August 21, 2018 archive

Sen. Inhofe says Trump administration is doing right thing with Clean Power Plan

The White House announcement that it will be rolling back the Clean Power Plan of the Obama administration brought a round of applause from Oklahoma U.S. Sen. Jim Inhofe. “I applaud President Trump and Acting Administrator Wheeler for delivering on their promise to repeal President Obama’s illegal clean power plan,” said the Senator in a …

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Trump administration makes it official…..rolling back Obama’s Clean Power Plan

The rolling back of some regulations against coal plants in Oklahoma and the rest of the nation was formally announced Tuesday by the Trump administration. The steps are considered to be the most significant weakening of the restrictive environmental rules created under the administration of President Barack Obama. The Environmental Protection Agency’s new Affordable Clean …

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TransCanada moves to condemn South Dakota farmland for Keystone XL pipeline

TransCanada has started legal moves to begin condemning private land in South Dakota in preparation for its Keystone XL oil pipeline. Eminent domain petitions were filed in state court against land in Harding County that is owned by two families, according to the Rapid City Journal. And one of them intends to put up a fight. …

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Changes made at Texas Commission on Environmental Quality

A woman with knowledge about Oklahoma’s environmental problems and challenges has been named a commissioner on the Texas Commission Environmental Quality. Gov. Greg Abbott named Emily Lindley to the commission replacing Toby Baker who announced his resignation to become the agency’s executive director. Lindley had previously served as chief of staff for the Region 6 …

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Gasoline prices continue to fall in Oklahoma

With the end of summer approaching, gasoline prices are falling in Oklahoma and across the country. The state’s new average this week is $2.59, down from the $2.62 a gallon reported last week by AAA Oklahoma. The national gas price average is $2.84, a drop of three cents from the beginning of the week. The …

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Chesapeake’s new board member acquires 21,000 shares

For joining the Board of Directors at Chesapeake Energy Corporation this week, Mark A. Edmunds picked up nearly 22,000 shares in stock from the Oklahoma City company. He will also be paid an annual retainer of $100,000, according to an amended filing made Tuesday by Chesapeake Energy with the Securities Exchange Commission. Chesapeake announced his …

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ConocoPhillips reaches settlement to recover $2 billion from Venezuelan state owned oil company

ConocoPhillips announced that it has entered into a settlement agreement with Petróleos de Venezuela, S.A. (PDVSA), the Venezuelan state-owned oil company, to recover approximately $2 billion, the full amount awarded to ConocoPhillips by an arbitral tribunal constituted under the rules of the International Chamber of Commerce (ICC), plus interest through the payment period. PDVSA has …

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Pipeline company’s co-founder sets retirement date

Plains All American Pipeline, L.P. and Plans GP Holdings, firms with pipelines all over Oklahoma and the U.S. announced October 1st will be the effective retirement date for company co-founder Greg Armstrong. The retirement was announced last fall but not until this week did the Board of Directors and Armstrong, Chairman and CEO set the …

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Executive changes made at Murphy Oil

Executive changes have been announced by Murphy Oil Corporation based in El Dorado, Arkansas. The company said the moves are effective Sept. 1, 2018. Eric M. Hambly, currently Senior Vice President, U.S. Onshore, of the company’s wholly owned subsidiary, Murphy Exploration & Production Company (“EXPRO”), has been elected Executive Vice President, Onshore of Murphy Oil Corporation …

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PrimeEnergy reports 2Q loss

Houston’s PrimeEnergy Corporation, a firm that focuses its energy efforts primarily in Oklahoma, Texas and West Virginia announced second quarter financial results this week, showing an increase in revenues but a loss of $560,000. The loss compared to a profit a year earlier. On a per-share basis, the company said the loss was 27 cents. …

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