February 20, 2018 archive

Tulsa Time Thrusts Pruitt into a Watchdog’s Spotlight

Those trips home from Washington are coming back to haunt Environmental Protection Agency Administrator Scott Pruitt. Documents released in the past several days revealed how the EPA tried to justify some of the expensive charter flights taken by the former Oklahoma Attorney General, including $14,000 for a business trip around Oklahoma. The documents include several …

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Wind Farm Company Claims Evidence Shows City of Hinton Didn’t Follow the Law

The NextEra Energy Resources wind company claims in federal court documents it has discovered Hinton did not properly follow state law in creating a 2015 ordinance to control wind farms 2 miles outside the city limits, an ordinance that led to a lawsuit challenging it. NextEra’s claims were revealed in the lawsuit filed in Oklahoma …

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Oil Companies Fight Lawsuit After 2016 Pawnee Earthquake

A Pawnee County District Court Judge has set a late February hearing as a lawsuit filed after the 5.8 magnitude earthquake in Pawnee in 2016 progresses. The suit filed by Johnny Lee and Janice Marie Bryant was one of the first to be filed following the quake that caused extensive damage to homes and businesses …

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XTO Gas Well Yet to be Capped After Explosion

Houston-based XTO Energy, the ExxonMobil subsidiary with more than a million acres of holdings in Oklahoma has problems with a natural gas well that exploded last week in West Virginia. At last word, residents within a mile of the well near Powhatan Point were not allowed back into their homes following the Thursday explosion that …

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Democrats Push GOP Leadership to Move Forward With Auditor Jones’ Budget Plan

Oklahoma State Auditor Gary Jones is getting more support from Democrats in the State House for his proposed plan to solve the state government budget crisis.  After the House approved $44 million in budget cuts on Monday, Democrats unleashed criticism of House leaders for not allowing the introduction of what Jones has proposed. A press …

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Big 4th Quarter for OKC’s Enable Midstream Partners

Oklahoma City’s Enable Midstream Partners, LP reported a big fourth quarter earnings report showing a $40 million increase in earnings from a year ago. Netcome from limited partners for the fourth quarter 2017 totaled $108 million, far more than the $68 million reported in December 2016. The company also reported net income for common units …

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Holly Energy Reports Big Jump in 2017 Earnings

Nothing like an increase in the price of oil to help a company increase its profits as indicated by Dallas-based Holly Energy Partners, L.P. The company reported its fourth quarter 2017 net income was $86.1 million, more than double the $41.4 million it reported for the fourth quarter of 2016. For shareholders, that’s a jump …

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Quarterly Earnings Up at Noble Midstream Partners

Houston’s Noble Midstream Partners LP reported fourth quarter 2017 net income of $46 million from quarterly revenue totaling $68 million. It resulted in a 4.7% increase over the third quarter of distribution per share totaling $0.4883. The company also said it represented a 24% year-over-year increase. Noble also reported oil and gas gathering volumes of …

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