Author's posts
Staff Changes at Halliburton
Halliburton has renamed Mark McCollum as the Houston company’s Executive Vice President and Chief Financial Officer. The announcement says the appointment will be effective immediately. McCollum will continue reporting to Dave Lesar, Chairman and Chief Executive Office at the company and will also remain a member of the company’s Executive Committee. Christian Garcia, who …
Feds Adopt New Royalty Rules on Oil, Gas and Coal Leases
New rules have been published by the U.S. Department of Interior updating the lease royalties for minerals on federal and Native American lands and how they are calculated. The government claims it is a change that will make sure taxpayers get all the revenue they deserve. The new rules will apply to any Native American …
North Dakota Wins Coal Related Lawsuit Against Minnesota
Now that the Eighth Circuit Court of Appeals has ruled against Minnesota’s restrictions on out-of-state coal-fired plants, the state of North Dakota wants Minnesota to pay its $300,000 legal tab run up in fighting the rules. The Eighth Circuit recently ruled in favor of North Dakota in its legal fight against Minnesota’s Next Generation Energy …
GRDA Fire at Chouteau Leaves Generating Plant Damaged
Might be a year before a fire-damaged turbine at the Grand River Dam Authority’s coal-fired electric-generating plant at Chouteau is replaced. Authorities are still assessing damage from the Friday night fire that occurred when lightning struck and knocked a pump offline. The resulting shutdown caused a turbine to continue running and overheating, resulting in the …
Oklahoma and US Rig Counts Grew in Past Week
Both Oklahoma and the U.S. start the July 4th week with a pickup in oil rigs. Oklahoma added four in the past week to reach a working total of 58 while the U.S. count picked up 10 rigs to reach a total of 431, according to the latest figures provided by Baker Hughes Company of …
Louisiana Fraud Lawsuit Names Oklahoma Oilfield Executive
A Louisiana lawsuit accusing two former executives of setting up sham companies to allegedly rob Superior Energy Services subsidiary Stabil Drill Specialites of tens of millions of dollars includes a Yukon oilfield executive. The suit filed recently in Lafayette, Louisiana names longtime Stabil Drill executives Martin A,. LeBlanc and Christopher J. Russo of stealing …
OKC Startup Battery Company Expands by 116 Jobs
An Oklahoma City battery company that works with electric car makers is creating 116 new jobs thanks to its participation in the Oklahoma Department of Commerce Quality Jobs Program. The State says Spiers New Technologies, Inc., a startup company that’s just more than one year old, will expand operations through the program and get nearly $2 million in …
New Spill Rules Approved for Drillers in North Dakota
Those Oklahoma exploration companies who’ve been busy in the state of North Dakota and its Bakken field find themselves facing new rules aimed at reducing spills in the oil patch. The North Dakota Industrial Commission has approved the rules despite the objections by the oil and gas industry. Among the new requirements will be …
Wastewater Research Has Attention of Oklahoma Oil and Gas Industry
What researchers are studying in West Texas has the attention of oil and gas people and others in Oklahoma—recycle oil and gas wastewater. Texas A & M is looking into treating the wastewater, recycling it and using it to irrigate farmland. And so far, it appears to be working according to News 9’s Alex Cameron …
Critics say ETE Circus missed out on Crown Jewel in Williams Companies
He passed up on “the crown jewel” of U.S. gas pipelines. Billionaire oilman Kelcy Warren is not commenting publicly about his decision this week to back out of what started as a $38 billion merger of his Energy Transfer Equity company in Dallas with Tulsa-based Williams Companies. But others are, according to a …