Marathon Petroleum a year away from finishing improvements to its Galveston Bay refinery

Marathon Petroleum, one of major players in Oklahoma’s STACK and SCOOP play has made considerable progress on its Galveston Bay refinery in Texas. Fluor Corporation announced it has achieve substantial engineering completion for Marathon’s Tier 3 gasoline sulfur standard reconfiguration project at the refinery. Fluor and Marathon Petroleum have worked together on this project since the feasibility …

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Federal Appeals Court overturns ruling against injured Penske Logistics worker in Oklahoma

The U.S. 10th Circuit Court of Appeals in Denver has reversed an Oklahoma City federal court ruling in a workers’ comp case filed against Penske Truck Leasing Company and Penske Logistics. The case involved Perry Odom, a Penske Logistics employee who suffered life-threatening injuries when a trailer collapsed on him in July 2015. He pursued …

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Icahn still mum after successful takeover of OKC’s SandRidge Energy

Carl Icahn has yet to comment publicly about his takeover of Oklahoma City’s SandRidge Energy during Tuesday’s annual shareholder meeting. The shareholders elected four of Icahn’s seven-person slate and two nominees offered by the company. After losing control, SandRidge leaders said they also agreed with Icahn to expand the board from seven to eight members. …

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Devon Energy to release 2Q earnings results on July 31

Oklahoma City-based Devon Energy Corp. plans to report its second quarter 2018 results on Tuesday, July 31. The results will be released after the close of U.S. financial markets. They will also be available on the company website at www.devonenergy.com A day later, on Aug. 1 the company will hold a conference call at 10 …

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Lankford and McCaskill file bill to protect nation’s IT supply chain

Oklahoma U.S. Sen. James Lankford joined forces this week with Democratic U.S. Sen. Claire McCaskill of Missouri in attempting to make more secure the nation’s supply chain when it comes to information technology. They filed legislation called the Federal Acquisition Supply Chain Security Act, to establish a council to equipment the government with the policies …

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New Mining Chief named at nuclear waste site near Carlsbad, NM

The federal government’s named a new chief of mining at the Waste Isolation Pilot Plant near Carlsbad, New Mexico—the world’s third deep geological repository for radioactive waste left from research and production of nuclear weapons. The hiring of Pete Graham was announced by the Energy Management Carlsbad Field Office and the management and operations contractor …

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ONEOK offers $1.25 billion sale of senior notes

Tulsa-based ONEOK, Inc. announced this week it has priced an offering to sell $1.25 billion of senior notes. The sale consists of $800 million of 10-year senior notes at a coupon of 4.55 percent and $450 million of 30-year senior notes at a coupon of 5.20 percent. Company leadership says the net proceeds, after deducting …

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Distribution announced by Tulsa’s NGL Energy Partners LP

Tulsa’s NGL Energy Partners LP announced this week the Board of Directors of its general partner declared a distribution for the quarter ending June 30, 2018. It will be paid to the holders of the Partnership’s 9.00% Class B Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units. The Class B distribution will be $0.5625 per unit …

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Governor Fallin joins bipartisan Governors Carbon Capture group

Oklahoma Gov. Mary Fallin has joined a bipartisan group of governors in announcing the formation of a new national carbon capture program. The Governors’ Partnership on Carbon Capture will be led by Governors Matt Mead of Wyoming and Steve Bullock of Montana. Gov. Fallin and Governors Gary Herbert of Utah, John Bel Edwards of Louisiana …

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Icahn gains control of Oklahoma City’s SandRidge Energy

There’s a reason Carl Icahn is smiling. He got his wish—control of Oklahoma City’s SandRidge Energy during the company’s annual shareholders meeting on Tuesday. Now shareholders will wait to see what he does with the company. And how quickly he acts. A day after he made a last-minute plea to shareholders to dump the current …

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