Oklahoma Injection Wells Received Tiny Amount of Out-of-State Wastewater

Not all of the wastewater dumped into those controversial injection wells suspected of causing earthquakes in Oklahoma came from state wells. A small amount came from out-of-state.
Of the 1.5 billion barrels pumped back below the earth’s surfac…

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Clean Cities Honors to Midwest City and B and H Construction

On the 20th anniversary of the Central Oklahoma Clean Cities Coalition, the group is honoring B and H Construction LLC and the City of Midwest City for their accomplishments in advancing and deploying alternative fuels and advanced technology vehicles….

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State’s Overall Jobless Numbes Decline Despite Energy Layoffs

Oklahoma’s latest jobless figures show only a slight drop in the state’s unemployment rate, dipping to 4.1 percent. It was a decline of one-tenth of a percent from November 2015 but also two-tenths of a percent more than in December of 2014.
The slig…

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Fitch ratings Changes Energy Industry Outlook to Negative

In a move that will affect some Oklahoma energy companies and their possible borrowing abilities, Fitch Ratings in New York has revised its 2016 rating outlook for the U.S. Oil and Gas industry to Negative from Stable.
It’s due to the impact of …

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Continental Resources Cuts Capital Spending Budget

Continental Resources plans to spend two thirds less on capital expenditures this year compared to last year’s spending plan. The Oklahoma City company made the announcement Tuesday it had a budget of $920 million in non-acquisition capital expenditure…

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OPEC Signals Boost Crude Prices on Tuesday

Hopes of global production cuts helped boost crude prices on Tuesday. March West Texas Intermediate crude added $1.11 to settle at $31.45 a barrel on the New York Mercantile Exchange. On the London ICE Futures Exchange, March Brent crude gained $1.30 t…

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Oklahoma, Other States Turn to Supreme Court for Stay of EPA Clean Power Plan

A coalition of Attorneys General is pleading that the Supreme Court put a stay on the Environmental Protection Agency’s Clean Power Plan. Oklahoma has joined West Virginia, Texas and several other states in a lawsuit to stop the implementation of the E…

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Gasoline Prices Average $1.53 in Oklahoma

Oklahoma has become one of only three states in the nation with a gasoline average prices below $1.60 a gallon, according to AAA Oklahoma’s Fuel Gauge Report which indicated the new statewide average is $1.53 per gallon.
It is the second-lowest point …

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Halliburton Confirms 4,000 Layoffs in Last Few Months

Houston-based Halliburton confirms it laid off another 4,000 workers in the final three months of 2015 bringing the total to nearly 22,000 employees let go since 2014. The reduction amounts to a 25 percent cut in the company’s global workforce an…

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AG Pruitt Opts Out of State Budget….Can Do More with Less

How it might affect his agency’s work in battling the Environmental Protection Agency and representing consumers in rate cases before the Oklahoma Corporation Commission we don’t know. But Oklahoma Attorney General Scott Pruitt is asking the governor t…

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