agreement on a new border. The agreement was reached at a recent meeting of the Red River Boundary Commission and it means the North Texas Municipal Water …

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