** Pioneer Natural Resources Company in Dallas announced that its Board of Directors declared a quarterly cash dividend of $0.55 per share on Pioneer’s outstanding common stock. The dividend is payable July 14, 2020, to stockholders of record at the close of business on June 30, 2020. ** Unemployment soared to record levels in Texas last month as …
Gasoline prices up a dime a gallon in Oklahoma
Motorists coming off the long Memorial Day holiday weekend saw gasoline prices jump at least a dime a gallon in Oklahoma, but they were still some of the cheapest prices seen in nearly two decades. Oklahoma’s average price for a gallon of regular gasoline was at $1.64 as of Tuesday morning, a dime more …
$1 billion carbon recapture plant proposed in North Dakota
It’ll take a $1 billion investment, but a company in North Dakota plans to build a record-setting carbon recapture plant. It’s the goal of Minnkota Power Cooperative located in Grand Forks, North Dakota which owns a coal power plant. The company calls it Project Tundra and Minnkota says its efforts to sequester and recapture waste …
Oil waste request to be considered by Oklahoma regulators
Nearly a month after the Oklahoma Corporation Commission granted an emergency shut-in request by a Tulsa energy company, oil prices were around $14 a barrel and the firm, LPD Energy contended it was a waste of oil. The Commission on a 2-0 vote with Commissioner Bob Anthony not voting, agreed and approved the emergency order. …
Remembering those who sacrificed for our freedom on this Memorial Day
Take time on this Memorial Day to pause and remember those who helped create and keep freedom in this country. Remember those who afforded you the opportunity to hold a family cookout, boat outing or picnic in the park. All it takes is a short remembrance of the true meaning of Memorial Day.
Montana judge rules against those fighting coal sales on public lands
Environmentalists and others fighting the Trump administration’s plan to revive an Obama-era moratorium against U.S> government coal sales on public lands in the West lost their case before a Montana federal judge. U.S. District Judge Brian Morris, in a ruling on Friday said President Donald Trump’s administration had fixed its initial failure to consider the …
Hertz files bankruptcy
After laying off at least 400 workers at its Oklahoma City operations in April, Hertz has gone to bankruptcy court. Hertz Global Holdings Inc. filed for bankruptcy in Delaware on Friday after travel restrictions and the global economic collapsed caused by the coronavirus pandemic crushed demand for the company’s rental cars. The Chapter 11 …
Energy news in brief
** Emails show the Bureau of Land Management may have violated its own rules in extending royalty breaks to oil companies and continuing lease sales during the economic downturn. ** Ohio regulators rule that an offshore wind project in Lake Erie can move forward under a condition that turbines not run at night for eight months a year, which the developer …
Senators want GAO to probe KC 46 tanker delays at Altus and elsewhere
Oklahoma U.S. Sen. James Lankford joined Democrat Sens. Maggie Hassan of New Hampshire and Jeanne Shaheen of New Hampshire in calling for the government to investigate ongoing delays of the KC 46 aircraft. The new refueling tanker is based in Wichita, Kansas but some are also based at Altus Air Force Base in Oklahoma. Lankford …
Pandemic slows protesters opposed to Keystone XL pipeline
Protesters opposing the Trans Mountain pipeline expansion in Canada say they’ve canceled demonstrations and events due to Covid-19, and have increasingly depended on phone blitzes and social media campaigns. But with work on big pipeline projects deemed essential, construction has continued through the pandemic, leaving activists to think about what on-the-ground actions they can take …