Author's posts
Magellan Midstream Considers Expansion of Texas Operations
Tulsa’s Magellan Midstream Partners is reaching out to potential customers for a possible expansion of the company’s western leg of its pipeline system in Texas. The company recently launched an open season to assess customer interest. Those who might become customers of such a proposed expanded pipeline have until May 9 to make binding commitments. …
The Goal of Creating More Jobs in Oklahoma
In the February edition of the Oklahoma Economic Report, State Treasurer Ken Miller is praising Gov. Mary Fallin for her efforts to create more jobs in Oklahoma. “Governor Mary Fallin has taken an active role in luring businesses to bring quality jobs to Oklahoma,” he wrote. “Data from the Oklahoma Employment Security Commission show that between January 2017 and January 2018 Oklahoma 25,000 jobs. Gov. Fallin …
Pruitt Promises More Transparency at EPA
More transparency. It’s what Scott Pruitt is promising as head of the EPA, according to a report by Radio Oklahoma Network’s Oklahoma Farm Report. EPA Administrator Scott Pruitt addressed over 300 members of the Iowa, Missouri, Ohio, and Alabama Farm Bureaus Wednesday, pledging his commitment to “providing America’s farmers with the transparency and regulatory certainty they …
Houston to Get Ethane Shipping Port
The Houston area shipping docks are about to get another export terminal thanks to an agreement announced between Energy Transfer Partners, L.P. and Satellite Petrochemical USA Corp. The two have entered into definitive agreements to form a joint venture called Orbit Gulf Coast NGL Exports LLC. The purpose is to construction a new export terminal …
Pruitt and Others Told—-Optics Matter When it Comes to Spending
Former Oklahoma Attorney General Scott Pruitt’s had a sit-down with White House officials about his spending as head of the U.S. Environmental Protection Agency. He and several others whose spending habits got the attention of the Trump administration not to mention critics.According to Vanity Fair, the White House has reportedly grown weary of hearing …
Democrats Move to Amend Revenue and Energy Taxation Bill
While the legislature struggles with a resolution to the state’s budget crisis and the oil and gas industry nervously await whether gross production taxes will be increased, there is activity regarding a revenue bill in the Oklahoma House of Representatives. Rep. Scott Inman has filed an amendment to an amendment on House Bill 2152 to …
Crude Oil Inventories Go Up—Oil Prices Continue to Drop
For another day, oil prices in the U.S. slipped Wednesday on news from the federal government that crude supplies rose by 5 million barrels for the week ended March 9. April contracts for West Texas Intermediate crude slipped 4 cents or 0.07% and settled at $60.92 per barrel. Brent crude on London’s ICE Exchange rose …
Wind Farm Battle in Oklahoma Reaches National Listening Audience
The fight between Oklahoma’s wind farm operators and the oil and gas industry has reached national listening audiences. National Public Radio recently focused on the battle in which some legislators have targeted the wind industry and moved to cut tax credits and put caps on credit payments. The story, with the help of StateImpact Oklahoma …
Compressor Station Fire Shuts Down Pioneer Operations in Texas Panhandle
A fire at a compressor station in the Texas Panhandle resulted in the shutdown of a Pioneer Natural Resources Company operation. The Dallas-based company said the March 6 fire resulted in extensive damage to the station located in Pioneer’s West Panhandle field. No injuries were reported and the fire was contained in the compressor station. …
Midstates Reports $85 million Loss in 2017
While in reported talks for a possible merger with SandRidge Energy in Oklahoma City, Tulsa’s Midstates Energy reported a net loss of $85 million in 2017 and a workforce reduction carried out in January 2018. The company released its 2017 and fourth quarter 2017 earnings report on Wednesday. The year-end loss was $85.1 million or …