Oil prices both in the U.S. and in London were up slightly in Thursday’s trading. West Texas Intermediate crude rose 23-cents to settle at $61.19 a barrel on April contracts on the New York Mercantile Exchange. The 23-cent increase represented a hike of 0.38%. Brent crude in London’s ICE futures also rose 23 cents and …
March 2018 archive
New Board Member Named at WPX Energy in Tulsa
Tulsa-based WPX Energy announced Thursday that Valerie M. Williams has been elected to the company’s board of directors effectively immediately. Williams has more than 35 years of audit and public accounting experience with Ernst & Young, LLP, most recently as the SouthwestRegion Assurance Managing Partner where she had responsibility for a $500 million audit practice encompassing nine states, 14 …
Court Ruling Shakes Up Workers Comp Law
Four and a half years after an oil-field worker was hurt on a rig near El Reno and filed suit, his lawsuit has led to a State Supreme Court ruling that declared part of Oklahoma’s workers’ compensation law to be unconstitutional. In an 8-0 decision, the high court said injured workers can sue well operators. …
Water Appreciation Day Set for March 20
The thirteenth annual Oklahoma Water Appreciation Day is scheduled for Tuesday, March 20th in the 4th floor rotunda of the Oklahoma State Capitol from 9 a.m. to 3 p.m. The OWRB-hosted event will feature water-related agency and organization booths and displays. Water Appreciation Day presents a unique opportunity for water-focused groups to demonstrate the …
Anti-Fracking Report Says Millions Are at Risk
Oklahoma’s oil and gas industry is skeptical of another anti-fracking report, one Rolling Stone magazine calls “the most authoritative study of its kind” that reveals how fracking is imperiling the health of millions of Americans. The 266-page report was released by critics of fracking who call themselves Concerned Health Professionals of New York and the …
Magellan Midstream Considers Expansion of Texas Operations
Tulsa’s Magellan Midstream Partners is reaching out to potential customers for a possible expansion of the company’s western leg of its pipeline system in Texas. The company recently launched an open season to assess customer interest. Those who might become customers of such a proposed expanded pipeline have until May 9 to make binding commitments. …
The Goal of Creating More Jobs in Oklahoma
In the February edition of the Oklahoma Economic Report, State Treasurer Ken Miller is praising Gov. Mary Fallin for her efforts to create more jobs in Oklahoma. “Governor Mary Fallin has taken an active role in luring businesses to bring quality jobs to Oklahoma,” he wrote. “Data from the Oklahoma Employment Security Commission show that between January 2017 and January 2018 Oklahoma 25,000 jobs. Gov. Fallin …
Pruitt Promises More Transparency at EPA
More transparency. It’s what Scott Pruitt is promising as head of the EPA, according to a report by Radio Oklahoma Network’s Oklahoma Farm Report. EPA Administrator Scott Pruitt addressed over 300 members of the Iowa, Missouri, Ohio, and Alabama Farm Bureaus Wednesday, pledging his commitment to “providing America’s farmers with the transparency and regulatory certainty they …
Houston to Get Ethane Shipping Port
The Houston area shipping docks are about to get another export terminal thanks to an agreement announced between Energy Transfer Partners, L.P. and Satellite Petrochemical USA Corp. The two have entered into definitive agreements to form a joint venture called Orbit Gulf Coast NGL Exports LLC. The purpose is to construction a new export terminal …
Pruitt and Others Told—-Optics Matter When it Comes to Spending
Former Oklahoma Attorney General Scott Pruitt’s had a sit-down with White House officials about his spending as head of the U.S. Environmental Protection Agency. He and several others whose spending habits got the attention of the Trump administration not to mention critics.According to Vanity Fair, the White House has reportedly grown weary of hearing …