October 2024 archive

U.S. Rep. Brecheen makes case to FERC why Kiamichi River power project should be denied

    Oklahoma Congressman Josh Brecheen made known his opposition of a proposed Kiamichi River hydroelectric power project to the chairman of the Federal Energy Regulatory Commission. In a letter sent this week to Willie L. Phillips, chairman of FERC, Rep. Brecheen stated, “This project would, without due process, deprive Oklahomans of the constitutional right …

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Quarterly dividend declared at ONEOK

  A nearly one dollar quarterly dividend was declared by the board of directors of ONEOK, Inc. The announcement explained the dividend totaled 99 cents a share and was the same amount of the dividend declared for the previous quarter. It would amount to an annualized dividend of $3.96 per share. ONEOK indicated the dividend …

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Energy briefs

** Alaska officials urge a court to dismiss youth advocates’ lawsuit alleging a state-sponsored proposed liquefied natural gas pipeline and export terminal would exacerbate climate change. ** Amazon.com Inc. and billionaire financier Ken Griffin are among the backers anchoring a $500 million investment in small nuclear reactors, a burgeoning technology heralded as the next era for …

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Judge hears motion to dismiss “price fixing” winter storm lawsuit

    The Osage County District Judge assigned the “price fixing” lawsuit filed by Attorney General Gentner Drummond against a natural gas provider over historic high prices during the 2021 Winter Storm Uri heard arguments this week to  dismiss the case. Judge Stuart Tate heard oral arguments Tuesday and took the matter under advisement. His …

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Crude oil experienced slight drop in prices on Wednesday

  Slight drops in crude oil prices were recorded Wednesday, leaving crude at nearly a two-week low following about a 7% drop in this week’s trading. The slide followed forecasts for small oil demand growth and speculation whether Israel will or will not attack Iran’s oil and gas industry. West Texas Intermediate crude tumbled 19 …

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First freeze of the fall hit northern Oklahoma

  Yup, there was definitely frost on the pumpkins in some parts of Oklahoma Wednesday morning. While gardeners raced to cover their remaining tomato and pepper plants, temperatures dropped to the 20s in the northern counties. It was cold enough to make oil rig workers and cowhands bundle up with a layer of warmer clothing. …

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Could one Oklahoma energy firm be interested in Exxon’s sale of Bakken assets?

    Whether it caused excitement at Oklahoma City’s Continental Resources we’re not sure, but an announcement by ExxonMobil Corp. to sell some of its Bakken assets certainly made the headlines. Continental Resources is one of the major producers in North Dakota and what Exxon had to reveal must have raised eyebrows in the boardrooms …

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Fort Sill’s water system not apparently affected in cyberattack on US water utility

  Fort Sill apparently was not affected by a recent cyberattack on American Water, the largest water utility in the U.S. and one that services water distribution at the Army post and 17 other military installations across the country. The New Jersey-based company confirmed this week in a  a security statement on its website that it had …

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Nabors drilling just grew with acquisition of Parker Wellbore in exchange of shares

  Nabors Industries Ltd., with a field office in Oklahoma City, just expanded its global drilling operations with the acquisition of Parker Wellbore. Nabors made the deal by acquiring all of Parker’s issued and outstanding common shares in exchange for 4.8 million shares of Nabors common stock, subject to a share price collar. The transaction …

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Another win for Williams Cos. in legal spats with Energy Transfer

Another legal win for Williams Companies in its legal fight with Energy Transfer. The Federal Energy Regulatory Commission decided this week against Energy Transfer’s request to review Williams Companies’ Louisiana Energy Gateway pipeline. “We deny Energy Transfer’s petition for the Commission’s issuance of an order to Williams to show cause,” stated FERC in the recent …

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