December 6, 2024 archive

Prediction of a 2025 world crude oil surplus sent prices falling on Friday

After analysts predicted the world will see a surplus of crude oil in the coming year, prices dropped by more than 1% on Friday. Adding to the woes, Oklahoma energy stocks fell as well. Observers say a supply surplus is likely even as OPEC+ decided to delay its output increases for three months. West Texas …

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New Mexico hits oil company with $48 million fine over environmental violations

New Mexico environmental regulators have hit Targa Northern Delaware LLC with a nearly $48 million fine and orders to do nearly $140 million in completion of projects and improvements to a processing plant. The New Mexico Environment Department (NMED) initiated an enforcement action against Targa Northern Delaware, LLC, a subsidiary of Houston, Texas-based natural gas …

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Ritter Communications works hand-in-glove to expand broadband services in Arkansas

    While Oklahoma has made recent strides of expanding its rural broadband service efforts in the state, a recent report showed neighboring Arkansas has led the nation in the increase of broadband connectivity since 2021. Arkansas’s success has also been due to Ritter Communications, a firm headquartered Jonesboro and serving 5 states. CEO is …

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Advocacy group argues Oklahoma’s anti-oil discrimination act threatens free markets

  The head of the advocacy group, Americans for Free Markets says Oklahoma Attorney General Gentner Drummond has it wrong in defending the state’s anti-oil discrimination act, the one called the Energy Discriminations Eliminations Act. John Wittman, executive director of the coalition of groups in support of free markets and economic growth, recently wrote how …

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Unit Corporation declares quarterly and special cash dividends

    Unit Corporation in Tulsa announced that its board of directors  declared cash dividends for the fourth quarter and a special payment to shareholders. a quarterly cash dividend of $1.25 per share of common stock for the fourth quarter of 2024 to be paid on December 27, 2024, to shareholders of record as of …

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