May 23, 2018 archive

Regulators Direct Shutdown of some Disposal Wells Believed Causing Quakes near Crescent

After  a swarm of earthquakes around the Logan County town of Crescent, the Oklahoma Corporation Commission has issued another directive against wastewater disposal wells. Several of the quakes measured magnitude 4.0 or greater. The Commission on Wednesday issued the directive ordering some of the well operators to cease operations or make further reductions in the …

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OKC Gives Early Nod to $1 million Incentive to Amazon for Center Construction

By a 5-2 vote this week, the Oklahoma City Council approved a move to negotiate $1 million in incentives to online retailer Amazon for construction of a new warehouse and shipping terminal at the Will Rogers World Airport. The $1 million will be public payments for 53 managerial jobs at the new warehouse and the …

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OWRB approves over $27.9 million for water & wastewater improvements at May board meeting

  Nearly $28 million in State Water Resources Board grants for water and wastewater improvements have been awarded to the cities of Edmond, Jay and Sapulpa. The board took the action at a recent meeting authorizing the largest grant of $19 million to the Edmond Public Works Authority to improve the city’s water infrastructure. The …

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$34 million in US Energy Department Grants and None in Oklahoma

Of $34 million in U.S. Energy Department grants announced this week, no Oklahoma research firms received any money. At least 219 grants to 183 small businesses in 41 states were announced by Energy Secretary Rick Perry. Several went to Texas companies and some to research firms in Colorado. One in Kansas, Powers and Zahr located …

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WPX Tender Offer Draws Far More Interest Than Planned

Tulsa’s WPX Energy says it’s received nearly $589 million in tenders as part of the company’s recent $400 million cash tender offer for some of its outstanding Senior notes. Information from Global Bondholder Services corporation, the Depositary and Information Agent for the Tenders Offers as of May 22, 2018 showed $548.6 million of the 6% …

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Norman Becomes First Oklahoma City to Work to Become 100 Percent Renewable Energy

The city of Norman moved this week to become one relying on 100 percent clean and renewable energy. The City Council voted unanimously to adopt the resolution which declared Norman will transition to use 100 percent clean energy like wind and solar for electricity by 2035. It also intends to be 100 percent reliable across …

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Wind Leader Calls Recent Legislative Session a “Learning Experience” for Legislators

Oklahoma Wind Coalition Director Mark Yates says despite some rough times in this year’s legislative session as legislators targeted the wind industry with more negative efforts, all in all, the session turned out fine for wind farm operators. It’s what he told Ron Hays at the Oklahoma Farm  Report, explaining it was “a good learning experience …

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Xcel Energy Says Carbon Reduction Goals Are on Track

Minneapolis-based Xcel Energy, the company with wind farm operations in numerous Mid-west states and transmission lines in Oklahoma claims it is a step closer to achieving its carbon-reduction goals. The company announced this week it cut carbon emissions 35 percent and is on track to reach or exceed its goal of reducing carbon emissions 60 …

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Noble Midstream Updates Success in Permian Basin and in Northern Colorado

Houston’s Noble Midstream Partners LP reports its wells in the Delaware section of the Permian Basin in West Texas are bringing in 115 thousand barrels of oil equivalent a day. Plus the company is expanding operations in northern Colorado. The Permian’s production includes 90,000 barrels of oil a day and 150 million cubic feet of …

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Group Fighting 30-year old Corporation Commission Bribed Vote Not Giving Up

Just because the U.S. Supreme court decided this week against hearing the 30-year old bribed Oklahoma Corporation Commission rate case doesn’t mean Oklahomans Against Bribery is giving up. The handful of consumers who took their case to the Corporation Commission and the State Supreme Court and lost, vow to continue what they called “their pursuit …

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