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Pruitt Announces Rollback of Auto Emissions Standards
Scott Pruitt’s latest ethics issue over renting a Washington D-C condo from an energy lobbyist didn’t stop him this week from announcing a change in the nation’s fuel emissions standards. In doing so, he also took a swipe at the Obama administration and its EPA. “The Obama Administration’s determination was wrong,” said Pruitt about the …
Sierra Club Blasts Anti-Wind Legislators For Creating “a few bad bills”
The Oklahoma Chapter of the Sierra Club is critical of some anti-wind bills floating through the legislature. “This legislative session has been a doozy,” said Chapter Director Johnson Bridgwater in an email alert to followers. “While many attacks against the wind industry have been defeated, there are still a few bad bills making their way …
ConocoPhillips Wraps up Purchases in Permian, Louisiana and Canada
ConocoPhillips says it closed or entered definitive agreements for nearly $250 million in proceeds from the sale of non-core assets in the first quarter of 2018. In an update on disposition activities, the Houston company with major operations in Bartlesville said several small packages were also closed during the quarter in the Permian Basin. Another …
$1 billion Deal Finalized for Energy Transfer Equity
A more than $1 billion deal has been finalized between Dallas-based Energy Transfer Equity and Energy Transfer Partners L.P. and USA Compression Partners LP of Austin, Texas. USAC is known as one of the nation’s largest independent providers of compression services and paid $1.232 billion in cash for Energy Transfer’s CDM compression business. The final …
Two Workers Hurt in Pulling Unit Fire near Wewoka
An investigation is underway after an explosion and fire injured two workers on a pulling unit over a well site near Wewoka on Monday. The fire burned much of the rig and the two workers were rushed to local hospitals. One was medi-flighted, according to the Seminole County sheriff’s office. The unit was at a …
Oil Prices Take Another Downward Skid
Monday saw an extension of a drop in oil prices as they slipped by at least 3 percent in trading. Why? Experts say geopolitical concerns that were behind last week’s rally faded. West Texas Intermediate crude ended the day down $2.09 or 3 percent at $62.85 a barrel for May futures on the New York …
Energy Firms’ Fight Over “Trade” Secrets Leads to Texas Court Ruling
A legal fight between two energy companies over trade secrets has led to a Texas Supreme Court denial of a request from Terra Energy Partners LLC to force the defendant to reveal which trade secrets were allegedly stolen. The case stems from a 2016 lawsuit by Sanchez Oil and Gas Corporation which accused Terra Energy …
Oklahoma Gasoline Climbs to $2.42 Average
Gasoline and diesel fuel prices climbed again in Oklahoma in the past week with gasoline increasing 2 cents a gallon reaching a statewide average of $2.42 a gallon. The increases are part of a nationwide movement seen as marketers continue to get rid of winter-blend gasoline to make room for summer storage. AAA Oklahoma reports …
Legislator Tried to Blame Wind Industry for Some of Oklahoma’s Education Problems.
While an estimated 30,000 teachers walked out of the classroom on Monday and gathered at the state capitol, one legislator was blaming the wind industry for some of the funding problems in education. The charge came from Rep. Bobby Cleveland, a Republican whose district 20 in the State House includes Cleveland, garvin, McClain and Pottawatomie …
Survey Shows Continued Economic Growth in Oklahoma Thanks to Stronger Oil Prices
The February Mid-America Business Conditions Index released Monday by Creighton University showed continued improvements in Oklahoma. Economist Ernie Goss said Oklahoma’s index has remained above the 50.0 threshold for the last seven months, thanks to increased oil prices. He said the overall index from a monthly survey of supply managers improved to 60.5 from January’s …