May 13, 2016 archive

Lankford—–Why He Voted for Energy and Water Bill

  U.S. Sen. James Lankford was quick to praise the Senate for approval of the massive Energy and Water Development bill, noting that it was passed “in an open process.” The Republican Senator said the appropriations Act includes a proposal from his government waste report entitled, “Federal Fumbles: 100 ways the government dropped the ball.” …

Continue reading »

NGL Energy Holdings Gets New Board Member

Tulsa-based NGL Energy Partners LP has named Christopher Beall to its board of directors of its general partner, NGL Energy Holdings LLC. Beall has more than 16 years of experience in direct investments, investment banking and finance and served as a key investment professional for Highstar Capital prior to joining Oaktree Capital in 2014, according …

Continue reading »

Seventy Seven Energy Gets Support from Creditors—–Still Plans Chapter 11 Bankruptcy Filing

  Days after announcing it had started asking for approval from its creditors of a prepackaqed Chapter 11 bankruptcy reorganization plan, Oklahoma City-based Seventy Seven Energy Inc. stated it had entered into a second amended and Restated Restructuring Support agreement. But it still intends to head to bankruptcy court. In Friday’s announcement, the struggling energy …

Continue reading »

DiCaprio Joins Fight Against Dakota Access Pipeline

Dallas-based Energy Transfer Partners LP, the same firm in the midst of a merger with Tulsa’s Williams Companies, has successfully won agreement with every landowner along its $3.8 billion Dakota Access Pipeline in the Dakotas.  But the pipeline has picked up opposition from movie star Leonardo DiCaprio who said he is “standing with the Great Sioux Nation …

Continue reading »

Big Energy and Water bill Passed by U.S. Senate

Oklahoma U.S. Senators Jim Inhofe and James Lankford were among those who voted to pass a $37.5 billion energy and water bill on Thursday in the Senate. The overwhelming approval came after an impasse was resolved over a Republican amendment that Democrats contended would wrongly weaken the administration’s nuclear deal with Iran. The energy and …

Continue reading »

Unfinished Nuclear Power Plant for Sale

For sale:  Cheap.  Never completed nuclear power plant. Only $36 billion. It’s a want ad you won’t read in the newspaper as the Tennessee Valley Authority decided recently to declare the Bellefonte nuclear plant near Hollywood, Alabama to be surplus. While the 1,600 acre site is unfinished, it’s cost more than $4 billion over the past …

Continue reading »

Energy Groups Sue to Stop Greater Protection of Sage Grouse

Even as the U.S. Fish and Wildlife Service moved this week to not relist the Lesser Prairie Chicken as a threatened species, the government was being sued over efforts to protect the greater sage grouse. The Western Energy Alliance and North Dakota Petroleum Council filed suit over the drilling restrictions put in place to protect …

Continue reading »