Oklahoma Turnpike Rates to Increase in January

Energy companies, whether they’re oil and gas related or connected to wind farms will end up footing a higher bill when they choose the Oklahoma Turnpike for travel. The State Turnpike Authority voted this week to increase tolls by 2.5 percent beginning in early January. It means most vehicles will pay $4.50 to travel between Oklahoma …

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Magellan Plans New Texas Pipelines

Tulsa’s Magellan Midstream Partners LP recently announced plans to develop a new pipeline to transport oil from the Permian and Eagle Ford Basins of Texas to several destinations in the Corpus Christi and Houston markets. Magellan’s existing crude oil terminals in the markets will also receive some of the shipments. The company announced it has …

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$49 million in Highway Projects for OKC

Nearly $49 million in State highway improvement projects in Oklahoma City were approved this week in a meeting of the Oklahoma Transportation Commission. A $27 million contract was awarded to Allen Contracting Inc. and Shell Construction Inc. to finish two remaining core sections of the Oklahoma City Boulevard in downtown. The interior sections between Western …

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Continental Resources Offers $1 billion in Notes

A $1 billion offering of unsecured notes has been announced by Oklahoma City-based Continental Resources Inc. The offering involves 4 3/8% senior notes due 2028 and the offering is expected to close Dec. 8 subject to customary closing conditions. In making the announcement, the company said it “intends to use the net proceeds from this …

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4.2 Magnitude Quake Rattles Noble County

  The earthquake review team at the Oklahoma Corporation Commission responsible for monitoring earthquakes will most likely be studying data from the 4.2 magnitude quake that hit Monday night in the northern part of the state. Strong enough to be felt in Wichita, Kansas, the quake’s epicenter was about 8 miles northeast of Perry and …

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Energy Firms Attempt Private Cleanup of Contaminated Creek in Osage County

A new effort is being made this week in the cleanup of a contaminated section of Bird Creek on the Chapman Ranch in Osage County. The creek was the subject of a visit by EPA Administrator Scott Pruitt last spring and has been the target of EPA concerns over salt water that might be seeping …

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Quarterly Dividend Declared by Devon Energy

A quarterly cash dividend has been declared by Oklahoma City-based Devon Energy Corp. on common stock for the first quarter of 2018. The 6-cent a share dividend is payable on March 29, 2018 based on a record date of March 15, 2018.    

Hamm Says Drillers Have Accepted Fiscal Discipline

What’s Harold Hamm have to say about the energy industry in recent days? For one thing, the billionaire founder and head of Continental Resources Inc. believes energy producers have entered an era of fiscal discipline. It’s what he indicated in a recent interview on MSNBC’s ”  “Squawk on the Street” adding that drillers won’t be doing lavish …

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Pipeline Protesters Appeal to North Dakota Supreme Court

The North Dakota State Supreme Court is being asked to overturn the convictions of the first protesters sent to jail over the Dakota Access oil pipeline demonstrations. The appeals were filed by Mary Redway, 64 of Providence, Rhode Island and Alexander Simon, 27 of Lamy, New Mexico. They were convicted Oct. 19 of misdemeanor disorderly …

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New President Named at Tulsa’s WPX Energy

At Tulsa’s WPX Energy, chief operating officer Clay M. Gaspar has another title—-President. The company named him president effective Dec. 1, 2017. He joined the company in October 2014 as a senior vice president of operations and resource development. Gaspar was named WPX’s chief operating officer in November 2015. “Clay is highly regarded in our …

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