Author's posts
Halliburton Posts $6 million Profit in 3rd Quarter….Step in the Right Direction says CEO Lesar
Halliburton’s reporting what some call an “unexpected profit” in its third quarter results, this after the company was relieved of charges over its failed merger with Baker Hughes Inc. The company posted a profit of $6 million for the September quarter, or a penny a share. That compares with a loss of $54 million a …
Kansas Corporation Commission Threatens to Halt $12 billion Merger of Great Plains Energy with Westar Energy
The Kansas Corporation Commission has warned it might be inclined to stop the merger of Great Plains Energy Inc. and Westar Energy Inc. unless more details are provided. The warning came in a Tuesday meeting of the KCC as it explored the $12.2 billion sale of Topeka-based Westar Energy to Great Plains Energy, according to the …
Williams, Crestwood Equity and Chesapeake Announce New Restructured Powder River Basin Deal
A restructuring of an agreement between Williams Partners and Crestwood Equity Partners with Chesapeake Energy has been announced on the natural gas gathering and processing services in the Powder River Basin in Wyoming. Williams Partners L.P. of Tulsa and Crestwood Equity Partners L.P. of Houston, Texas are 50/50 joint venture partners in the Bucking Horse natural …
Williams Accused of Fostering Poor Safety Culture Before Deadly Petrochemical Plant Explosion in Louisiana
A damning report on the 2013 deadly explosion at a Williams Company Olefins plant in Louisiana has been issued by the U.S. Chemical Safety Board, a report that said a poor “safety culture” led to the blast that killed two workers in Geismar, Louisiana. “The report concludes that process safety management program deficiencies at the Williams …
Devon Leader Says Energy Technology is Just in Early Innings
To hear Devon Energy’s Dave Hager put it, the oil and gas industry is just in the early stages of its technological developments that get the credit for the nation’s massive oil and gas renaissance. “We are just in the early innings on this type technology,” Hager told those attending a Society of Exploration Geophysicists …
Anti-Smart Meter Rally Scheduled for Friday in Tulsa
Those opponents of the smart meters installed by PSO in Tulsa are planning another rally against the efforts of the utility. Members of Tulsa 9.12 will hold a “Keep Our Analog Meter” rally Friday afternoon in front of the PSO headquarters at 212 E. 6th street in Tulsa. In announcing the rally time and date, …
A Little Humor About Earthquakes in Oklahoma and Kansas
Sometimes you have to have a sense of humor when it comes to the growth of earthquakes in Oklahoma and southern Kansas, those reportedly caused by the thousands of wastewater injection wells in the two states. Take for instance how the Hutchinson News in Kansas reports earthquakes—-a shaking webpage. Easy for them to do, since …
Chesapeake to Hold Analyst Day on Thursday
Chesapeake Energy is planning to hold its 2016 Analyst Day on Thursday, the first in two years. The event will bwe held at the company’s corporate headquarters and a live audio webcast will start at 9 a.m. CDT. It can be accessed by visiting the “Investors” section of the Chesapeake website at www.chk.com. Chesapeake will …
Samson Gets Green Light to Sell Assets in its Bankruptcy
A judge has signed off on allowing Tulsa-based Samson Resources to sell some of its assets to raise about $660 million as it works its way through Chapter 11 bankruptcy in Delaware. Judge Christopher Sontchi with the U.S. Bankruptcy Court for the District of Delaware made the approval this week, according to the Tulsa World. …
Union Pacific Sued Over 1995 Chemical Spill in Kingfisher County
Twenty-one years after a Union Pacific train derailment spilled 3,300 gallons of carbon tetrachloride in Kingfisher County, several landowners have sued the railroad company claiming the site still contains an underground plume of the chemical. The lawsuit, filed in Kingfisher County was transferred to Oklahoma City federal court, according to a report in the Journal …