March 19, 2019 archive

Houston tank fires to burn another day or two

The massive fire at the Houston-area petrochemicals terminal is expected to burn for another day or two according to officials at the scene. The fire began over the weekend at the Intercontinental terminals Company in Deer Park which is about 15 miles southeast of Houston. Fortunately, no one has been hurt in the incident as …

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Gift records reveal what Scott Pruitt received while head of EPA

From POLITICO’s Morning Energy Report—more information about former EPA Administrator Scott Pruitt: REQUIRED READING? Former EPA Administrator Scott Pruitt received at least six unsolicited copies of “The Lorax” and four of “Global Warming for Dummies” but donated them, according to gift records released Monday by Citizens for Responsibility and Ethics in Washington. The documents, obtained in response to …

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Top ten largest wind farms in the world

When it comes to large wind farms, Oklahoma’s wind powered projects pale in comparison to the top 10 largest farms in the world. Some are located in Texas but one of the largest in terms of size of land taken up by its wind turbines is the Fowler Ridge wind Farm in Indiana. It covers …

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SEC filing shows sale of shares by Chesapeake Energy executives

Sales of company shares by management at Oklahoma City’s Chesapeake Energy were reported this week in a company filing with the U.S. Securities Exchange Commission. CEO Robert D. Lawler disposed of 97,200 shares valued at $2.97 each leaving him with 5,181,132 shares in the company. Executive Vice President and Chief Financial Officer Domenic Jr. Dell’Osso …

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Environmentalists step up demands in challenge to Oklahoma’s coal ash control

The environmental law group Earthjustice is asking a federal judge in the District of Columbia to grant a summary judgment in its fight to stop Oklahoma from regulating the disposal of coal ash. The new filing is the latest in the lawsuit brought by Earthjustice after the Environmental Protection Agency under the control of then-administrator …

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Cypress Energy reports increased earnings in 4th quarter

Tulsa-based Cypress Energy Partners, L.P. reported a 28% increase in fourth quarter revenues totaling $88.9 million. The increase was from 2017. Revenue for 2018 totaled $315 million and increased 10% compared to $286.3 million at the end of 2017. The company said the increase occurred even though two saltwater disposal operations in Texas were sold …

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Tallgrass Energy promotes COO to President

Pipeline operator Tallgrass Energy, LP announced the promotion of Chief Operating Officer Bill Moler to President. The move is effective immediately and David G. Dehaemers Jr. will remain as CEO and Moler will also keep his current COO title.  A 30-year veteran of the oil and gas industry recognized for his deep expertise in the …

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Roan reports strong 4Q earnings with 2018 oil production up 200 percent

Calling 2018 a “transformative year for Roan Resources,” the company released its preliminary fourth quarter and full-year 2018 operating and financial results. Fourth quarter net income was $148.2 million or 97 cents per diluted share and the adjusted income totaled $87.8 million. But the full-year 2018 net loss was $140.7 million or 92 cents a …

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Williams reaches $3.8 billion agreement with Canada Pension Plan Board

Tulsa’s Williams announced this week a $3.8 billion joint effort with the Canada Pension Plan Investment Board for midstream operations in the western Marcellus and Utica basins. The agreement involves Williams’ 100 percent owned Ohio Valley Midstream system and 100 percent owned Utica East Ohio Midstream system. The Pension Board agreed to invest nearly $1.34 …

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O’Rourke compares climate change activists to those who stormed the beaches of Normandy

   In his zeal to drive up support for his presidential campaign and green efforts, Democratic candidate Beto O’Rourke stirred up some resentment by patriots when he compared the fight against climate change to those who stormed the beaches of Normandy. His controversial comments came in Iowa where he was on the stump in diners …

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