A New Orleans federal appeals court says the government government came down too hard in leveling a $2.6 million fine against Exxon Mobil for the 2013 oil pipeline spill that happened in March 2013 in Mayflower, Arkansas. The U.S. Court of Appeals for the Fifth Circuit threw out some of the safety violations leveled against …
EPA Chief Scott Pruitt says the recent draft of a new climate report contains what he calls a “false narrative” of the fears that he and President Trump might dismiss the findings. It’s what he told a Des Moines, Iowa TV station over the weekend. “The report doesn’t impact the process,” said Pruitt in a …
In the name of protecting and encouraging growth of the sage grouse in western Colorado, historic wagon trails from the 1800s are being destroyed. Environmentalists and state and federal wildlife officials near Gunnison contend the wagon ruts were draining large wet meadows that were considered to be critical to the ecosystem and to the grouse, according …
Completion reports this week of wells drilled by Oklahoma City based Chaparral Energy confirm the company’s expressed plans to expand operations in Oklahoma’s STACK oil play. Those intentions were revealed in Monday’s release of the second quarter results for Chaparral. The same day, the daily completion report published by OK Energy Today, showed the company had …
One of Oklahoma City’s privately-held independent oil and gas exploration companies is reporting this week the discovery of a 1,000-barrel a day oil well in western Oklahoma. Duncan Oil Properties Inc. hit the 1,022 boed Goss well northwest of Clinton and near the small town of Butler, 32 15N 18W in Custer County. Gas production …
Carter County Commissioners in southern Oklahoma have started an energy review of their buildings and facilities. A report in the Daily Ardmoreite this week indicated commissioners met and discussed energy-saving steps with OGE and CLEAResult representative Trey Parsons. CLEAResult offers recommendations and master plans to help organizations and businesses improve their energy efficiency. But the …
Gasoline prices slipped a penny in Oklahoma, reaching a new average this week of $2.12 a gallon according to a weekly release by AAA Oklahoma. Nationally, the average of $2.35 a gallon remained flat for the week but still nine cents higher than one month ago and 22 cents cheaper than a year ago. “Prices at …
Energy Transfer Partners, L.P. in Dallas has announced the pricing of common unit offering. The offering totals 54,000,000 common units representing limited partner interests and the pricing will be at $18.65 a unit. Net proceeds from the offering will be used by ETP to repay amounts outstanding under its revolving credit facilities. The funds will …
Oklahoma City-based Chaparral Energy, Inc. posted a net income of $21.4 million or 47 cents per share, according to a press release issued on Monday. The company announced an adjusted EBITDA of $42.5 million, which is a 15 percent quarter-over-quarter increase. “Chaparral had a very good quarter, fueled by continued best-in-class execution, strong well results …
Crude oil futures plunged on Monday as an output report showed rising production by OPEC members, according to Bloomberg MarketWatch. On the New York Mercantile Exchange, September West Texas Intermediate crude oil dropped $1.23, or 2.5%, to settle at $47.59 a barrel. On the London ICE Futures Exchange, October Brent crude, the global benchmark, fell …
