October 2016 archive

Supreme Court Upholds $30 million Judgment over Pipeline Explosion Death and Sale of Company

The Oklahoma Supreme Court has upheld a $30 million judgment against two Enterprise Products Partners LP units over a 2010 Texas pipeline explosion that killed a worker and led to the failure of the company that had employed him. The ruling came in a Washington county lawsuit filed by C and H Power Line Construction …

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Pickens on Trump—–He’s a Buffoon, but He’s Our Buffoon

“He’s a buffoon, but he’s our buffoon.”  T-Boone Pickens on Donald Trump.     When it comes to oil and gas exploration, there’s no doubt T-Boone Pickens knows what he’s talking about. When it comes to Presidential politics, the 88-year old billionaire who grew up in the southeastern Oklahoma town of Holdenville has some definite …

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IEA Report Reveals Significant Increase in OPEC Output as WTI, Brent Fall on Tuesday

Crude oil futures settled lower on Tuesday but remained above the crucial $50 benchmark as a report of OPEC’s record production in September reflected a retreat in the market, according to Bloomberg MarketWatch. November West Texas Intermediate crude fell 56 cents, or 1.1%, to settle at $50.79 a barrel on the New York Mercantile Exchange. On …

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Permits to Drill October 12, 2016

  Blaine County CALF ROPE 1611 #1-1-12MXH, October 11 2016 01 16N 11W NWNWNWNW API: 01123668 Lat: 35.89783660815061, Long: -98.33095333824217 MARATHON OIL COMPANY HH, DR, 20309 ft, MISSISSIPPIAN(8879) Kay County MOCCASIN FEDERAL #8-7N, October 11 2016 08 25N 1E SESESWSE API: 07124864 Lat: 36.652709522369626, Long: -97.21586590500497 RANGE PRODUCTION COMPANY LLC HH, DR, 9600 ft, MISSISSIPPIAN(4250) …

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FedEx Opens CNG Truck Center with Help of T-Boone Pickens

  FedEx Freight dedicated a massive new CNG center for its Oklahoma City freight headquarters on Tuesday and who better to be on hand than billionaire oilman T-Boone Pickens, the energy leader who is pushing the conversion of trucks to CNG power. The 88-year old native of Holdenville joined national leaders of FedEx as well …

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Federal Reserve Bank Survey Shows ‘Modest’ Increase in Energy Activity

The latest energy survey by the Federal Reserve Bank of Kansas City showed a slight increase in activity. The 3rd quarter survey result was described a “moderate increase in Tenth District energy firm activity,” according to a release by the Bank. “For the first time in two years, firms reported rising business activity and revenues …

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Employees Settling in at New ConocoPhillips Headquarters

The 1,100 employees who work at the ConocoPhillips headquarters in Houston are getting used to the new 546,000 square-foot tower. The Energy Center Three, a 20-story building can actually hold 1,400 employees according to the Houston Business Journal which provided a photographic slide show of the interior of the building. Every floor in the building …

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Oklahoma Gasoline Prices Climb Slightly

Gasoline prices in Oklahoma have moved upward slightly over the past week, reaching a new state average of $2.07 a gallon, or two cents a gallon more according to GasPrices.AAA.com. “Gas prices have been rising across the nation and here in Oklahoma,” said Chuck Mai, spokesman for AAA Oklahoma. “The good news for motorists is …

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Feds and Sierra Club Challenge Fracking Court Case

The federal government still contends it has the authority to regulate hydraulic fracturing on federal and Native American lands. So does the Sierra Club. The two went this week to the U.S. 10th Circuit Court of Appeals in Denver, hoping the judges will overturn a Wyoming federal judge’s ruling that went against the Bureau of …

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Actress Among Protesters Arrested at Riot over North Dakota Pipeline

  Actress Shailene Woodley was one of those arrested this week while protesting the Dakota Access oil pipeline in North Dakota. The Associated Press reported that the “Divergent” star was arrested for criminal trespass and engaging in a riot during a protest at a construction site that involved nearly 300 people in Morton County. She …

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