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OGE to present new Resource Plan to corporation commission
The Oklahoma Corporation Commission will hold a special meeting on Tuesday to consider OGE’s 2018 Integrated Resource Plan. The 10 a.m. meeting in the Jim Thorpe Office building will also be an opportunity for shareholders to review and discuss the plan. The commission is not expected to vote on the IRP. As Oklahoma Gas …
Trucker shortage has some pushing for teenage truck drivers
Imagine a teenager just out of high school driving an 18-wheeler down the interstate? It’s what some are proposing in the face of a nationwide shortage of truck drivers. Critics contend such a move would only increase the dangers on the nation’s highways. But there are bills in the U.S. House and the Senate to …
Sen. Warren wants to force companies to make climate change disclosures
Massachusetts U.S. Sen. Elizabeth Warren, the former Oklahoman who contends she is part Native American but cannot prove it, now wants corporations to make climate change disclosures. The Democratic Senator has unveiled the Climate risk Disclosure Act which would force corporations to reveal to the public and investors how much they are contributing to climate …
Cheniere Energy announces LNG agreement
Houston’s Cheniere Energy Inc., the firm building a 200-mile natural gas pipeline in Oklahoma announced Monday it’s subsidiary has entered into a LNG sale and purchase agreement with Vitol Inc. Cheniere Marketing, LLC agreed to sell 0.7 million tons a year of liquefied natural gas to Vitol for 15 years beginning this year. . “This …
Hurricane flooding causes collapse of coal ash site in North Carolina
A North Carolina coal-ash landfill, similar to the one best known at Shady Point in southeast Oklahoma collapsed over the weekend because of rain from Hurricane Florence. A spokeswoman for Duke energy said about 2,000 cubic yards of ash, or enough to fill 180 dump trucks, were displaced at the closed L.V. Sutton Power Station …
NGL announced redemption of $367 million in notes
Tulsa’s NGL Energy Partners LP announced that it has called for redemption all $367,048,000 aggregate outstanding principal amount of its 6.875% Senior Notes due 2021. On October 16, 2018, registered holders of such notes will receive a redemption payment of 101.719%, or $1,017.19 per $1,000, of the principal amount thereof, plus accrued and unpaid interest thereon, to …
Former Cromwell fugitive oilman convicted of defrauding investors
Cromwell oil company owner Kevin Wieck has been found guilty of defrauding investors in his firm. He was convicted by an Oklahoma City federal jury on ten counts of wire fraud and five counts of money laundering. Wieck, 52 owned and operated Wieck Oil Company, LLC and received $1.17 million from investors in Tulsa, Edmond, …
Small earthquakes shake Oklahoma, Missouri and Texas
The U.S. Geological Survey reported at least two small earthquakes in Oklahoma over the weekend along with others in southern Missouri and West Texas. The strongest of the Oklahoma earthquakes measured 2.7 magnitude and occurred in an area where there is active oil and gas drilling and wastewater injection wells. Scientists contend the wastewater wells …
Rig counts are up in Oklahoma and the rest of the nation
Oil and gas rig counts were up in Oklahoma and across the rest of the nation in the past week. Oklahoma’s count grew by 2 to reach 139 while nationally, the count was up 7 to reach 1,055. Baker Hughes Co. reported the national count included an increase of 7 oil rigs to reach 867 …
Completion reports from Sept. 14, 2018
Completion reports from Sept. 14, 2018 BLAINE COUNTY Continental Resources Inc Mississippian – Woodford: Oil 11 Gas 5948 Water 2880 Flow 7 14N 13W B Perkins 1-7-18xh, June 09, 2018 HH, GAS, TD: 23842 ft Lat: 35.71007, Long: -98.63025 API: 35011238440000 Continental Resources Inc Mississippian(16986): Oil 557 Gas 7543 Water 2487 Flow 18 15N 12W Lenard Trust 1-18-19xh, January 08, 2018 HH, OIL, TD: 22237 …