LSB Industries Posts 2Q Loss of Nearly $8 Million

Oklahoma City-based LSB Industries, Inc. recently announced a net loss of $17.7 million, or 70 cents per diluted share for the second quarter of 2016, according to the company’s press release. The company reported sales of $110 million in the second quarter, down from $125.5 million from the same quarter a year ago. Capital spending …

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New Mexico Underground Waste Dump May Reopen in December

The U.S. Department of Energy is highly confident that the nation’s sole underground nuclear waste dump will reopen in December, according to a story posted on the website of News9.com. The Waste Isolation Pilot Plant is located 26 miles east of Carlsbad, New Mexico. The site, known as WIPP, is the world’s third deep geological repository …

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Corporation Commission to Hear Motions in Bribery Rate Case

The Oklahoma Corporation Commission has finally set an August 22 date to handle a nearly 27-year dispute over a bribed vote that gave a massive rate hike to Southwestern Bell. But Attorney General Scott Pruitt is objecting. Some consumers are asking for a refund totaling nearly 16 billion dollars. It’s a case where a handful …

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AG’s Lawsuit Against FCC Results in Millions in Savings for State

From Attorney General’s office: OKLAHOMA CITY – After a lawsuit brought by Oklahoma Attorney General Scott Pruitt, the Federal Communications Commission (FCC) issued an order this week that will save the state millions of dollars by partially relieving state and local agencies from the burden of unlawful federal regulations. The suit involves the FCC’s attempt …

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Summit Utilities Co.Takes Over Oklahoma Gas Operations and Hit With Fines in Maine

The same week that Summit Utilities took over operations of the Arkansas Oklahoma Gas Corporation, the firm agreed to pay $307,000 in fines in Maine over safety violations. One of the violations, according to the Associated Press was a potentially “catastrophic” gas leak in Augusta, Maine. Known as Summit Natural Gas of Maine, the company …

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Anti-Frackers aren’t Eager to Support Trump for his Stance on Voter Control

What Donald Trump says about energy gets the attention, pro or con from oil and gas people in Oklahoma, Texas and other fossil-fuel producing states, especially if it concerns fracking. His recent comments about supporting voters who want to control fracking caught the attention of the Dallas Observer and reporter Christian McPhate. He reached out …

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Chevron Reaches Agreement Over Cleanup of Old Mine at Red River, NM

The government’s apparently reached a settlement over the cleanup of the massive mining operation that became a Superfund site west of Red River, New Mexico. The U.S. Department of Justice and the State of New Mexico filed a proposed $143 million settlement with Chevron Mining Inc. over the next step in the cleanup of Chevron’s …

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Halliburton Hit With Another Pollution Lawsuit by Duncan Residents

Another lawsuit has been filed by Duncan residents alleging Halliburton Energy Services polluted their property through an old missile and rocket fuel removal, disposal and open burning operation years ago. More than 100 residents filed suit this week in Oklahoma City federal court (CV-00910-M) claiming the operation left their property damaged. Another suit against Halliburton …

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Massachusetts AG Tackles Exxon Over Climate Change Fight

  The Climate Change war between Exxon Mobil Corp. and Massachusetts Attorney General Maura Healey heated up this week in a Texas federal court where Healey asked a judge to throw out Exxon’s lawsuit. Healey contends the suit is a “transparent attempt at forum shopping” in the company’s fight against her climate change investigation. She …

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Arkansas Oklahoma Gas Corporation Sold

The dollar amount wasn’t disclosed but Summit Utilities, a privately held holding company is becoming the new owner of the Arkansas Oklahoma Gas Corporation. Summit operates natural gas distribution subsidiaries in Colorado, Missouri and Maine and will soon take over the serving of nearly 60,000 natural gas utility customers in Oklahoma and Arkansas, according to …

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