June 2018 archive

New Mexico cries ‘foul’ over water fight with Texas and the Permian Basin

Something of a water war could be developing between New Mexico and Texas in a dispute that’s led one New Mexico politician to be pretty blunt in his claims. And it largely has to do with oil and gas drilling in the Permian Basin. “Texas is stealing New Mexico’s water,” said New Mexico State Land …

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Is NASA’s Bridenstine softening his stance on climate change?

As the new Administrator at NASA, former Oklahoma Congressman Jim Bridenstine is offering some hope for those wondering whether climate science at NASA was on its way out. As the publication Science reports, Bridenstine suggests a change is coming and perhaps climate science missions might not be eliminated by the Trump administration. Bridenstine met with …

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NW Oklahoma to get another frac sand mine

Oklahoma is getting yet another frac sand plant.  Alpine Silica announced this week it intends to start construction on a plant near the small community of Fay located along State highway 33 in southeastern Dewey County. The company said it has secured nearly 51 million tons of reserves for the Oklahoma initiative. It estimates the …

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Bakken company prepares for refinery construction in North Dakota

As Meridian Energy Group moves ahead with construction of one of the first greenfield fuels refineries in the U.S. in four decades, it’s announced the signing of a major contract for housing in North Dakota’s Bakken play. The company announced this week the signing of a letter of intent with Target Lodging of The Woodlands, …

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Devon Energy’s board of directors gets new member

A new member was elected to Devon Energy’s board of directors. Shareholders chose John Krenicki Jr. to the board during the company’s annual meeting this week. The shareholders also re-elected existing board members to one-year terms.  With Krenicki’s election, the board was expanded to 10 members of which eight are independent directors. Krenicki is a …

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Nearly 2,100 oil and gas rigs reported worldwide

  The latest figures show a drop in international rig activity, according to a report from Baker Hughes. The count for May 2018 was 967, a drop of 11 from the 978 reported in April.  But it is up 10 from the 957 reported in May of 2017. The international offshore rig count increased by …

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Pruitt’s Still supported by President Trump

While the ethics issues mount up for EPA Chief Scott Pruitt, they apparently aren’t worrying his boss, President Donald Trump. For the President praised Pruitt this week for the job he’s doing. “EPA is doing really, really well,” said the President at the headquarters of the Federal Emergency Management Agency. Pruitt was on hand when …

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Inhofe and Others Move to Curtail Government Overreach in Water Permits

Oklahoma U.S. Sen. Jim Inhofe joined three other Senators this week in introducing a bill to make clear the amount of time the EPA can prohibit the issuance or terminate existing dredge-and-fill permits. It’s an effort to promote more energy production including coal mining as well as oil and gas operations and to end government …

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SandRidge Energy Applauds Recommendation of Proxy Advisory Firm in Fight with Icahn

What’s the latest in the SandRidge Energy fight with activist investor Carl Icahn?  The Oklahoma City-based company announced Wednesday that Institutional Shareholder Services Inc., an independent proxy advisory firm is recommending that SandRidge shareholders vote “for” the slate of officers recommended by the company and not those preferred by Icahn. The White SandRidge Universal proxy …

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State Reaches Settlement in Another Lawsuit Against VW in Emissions Cheating Scandal

Oklahoma Attorney General Mike Hunter’s announced an $8.5 million settlement with Volkswagen and other auto makers from the state’s lawsuit accusing them of false and deceptive advertising. The suit against VW was filed after the car maker cheated on emissions software in diesel cars. The scandal allowed VW to meet U.S. standards while in reality, …

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