April 2016 archive

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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Two New Energy Bills Signed into Law by Governor Fallin

Two more energy-related bills were signed into law this week by Oklahoma Governor Mary Fallin, one concerning wastewater from oil and natural gas wells and the other regarding gross production taxes on those wells. Senate bill 1122, by Senators A.J. Griffin and Eddie Fields and Rep. Kevin Calvey is an act requiring state agencies to …

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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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Latest Energy Bankruptcy Involves Solar Giant SunEdison

One of the nation’s latest energy firms to end up in Chapter 11 bankruptcy is SunEdison, considered a solar energy giant in the U.S. The Missouri based company had been dealing with financial problems in the past year and earlier this month admitted it had a $12 billion debt. But in the bankruptcy filing, SunEdison …

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144 US House Members Want Answers from EPA Director Over Illegal Funding of Activists

Four Oklahomans in the U.S. House joined 140 other House members this week in sending a letter to EPA Administrator Gina McCarthy demanding answers about the EPA’s funding of a website and advocacy campaign to influence Washington State voters for more regulation of farmers and ranchers. Representatives Jim Bridenstine, Tom Cole, Frank Lucas and Markwayne …

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First North Dakota Oil Arrives in Netherlands Since Lifting of Export Ban

The first shipment of North Dakota Bakken crude oil since the lifting of a 40-year old ban on exports has arrived in the Netherlands. A tanker carrying 175,000 barrels of oil was unloaded this week in Rotterdam, Netherlands. The ban on oil exports was lifted by Congress and the President in December. The Associated Press …

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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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Moody’s Oklahoma Projection Not a Shock

The projection offered this week about Oklahoma’s slumping economy from Moody’s Investors Service wasn’t necessarily a shock to state leaders. Nonetheless, it also wasn’t consoling to the governor and legislative leaders as they struggle with a $1.3 billion hole in Oklahoma’s budget for next year. Moody’s released a report indicating Oklahoma’s suffering from declining revenue …

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Ring Energy to Offer Common Shares

Ring Energy, Inc. announced Wednesday that it intends to offer shares of its common stock with an option to purchase an additional 15% of the amount of shares in the public offering. The offering is subject to market conditions. There is no assurance as to whether or when the offering may be completed or as …

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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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