December 25, 2016 archive

Natural Gas and Crude Oil Futures Advance on Friday

Crude oil prices edged higher on Friday, settling at a 52-week high during an abbreviated holiday trade, according to Bloomberg MarketWatch. On the New York Mercantile Exchange, February West Texas Intermediate futures added 7 cents, or 0.1%, to settle at $53.02 a barrel, marking its highest closing value since July 14, 2015. For the week, …

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One Case where Scott Pruitt Supported the EPA

While environmentalists and some Democrats continue attacking Oklahoma Attorney General Scott Pruitt as Donald Trump’s choice to be the new Director of the U.S. ¬†Environmental Protection Agency, one recent story highlighted Pruitt’s efforts to assist the EPA. Pat Rizzuto at Bloomberg News wrote how Pruitt actually backed the EPA in strengthening a chemical law during …

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Halliburton Announces Tentative Settlement to 14-year old Class Action Lawsuit

  A 14-year class action lawsuit against Halliburton might be about to come to an end soon in the U.S. District Court for the Northern District of Texas. Halliburton says it has reached an agreement to settle the Erica P. John Fund lawsuit and will fund nearly $54 million of the $100 million settlement fund …

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STACK Interest Continues to Grow in Oklahoma

Little wonder the Oklahoma Corporation Commission decided last week to make a peremptory move about fracking and earthquakes in the SCOOP and STACK, the state’s two most active oil plays. Just a quick review of the drilling permits as published by OK Energy Today and issued for activity in the STACK, comprised of the drilling …

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Sierra Club Challenges Corporation Commission’s Decision on OGE Plant

The Oklahoma Sierra Club’s taken its fight with the Oklahoma Corporation Commission and a decision allowing OGE to install coal scrubbers at the utility’s Sooner generating plant to the State Supreme Court. In a recent filing, the Club challenged the decision made last April to let the utility move ahead with the $500 million project. …

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