September 2018 archive

Devon declares quarterly dividend

An 8-cent-a-share dividend was declared this week by Oklahoma City’s Devon Energy Corp. The quarterly dividend is on Devon’s common stock for the fourth quarter of 2018. It will be payable on Dec. 28, 2018 at a rate of $0.08 per share based on a record date of Dec. 14, 2018.  

NASA’s Bridenstine vows to make return to moon ‘permanent’

Former Oklahoma congressman Jim Bridenstine, now the Administrator of NASA says when the U.S. returns to the moon, it’ll be to stay.  Permanently. It’s what he said this week in an interview with Tulsa radio station, Talk Radio 1170 KFAQ. Bridenstine discussed the future of NASA, including going back to the moon and possibly even …

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Environmental concerns over growing poultry operations prompt Governor and tribe into action

  The expansion of poultry operations in northeast Oklahoma has the attention of the governor’s office. Gov. Mary Fallin joined Cherokee Nation Principal Chief Bill John Baker this week in announcing the state and tribe are forming a coordinating council to evaluate the growth that has sparked concerns among area residents. Some have held community …

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EPA releases Scott Pruitt’s denial of receiving perks while head of the agency

Former EPA administrator Scott Pruitt says he never received any special gifts or perks while he was in office.  It’s what the Environmental Protection Agency says as it released the former Oklahoma Attorney General’s 2017 financial disclosure report. But the Associated Press reported there were some claimed perks that Pruitt did not claim in his …

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Chesapeake gets more operating credit than it wanted

Chesapeake Energy Corporation  announced it has amended and restated its senior secured revolving credit facility agreement. The amended and restated facility received initial commitments from 15 institutions totaling $3.8 billion, which exceeded the $3.0 billion borrowing base the company was seeking. The initial borrowing base does not include any properties being sold in the company’s $2.0 billion Utica Shale transaction …

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Critical of fossil fuels, Democrats still take money from coal, oil and gas companies

An investigation by E and E News found that many Democratic leaders and lawmakers who are critical of oil and gas and recently signed a pledge to refuse donations from fossil fuel companies—have their own money invested in coal, oil and natural gas companies. It’s what E and E News found in reviewing the pledges …

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Aging wind turbines starting to require more maintenance and costs

A new study by one firm indicates the wind industry in Oklahoma and other states in the U.S. will soon start spending more on operations and maintenance than on installation of new wind turbines. That’s because the turbines are aging and the turning point will be in three years, according to a study by IHS …

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Energy Transfer deals with fiery explosion of week-old gas pipeline

The Texas- based Energy Transfer Partners company is probing the fiery explosion of one of its natural gas lines that had barely been in operation for a week in Pennsylvania. The 24-inch, 100-mile Revolution line exploded early Monday morning in Beaver County, Pennsylvania and sent flames an estimated 150 to 200 feet into the air.  …

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Pipeline operator prepares for massive hurricane to hit

Sea ports and at least one pipeline company started shutdown efforts on Tuesday in preparation for the arrival of Hurricane Florence, one of the strongest storms to hit the East Coast in decades. Mountain Valley Pipeline began closing operations of its 303 mile natural gas pipeline that runs through Virginia. The company explained it was …

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Former munitions plant added to EPA’s Superfund program

The U.S. Environmental Protection Agency announced its commitment to clean up the Delfasco Forge Site in Grand Prairie, TX, by adding the hazardous waste site to the Superfund Program’s National Priorities List . This addition, among others nationwide, represents commitments from the Agency to advance cleanup to protect communities across the country. “In adding these …

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