December 2017 archive

Enviros Want Clean Budget Deal

Some two dozen environmental groups, including those who are well known in Oklahoma have written members of Congress asking them to make sure there is adequate funding for the nation’s environmental programs. Some of them include the Sierra Club which has a state chapter in Oklahoma.  Earthjustice and the Center for Biological Diversity are also …

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Feds Okay Oklahoma Freight Transportation Plan

The federal government recently approved Oklahoma’s Department of Transportation Freight Plan for 2018-2022. It’s a plan that will have a major impact on the movement of energy products in the state. The plan details freight trends and traffic forecasts and helps identify significant freight transportation projects needed in the state according to Dawn Sullivan, the …

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Company Pays $2.25 to Settle Royalty Fight with Government

A Houston, Texas energy company with a strong presence in Oklahoma and regional offices in Oklahoma City has agreed to pay more than $2 million to settle a federal court case filed against it by the Department of Justice. Citation Oil and Gas Corp. and its affiliates, Citation 2002 Investment Limited Partnership and Citation 2004 …

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Petition Drive Launched to Boost Tax on Oil and Gas

A group called Restore Oklahoma Now, Inc. has filed a petition drive seeking a vote of the people to restore all gross production taxes on oil and gas to a full 7 percent. Longtime oil and gas leader Mickey Thompson filed the paperwork Wednesday with the Oklahoma Secretary of State. His group has 90 days …

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Texas Company Wraps up Sale of Bakken Assets

Some $27 million in Bakken assets have been sold by Houston, Texas-based Earthstone Energy Inc. The company announced the sale was effective Dec. 2017 and proceeds will be used to pay down debt. The buyer was only described as “an unaffiliated party.” Robert J. Anderson, Executive Vice President of Corporate Development and Engineering at Earthstone …

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MVP Holdings Announces Formation of Great Salt Plains Midstream

Wichita, Kansas-based MVP Holdings, LLC has announced the formation of Great Salt Plains Midstream Holdings, LLC to expand crude oil and gas infrastructure in Oklahoma’s STACK oil play. It is a joint venture between MVM Midstream LLC and Chisholm Midstream, LLC.  MVM is an entity formed with Energy Spectrum Partners VII LP and MVP Holdings.The …

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Xcel Energy Switching to Nasdaq

Minnesota-based Xcel Energy Inc., the company with 210 miles of transmission lines in Oklahoma is transferring its stock exchange listing from the New York Stock Exchange to the Nasdaq Global Select Market. The move will be effective Dec. 29 after the close of the markets. Xcel Energy shares are expected to begin trading as a …

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Two-Year Anniversary of End to Oil Export Ban

The two year anniversary of the lifting of the oil export ban is this week. It was Dec. 18, 2015 when President Barack Obama signed the legislation that had been sent to him by the U.S. House and Senate. The first shipment of U.S. crude oil left the Port of Corpus Christi, Texas on Dec. …

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PSO Moves to Start Shut-down of Coal-Fired Power Plant in New Mexico

New Mexico’s largest electric utility moved this week to begin the shutdown of a coal-fired power plant that’s served customers in the Southwest for decades. The first of two units to be closed at Public Service Company’s San Juan Generating Station was switched off this week. A second unit will be turned off this weekend …

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Nebraska Regulators Stick With Original Route Approved for Keystone XL Pipeline

The Nebraska Public Service Commission voted this week to deny motions to reconsider its Keystone XL Pipeline decision. The commission voted 5-0 after hearing oral arguments from pipeline developer TransCanada and the Sierra Club. The motion to have the commission reconsider its earlier vote was a move to amend the application for the pipeline. The …

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