Houston Firm Makes $102 million Assets Purchase

Despite the downturn in oil and gas prices, Houston-based Black Stone Minerals L.P. has made a $102 million purchase of 1.2 million acres of assets in Texas, Louisiana and Arkansas. The company made the purchase from Freeport-McMoRan Oil and Gas. “This transaction is a great example of the type of package that Black Stone likes to …

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Inhofe—the Paris Climate Agreement Will Fail

Secretary of State John Kerry’s signing of the Paris international climate agreement this past weekend prompted Oklahoma U.S. Sen. Jim Inhofe to call it an agreement that President Obama cannot deliver his commitments. “His so-called Clean Power Plan, the centerpiece of his efforts, has been rejected by a bipartisan majority in Congress and lacks support …

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Solar Plane On Course For Weekend Arrival in Silicon Valley

A solar-powered airplane on an around-the-world journey has reached the halfway point as it travels from Hawaii to California. The Solar Impulse 2 aircraft is operating with pilot Bertrand Piccard at the controls. Piccard took a few minutes Friday to exchange pleasantries with the United Nations secretary general as he flew high above the Pacific …

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Halliburton Cuts 6,000 Jobs As Drilling Declines

Halliburton Co. said Friday that it cut more than 6,000 jobs in the first quarter, continuing a purge at the oilfield­ services company that has reduced its workforce by one ­third since late 2014. The company revenue in the first quarter fell to $4.2 billion, a 40 percent decline from the first quarter of 2015. …

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Study Finds Great Plains Wind Farms Low Risk to Sandhill Cranes

A new study published by the U.S. Geological Survey finds that sandhill Cranes flying over the Great Plains are not at serious risk from the many wind turbines in the region. It said the current placement of the towers in central and southern Great Plains, a region that includes Oklahoma, Kansas and Texas “may have …

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Drought Eased in Western Oklahoma—-Severe Weather in Next Week’s Forecast

Rainfall this week cut areas of drought in Oklahoma according to the Thursday report of the Oklahoma Mesonet. “We went from 32 percent of the state in drought to 10 percent,” said Gary McManus, State Climatologist. “That seems about right. The only increases were in western Roger Mills and Ellis counties and also over in …

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Lankford Questions Government’s Role in Forcing Energy Improvements

Oklahoma U.S. Senator James Lankford said his opposition this week to a new national energy bill came down to standing by his conservative beliefs and principles when it comes to government spending. “I do have a problem when we ask one taxpayer to pay for the weatherization and energy efficiency of their next-door neighbor and …

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Tulsa’s Sheehan Pipe Line Construction Company Files For Chapter 11 Bankruptcy

Tulsa-based Sheehan Pipe Line Construction Company filed for Chapter 11 bankruptcy Friday in U.S. Bankruptcy Court for the Northern District of Oklahoma, according to a Tulsa World report. The Chapter 11 bankruptcy filing lists both Sheehan’s estimated assets and liabilities as being somewhere in the $50 to $100 million range. The company’s estimated number of …

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Sen. Lankford Could Not Support New Energy Bill—-Called it Flippant Spending of Taxpayer Dollars

When the U.S. Senate gave overwhelming approval to the nation’s new energy bill, it did not have the support of Oklahoma U.S. Senator James Lankford. “I cannot support legislation that uses taxpayer dollars flippantly,” said the Republican Senator in a statement after the Wednesday morning vote. “The bill encourages an expansion of federal land holdings …

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OKC Federal Judge Consolidates 11 Antitrust Suits Against Chesapeake Energy

Hit with lawsuits accusing it of antitrust violations and allegations of bid-rigging, Chesapeake Energy has been successful in getting eleven class-action suits consolidated in Oklahoma City federal court. U.S. District Judge Vickie Miles-LaGrange issued the order after several suits were filed following the March federal indictment of former Chesapeake CEO Aubrey McClendon who died later …

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