Energy Index Shows Steady Improvement in Oklahoma

The latest Oklahoma Energy Index is showing an increase of more than 1 percent thanks to slow and steady growth in Oklahoma’s oil and natural gas industry. The Energy Index, based on data collected in October grew by 1.1 percent from the previous month’s reading. It also indicated for the year, activity levels in the …

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Permian Oil Production Sparks Creation of New Corpus Christi Oil Terminal

So much oil is flowing out of the Permian Basin in West Texas and Southeast New Mexico, more pipelines are being constructed and now there’s the possibility of another crude oil terminal to be built in the Port of Corpus Christi. Harvest Pipeline Company, an affiliate of Hilcorp Energy Company and Vitol Inc. have joined …

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Audit Shows How Millions in FEMA Money was Misspent by Indian Tribe

A Nebraska Indian tribe is on the hot seat over being unable to account for how it spent $14 million in flood-assistance grants from the federal government. Judicial Watch, the government watchdog that’s taken on government agencies time and time again for failing to comply with the Freedom of Information Act is reporting on a …

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First Oklahoma Women in Aviation Day

The first ever Oklahoma Women in Aviation and Aerospace Day was recently held in Oklahoma City. Airport managers and staff, air traffic controllers, military aviation, general aviation and corporate and business aviation were represented at the event held in the Atlantic Aviation hangar at Wiley Post Airport. The day was made law by the Oklahoma …

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Nebraska to Hold Another Keystone XL Pipeline Hearing

The Nebraska Public Service Commission will hold another hearing Tuesday on the Keystone XL pipeline. Oral arguments will be heard on motions filed by developer TransCanada, landowners and others to have the Commission reconsider its ruling on the pipeline. TransCanada wants the Commission to “clarify” the decision to reject the company’s “preferred” route in favor …

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Oilman Harold Hamm Named to Board at Conservative America First Priorities

Oklahoma oilman Harold Hamm has been named to the board of directors of a national conservative group that focuses on making America first. The America First Policies made the announcement Monday. It is a non-profit organization, that according to its website supports “key policy initiatives that will work for all citizens in our country and …

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Oil and Gas Rig Counts Slip in Oklahoma but Hold Steady Nationally

The number of oil and gas rigs drilling for new energy in Oklahoma slipped by one in the past week to reach 121 while nationally, the count grew by 2 to hit 931. Figures from Baker Hughes Co. and the Independent Oil and Gas Association headquartered in Wichita, Kansas show the industry holding steady. Texas …

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Digital Currency “OilCoin” About to Enter the Market

Step aside “bitcoin” traders.  We now have “OilCoin” entering the economic world. And it’s perfectly legal, according to Commissioner Bart Chilton of the U.S. Commodity Futures Trading Commission. He led the project and made the announcement Monday of the creation of the first legally-compliant digital currency based upon a physical asset. OilCoin will tokenize barrels …

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Phillips 66 Announces $2.3 billion in 2018 Capital Budget

  Phillips 66, the company with a large operation in Bartlesville announced recently it has a capital budget of $2.3 billion intended for 2018. The amount includes $1.4 billion of growth capital and nearly another $1 billion of sustaining capital. The company intends to invest $1.2 billion in its Natural Gas Liquids and Transportation businesses. …

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No Letup in Oil and Gas Revenue Collections for State Government

Oklahoma’s oil and gas industry continues with strong growth reflected in the November gross receipts recently announced by State Treasurer Ken Miller. As the total receipts were 12 percent higher than the same month of last year, oil and gas gross production taxes generated $52.7 million or an increase of $18.7 million from a year …

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