A Florida utility must refund nearly $24.5 million to customers since the state’s highest court ruled that state regulators exceeded their authority by allowing recoupment of speculative investment charges involving a Louisiana-based hydraulic fracking company with Oklahoma holdings. Against staff recommendations, the Florida Public Service Commission unanimously approved guidelines last June allowing Florida Power & …
From Attorney General’s office: OKLAHOMA CITY – After a lawsuit brought by Oklahoma Attorney General Scott Pruitt, the Federal Communications Commission (FCC) issued an order this week that will save the state millions of dollars by partially relieving state and local agencies from the burden of unlawful federal regulations. The suit involves the FCC’s attempt …
The same week that Summit Utilities took over operations of the Arkansas Oklahoma Gas Corporation, the firm agreed to pay $307,000 in fines in Maine over safety violations. One of the violations, according to the Associated Press was a potentially “catastrophic” gas leak in Augusta, Maine. Known as Summit Natural Gas of Maine, the company …
What Donald Trump says about energy gets the attention, pro or con from oil and gas people in Oklahoma, Texas and other fossil-fuel producing states, especially if it concerns fracking. His recent comments about supporting voters who want to control fracking caught the attention of the Dallas Observer and reporter Christian McPhate. He reached out …
The government’s apparently reached a settlement over the cleanup of the massive mining operation that became a Superfund site west of Red River, New Mexico. The U.S. Department of Justice and the State of New Mexico filed a proposed $143 million settlement with Chevron Mining Inc. over the next step in the cleanup of Chevron’s …
The Texas law firm known for its handling of bankruptcies is out with its latest report on the cases. Haynes and Boone released its Oil Patch Bankruptcy Monitor this month showing 90 E&P companies filed for Chapter 11 protection since the beginning of 2015. Forty-four of them were Texas companies and the total defaulted debt …
Another lawsuit has been filed by Duncan residents alleging Halliburton Energy Services polluted their property through an old missile and rocket fuel removal, disposal and open burning operation years ago. More than 100 residents filed suit this week in Oklahoma City federal court (CV-00910-M) claiming the operation left their property damaged. Another suit against Halliburton …
The Climate Change war between Exxon Mobil Corp. and Massachusetts Attorney General Maura Healey heated up this week in a Texas federal court where Healey asked a judge to throw out Exxon’s lawsuit. Healey contends the suit is a “transparent attempt at forum shopping” in the company’s fight against her climate change investigation. She …
Oklahoma City-based Panhandle Oil and Gas Inc. reported a third quarter net loss of $787,000, or a loss of 5 cents per share, on Monday, according to a company press release. The oil and gas company reported a net loss of $729,000, or a loss of 4 cents per share, for the same quarter a …
After reaching a two-week high, crude oil futures retreated on Tuesday as traders pondered government data reports suggesting an increase in inventories, according to Bloomberg MarketWatch. On the New York Mercantile Exchange, West Texas Intermediate crude futures for September delivery fell 25 cents, or 0.6%, to settle at $42.77 a barrel. October Brent crude, the …
