January 17, 2020 archive

Plans are dumped for more than $2 billion coal plant in SW Kansas

Plans by two power companies to build a $2.2 billion coal-fired power plant in southwest Kansas have gone up in smoke. No plant will be built. Sunflower Electric Power Corp. based in Hays announced it will allow its air permit for a proposed plant in Holcomb to expire in March. The project was first blocked …

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Chesapeake declares dividends on outstanding stock

  Chesapeake Energy Corporation on Friday announced that its Board of Directors has declared dividends on its outstanding convertible preferred stock issues. Click here to view the release and the different dividends. Chesapeake will release its 2019 fourth quarter and full year operational and financial results before market open on Wednesday, February 26, 2020. A conference …

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Cleanup plan revealed at abandoned Kerr McGee refinery in Cushing

The Oklahoma Department of Environmental Quality plans to reveal a plan at a public hearing this month on cleaning up contaminated ground water at the former Kerr-McGee refinery site in Cushing. A public hearing will be held Jan. 23, 2020 at 6 p.m. in the Cushing City Hall. Greenfield Environmental Multistate Trust LLC is the …

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New Mexico sues Air Force over pollution at Cannon AFB

The New Mexico Environment Department has assessed the U.S. Air Force a nearly $1.7 million fine for not complying with rules aimed at protecting groundwater. The agency claims Cannon Air Force Base has released wastewater despite not having a permit since March 2019. State officials are concerned because the base near Clovis is among dozens of military …

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New executive VP named at OKC’s LSB Industries

Former Koch Industries executive John Burns has been named Executive Vice President-Manufacturing at Oklahoma City’s LSB Industries, Inc. The appointment will be effective Feb. 3,2020 as Burns takes over for John Diesch who is retiring after holding the role since August 2016 and spending more than 30 years in the industry. “We would like to …

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No Grady county letup for Continental Resources

Oklahoma City’s Continental Resources Inc. has completed two sister wells in Grady County with combined production of more than 1,500 barrels of crude a day. The two wells are located in the SCOOP at 31 7N 6W or about 3 miles east of Chickasha. The largest was the Kathryn 2-3-6XHS with production of 1,169 barrels …

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Politics leads to split vote over PFAS chemicals

Oklahoma’s delegation in the U.S. House stands divided when it comes to the issue of dealing with PFAS, those chemicals found at military bases where fire-fighting foam is often used. Democrat Rep. Kendra Horn stood with her party in voting for the PFAS Action Act while Oklahoma’s Republican Representatives were against it. Alex Cameron of …

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Corterra’s projected big gas play leads to sale two years later

Two years after Tulsa-based Corterra Energy declared “All signs point to GAS” and stated that Oklahoma’s Arkoma basin and Hughes county were a “hotbed of activity,” the company is trying to sell part or all of its operations in the very region. Corterra has put up for sale its oil and natural gas/liquids producing properties …

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Oklahoma Senators say USMCA is good for the state

Oklahoma U.S. Sen. James Lankford thinks the new North American trade agreement approved by the Senate on Thursday is a winner. So does Sen. Jim Inhofe. Lankford was one of the 89 Senators who voted for the measure while 10 others cast their votes against the trade deal now called the USMCA. “Oklahoma agriculture, manufacturing …

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