US Ethanol Exports Fell 42% in May

Figures released this week by the U.S. Energy Information Administration showed U.S. ethanol exports for May fell to a 9-month low. They totaled 55.7 million gallons, a drop of 42% or 40 million gallons from April. The Renewable Fuels Association indicated that Canada replaced China as the top destination. Nearly 21.5 million gallons were shipped …

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Gasoline Prices Continue Their Drop in Oklahoma

Make it 24 straight days that national gasoline prices have dropped.  AAA Oklahoma reported this week the national average is down to $2.27 a gallon for regular unleaded gasoline, three cents cheaper than a week ago and 9 cents less than a month ago. Oklahoma’s average is $2.05, a drop of about four cents in …

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Congress Returns to Work on Energy Bills

  With the FBI finally deciding that Hillary Clinton was pretty sloppy and careless in the handling of her emails as Secretary of State but not worthy of criminal charges, Congress is back at work. The House returned today as many Oklahoma Representatives spent the day making flights to D.C. Senators are back on Wednesday …

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A Move Toward Transparency in Federal Agencies

In a move aimed at identifying government waste and improving transparency, U.S. Sen. James Lankford and Sen. Heidi Heitkamp (D-ND) have introduced a bipartisan bill.  They call it the Inspector General Recommendation Transparency Act that would fill a gap in federal management and help Congress do a better job overseeing 73 federal agencies where Inspectors …

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Eastern New Mexico Wind Farm Gets New Owner

California-based Pattern Energy Group Inc., a firm with 17 wind farm operations around the world including two in Texas and one in Kansas is spending $269 million to buy a majority interest in a 324-megawatt wind farm in New Mexico. Pattern purchased an 84 percent initial cash flow for Broadview Wind located 30 miles north …

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How a Frog Blocked Weyerhaeuser Industry From Logging in Louisiana

  Weyerhaeuser Company, the firm with big operations in southeast Oklahoma just ran into a federal court ruling in Louisiana and it focuses on the endangered dusky gopher frog. The Fifth Circuit recently rejected the timber giant’s appeal of the U.S. Fish and Wildlife Service’s decision to declare 1,600 acres of private property in Louisiana as …

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Dallas Firm Sues Chesapeake Energy a Second Time

Oklahoma City’s Chesapeake Energy has been hit again with a lawsuit charging irregularities in contracts covering royalties of hundreds of wells around Fort Worth, Texas. And the law firm that filed the suit is the same one that sued Chesapeake more than four months ago, accusing it of conspiring to rig bids for leases in …

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Williams Cos. Board Moves Ahead Under New Leadership After Resignations

  Now under the leadership of a new chairman of the board of directors, Tulsa'[s Williams Companies is moving ahead following the shakeup over the failed attempt to remove Alan Armstrong as Chief Executive Officer. Dr. Kathleen Cooper, a current director and Audit Committee member was named Chairman, replacing Frank T. MacInnis who resigned following …

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Feds Adopt New Royalty Rules on Oil, Gas and Coal Leases

New rules have been published by the U.S. Department of Interior updating the lease royalties for minerals on federal and Native American lands and how they are calculated.  The government claims it is a change that will make sure taxpayers get all the revenue they deserve. The new rules will apply to any Native American …

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North Dakota Wins Coal Related Lawsuit Against Minnesota

Now that the Eighth Circuit Court of Appeals has ruled against Minnesota’s restrictions on out-of-state coal-fired plants, the state of North Dakota wants Minnesota to pay its $300,000 legal tab run up in fighting the rules. The Eighth Circuit recently ruled in favor of North Dakota in its legal fight against Minnesota’s Next Generation Energy …

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