March 2016 archive

Promotions at Plains All American

Plains All American Pipeline, the Houston firm with big operations at the Cushing tank farm announced several officer promotions over the weekend.
Steve Falgoust, Dean Gore, Barrry Holtzman, Megan Prout, James Robert and Jim Tillis were each promoted …

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Fitch Gives Stable Rating to Noble Despite Energy Firm’s $8 billion Debt

Noble Energy, the firm once founded in Oklahoma and headquartered in Ardmore gets a ‘stable’ Rating Outlook from Fitch Ratings as well as a “BBB-‘ first-time ratings to the company’s Long-term Issuer Default Rating and senior unsecured ratings.
The an…

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Phillips 66 to release 1st Quarter Financial Results in Late April

We’ll know how good or bad the economic situation is for Phillips 66 later in April when the company will release its first-quarter financial reports. The executive management will release the results on Friday, April 29 and also hold a conference call…

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Permits to Drill March 28, 2016

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Duke Energy Announces Plan to Turn Pig Poop into Electricity

Turning pig poop into electricity? It’s what Duke Energy Corp. plans to do in North Carolina. The Charlotte based utility announced it has contracted with Carbon Cycle Energy to build a plant that will collect methane from pig and chicken waste, refine…

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Tulsa Still Reeling from Possible Loss of Williams Cos. Headquarters in ETE Merger

“I know this news is unsettling.” Alan Armstrong, CEO of Williams Cos.

Word that the merger of Williams Cos. with Dallas-based Energy Transfer Equity will likely mean the consolidation of corporate offices and headquarters and relocation to…

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Tulsa Still Reeling from Possible Loss of Williams Cos. Headquarters in ETE Merger

“I know this news is unsettling.” Alan Armstrong, CEO of Williams Cos.

Word that the merger of Williams Cos. with Dallas-based Energy Transfer Equity will likely mean the consolidation of corporate offices and headquarters and relocation to Texas…

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Nation’s Gasoline Prices Rise Above $2 a Gallon Average

Just as Chuck Mai at AAA Oklahoma predicted earlier in the week, the nation’s gasoline average rose over the $2 average. It hit $2.01 on Thursday while Oklahoma’s average price was $1.87, or 37 cents above the price one month ago. Still, AAA Oklahoma …

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USGS to Release First-Ever Map of Induced Earthquakes

The U.S. Geological Survey will be out this week with a report and its first-ever maps showing potential ground-shaking hazards from human-induced and natural earthquakes.
It no doubt will include the induced earthquakes that have produced something …

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Crude Oil Futures Decline Before Market Holiday

Oil futures finished lower Thursday after a report showed that the number of rigs actively drilling for crude in the U.S. fell over the past week, suggesting that production might soon decline.
On the New York Mercantile Exchange, May West Texas Inter…

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