Magellan Midstream Partners and one of its Houston based partners are extending the open season on its 50/50 owned BridgeTex Pipeline. Magellan and Plains All American Pipeline are planning to build a new pipeline origin point in Grimes County, Texas. …
Category: General
Governor Lays out Budget Plan hurt by Oil and Gas Downturn and Makes No Menton of What to Do t
In a speech marked by references to the “damaged” oil and natural gas sector and calls for “rolling up our sleeves and doing the hard work,” Governor Mary Fallin on Monday said nothing about the state’s growing problems of earthquakes and wastewater in…
Bankruptcies Expected to Grow Among Oil and Gas Companies
It might be a case of waiting for the other shoe to drop. First oil prices plunged then some 42 firms filed for bankruptcy last year across the country. In Oklahoma, SandRidge Energy is at the top of the list of those speculating or betting on w…
Oklahoma and Louisiana Very Much Alike in Dealing with Oil and Gas Downturn Impact
While Oklahoma government leaders grapple with a budget hole of an estimated $1.1 billion, the state of Louisiana has an even bigger budget hole of $1.9 billion. Both states are suffering because of the massive downturn in the oil and gas indust…
Bankrtupcies Expected to Grow Among Oil and Gas Companies
It might be a case of waiting for the other shoe to drop. First oil prices plunged then some 42 firms filed for bankruptcy last year across the country. In Oklahoma, SandRidge Energy is at the top of the list of those speculating or betting on w…
North Dakota Joins Fight Against EPA Clean Power Plan
North Dakota has joined Oklahoma and several other states in asking the U.S. Supreme Court to stop the Environmental Protection Agency from enforcing its controversial Clean Power Plan.
The state’s Attorney General Wayne Stenehjem contends if th…
Monthly Business Survey Shows Continued Weak Oklahoma Economy
The Midwest might finally see an improving economy but not two States that rely heavily on oil and gas—Oklahoma and North Dakota. It’s the findings in the January survey of overall Mid-American Business Conditions found in the survey carried out by C…
House Speaker Targets Corporation Commission to be Modernized in Targeting Disposal Wells and Earthquakes
With the start of the 2016 session of the Oklahoma legislature, those wastewater disposal wells believed to be causing earthquakes in the state will get a lot of attention. House Speaker Jeff Hickman is among those legislators wanting to solve the pro…
Crude Ends Week on the Positive Side
Crude oil prices ended the week on an up note Friday. March West Texas Intermediate crude added 40 cents to settle at $33.62 a barrel on the New York Mercantile Exchange. March Brent crude settled at $34.74 a barrel after adding 85 cents on the London …
CenterPoint Energy Reinvests in Enable Midstream Partners
CenterPoint Energy is using money it made from Enable Midstream Partners to reinvest into the Oklahoma company. CenterPoint made the announcement Friday.
The deal regards the early redemption of $363 million of notes payable to CenterPoint Energy Reso…