June 10, 2016 archive

Legislator Wants Interim Study of Oil and Gas Drilling Setback Requirements

State legislators could be making another study and examination of oil and gas drilling in relation to homes and businesses and the rights of those property owners. First, the State House Speaker has to approve the request for an interim study proposal that was made by Rep. Steve Kouplen, (D-Beggs) who submitted it prior to …

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Osage Nation Pays $74 million for Ted Turner’s Osage County Ranch

Media mogul Ted Turner has sold his 43,000 acre Bluestem Ranch in Osage County to the Osage Nation. It was a reported $74 million-purchase by the tribe, making the tribe one of the biggest landowners in the county. Turner, the man behind CNN and Turner Broadcasting bought the ranch in 2001 and raised buffalo. The …

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Mexico Gets First Non-Pemex Gas Stations in 80 Years

  After nearly 80 years, Mexico is getting its first gas station that isn’t owned or operated by the government-owned Pemex corporation. Two companies recently opened three gas stations under their brands, a result of energy reforms passed two years ago by the federal government. The company, Hidrosina opened one in Mexico City while the …

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Colorado has 40 Times more Natural Gas Than First Believed?

  The U.S. Geological Survey now says Western Colorado has far, far more natural gas than previously thought…maybe 40 times more. It’s what government and industry experts recently said in Denver, explain the Mancos Shale formation in the state’s Piceance Basin holds an estimated 66.3 trillion cubic feet of gas. That’s a huge increase from …

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FTC Forces Williams Companies and ETE to Divest Pipeline Ownership in Florida

In order to settle a Federal Trade Commission complaint that a merger of Williams Companies with Energy Transfer Equity would harm competition in Florida, the two companies have agreed to dump Williams’ interest in an interstate natural gas pipeline. The FTC made the announcement, indicating the proposed consent agreement “preserves competition between Florida Gas Transmission …

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Small Mining Towns Challenged by Tax Credit Cut

Cut the tax credits to the Oklahoma coal-mining industry and you cut money from small communities in the state. It’s the message from not only coal industry officials but from Mary Ann Pritchard, director of the Oklahoma Mining Department. “People don’t realize the coal industry affects small communities,” she said recently in an interview with …

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Catch 22 Results in Opposition to EPA’s Clean Power Plan

At least one electric cooperative serving some Midwestern states makes it clear, it doesn’t think the Environmental Protection Agency’s controversial Cean Power Plan is the way to go. And it’s almost as thought a government “catch 22” forced it to use coal to generate electricity. It’s what Michael McInness, CEO of Tri-State Generation and Transmission …

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Seventy Seven’s Workers’ Comp Status Discussed in Executive Session

A state government agency discussed Seventy Seven Energy Inc.’s pending bankruptcy in executive session on Thursday in an effort to determine what impact it may have on the company’s injured workers. The Oklahoma Workers’ Compensation Commission met on Thursday afternoon to discuss Seventy Seven Energy’s status as an impaired opt-out self-insured under the restructured Oklahoma …

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