Category: General

Williams Wins Motion to Expedite Litigation Against ETE in Delaware

The Williams Companies, Inc. announced Thursday that the Delaware Court of Chancery has granted the company’s motion to expedite the litigation commenced by Williams against Energy Transfer Equity, L.P.
The Tulsa-based company’s April 6 lawsuit agains…

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Energy Companies “Conned” State of California

Energy companies bilked California out of more than $1 billion? It’s what an administrative law judge at the Federal Energy Regulatory Commission bluntly says happened at the hands of Shell Energy North America and Iberdrola Renewable LLC.
Judge Steve…

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15,000 Wells Later for the OERB

Welcome rainfall on Wednesday might have prevented the Oklahoma Energy Resources Board members from celebrating well number 15,000 to be environmentally cleaned up in the state at the well site, but as the old saying goes, it did not dampen spiri…

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Bloomberg News—-How Wall Street Misjudged the Oil Boom

Reading a Bloomberg News article about how Wells Fargo Bank and Wall Street misjudged the oil boom of 2014 reminds one of how the same thing happened in the early 1980s in Oklahoma, leading to the Penn Square Bank collapse. Bank executives in th…

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Energy XXI Latest to File Bankruptcy Amidst Energy Downturn

Another oil and gas producer has gone to bankruptcy court, trying to resolve its billions in debt. Houston, Texas based Energy XXI filed for Chapter 11 restructuring in federal bankruptcy court this week in Houston, trying to eliminate $2.8 billi…

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Recycling Firm Relocation to Duncan Means New Jobs

A ribbon-cutting ceremony is planned Monday in Duncan for a company that intends to expand to 100 workers within the year, according to the Duncan Area Economic Development Foundation.
Duncan Recycling and Refining, known locally as DR2 is relocating …

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Ethanol Production Drops Nationally to 8-month Low

The nation’s output of ethanol production was the lowest in the past week since the week of September 18, 2015, according to figures released this week by the U.S. Energy Information Administration.
Production averaged 938,000 barrels a day or 3…

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Tulsa’s Golden Driller Statute Started Out Anything But a Driller

Tulsa is celebrating the 50th anniversary of the Tulsa Golden Driller, the 76-foot tall, 22-ton statue, one of the tallest in the U.S. While the statue of the driller with his right arm resting on an oil derrick is considered to be one of the most pho…

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Sen. Lankford Says He Still Doesn’t Trust Iran in Nuclear Agreement

In a speech this week to the U.S. Senate, Oklahoma U.S. Senator James Lankford pointed out world-wide terrorism involves the oil and gas industry—and that the controversial nuclear deal the Obama administration made with Iran directly affects Oklahom…

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Corporation Commission Hands Win to Residential Solar Customers of OGE

Solar rooftop users in Oklahoma are celebrating after the Oklahoma Corporation Commission voted 3-0 this week against an Oklahoma Gas and Electric Company plan that opponents argued would be unfair to solar customers.
“The commission’s order fin…

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