Biggest Oil Pipeline Yet Approved in North Dakota

The biggest capacity crude oil pipeline proposed for North Dakota won approval this week by North Dakota regulators. The $3.8 billion line, stretching 1,150 miles across four states, would move nearly 600,000 barrels daily from the Bakken oil p…

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Chevron Fights Judge’s Ruling on Cleanup of Abandoned New Mexico Mine

Chevron Corporation is fighting a court ruling that says the federal government was not liable for cleanup costs at a northern New Mexico Superfund site that once was a mine site operated by the company but owned by the U.S. government. It took i…

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WTI Sinks Below $27 a Barrel Mark on Wednesday

Oil continues its slide as glut worries persist on Wednesday. On its final day as the front month contract on the New York Mercantile Exchange, February West Texas Intermediate crude lost $1.91 to settle at $26.55 a barrel. The March WTI contract will …

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Oklahoma Paying the Lowest Prices at the Pump

Oklahoma drivers are paying the lowest gasoline prices in the country according to AAA-Oklahoma. The statewide average is $1.576 a gallon. Missouri is the next lowest at $1.60.
“Crude oil’s in a free fall amid plentiful supplies, increased exports fro…

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Blueknight Energy Partners Declares Distribution

Blueknight Energy Partners announced Wednesday that its Board of Directors declared a quarterly cash distribution of .1450 cents per common unit. It is an increase of 6.2 percent over the fourth quarter 2014 distribution.
The Board also declared a dis…

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OSU Students Study Earthquakes in Africa

It seems odd at first blush why Oklahoma State University would send four geology students to Malawi in Africa to study earthquakes when Oklahoma is now home of the largest number of earthquakes in the U.S.
Nonetheless, the students spent last summer …

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U.S. Crude Prices Absorb Iran News on Tuesday

It was West Texas Intermediate crude’s turn to absorb the news that Iran will be re-joining the global oil markets soon. February contracts on the New York Mercantile Exchange lost 96 cents to settle at $28.46 a barrel. It was the first day of trading …

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Sen. Holt Calls for Better Savings in Wake of Lower Energy Prices

In light of Oklahoma struggling with lower oil and gas prices once again, Oklahoma City State Senator David Holt proposes a way to increase the way the state government saves for troubled times like these. Holt introduced Senate Joint Resolution 44 whi…

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Lower Oil Prices Fail to Hinder STACK Development Deal

Despite lower energy prices, plans are being made to further develop a stretch of the STACK play in Kingfisher County. Bayou City Energy affiliate BCE-STACK Development LLC (DrillCo) has entered into a Joint Development Agreement (JDA) with Alta Mesa H…

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ONE Gas Expects Net Income to Increase in 2016

ONE Gas Inc. issued its financial guidance for 2016 on Tuesday hinting at the type of year the company is expecting. The gas utility believes it will have a 2016 net income in the range of $127 million to $137 million, or approximately $2.40 to $2.60 p…

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