February 2016 archive

Pipeline Safety Hearing to be Held Tuesday by Rep. Mullin and Others

Oklahoma congressman Markwayne Mullin and others on a subcommittee of the House Energy and Commerce Committee will hold a legislative hearing on Tuesday to examine the nation’s pipeline safety reauthorization.
Five witnesses will appear before the Sub…

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Oil Price Decline Brings Drop in Number of Crude Oil Tankers by Rail

The number of crude oil rail cars passing through Oklahoma and other energy-rich states declined last year in the U.S. as oil prices fell. That’s according to the Association of American Railroads.
The group said 410,249 carloads of crude were c…

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Oil Price Decline Brings Drop in Number of Crude Oil Tankers by Rail

The number of crude oil rail cars passing through Oklahoma and other energy-rich states declined last year in the U.S. as oil prices fell. That’s according to the Association of American Railroads.
The group said 410,249 carloads of crude were carried…

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North Dakota Requires More Monitoring of Massive Oil Pipeline

Dallas-based Energy Transfer Partners will have to cough up another $100,000 to pay for an independent review of its construction of the biggest-capacity pipeline proposed to move crude from North Dakota’s oil patch. The state Emergency Commissio…

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North Dakota Requires More Monitoring of Massive Oil Pipeline

Dallas-based Energy Transfer Partners will have to cough up another $100,000 to pay for an independent review of its construction of the biggest-capacity pipeline proposed to move crude from North Dakota’s oil patch. The state Emergency Commission vote…

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Profit Takers Turn Crude Prices Lower on Friday

Profit taking pushed crude prices lower on Friday. April West Texas Intermediate crude on the New York Mercantile Exchange lost 29 cents to end trade at $32.78 a barrel. On the London ICE Futures Exchange, April Brent crude fell 19 cents to settle at $…

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Chesapeake Energy Hit with Downgrading by Fitch Ratings

Another round of bad news for Oklahoma City-based Chesapeake Energy as Fitch ratings has downgraded the company’s long-term issuer defaulting rating from ‘B’ to ‘B-‘, according to an announcement by the Chicago based firm.
Fitch indicated the downgrad…

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Completion re[ports February 29, 2016

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Permits to drill February 29, 2016

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OGE Moves up Construction of Wind Farm Transmission Line

The construction of a $190 million transmission line to connect wind farms in northwest Oklahoma is being moved up by Oklahoma Gas and Electric. Instead of waiting another three years, the utility plans to begin construction early in 2017 on the 126-mi…

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