July 7, 2017 archive

ConocoPhillips to Release 2Q Earnings July 27

With a major operation in Bartlesville, ConocoPhillips plans to release its second-quarter 2017 results on July 27. The Houston-based company said the results will be released before the market opens on that day and a conference call webcast will begin at 11 a.m. CT. The webcast will be available at ConocoPhillips’ Investor Relations site, www.conocophillips.com/investor. …

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Warren Buffett Expands Energy Holdings in Texas

Berkshire Hathaway Energy, a subsidiary of Warren Buffett’s Berkshire Hathaway Inc. announced a merger agreement with Energy Future Holdings Corp. in a nearly $11 billion deal. It means Berhshire Hathaway Energy will acquired reorganized EFH which will also result in the acquisition of Oncor, the energy delivery company serving 10 million customers in Texas. It …

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Dallas Energy Supplier Makes $350 million Purchase of Power Plant

Dallas,Texas based Vistra Energy has announced the $350 million purchase of a 1,054 MW combined cycle, combustion turbine power plant in Odessa, Texas. Vistra, parent company for TXU Energy and Luminant made the purchase from a subsidiary of Koch Ag and Energy Solutions LLC. Curt Morgan, Vistra Energy’s CEO said the asset purchase was made …

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Pipeline Company Fights Claims Over 2015 Spill

Houston’s Plains all American Pipeline company continues battling lawsuits in California following a 2015 pipeline spill near Santa Barbara. This week, the company with offices in Oklahoma City and pipeline operations throughout Oklahoma told a California judge an oil field service firm and five oil workers were not entitled to economic loss damages as a …

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Pipeline Security Guards No Longer Used at North Dakota Pipeline

Following months of what became violent protests, calm has returned to the site of the Dakota Access oil pipeline in North Dakota and it’s allowed Dallas-based Energy Transfer Partners to no longer have private security on the scene. Spokeswoman Vicki Granada with ETP told the Associated Press, “We continue to have security measures in place …

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Interior Secretary Wants More Drilling on Federal Lands

Oil and gas production on federal lands in Oklahoma isn’t considered a major topic compared to what’s happening in Wyoming and Montana. But when Interior Secretary Ryan Zinke calls for more oil and gas lease sales on public lands and faster permits, it does affect Oklahoma exploration companies. For they are among those firms seeking …

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Government Confirms Hacking Attempts at Wolf Creek Nuclear Power Plant

First there were the claims of Russian hackers trying to interfere in the U.S. Presidential elections last year. Now there are reports of hackers actually penetrating the computer networks of firms operating nuclear power stations.   And one of them is in nearby Kansas. A report in the New York Times says one of those …

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