January 2025 archive

$25 million share buyback completed by Ascent Resources

  Ascent Resources, LLC announced the final results and expiration of its previously announced “unmodified reverse Dutch auction” tender offer to purchase for cash up to $25 million of some of its common shares. The offer by the Oklahoma City-based oil and gas firm included the Company’s Series A units and Series B units at …

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Trump moves quickly to reverse Biden’s EV mandate and other energy restrictions

  Drilling in Alaska, reversing Biden’s EV mandate, lightbulbs, dishwashsers, toilets and gas stoves—-all were targeted Monday by President Donald Trump in his executive orders signed within hours after he was sworn into office for a second term at the White House. On day one of his second presidency, Donald Trump signed executive orders reversing …

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Judge keeps lawsuit against Devon Energy and Nabors Drilling in New Mexico federal court

  Two and a half years after a derrickman working at a Devon Energy well site in New Mexico was killed, a lawsuit against the energy company and Nabors Drilling Technologies USA, Inc. continues in New Mexico federal court. The family of Jose Martin Moreno, Jr. sued Devon, Nabors and a man identified as Matthew …

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Regulators to consider wooden utility pole standards

    The issue of wooden utility poles used in Oklahoma and reviewed by state regulators goes before the Oklahoma Corporation Commission on Wednesday. Since November 2024, the commission has been exploring the issue of whether the utility poles allowed in the state meet certain standards. Are they strong enough to withstand certain kinds of …

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Energy briefs

** Former chairman of the Virginia State Corporation Commission, Mark Christie, was tapped by President Donald Trump to lead the independent Federal Energy Regulatory Commission on Monday.  Christie has served as a commissioner on FERC for four years and before that, he was chairman of the Virginia State Corporation Commission, a body that he served …

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Canoo tried to get Apple investments to stay alive

  Before it collapsed financially and filed bankruptcy, electric vehicle manufacturer Canoo tried to entice investments from Apple, hoping to save its plants in Oklahoma City and Pryor. It’s according to one report. Click here for PC Mag

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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