Houston-based Baker Hughes Incorporated posted a $981 million loss in the first quarter of 2016, widening significantly from the same period a year ago, according to the company’s press release. The world’s third largest oilfield services provider reported a bigger quarterly loss on Wednesday, hurt by a continued decline in drilling activity. Baker Hughes attributed …
A proposed $1.2 billion PennEast Pipeline proposed by Tulsa-based Williams Partners L.P. in conjunction with three other firms faces an uphill road after a regional regulatory agency in Pennsylvania indicated this week it wants to carry out an independent review of the project. Williams is in partnership with Cabot Oil and Gas Corp., Piedmont Natural …
An 80-year federal prison sentence could be awaiting a former financial employee who embezzled more than $450,000 from the Southwestern Energy Company in Houston, Texas. Kendra Walker, 28 pleaded guilty this week to wire fraud counts and is free on bond waiting to be sentenced. She worked in the company’s accounts payable department and stole …
Another drop in the nation’s ethanol production is reported by the U.S. Energy Information Administration. Production averaged 927,000 barrels a day or 38.93 million gallons a day which is a drop of 12,000 barrels daily from the previous week. It also represents a 51-week low for ethanol production in the U.S. the EIA indicated the …
Members of the U.S. House Committee on Natural Resources were told this week that proposed new rules governing the flaring and venting of natural gas from wells on federal lands is needed. It’s what they hard from some of those who testified Wednesday during a hearing into the Bureau of Land Management’s Regulatory Overreach into …
Oklahoma U.S. Sen. James Lankford isn’t giving up on forcing the U.S. government to take care of the more than 600 million acres of land it owns in this country. It’s his vow after his amendment to allocate money for maintenance of the land failed in the Senate. “The federal government is a terrible landlord,” …
Oklahoma U.S. Senators Jim Inhofe and Barbara Boxer on Tuesday released their various of The Water Resources Development Act of 2016. Inhofe is chairman of the Senate Environment and Public Works committee and Boxer, a Democrat from California is the ranking minority member. Their Act authorizes 25 critical Army Corps projects in 17 states. “These …
Oklahoma Governor Mary Fallin put her name to three more energy bills on Monday, creating new laws pertaining to underground facilities damage, the state plugging fund and solid waste disposal. The Underground Facilities Damage Prevention Act, better known as House Bill 1951 by Rep. Weldon Watson, R-Tulsa and Sen. A.J. Griffin, R-Guthrie updates the statutory …
The Oklahoma Aeronautics Commission is proposing $98 million in improvements to airports around the state in the coming two fiscal years. Projects are 40 airports within the state system are included in the Capital Improvement Program for fiscal years 2017-2019. The majority of the projects, according to Vic Bird, director of the Aeronautics Commission will …
Gasoline prices have hit an average $1.92 a gallon in Oklahoma this week, according to the latest Fuel Gauge Report from AAA Oklahoma. That’s about a penny less than one week ago but also 58 cents more than the 2016 low of $1.34 reached on Feb. 13. Nationally, the average is $2.14 a gallon which …
