November 15, 2019 archive

Propane shortage in Midwestern states

Eight states are facing a propane shortage and the Federal Motor Carrier Safety Administration has declared a regional emergency. The emergency was declared in Kansas, Illinois, Iowa, Minnesota, Missouri, Nebraska, South Dakota and Wisconsin. Oklahoma is not included. The propane shortage has hit corn farmers the hardest as they can’t find enough to dry the …

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From Oklahoma to North Dakota—another wind farm for ALLETE

          ALLETE Clean Energy, the company building a 300-megawatt wind site in southern Oklahoma has another wind farm project in North Dakota that will be online this month. The $200 million wind farm near Glen Ullin, North Dakota will provide power for more than 50,000 customers in Morton and Mercer Counties. …

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Protesters force shutdown of bank over its energy investments

Climate change protesters in Madison, Wisconsin recently forced the shutdown of a Chase Bank branch because they don’t like the bank’s investment in the Canadian company Enbridge. Enbridge is attempting to expand its pipeline that carries tar sand oil through Wisconsin. Protesters from 350 Madison Climate Action Team filled the lobby of the Sauk Creek …

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Ailing energy firms are ripe for picking by wealthy buyers

A report by Bloomberg News shows how billionaire investors are circling distressed oil and gas firms like crows over road kill, waiting to pick up assets at cheap levels. Even corporate officers of some suffering firms, like Oklahoma City’s Chesapeake Energy are taking advantage to purchase more shares. Chesapeake’s Senior Vice President and Chief Accounting …

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Rig count slips nationally but grows by one in Oklahoma

The latest oil and gas rig counts show the national trend is still sliding downward as the nation’s count dropped by eleven in the past week to reach 806. In Oklahoma, the count grew by one to reach 52, a weak showing in light of the 146 active rigs reported one year ago this past …

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HollyFrontier to get new leadership

A leadership change has been announced by HollyFrontier Corporation in Dallas where CEO and President George Damiris intends to retire at the end of the year. Damiris was appointed CEO and President of HollyFrontier in January 2016 and has served on the Board of Directors of HollyFrontier since December 2015. He  joined Holly Corporation in …

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MoGas considers natural gas pipeline expansion

MoGas Pipeline, LLC , a wholly owned subsidiary of CorEnergy Infrastructure Trust, Inc. in Kansas City announced an open season to solicit interest in firm transportation capacity on its interstate natural gas pipeline in Missouri and Illinois. MoGas is considering an expansion of the capacity of its natural gas pipeline system to approximately 200,000 dekatherms …

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$1.6 billion cash and stock deal by Noble Energy

Houston-based Noble Energy Inc.  and its Noble Midstream Partners LP  master limited partnership announced a $1.6 billion cash-and-stock deal that will simplify the companies’ midstream operations. The deal, which closed Nov. 14, is the conclusion of Noble Energy’s strategic review of its midstream business, according to Nov. 15 press releases. It includes the MLP acquiring all of Noble Energy’s …

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