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Warren Buffet’s Company Now Owns 15% of Phillips 66
Berkshire Hathaway Inc., the firm founded and owned by Omaha, Nebraska financier Warren Buffet has increased its holdings in Phillips 66, now owning 15 percent of the company. The increase came after the company bought 642,841 shares of the oil refiner over the past several days. Berkshire Hathaway made the disclosure in a filing with …
$9 billion Debt Forces Chesapeake to Make a 2nd Swap of $166 million in Shares
Oklahoma City’s financially challenged Chesapeake Energy Corp. has agreed to another deal to exchange its outstanding shares in exchange for debt, according to documents on file with the Securities Exchange Commission. The move is yet another effort as the company wrestles with billions in debt. The filing, made Monday indicated the amount involved about 5 …
Wastewater Firm Moves Ahead in Nation’s Most Active Oil Play Despite Downturn
The energy downturn hasn’t stopped BlueJack Energy Solutions LLC in Dallas from securing up to $100 million in equity commitment from Energy Spectrum Capital through Energy Spectrum Partners VII LP. While rig counts have dropped in the past two years, there is still a need to dispose of wastewater from the wells being drilled in …
NGL to Release Earnings Report Thursday and Hold Earnings Call on Friday
Tulsa-based NGL Energy Partners LP plans to host an earnings call on Friday to discuss its financial results for the fiscal year that ended March 31, 2016. The 9 a.m. CDT call will be available to analysts, investors and other interested parties. The call will also come after NGL distributes its earnings press release following …
Lankford Shows No Letup in Criticism of Obama over Green Climate Fund and Zika Research
U.S. Sen. James Lankford has renewed his political point over the President’s threatened veto of the Senate’s approval of $1.1 billion in “emergency” spending to fight the spread of the Zika virus. Now he’s used the pages of The Daily Signal to make his point. As the Senator pointed out in a senate floor speech, the …
Attorneys General Want EPA to Stop Spending Dollars on Suspended Clean Power Plan
The Attorneys General in Texas and West Virginia are asking the Environmental Protection Agency to stop spending taxpayers dollars to comply with the halted Clean Power Plan. “The entire point of the Supreme Court’s extraordinary action in putting a stop to the Power Plan was to preserve the status quo pending the outcome of the …
EPA Sued by New Mexico Over Colorado Gold Mine Spill
The state of New Mexico has filed a lawsuit against the U.S. Environmental Protection Agency over last summer’s toxic spill from the Gold King Mine north of Durango, Colorado. The suit, which also named two miner owners was filed by New Mexico Attorney General Hector Balderas in U.S. District Court in Albuquerque. It alleges …
Siemens Signs First Long-Term Maintenance Contract for Woodward Wind Farm
The wind-energy firm Siemens has signed a contract to provide another 15 years of service and maintenance at the 152-megawatt Keenan II wind farm near Woodward. It is the first long-term Balance of Plant wind service agreement in the U.S. for the company.. The customer is CPV Keenan II Renewable Energy Company headquartered in Silver …
Gasoline Prices Jump in Oklahoma to hit New Average of $2.08 a gallon
Oklahoma’s gasoline prices jumped nearly 8 cents in the past week, reaching a new average of $2.08 a gallon, according to the latest report from AAA Oklahoma. A week ago, the average was $2 a gallon. Nationally, the gas prices are at their highest point for the year, just days away from the start …
Group Plans LPG Fracking to Get around New York’s Fracking Ban
Some farmers in New York think they’ve found a way to get around the state’s new law that banned hydraulic fracturing using water. Their method? Liquefied Petroleum Gas. The Snyder Farm Group, according to Natural Gas Now, has contracted with the Texas-based Tioga Energy Partners to use propane fracking technology which is not banned by …