June 7, 2019 archive

Rig counts show dramatic loss in Oklahoma over a year

Activity in Oklahoma’s oil and gas fields is down nearly 28 percent compared to a year ago according to figures released this week by Baker Hughes Co. Oklahoma’s current count of oil and gas rigs is 102, a decline of one in the past week but a drop of 40 compared to a year earlier. …

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Gulf Coast crude oil imports down to lowest level in 33 years

The amount of crude oil imported in March to the Gulf Coast refineries was the lowest level since 1986. The U.S. Energy Information Administration says it’s just another sign of increased U.S. oil production along with a drop in imports from Venezuela. The March 2019 crude oil imports averaged 1.8 million barrels a day, the …

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Oil and gas tax revenue for Oklahoma is up—thanks in part to tax hike

Despite the devastating floods of May in Oklahoma, the state Treasurer reports gross receipts were up showing that Oklahoma’s economy is still growing. Oil and gas revenue has grown too, thanks to a tax hike last year. May receipts totaled $1.1 billion which is 10.6 percent higher than a year ago according to Treasurer Randy …

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EPA’s Inspector General closes probe of Scott Pruitt

The Inspector General for the Environmental Protection Agency has formally closed its investigation into some of the allegations against former EPA Administrator Scott Pruitt. It issued no findings against Pruitt. The specific probe in question focused on allegations that Pruitt, the former Oklahoma Attorney General, misused his federal position for personal gain. The claims alleged …

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Appeals Court rules Keystone Pipeline construction can begin

A Federal Appeals court in San Francisco handed President Trump a victory in the fight to allow construction of the Keystone XL pipeline that would carry oil out of Canada and eventually to Oklahoma and Texas. The 9th Circuit Court of Appeals dismissed the lawsuit that had held up construction, stating that the suit was …

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Partnership announced by Koch subsidiary

Wichita-based Koch Engineered Solutions, a unit of Koch Industries is partnering with another firm to offer technical and service solutions for industrial value chains. The partnership is with EFT Analytics which is based in Kansas and one of its first customers will be John Zink Hamworth Combustion located in Tulsa. John Zink Hamowrth Combustion is …

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Helmerich and Payne expands board of directors

Tulsa’s Helmerich and Payne has announced the appointment of a new member to its board of directors. Mary M. VanDeWeghe joined the board on June 5 as the company expanded the number of directors to 11 members. VanDeWeghe is currently the Chief Executive Officer and President of Forte Consulting Inc., a financial and management consulting …

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Mammoth Energy defends contracts to restore power to Puerto Rico and welcomes federal investigations

Oklahoma City based Mammoth Energy Services and its subsidiary Cobra are standing by their contracts to restore power to hurricane-damaged Puerto Rico even as they are now under investigation by two federal agencies. The Federal Bureau of Investigation and the Department of Homeland Security’s Inspector General are reported to be looking into the work of …

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Directors chosen at Devon Energy’s annual stockholders meeting

  Shareholders in Oklahoma City’s Devon Energy have elected eleven directors nominated by the company at its recent annual meeting. Two are new to the board. The elected directors are: Barbara M. Baumann, John E. Bethancourt, Ann G. Fox, David A. Hager, Robert H. Henry, Michael M. Kanovsky, John Krenicki Jr., Robert A. Mosbacher Jr., …

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Williams to try again on getting New Jersey approval for gas pipeline

    Tulsa’s Williams Cos. says it will answer the environmental concerns raised by New Jersey regulators who rejected the company’s plans for its $1 billion Northeast Supply Enhancement project to carry natural gas to New York City. The New Jersey Department of Environmental Protection denied the firm’s application on Wednesday for water quality certification. …

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