February 27, 2018 archive

Regulators Study Recent Quakes Near Perry

State regulators and scientists have started taking a long serious look at a recent increase in earthquakes around Perry.  As OK Energy Today reported this week,  earthquakes have rattled the area in recent days. With some reaching magnitude 3.8 and 3.7, at least five have been recorded west of Perry. The U.S. Geological Center said …

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PSO Crews Return from Puerto Rico

Following a month of 16-hour days working to restore power to the hurricane-battered island of Puerto Rico, a dozen workers from Public Service Company of Oklahoma (PSO) are now back home. The employees were among a group of nearly 70 workers from PSO and its sister companies across AEP who flew to Puerto Rico on …

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WPX Close to Wrapping Up Exit from New Mexico’s San Juan Basin

As Tulsa-based WPX Energy shifts its focus on operations in the Permian Basin of New Mexico and West Texas and the Williston Basin of North Dakota, it has said farewell to all of its operations in northwest New Mexico.  The San Juan Basin. OK Energy Today first reported how the company unloaded its assets earlier …

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Pruitt Praises EPA’s Savings Under Trump Administration

Environmentalists have an obvious different viewpoint, but EPA Administrator Scott Pruitt says his agency has saved $1 billion in the past year by doing away with what he feels are needless regulations. Interviewed recently on Fox News’  Judge Jeanine show he praised the president for saving nearly $8 billion by cutting some regulations. Pruitt, the former …

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FOIA Lawsuits Grow Against Scott Pruitt’s EPA

Some observers of the Environmental Protection Agency suggest the takeover by former Oklahoma Attorney General Scott Pruitt, along with the Presidency of Donald Trump has led to an increase in open records lawsuits against the EPA. Politico’s Morning Energy Report  reported this week there’s been a surge in such lawsuits. “IF ALL ELSE FAILS, SUE: EPA …

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Key Energy Slowly Emerges From 2016 Bankruptcy

Oklahoma City-based Key Energy reported a fourth quarter 2017 pre-tax loss of $22.8 million or $1.11 a share. The company blamed the cost of adding crews and equipment in the quarter but also indicated consolidated revenues were up 5%. “We also had another consecutive quarter of double-digit revenue growth in our Coiled Tubing Services segment …

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Higher Income Announced by ONEOK

Tulsa-based ONEOK, Inc. announced higher fourth-quarter and full-year 2017 operating income and adjusted earnings this week compared to 2016. The company said its fourth quarter net income was $63 million or 16 cents per diluted share. And that includes one-time noncash charges of $141.3 million or 36 cents a diluted share because of the new …

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Oklahoma House to Consider Bill Mandating Performance Audits of State Turnpike Authority

The Oklahoma House of Representatives has been sent a bill mandating performance audits of the Oklahoma Turnpike Authority. Authored by Rep. Tess Teague (R-Choctaw), HB 2530 was passed out of the House Transportation Committee on Monday by a vote of 6 to 5. And it drew immediate praise from GOP Gubernatorial hopeful Gary Richardson.   …

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New Managers Named at Prairie Oil and Gas in Norman

Norman-based Prairie Oil & Gas recently hired three title managers: Jason Fry, Jonathan Holly and John Kim. As title managers, they will oversee the workflow, reporting and training of Prairie’s title land men. They will review title reports for quality, accuracy and efficiency and work closely with land men to improve and expand their skills. …

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Farm Groups Urge President to Maintain Renewable Fuel Standards

Some farm groups are at odds with President Trump in the fight over the Renewable Fuel Standard.  It was the subject of a meeting this week where EPA Administrator Scott Pruitt and Ag Secretary Sonny Perdue were on hand at the White House. Ron Hays with the Radio Oklahoma Network’s Oklahoma Farm Report indicated several …

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