Author's posts
More Troubles for Dakota Access Pipeline Company
Iowa regulators are under pressure to stop a proposed oil pipeline through the state and three other states. It is the Dakota Access pipeline, a 1,150-mile long project pushed by a Texas company that planned to start construction this week in the Bakken oil fields in northwest North Dakota. The pipeline is to stretch through …
Rig Counts in Oklahoma and U.S. Decline in Past Week
Oklahoma and the U.S. dropped again in oil and gas rig counts in the past week, Oklahoma dropping by one to reach 56 and the nation losing 9 more rigs, falling to a total of 406, according to figures released by Baker Hughes. Nationally, the drop included ten more oil rigs over the past week. Compared …
Lankford—–Why He Voted for Energy and Water Bill
U.S. Sen. James Lankford was quick to praise the Senate for approval of the massive Energy and Water Development bill, noting that it was passed “in an open process.” The Republican Senator said the appropriations Act includes a proposal from his government waste report entitled, “Federal Fumbles: 100 ways the government dropped the ball.” …
NGL Energy Holdings Gets New Board Member
Tulsa-based NGL Energy Partners LP has named Christopher Beall to its board of directors of its general partner, NGL Energy Holdings LLC. Beall has more than 16 years of experience in direct investments, investment banking and finance and served as a key investment professional for Highstar Capital prior to joining Oaktree Capital in 2014, according …
Seventy Seven Energy Gets Support from Creditors—–Still Plans Chapter 11 Bankruptcy Filing
Days after announcing it had started asking for approval from its creditors of a prepackaqed Chapter 11 bankruptcy reorganization plan, Oklahoma City-based Seventy Seven Energy Inc. stated it had entered into a second amended and Restated Restructuring Support agreement. But it still intends to head to bankruptcy court. In Friday’s announcement, the struggling energy …
DiCaprio Joins Fight Against Dakota Access Pipeline
Dallas-based Energy Transfer Partners LP, the same firm in the midst of a merger with Tulsa’s Williams Companies, has successfully won agreement with every landowner along its $3.8 billion Dakota Access Pipeline in the Dakotas. But the pipeline has picked up opposition from movie star Leonardo DiCaprio who said he is “standing with the Great Sioux Nation …
Big Energy and Water bill Passed by U.S. Senate
Oklahoma U.S. Senators Jim Inhofe and James Lankford were among those who voted to pass a $37.5 billion energy and water bill on Thursday in the Senate. The overwhelming approval came after an impasse was resolved over a Republican amendment that Democrats contended would wrongly weaken the administration’s nuclear deal with Iran. The energy and …
Unfinished Nuclear Power Plant for Sale
For sale: Cheap. Never completed nuclear power plant. Only $36 billion. It’s a want ad you won’t read in the newspaper as the Tennessee Valley Authority decided recently to declare the Bellefonte nuclear plant near Hollywood, Alabama to be surplus. While the 1,600 acre site is unfinished, it’s cost more than $4 billion over the past …
Energy Groups Sue to Stop Greater Protection of Sage Grouse
Even as the U.S. Fish and Wildlife Service moved this week to not relist the Lesser Prairie Chicken as a threatened species, the government was being sued over efforts to protect the greater sage grouse. The Western Energy Alliance and North Dakota Petroleum Council filed suit over the drilling restrictions put in place to protect …
EPA Unveils New Rules Targeting Methane Emissions from Oil and Gas
Final regulations clamping down on methane emissions from new and modified oil and gas operations were finalized Thursday by the U.S. Environmental Protection Agency. It’s part of the Obama administration’s effort to slash emissions by 40 to 45 percent from 2012 levels by 2025. The rule is aimed at preventing 11 million metric tons of …