Valero Energy finishes $950 million merger of hubs and pipeline operations in Oklahoma and other states

In a move that will have direct impact on pipelines and oil terminals in Oklahoma, San Antonio-based Valero Energy Corp. has wrapped up a $950 million merger with a subsidiary. With the merger, Valero is taking over operations of Valero Energy Partners LP at $42.25 per share.  The master limited partnership has storage terminals as …

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Intense lobbying underway in Colorado where a drilling moratorium is at stake

Environmentalists aren’t the only ones who show they can lobby someone in Colorado. It’s where the state’s new governor Jared Polis, a Democrat has been lobbied not to enact a moratorium on all new oil and gas drilling in the state. It’s a moratorium that could directly affected a lot of Oklahoma based energy companies …

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Strong earthquake in northern Oklahoma

One of the strongest earthquakes in recent months in northern Oklahoma has geologists wondering at the U.S. Geological Survey and the Oklahoma Geological Survey. The USGS measured it at 4.4 magnitude when the quake hit Tuesday morning at 7:28 near the community of Hayward which is about 21 miles southeast of Enid. It’s in the …

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Court rules against President of former Kansas coal company in black-lung disease case

Just because the president of a Kansas coal company apparently didn’t do his due diligence doesn’t mean an insurance company has to cover for him. It’s the jist of a ruling by the U.S. 10th Circuit Court of Appeals in Denver which upheld a judge’s decision in favor of the Liberty Mutual Fire Insurance Company. …

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Republicans name new energy leaders in the House

With Democrats now in charge of the House, Republican leadership announced this week the naming of new leaders for some of the key energy and environment panels. Congressman Tom Cole will also be a ranking Republican on an Appropriations subcommittee. Energy and Commerce ranking member, Rep. Greg Walden of Oregon announced that Kentucky Rep. Brett …

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Another OGE Director acquires millions in company shares

   Yet another director at Oklahoma Gas and Electric reported the acquisition of a large amount of company shares. Its newest director just picked up more than $12 million in shares. In a filing with the Securities and Exchange Commission, Dav.d E. Rainbolt reported the acquisition of 314,703 shares valued at $12,500,000. Each share under …

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Tallgrass Energy declares dividend

  Tallgrass Energy, LP, the Kansas City-based pipeline company that carries oil throughout the Midwest including to the oil hub at Cushing, Oklahoma has announced a quarterly dividend. The dividend of 52 cents a share was declared for the fourth quarter by the board of directors. It translates into an annualized rate of $2.08 per …

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President signs nuclear power act into law

President Trump has signed into law a nuclear modernization act co-sponsored by Oklahoma U.S.  Sen. Jim Inhofe. “The Nuclear Energy Innovation and Modernization Act is critical for the revitalization and improvement of our nation’s nuclear energy industry,” Inhofe said. “Nuclear energy has played an important role in the complex energy network of our country, but as …

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Midstates Petroleum launches offer to buy back 5 million shares

Tulsa-based Midstates Petroleum Company, Inc. announced this week it is offering to buy up to 5 million shares of its outstanding stock, a financial move worth $50 million. It amounts to nearly 20 percent and the company offered $10 a share. The tender offer represents nearly 19.7% of Midstates’ outstanding common stock. The $10 offer …

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State regulators seek changes in railroad rules in Oklahoma

The Oklahoma Corporation Commission staff holds its first technical conference on Wednesday as it makes changes to its rules regarding railroads. Some changes apply to trains blocking a crossing. The Commission wants the ability to conduct a compliance audit should a train block a crossing more than 10 minutes. The audit would explore the frequency …

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