2016 archive

Energy Companies “Conned” State of California

Energy companies bilked California out of more than $1 billion? It’s what an administrative law judge at the Federal Energy Regulatory Commission bluntly says happened at the hands of Shell Energy North America and Iberdrola Renewable LLC.
Judge Steve…

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15,000 Wells Later for the OERB

Welcome rainfall on Wednesday might have prevented the Oklahoma Energy Resources Board members from celebrating well number 15,000 to be environmentally cleaned up in the state at the well site, but as the old saying goes, it did not dampen spiri…

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15,000 Wells Later for the OERB

Welcome rainfall on Wednesday might have prevented the Oklahoma Energy Resources Board members from celebrating well number 15,000 to be environmentally cleaned up in the state at the well site, but as the old saying goes, it did not dampen spirits.
I…

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Bloomberg News—-How Wall Street Misjudged the Oil Boom

Reading a Bloomberg News article about how Wells Fargo Bank and Wall Street misjudged the oil boom of 2014 reminds one of how the same thing happened in the early 1980s in Oklahoma, leading to the Penn Square Bank collapse. Bank executives in th…

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Bloomberg News—-How Wall Street Misjudged the Oil Boom

Reading a Bloomberg News article about how Wells Fargo Bank and Wall Street misjudged the oil boom of 2014 reminds one of how the same thing happened in the early 1980s in Oklahoma, leading to the Penn Square Bank collapse. Bank executives in the 80s …

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Energy XXI Latest to File Bankruptcy Amidst Energy Downturn

Another oil and gas producer has gone to bankruptcy court, trying to resolve its billions in debt. Houston, Texas based Energy XXI filed for Chapter 11 restructuring in federal bankruptcy court this week in Houston, trying to eliminate $2.8 billi…

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Energy XXI Latest to File Bankruptcy Amidst Energy Downturn

Another oil and gas producer has gone to bankruptcy court, trying to resolve its billions in debt. Houston, Texas based Energy XXI filed for Chapter 11 restructuring in federal bankruptcy court this week in Houston, trying to eliminate $2.8 billion in …

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Recycling Firm Relocation to Duncan Means New Jobs

A ribbon-cutting ceremony is planned Monday in Duncan for a company that intends to expand to 100 workers within the year, according to the Duncan Area Economic Development Foundation.
Duncan Recycling and Refining, known locally as DR2 is relocating …

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Ethanol Production Drops Nationally to 8-month Low

The nation’s output of ethanol production was the lowest in the past week since the week of September 18, 2015, according to figures released this week by the U.S. Energy Information Administration.
Production averaged 938,000 barrels a day or 3…

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Ethanol Production Drops Nationally to 8-month Low

The nation’s output of ethanol production was the lowest in the past week since the week of September 18, 2015, according to figures released this week by the U.S. Energy Information Administration.
Production averaged 938,000 barrels a day or 39.40 m…

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