Tulsa-based Williams Partners L.P. announced Wednesday that it has completed the divestiture of Williams Olefins L.L.C. to NOVA Chemicals for $2.1 billion in cash, according to a company press release. The Olefins subsidiary owns an 88.46 percent undivided ownership interest in the Geismar, Louisiana, olefins plant and associated complex. Additionally, Williams Partners subsidiaries have entered …
July 6, 2017 archive
Halliburton Acquires Tulsa’s Summit ESP
Houston-based Halliburton Company has acquired Tulsa-based Summit ESP, a leading provider of electric submersible pump (ESP) technology and services, according to a company press release issued Wednesday. The financial terms were not disclosed. “The acquisition of Summit expands Halliburton’s existing artificial lift capabilities and increases our overall leading position in North America oilfield services,” said …
WTI and Brent Crude Rally on Thursday
Following the steepest loss in one month, oil prices finished slightly higher on Thursday as U.S. government data confirmed a fall in domestic crude supplies, according to Bloomberg MarketWatch. On the New York Mercantile Exchange, August West Texas Intermediate crude tacked on 39 cents, or 0.9%, to settle at $45.52 a barrel. On the London ICE …
Setback for CAFOs in Court Fight Over Pollution Rules
Operators of large cattle and pork feedlots in Oklahoma and other states suffered another setback this week when a Washington, D.C,. federal appeals court refused to reconsider its decision tossing out a rule exempting the producers from some pollution-reporting requirements. The ruling by the three-judge panel of the U.S. Court of Appeals for the District …
Public Comments Sought in Proposed New BLM Rules to Apply in Oklahoma
Revisions are being proposed by the Interior Department to land-use planning procedures and environmental reviews like those used in a controversial Osage County legal case handled this week by the Denver federal appeals court. The Bureau of Land Management is asking for public comment on revisions of the environmental steps required by the National Environmental …
Pruitt’s Security Costs Nearly Double of Previous EPA Chiefs
Documents released by the U.S. Environmental Protection Agency through a Freedom of Information Act request show EPA Administrator Scott Pruitt’s spent nearly double what his predecessors did for security in their first three months in office. E and E News reported this week Pruitt’s security detail spent substantially more than Lisa Jackson and Gina McCarthy …
Record Year for School Land Commission Distribution of Funds to Education
Another record year in distribution of funds to public schools has been announced by the Oklahoma School Land Commission. It was for a second straight year as the funding totaled $137.4 million including $103.4 million for K-12 public schools and more than $34 million for higher education. The new distribution beat last year’s numbers by …
SandRidge to Announce 2nd Q Figures in Early August
Oklahoma City-based SandRidge Energy plans to release its 2017 second quarter financial results next month. The company announced the release date will be after the close of trading on the New York Stock Exchange on Wednesday, Aug. 2. Leaders of SandRidge plan to host a conference call the following day at 8 o’clock, central time. …
Environmental Cleanup Loan Approved for Historic OKC Bank Building
The city of Oklahoma City has approved a $2.5 million Brownfields environmental clean-up for the historic First National Bank building in the city’s downtown business district.The city council voted Wednesday to approve an initial loan of $1 million with the ability to increase the loan up to $2.5 million. The bank building at 120 …