A new study by geophysicists at Southern Methodist University in Dallas shows two giant sinkholes near the small West Texas towns of Wink and Kermit have grown unstable and could increase in size. The sinkholes are a mile apart and satellite radar indicates they appear to be expanding and according to the researchers, …
Oklahoma City-based Chesapeake Energy Corp. was back in a New York federal court this week fighting with bond trustee Bank of New York Mellon Corp. over hundreds of millions of dollars in contract damages stemming from what was described as a botched bond buyback. The fight is over a reversed May 2013 order by Manhattan …
Oklahoma congressman Steve Russell and other members of the U.S. House Committee on Oversight and Government Reform await a response from Secretary of State John Kerry after issuing a second subpoena against his Department in its probe of the Keystone XL pipeline issue. The GOP-controlled Committee issued the subpoena last week to force the …
While the nation’s average gasoline price increased seven cents a gallon in the past two weeks, the average in Oklahoma rose just two cents, hitting a statewide average of $2.15 a gallon, according to the latest Fuel Gauge Report from AAA Oklahoma. The nation’s average is up to $2.38 a gallon, the most expensive average …
After looking into federal records following a June 3-firey crude oil train derailment in Oregon, reporters for The Oregonian and OregonLive have discovered the Union Pacific railroad has been fined more than $7 million in a two-year period. The fines were for safety violations from 2014 through 2015. An Oregon Department of Transportation Inspection found …
Tulsa-based Public Service Company of Oklahoma is seeking a Request for Proposal for firm natural gas transportation service for calendar year 2017, according to a company press release issued on Monday. PSO, a subsidiary of American Electric Power, is seeking the RFP to serve its natural gas-fired power plants. The Oklahoma electric utility provides service …
Months after a 10 percent reduction in its workforce, oilfield manufacturing equipment company Kimray, Inc. of Oklahoma City announced Monday it planned to lay off 120 workers by the end of the week. The reason is no surprise to anyone in the energy industry. The company blames the prolonged industry downturn. The company’s first reduction …
All five Oklahomans in the U.S. House were among those who helped congress make clear its opposition last Friday to a national carbon tax and the President’s plan for a $10–a-barrel tax on crude oil. The House passed its condemnation on a 237-163 vote saying such a carbon tax proposal “would be detrimental to …
Plans by German chemical giant BASF SE to build a massive plant along the Gulf Coast in Texas have been temporarily shelved because of volatile prices. It was nearly 15 months ago when the company announced plans for the largest single-plant investment with a planned annual production of 475,000 metric tons of propylene. But now …
When Toyota completes its new North American headquarters in Plano, Texas, the electrical power provided to the operation will be 100 percent renewable energy. MP2 Energy, a full-service power company based in The Woodlands, Texas has been awarded a five-year retail electricity contract for the headquarters. The campus will be 2.1 million square feet …