April 2020 archive

Cattle growers sue over new water rules

  The New Mexico Cattle Growers’ Association, a conservative property rights group, filed a legal challenge to the Trump administration’s newly finalized Navigable Waters Protection Rule, arguing it defines federal power too broadly even though it significantly limits the reach of the Clean Water Act. The lawsuit was brought by the Pacific Legal Foundation, which …

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Energy news in brief

** Chaparral Energy, Inc. (NYSE: CHAP) announced it will issue its first quarter 2020 financial and operational results with the filing of its Form 10-Q report on Monday, May 11. The company will also host a conference call to discuss its results on Tuesday, May 12 at 9 a.m. Central. ** Several candidates running to serve on …

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Large commercial solar project goes online in SW Kansas

  A $37 million solar project has gone online in far southwest Kansas providing electrical power for Sunflower Electric Power Corp. Located on more than 140 acres south of the town of Johnson City in Stanton County, the Johnson Corner Solar project was financed and constructed by Lightsource BP.     Lightsource BP, a company …

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NOV reports losses but finds revenue in helping wind industry

Buried deep in this week’s financial earnings report for the first quarter 2020 by National Oilwell Varco, a Houston firm that operates in Oklahoma, is a note how the oil and gas firm is helping the wind industry. Close to the bottom of its quarterly report, NOV explained it recently was awarded contracts from a …

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Pandemic and warmer weather lead to lower ONEGAS 1Q revenue

ONE Gas, Inc. reported a drop in its first quarter 2020 net income which totaled nearly $92 million compared to about $94 million a year ago, some blamed on warmer weather and some blamed on the coronavirus pandemic. The Tulsa company said the first quarter 2020 net income translated to $1.72 per share, down four …

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Senator Inhofe urges Commerce leader to adopt oil import tariffs

Senator Jim Inhofe had a personal phone call this week with the Commerce Secretary in which he encouraged the adoption of tariffs to oil imports from Saudi Arabia and Russia. The Senator spoke Monday with Secretary Wilbur Ross and the two discussed 232 national security tariffs including those on oil imports which have added to …

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ONEOK to hold ‘virtual’ annual meeting

ONEOK announced this week that it’s upcoming annual on May 20 will be a virtual meeting because of the COVID-19 pandemic. In order to protect the health and well-being of shareholders, employees, directors and the public, the company decided its annual meeting of shareholders would be a virtual meeting only. No in person gathering. The …

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EOG finds site with production of 3,200 barrels of oil a day

Oklahoma’s SCOOP is the site of a single pad with four wells producing a combined total of nearly 3,200 barrels of oil a day. The EOG Resources Inc. operation is in Grady County in the community of Bridge Creek where the Livingston 0112 wells had August 2019 spud dates at 12 9N 5W. One had …

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Enterprise to lay off 329 workers in Oklahoma

  When no one is traveling because of the coronavirus pandemic, car rental companies suffer. And as a result, Enterprise-Rent-a-Car in Tulsa is laying off 329 employees. A mass layoff. Two of the firm’s companies in Tulsa, EAN Services and Enterprise Holdings issued WARN notices this week with the Oklahoma Office of Workforce Development indicating …

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A parking lot of stored jetliners

  The impact of the coronavirus has left airports empty including Oklahoma City’s Will Rogers and the Tulsa International Airport where major airplanes operate. Or they did until air travel plummeted faster than a nose-diving airliner. The daily roar of airliners departing Will Rogers is gone for now as is the approach of airliners over …

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