While a Texas federal appeals court has ruled against the Environmental Protection Agency in a fight over WOTUS, a Tulsa federal judge has ruled against Oklahoma’s bid for an injunction against the expansion of powers. The ruling by Tulsa U.S. District Judge Claire V. Eagan against Oklahoma came in a challenge filed by the state …
June 3, 2019 archive
Small quakes shake several regions of Oklahoma
Minor earthquakes continue to cause shaking throughout Oklahoma with one of the latest to be recorded Monday near Tuttle. It was a 2.2 magnitude quake with a depth of about 3.5 miles, according to the U.S. Geological Survey. The quake’s epicenter was about 4 miles southeast of Tuttle and reported around 7:46 in the morning. …
Murphy Oil closes on $1.2 billion Gulf of Mexico acquisition
Arkansas-based Murphy Oil Corporation has closed on its $1.227 billion acquisition of strategic deep water Gulf of Mexico holdings. The company made the purchase from LLOG Exploration Offshore, L.L.C. and LLOG Bluewater Holdings, L.L.C. in a deal announced in April. Murphy’s wholly-owned subsidiary, Murphy Exploration and Production Company was the buyer. The acquired assets will …
Cheniere Energy announces aggressive reinvestment plans
As Cheniere Energy moves ahead with construction of a pipeline carrying natural gas out of Oklahoma’s STACK and SCOOP plays, the Houston company announced Monday plans for a framework that prioritizes reinvestment of cash flows to grow the company’s LNG platform. The plan was approved by the Board of Directors and the company expects to …
Technology leads to jump in Oklahoma oil production
Oil and natural gas operators in Oklahoma have led the way for soaring U.S. production levels by pioneering the technologies used in developing unconventional resources, a new report shows. The report, conducted by IHS Markit and commissioned by the Independent Petroleum Association of America (IPAA), concludes that in Oklahoma alone, producers saw oil production grow …
East Coast gaslines to lead way for more opportunities for Williams Companies
It’s not by accident that Tulsa-based Williams Companies, Inc. handles 30 percent of the natural gas business in the United States. Company President and CEO Alan Armstrong suggested at the Bernstein 35th annual Strategic Decisions Conference call, the company would like to see more growth. “The one thing you will notice about Williams as an …
Tariff threat against Mexico could lead to higher prices for Oklahomans
If and when President Trump carries out his threat to increase tariffs on goods imported from Mexico, it’s likely every consumer in Oklahoma and across the nation will feel the impact. Dr. Steven C. Agee, Dean and Professor of Economics at the Meinders School of Business at Oklahoma City University is among those who makes …
Permian Basin pipeline operation extends open season
As one of the pipeline companies serving the Permian Basin in West Texas and New Mexico, Oryx Delaware Oil Transport LLC is extending its binding open season. It is attempting to secure volume commitments on two new crude oil transportation movements on its regional crude oil transportation system serving the Delaware Basin in the two …
Who to believe about Oklahoma bridges and their safety
The Coalition Against Bigger Trucks says one thing about the condition of bridges in Oklahoma. Governor Kevin Stitt and the Oklahoma Department of Transportation say another. In a recent release, the CABT stated that Oklahoma is home to the nation’s third-highest percentage of bridges in poor condition. And it cited data published by the Federal …