May 9, 2018 archive

California Moves to Require All New Homes Have Rooftop Solar Power

  True to its reputation as of one of the top environmental progressive states in the country, California has just become the first state to require solar panels on nearly all new homes. It could mean two things—-the price of new homes in California will go up and rooftop solar power is moving beyond a …

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Big Wells Indicate Permian Basin Has Much More to Offer

The Permian Basin in West Texas and Southeast New Mexico has more to give according to experts and Oklahoma City’s Devon Energy is right in the middle of it. The company’s recent earnings report in which it announced the completion of the two highest-rated wells in the Delaware part of the Permian in its 100 …

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Oil and Gas Groups Nervous about Pennsylvania Supreme Court “Fracking” Ruling

The Pennsylvania supreme court ruling that said “fracking” constituted trespassing of property has a Texas company asking the court to rehear the case. Southwestern Energy Production Co. lost the original ruling in which the court ruled that hydraulic fracturing for natural gas could create liability when fluids n the fracking process flow onto adjoining properties. …

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Texas Oil and Gas Groups Challenge Environmentalists Over Protection of a Lizard

A move by environmentalists to protect a lizard in west Texas has the state’s oil and gas groups up in arms. They’re not happy about Tuesday’s move by the Center for Biological Diversity and Defenders of Wildlife to seek protection of the dunes sagebrush lizard under the Endangered Species Act. The center petitioned the U.S. …

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WPX Launches $400 million in Offering of Notes

Tulsa’s WPX Energy has launched a $400 million offering of senior unsecured notes to fund a like amount of other senior notes. The company announced Wednesday the offer is for unsecured notes due 2026. It will use the money to fund the purchase of up to $400 million of its outstanding 6.000% Senior Notes due …

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From Oklahoma to Argentina—AES Provides Power and Makes Money

The AES Corporation, operator of the Shady Point power plant near Panama in southeast Oklahoma is reporting first quarter 2018 earnings of $1.03 per share compared to a 4-cent a share loss one year ago. The Arlington, Virginia-based company with operations in 27 countries reports expansion of solar projects in the U.S. and a massive …

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Denver Midstream Firm Expands Northern Colorado Operations

Sterling Energy Investments LLC, a Denver based midstream company announced it intends to expand the processing capacity and natural gas gathering pipeline infrastructure of its Centennial System in the northeastern DJ Basin of northern Colorado. Sterling completed the first phase of its existing Jackson Lake Processing plant during the second quarter of 2018. It plans …

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Solaris Reports Record Revenue and Continues Construction of Kingfisher Operations

  Houston-based Solaris Oilfield Infrastructure, a company with heavy operations in Oklahoma reported first quarter 2018 net income of $13.4 million. And because of growing demand, it anticipates more operational growth in the next several months. Its adjusted earnings before interest, taxes, depreciation and amortization amounted to nearly $22 million, a 44 percent increase over …

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Senators Inhofe and Lankford Say President Did Right Thing with Iran

While the President’s decision to pull out of the Iran nuclear arms deal could eventually result in higher gasoline prices in Oklahoma and other states, Oklahoma’s two U.S. Senators think the President made the right move. “President Trump has done the right thing by pulling out of the flawed Joint Comprehensive Plan of Action and …

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Oklahoma’s Gasoline Prices Could Climb Over President’s Iran Nuclear Arms Deal Pullout

President Trump’s decision to pull out of the nuclear arms deal with Iran, the one created by the Obama administration is already leading some energy specialists to suggest it will lead to higher gasoline prices in Oklahoma. But Leslie Gamble, Public and government Affairs Manager for AAA Oklahoma doesn’t expect an overnight reaction at the …

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