November 13, 2017 archive

NORDAM Announces JV Agreement with China Airlines

Tulsa-based NORDAM announced Monday that the aerospace company and China Airlines have signed a joint venture agreement to establish NORDAM Asia Limited, according to a company press release. The new joint venture company will repair and overhaul structural aircraft components for the China Airlines fleet and other airlines in the Asia-Pacific region. NORDAM’s key leaders …

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Brent Crude Falls, WTI Shows Slight Gain on Monday’s Settlement

Crude oil prices produced mixed results on Monday after OPEC reported a fall in October output while a U.S. government report showed expectations for a monthly rise in domestic shale oil production, according to Bloomberg MarketWatch. December West Texas Intermediate crude, the U.S. benchmark, rose 2 cents, or less than 0.1%, to settle at $56.76 …

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Chesapeake Presenting in London

  Oklahoma City’s Chesapeake Energy is reaching out worldwide for investors. It will be among those firms presenting this week at the Goldman Sachs Global Natural Resources Conference in London. The presentation will be Wednesday, Nov. 15  

Wind, Oil, Electric Car Tax Breaks Left in Tax Reform Bill

What kind of energy tax breaks were left in the tax plan unveiled last week by the U.S. Senate? They range from electric cars to wind to drilling for oil. A review of the bill shows Republican writers left an accelerated deduction of “intangible drilling costs” in the bill that has gone before the Senate …

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3-Mile Horizontal Wells Drilled in North Dakota’s Bakken

While oil and gas exploration companies are drilling 2-mile laterals in Oklahoma, Exxon Mobil Corporation is drilling 3-mile laterals in the Bakken. The company recently finished four wells in North Dakota that extend 3 miles. Bloomberg News reports that Paul Cheng, an analyst for Barclays Plc met with Exxon executives who told him they are …

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Senators Press Fight with EPA’s Pruitt Over Advisory Boards

EPA Chief Scott Pruitt’s latest battle with Democratic Senators concerns his decision to no longer use scientists who receive EPA grants from also sitting on advisory boards to the Agency. Rhode Island Democrat Sheldon Whitehouse led 9 other Senators in asking the Government Accountability Office to expand its investigation of Pruitt. Whitehouse called it “Pruitt’s …

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Green Roofs Now Mandated in Denver

Denver, Colorado has become the latest city around the world to require more of a “green” effort by those putting up big buildings. A ballot initiative mandating environment-friendly roofs in the city won approval recently with 54 percent voting for the issue. It means Denver will require rooftop gardens or solar panels on new buildings …

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$1 billion Wind Turbine Replacement Project Underway in Iowa

What happens when wind turbines get old?  If they belong to MidAmerican Energy based in Iowa, they are refurbished as part of a $1 billion updating project announced by the company. It plans to update more than 700 older wind turbines across Iowa. The company will start on three wind farms built in 2004 in …

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Devon Energy Ranked Number 2 in New Mexico Oil Production

  A report by the New Mexico Oil and Gas Association shows Oklahoma City-based Devon Energy is the state’s second largest oil producer. The report showed that Devon Energy’s 2016 oil production in New Mexico totaled 16,677,259 barrels of oil out of the state’s total oil production of 136 million barrels of oil. The company tied …

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Study Shows High Plains Aquifer Shrinking Faster Than Thought

An analysis by the Denver Post shows the High Plains Aquifer is drying up much faster than experts have thought. The Aquifer stretches from South Dakota and Nebraska through eastern Colorado, Wyoming, Western Kansas, New Mexico, the Oklahoma Panhandle and the Texas Panhandle. The newspaper analyzed federal information showing the Aquifer “shrank twice as fast …

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