January 2025 archive

Trump uses inauguration speech to promote “drill baby drill”

President Donald Trump wasted little time after being sworn in as the nation’s 47th President to get right to the point about how he will deal with energy in the United States. “The inflation crisis was caused by massive over-spending and escalating energy prices, and that is why today I will also declare a national …

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Alliance Resource Partners to release 4Q earnings

  The largest coal mining company in the eastern U.S., Alliance Resource Partners, L.P. headquartered in Tulsa, will release its fourth quarter 2024 financial results before the market opens on Monday, February 3, 2025. The company leadership will hold a conference call to discuss the results at 9 a.m. Central Time. ARLP is a diversified …

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Only two of the nation’s oil plays saw a gain in rig activity

  Oklahoma’s Granite Wash play was one of two plays nationwide that saw a gain in active oil and gas drilling, according to the latest Baker Hughes rig count. The Granite Wash added one rig for a total of 9. The Eagle Ford play in South Texas also gained one rig to reach 44. Baker …

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Standard Lithium gets $225 million grant for South Arkansas

Standard Lithium Ltd., one of the major firms carrying out lithium development in south Arkansas just closed on a $225 million grant from the Biden administration’s Department of Energy as he goes out the door to be replaced by Donald Trump in the White House. Standard Lithium and Equinor, a global energy leader jointly own …

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Ovintiv prepares for 4Q earnings report release

  The fourth quarter and year-end results for Ovintiv Inc. will be released late next month. The oil and gas company, with active exploration in Oklahoma plans a release on Wednesday, February 26 after the close of markets. A conference call will be held the next day, Thursday, February 27 at 8 a.m. central time. …

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Landowners in Wyoming get possible push back ability in eminent domain for energy

  Oklahoma landowners who have joined forces to fight eminent domain used by renewable energy developers and utilities behind large transmission line projects are not alone in their efforts. Take for instance what has happened in Wyoming where legislators got the message and approved an eminent domain bill to stop companies that are not public …

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Wobbly is typical says State Treasurer of December revenue trend

  Oklahoma State Treasurer Todd Russ says the state saw a boost in revenue from the gross production tax on gas and oil but he still suggested it was in the process of making adjustments. “While the state’s revenue trends may seem wobbly, this is typical for the current economic conditions caused by Fed adjustments,” …

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New Mexico receives millions more for plugging abandoned wells

  The State of New Mexico just received another $5.5 million from the Department of Interior to help plug abandoned wells. The funding, announced through the Biden administration’s Interior Department also awarded $9 million to the state of California before Donald Trump was sworn into office. “These investments to address hazardous sites will create good-paying …

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Federal judge rules in Kansas lawsuit filed over 2021 Winter Storm

  Three years after Kansas felt the brunt of the 2021 Winter Storm Uri, a lawsuit filed against some of the natural gas providers is still alive and the subject of a federal judge’s recent ruling against the gas companies. U.S. Magistrate Judge Angel D. Mitchell in Kansas City ruled against the move by Concord …

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Energy briefs

** Just a few weeks after the Department of Energy’s Inspector General  issued a report urging the agency to halt all loans and loan guarantees from the Loans Program Office until it could ensure that it is complying with “conflicts of interest regulations and enforcing conflict of interest contractual obligations,” the LPO last week gave loan …

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