January 2, 2018 archive

Another Quake Shakes Town of Marshall

For the second time in two weeks, a strong earthquake has rattled the northwest Oklahoma area around the Logan County town of Marshall. The late Tuesday morning earthquake measured 3.5 magnitude and had an epicenter about two and a half miles southwest of the town which would put it in Kingfisher County.  The depth was …

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NGL Moves Forward With Debt Reduction After Pipeline Sale

Tulsa-based NGL Energy Partners LP announced this week it has completed part of its deleveraging plan using the $300 million in proceeds received from the sale of its 50% interest in Glass Mountain Pipeline LLC. The resulting debt reduction includes a prepayment in full of all its 6.65% senior secured notes due June 19, 2022. The …

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Dallas Energy Firm Delisted From NYSE as Troubles Grow

All is not good in the oil patch for some firms such as Dallas based EXCO Resources. It has been delisted from trading at the New York Stock Exchange. Known for its oil and gas exploration in the Eagle Ford Shale, EXCO has started trading on the OTC Pink Marketplace. The New York Stock Exchange …

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Monthly Business Survey Shows Continued Economic Growth in Midwest

A monthly survey of supply managers in Oklahoma and 8 other Midwestern states shows more regional economic growth.  The Mid-America Business Conditions Index  carried out by Creighton University economist Bernie Goss revealed growth for December 2017, making it 13 straight months of improvement. However, Oklahoma’s overall index in the survey slipped slightly from November from …

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OCC Hearing Starts Thursday on Massive Panhandle Wind Farm

The Oklahoma Corporation Commission starts hearing public comments Thursday in the proposed $4.5 billion wind farm for Public Service Company. Commissioners will take public statements beginning at 1:30 p.m. on the Wind Catch Clean Energy Project. The commission  will also hold a full hearing on Jan. 8 on the project that’s an effort of PSO …

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Retired General Accuses Supreme Court of Dereliction of Duty

The Oklahoma State Supreme Court’s recent decision not to overturn a bribed 1989 Corporation Commission vote on an ATT rate case prompted one consumer to accuse the justices of “dereliction  of duty.” The charge comes from Lt. Gen. Richard A. Burpee, the former commanding general of Tinker Air Force Base. He and a handful of …

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Worker Killed in Oilfield Site

An accident at an oilfield lease site near the town of Ninnekah in Grady county left one man dead over the weekend. The Oklahoma Highway Patrol identified the victim as Jessie Ray Martinez of Purcell. He was killed when he was caught between the back of a truck and a backhoe that was unloading mud. …

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