OGE Linemen Returning from Puerto Rico

 The last of the OGE linemen sent to restore electrical power in Puerto Rico were scheduled to arrive back in Oklahoma on Thursday. For the past 40 days, they were in the northern part of the island that lost all electricity when hurricane Maria hit in September. The linemen were slated to arrive at Oklahoma …

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Wind Coalition Says It Had Nothing to Do with Texas Political Consultant

The latest in the state’s investigation of who put a tracking device on the pickup truck of Moore Rep. Mark McBride and the Texas political consultant subpoenaed in the case. Now the Wind Coalition’s president Jeff Clark denies hiring George Shipley or Shipley’s company to do opposition research on McBride because he opposes the wind …

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Shale Oil Boom Sends Production to Record High

We learned this week that U.S. oil production hit a record high in November 2017, thanks to the shale boom in Oklahoma, Texas, Kansas, North Dakota and other oil-producing states. U.S. crude production was 10.057 million barrels a day for the month, the highest amount on record on monthly data collected since 1920 according to …

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Profits up, fuel sales down at Travel Centers of America

Ever wonder just how profitable some of those big truck stop companies are?  Travelcenters of America, with operations throughout Oklahoma is out with its quarterly and year-end financial results. Its total revenues for 2017 came to more than $6 billion while the fourth quarter revenues totaled $1.5 billion, up from the $1.4 billion reported in …

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BNSF Sues Washington State Leaders Over Denial of Coal Train Contracts

BNSF Railway company, the firm that recently announced plans to spend $100 million on rail improvements in Oklahoma is taking another state to court.  The company wants to join a lawsuit filed by Lighthouse Resources against Washington Governor Jay Inslee and members of his administration, accusing them of violating the U.S. Constitution and other federal …

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Murphy Oil Adds New Vice President of Tax

Murphy Oil in El Dorado, Arkansas announced this week the election of Louis W. Utsch to be Vice President of Tax by the board of Directors. He succeeds Tim Butler who is retiring from the company. Utsch joined the company in January as Senior Tax Director. He has more than 20 years of experience at …

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NGL Enters into Joint Venture for Underground Storage Project in Utah

Tulsa’s NGL Energy Partners LP announced it has entered a $45 million joint venture with Magnum Liquids LLC to focus on storage of natural gas liquids in the salt caverns located southwest of Salt Lake City, Utah. It is the site of NGL’s Sawtooth Storage facility and there are 5 underground salt caverns. The venture …

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AAA Warns of Gasoline Spike Coming in April

While Oklahoma gasoline prices average $2.36 a gallon, AAA Oklahoma is warning motorists of a price spike putting prices they haven’t seen since 2015. The automobile association says on average, most drivers across the U.S. have paid 25 cents more a gallon for gasoline. But AAA is now forecasting the national gas price average to …

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Oil Futures Drop Most in Two Weeks

As U.S. stockpiles of oil rose more than most analysts expected, oil prices on Wednesday fell the most in more than two weeks. WTI plunged $1.37 down to $61.64 for April 2018 deliveries. That’s a drop of 2.2%. Brent Crude in London dropped 85 cents a barrel to $65.78 Natural gas prices on the New …

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State Agencies Deal with 2% Budget Cuts

Those state agencies dealing with the environment, transportation, oil and gas and other energy related matters in the state already were aware their budgets were being cut 2 percent before Gov. Mary Fallin made it official this week. Gov. Fallin on Tuesday signed House Bill 1020XX , the Fiscal Year 2018 budget bill into law.  …

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