Category: General

Williams and Chevron reach deal for increased natural gas production

  Williams announced that it has executed agreements with Chevron U.S.A. Inc. to support natural gas development in the prolific Haynesville Basin as well as the deepwater Gulf of Mexico. Williams will provide natural gas gathering services to Chevron’s 26,000-acre Haynesville dedication while Chevron has agreed to a long-term capacity commitment on Williams’ Louisiana Energy …

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Devon plans to focus on where the oil is—the Delaware Basin

  After reporting a historic cash flow in 2022, Oklahoma City’s Devon Energy made it clear where it intends to invest most of its capital and efforts in 2023—The Delaware Basin. Specifically, New Mexico’s side of the Basin. In its recent fourth quarter financial results report, Devon stated it had average production of 407,000 Boe …

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House Transportation Committee to consider legislative bills

  From school buses to motorcycles, the Oklahoma House Transportation Committee will meet Tuesday to consider four bills. During the 1:30 p.m. meeting, members will consider HB1067, a bill introduced by Rep. Josh West. He wants the Oklahoma Turnpike Authority to exempt school buses and law enforcement from paying tolls on turnpikes in the state. Another …

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Cherokee Nation to use $34 million grant to build larger broadband network

  The Cherokee Nation in eastern Oklahoma plans to leverage a nearly $34 million federal grant to build 240 miles of new fiber backbone in the area it serves in the state. The Broadband Infrastructure Development project, funded with an award of $33,946,876.75 will result in the installation of fiber and wireless technology directly connecting …

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Environmentalists pressure BlackRock to eliminate fossil fuel investments

  BlackRock Inc., the company that became the poster boy after it discriminated against investments in oil and gas firms, faced more pressure this past week from environmentalists to exit investments in fossil fuels. BlackRock’s actions prompted the  Oklahoma legislature to adopt last year the Energy Discrimination Elimination Act. During the financial conference where BlackRock …

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Energy briefs

** The Biden administration turned down a request for federal disaster assistance from Ohio Gov. Mike DeWine in the aftermath of the train derailment in the state earlier this month that led to a large release of toxic chemicals. ** Transportation Secretary Pete Buttigieg shifted part of the blame for the recent derailment of a train carrying toxic …

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Crude oil prices slipped Thursday and OK energy stocks were weak

  Another drop in oil prices. They settled lower on Thursday as the market wonders on a buildup in U.S. crude stockpiles plus whether there might be a Chinese demand recovery. West Texas Intermediate crude fell 10 cents to $78.49 a barrel on the New York Mercantile Exchange. Brent crude, the global benchmark, lost 24 …

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Oklahoma general revenue collections are high but slowing

  The state released general revenue fund collections for January showing a slowdown at the 7-month mark of the fiscal year. But they still could be on target for a record high by the end of the year. General Revenue Fund collections in January totaled $903.7 million, which is $107.1 million, or 13.4%, above the …

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Unexplained—wind turbine tower found leaning in Illinois farm field

  First we had wind turbines that came crashing to the ground in northern Oklahoma and other sites across the world. Now there’s the case of a 400-foot tall wind turbine in Illinois that started leaning at an obvious angle. RWE Renewables Americas LLC, based in Austin, Texas is investigating to learn why its tower …

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Crews remain at site of Keystone pipeline leak in Kansas

  Cleanup crews remain at the site of the Keystone pipeline rupture in Kansas two months after 55,000 barrels of oil spilled into a creek. NPR affiliate, KMUW reports about 4 miles of  the Mill Creek remain closed while workers pull oil-covered ice and water from the creek near the city of Washington. Click here …

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