In a speech on the floor of the Senate, Oklahoma U.S. Sen. Jim Inhofe went after the media and at the same time defended the Trump administration saying some of the needless rules and regulations created by the Obama administration have been reversed. “Some regulations and agency processes have a purpose and are important, but …
Tyson Poultry will pay a $2 million fine over a chemical dumping incident that happened three years ago at its Monett, Missouri operation and resulted in a fish kill. The company pleaded guilty recently in federal court in Springfield, Missouri to a federal misdemeanor charge of violating the Clean Water Act. The Joplin Globe reported …
Opponents of a proposed waste disposal well in the Kansas Flint Hills have lost their fight after the Kansas Corporation Commission this week approved the plans of an oil company. The KCC issued an order that concluded the opponents failed to prove and show “immediate danger to public health, safety or welfare” due to the …
Exxon Mobil added 22,000 acres to its Permian Basin holdings this week through a series of acquisitions and acreage trades. The new acreage adds to the company’s existing 6 billion barrels of oil equivalent Permian Basin resource base. In February, the company picked up 250,000 acres in the Delaware Basin from companies owned by the …
Murphy Oil Corporation based in El Dorado, Arkansas announced this week it is buying a 20 percent working interest in part of a deep water basin off the shores of Brazil. Murphy’s wholly owned Brazilian subsidiary, Murphy Brazil Exploracao E Producao De Petroleo E Gas Ltda will own part of the Sergipe-Alagoas Basin. It made …
New jobless figures show once again that Oklahoma’s energy industry remains a vital part of the economy. The State Employment Security Commission reports unemployment rates improved over the year for most counties in August. Rates were lower than a year ago in 62 of 77 counties, higher in ten and unchanged in five counties. Of …
Oklahoma U.S. Sen. Jim Inhofe joined New Mexico’s Sen. Martin Heinrich this week in introducing legislation that they said would ensure all transmission transactions are provided parity in the review process by the Federal Energy Regulatory Commission. Their Parity Across Reviews Act would also target renewable energy efforts that create challenges to transmission networks. “The …
Oklahoma City-based Chesapeake Energy announced Wednesday the offering of $750,000,000 in notes due in the coming years. The private placement to eligible buyers focuses on additional 8% senior notes due 2025 and 8% senior notes due 2027. The company stated that the new 2025 notes will be on top of the $1 billion in 8% senior …
The American Council for an Energy-Efficient Economy plans to release its 2017 State scorecard on Thursday and one of the states to be highlighted will be Oklahoma. The new scorecard will be released at 10 a.m. and ACEEE indicated there will be shakeups in state rankings with major improvements for Idaho, Nevada, Virginia, Florida and …
A three-year study of the Permian Basin in Texas and New Mexico indicates the giant play still holds up to 70 billion barrels of recoverable oil. The claim is made by energy researchers at IHS Markit based in Houston. They studied the basin’s key geologic characteristics to get a better estimate of the remaining hydrocarbon …