February 2016 archive

Rep. Morrissette to Make Run for Corporation Commission

Lost in the past week’s appearance by environmental activist Erin Brockovich at an earthquake forum in Edmond was the announcement by host, Rep. Richard Morrissette, D-OKC that he planned to run for the Oklahoma Corporation Commission.
The man who’s l…

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$6.5 million Judgment Against Pipeline Companies Over Wildfire

A jury in Stillwater has ordered two pipeline companies to pay more than $6 million in damages over a 2012 wildfire that was sparked by welders ignoring a day-old statewide burn ban.
The jury ordered IPS Engineering L.L.C. and Global Pipeline Co…

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$6.5 million Judgment Against Pipeline Companies Over Wildfire

A jury in Stillwater has ordered two pipeline companies to pay more than $6 million in damages over a 2012 wildfire that was sparked by welders ignoring a day-old statewide burn ban.
The jury ordered IPS Engineering L.L.C. and Global Pipeline Construc…

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Permits to Drill February 26 2016

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Another Promise of a Production Meeting Sends Crude Higher Thursday

Another promise of a meeting, another rally on the crude markets. April West Texas Intermediate crude added 92 cents on Thursday to settle at $33.07 a barrel on the New York Mercantile Exchange. April Brent crude gained 88 cents to end trade at $35.29 …

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Merger in Trouble Between Williams Cos. and Energy Transfer Equity

If the New York Times is right, serious problems have developed in the merger between Tulsa-based Williams Companies and Texas-based Energy Transfer Equity. The paper says that just five months after the two firms agreed to the deal, it has become a ni…

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Commissioners Won’t Support Anthony in Reopening Bribed Vote Rate Case

“There is bribery and corruption.” Commissioner Bob Anthony.

Oklahoma Corporation Commission chairman Bob Anthony was unsuccessful Thursday in convincing the two remaining commissioners they should reopen a nearly 25-year old Southwestern Bel…

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Commissioners Won’t Support Anthony inReopening Bribed Vote Rate Case

“There is bribery and corruption.” Commissioner Bob Anthony.

Oklahoma Corporation Commission chairman Bob Anthony was unsuccessful Thursday in convincing the two remaining commissioners they should reopen a nearly 25-year old Southwestern Bel…

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Newfield Exploration Reports Losses of $3.4 billion for 2015

Despite huge success with wells producing more than 2,500 barrels of oil a day in 2015 in northwestern Oklahoma, Houston-based Newfield Exploration joined the ranks of numerous other oil and gas companies reporting financial losses for the year. Newfie…

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Kimray to Join Ranks of Those Making Layoffs in Energy Downturn

Oilfield equipment manufacturer Kimray Inc. is making layoffs in the wake of the energy downturn that has seen the state lose thousands of workers in the oil and gas patch.
Kimray says it will cut its workforce by 10 percent beginning the first …

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