Category: Oil & Gas

Ethanol Industry Rips Congress for Not Including It in Renewable Fuels Hearing

The ethanol industry isn’t happy that it was excluded from a U.S. House Oversight Subcommittee hearing this week to examine the Renewable Fuel Standard.
“Once again, no one from the U.S. biofuels industry wsa invited to testify, silencing a powerful v…

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Inhofe Files Bill to Allow Drones to be used for Pipeline Surveillance

Oklahoma U.S. Senator Jim Inhofe has introduced a measure to ensure drones can continue to be used by energy pipeline operators as well as others responding to natural disasters. He introduced the UAVs for Energy Infrastructure Act and immediately drew…

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House Speaker—–Perfect Storm in Oklahoma

What’s happened to the oil and gas sector in Oklahoma weighs heavily on the mind of Oklahoma State House Speaker Jeff Hickman as he leads the House in struggling with two budget failures and another month of declining budget revenue.
“A lot of work co…

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Major Pipeline Improvements at DTE Energy

Williams Cos. in Tulsa isn’t the only major pipeline firm making major investments. DTE Gas plans to spend $1.4 billion in its Michigan natural gas pipeline infrastructure in the coming five years.
The company plans to modernize its cast iron and ste…

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Oil Ends Higher on Demand, Fed Reserve Statement

Oil futures ended sharply higher Wednesday, boosted by a smaller-than-expected weekly climb in U.S. crude stockpiles.
Plans for a meeting of major oil producers next month to discuss limiting output and a complaisant Federal Reserve statement added to…

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Ethanol Production Grew Nationwide in Past Week

The nation’s ethanol production has increased to its highest total in nine weeks, reaching an average of 999,000 barrels a day, a 21,000 barrel increase in the past week. The U.S. Energy Information Administration indicated the four-week average stood …

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Energy Downturn Results in Layoffs at Totalflow Plant in Bartlesville

The oil and gas downturn hits another Oklahoma company—Totalflow of Bartlesville.
The firm says it’s implemented a 5 percent cut in its workforce of 249 and will let go 13 workers. Totalflow is part of the international business group ABB Inc. wher…

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WTI, Brent Crude Down While Natural Gas Futures Rise

Oil prices settled at their lowest level in more than a week on Tuesday, as hope for a coordinated output freeze among major crude producing nations continued to fade.
April West Texas Intermediate crude dropped 84 cents, or 2.3%, to settle at $36.34 …

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Gulfport Grants Stock to Top Three Execs

Gulfport Energy Corporation’s three top executives acquired direct ownership of lucrative common stock shares in the Oklahoma City company, according to recent documents filed with the U.S. Securities and Exchange Commission.
Michael G. Moore, Gulfpor…

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PostRock Energy Receives Notice of Acceleration From Lenders

PostRock Energy Corporation revealed on Tuesday that its lenders have called the company’s debt due immediately.
“PostRock believes that the aggregate proceeds from any such transaction will be substantially less than the amount required to repay in f…

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