June 2016 archive

10th Circuit Declares Environmental Fight Over 2 Coal Companies is “Moot”

The Denver Federal Appeals Court has ruled against challenges that claimed the U.S. Department of the Interior wrongly gave permission to two Colorado coal mines to expand their operations. Instead, the 10th U.S. District Court of Appeals found the challenges were “moot” because the federal agency had completed an environmental assessment and vacated the original …

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ETE’s Warren Got Cold Feet 3 Months After Announcing Merger with Williams Cos.

While Williams Companies is urging its shareholders to approve the $38 billion merger with Energy Transfer Equity of Dallas, ETE’s CEO Kelcy Warren has second thoughts about the deal announced last fall.  And testimony in a Delaware trial of one of the lawsuits filed by Williams against ETE indicated Warren had those thoughts within a …

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Williams Board Members Urge Shareholder Approval of Merger with ETE

Less than one week before shareholders of Tulsa’s Williams Cos. decide on a controversial merger with Energy Transfer Equity of Dallas, Williams says three out of four of the leading proxy advisory firms recommend they vote for the proposed transaction. In a filing with the Securities and Exchange Commission, the company said the three are …

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Wyoming’s Coal Industry is Hurting—–Being Replaced by Wind Industry

  A sign of the times in Gillette, Wyoming.  A U-Haul dealer has been sold out since earlier this month.  It’s also an affirmation that the state’s coal industry is slowly dying and replaced by the wind industry. As the New York Times recently reported, the last coal mine in southwest Wyoming closed nearly ten …

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Energen’s Plan—-Drill Wells and Sit on Them

  Alabama based Energen Corporation says it has closed and signed purchase and sale agreements on more than half a billion dollars in holdings in West Texas and northwestern New Mexico and now is a pure Permian Basin developer. The company sold some holdings in the Delaware Basin of west Texas and the San Juan Basin in …

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Bokoshe and Its Coal Ash Dump are Focus of Photographer

  “We’ve got to clean up Bokoshe. We’ve got to stop this cancer rate. “ For six years, freelance documentary photographer Carlan Tapp has been photographing the coal ash dump around the southeastern Oklahoma town of Bokoshe…the town OK Energy Today has reported on over the past few years. Now Tapp is out with a …

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Oklahoma Pump Prices Fall Ahead of Summer Driving Season

Oklahoma gasoline prices are seven cents lower this week, averaging $2.09 a gallon at the beginning of the summer driving season, according to the latest fuel report issued on Monday by AAA Oklahoma. The $1.95 a gallon average in Muskogee is lowest in the state while Stillwater has the highest average at $2.20 a gallon. …

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Crude Oil Futures Post Gains on Monday as EU Fears Diminish

Oil futures jumped on Monday with the news that the United Kingdom would likely remain a member of the European Union, according to Bloomberg MarketWatch. July West Texas Intermediate climbed $1.39, or 2.9%, on the New York Mercantile Exchange to end trading at $49.37 a barrel. The July contract expires on Tuesday while as August …

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CSI Compressco Taps Derek Coffie as New CFO

Derek Coffie was recently named as the Chief Financial Officer for CSI Compressco LP, according to a company press release issued on Monday. Coffie has over 35 years of financial experience working in agribusiness, manufacturing and land-based diesel engine services. Prior to joining CSI Compressco, Coffie served as Vice President of Finance and Controller for United Holdings, …

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Completion Reports June 21, 2016

CARTER COUNTY Citation Oil & Gas Corporation 29 4S 1W Cottonwood Creek 29-d 1, June 20, 2016 SH, TA, TD: 13613 ft Lat: 34.17455, Long: -97.33293 API: 35019237480005 GRADY COUNTY Warren American Oil Company Llc Viola-1stbromide: Oil 109 Gas 173 Water 135 Flow 23 5N 5W Henson 4-23, April 29, 2016 DH, OIL, TD: 12525 …

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