May 7, 2018 archive

SandRidge Energy Makes Offer to End Conflict with Carl Icahn

Oklahoma City-based SandRidge Energy on Monday took a step toward appeasing activist investor Carl Icahn, but not totally caving in to his demands for replacement of the entire board of directors. Instead, the company announced it will  expand the board to seven members. And it endorsed two of the directors nominated by Icahn who had …

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Oklahoma Church Loses FOIA Fight in Battle Over Superfund Site

A Bristow church has lost a Freedom of Information Fight as it pushes ahead with a lawsuit after being forced to relocate because the church was sitting on an EPA Superfund site. In its lawsuit against BP, Marathon Oil corporation, Marathon Petroleum Corporation and Kinder Morgan, Inc. leaders of the Bristow First Assembly of God …

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Wind Leader Repeats Denial of Tracking Anti-Wind Legislator in Oklahoma

As head of the Wind Coalition,Jeffrey Clark makes it clear as possible again that he and his organization had nothing to do with the GPS tracking of anti-wind legislator Rep. Mark McBride of Moore. Nor did it hire a Texas political consultant to trail McBride. It was Clark’s response to reports that McBride maintains the …

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Oklahoma Has Cheapest Gasoline in the Region Unless You’re in Dewey County

With gasoline demand flat for a second week, prices in Oklahoma remained steady for the most as this week’s average of $2.52 per gallon was the same as one week ago. AAA Oklahoma reports it compares to the national average of $2.81, same as last week.  Diesel fuel prices in Oklahoma stayed at an average …

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Heartland to Bullet Train Under Development

Riders of Oklahoma’s Heartland Flyer could eventually hook up to a high-speed Texas Bullet Train according to an announced partnership between the bullet train’s developers and the Washington D.C. based Amtrak rail line. Amtrak hasn’t operated service between Dallas and Houston since 1995, but once it is restored, riders of the Heartland Flyer will be …

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Dallas Company Expands Natural Gas Pipeline in Western Oklahoma

Growing commitments have led to an expansion of Cardinal Midstream III LLC’s Iron Horse pipeline system in western Oklahoma. The Dallas-based company said it is expanding the 100-mile system to 150 miles following a pledge from Camino Natural Resource LLC in Oklahoma City. Camino pledged more than 100,000 acres of its production to the Iron …

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Phillips 66 Gets Commitments to begin Construction of West Texas Crude Pipeline

Phillips 66 Partners has enough commitments to move ahead with construction of its Gray Oak Pipeline to carry crude directly out of West Texas to coastal refineries. It could be seen as another move that might affect the status of Oklahoma’s Cushing hub as more and more companies are building pipelines to carry out directly …

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Companies Form Joint Venture to Reopen Gas Line

  Two major energy companies have joined forces to resume service on another pipeline to carry product directly out of the Permian basin to the coastal refineries. Enterprise Products Partners L.P. of Houston and Energy Transfer Partners, L.P. of Dallas formed a 50/50 venture to resume service of the Old Oceannatural gas pipeline that has …

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Michigan Oil Spill Estimated to Cause $6 billion in damage

An environmental study claims the damage from an oil spill at Michigan’s Straits of Mackinac could result in a $6 billion impact on the state’s economy. The study was carried out by FLOW, a science, law and policy center in Traverse City, Michigan and focused on the Line 5 spill that happened in April when …

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Dividend Declared by ConocoPhillips

ConocoPhillips, the company with a large operation in Bartlesville has announced a quarterly dividend of 28.5 cents a share. The company said it will be payable June 1 to stockholders of record at the close of business May 14, 2018. Now headquartered in Houston, ConocoPhillips not only has a refinery operation in Ponca City but …

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