Those lawsuits challenging the Trump administration’s decision to repeal WOTUS are causing some big legal considerations for the government. Some suggest the government’s in a pickle. POLITICO’s Morning Energy Report explained that it means the administration, as a result of repealing President Obama’s controversial Waters of the US regulation, now has to defend a …
Iowa leaders remain angry over the EPA’s bio-ethanol waivers granted small refineries and one member of congress is threatening to get EPA Administrator Andrew Wheeler fired if changes aren’t made. The threat comes from U.S. Sen. Joni Ernst, a Republican who says the president told the EPA to make sure the promise is kept on …
Nearly two and a half years after a pipeline leak led to an explosion that killed two men in a northern Colorado residential area, the state has yet to carry out a promise—mapping underground pipelines statewide. The Denver Post reported that in the wake of the April 17, 2017 explosion in the city of Firestone, …
J.Hugh Roff, Jr., once the President, Chairman of the Board and CEO of United Energy Resources, Inc. died last week at the age of 88. Before taking over at United Energy Resources, Roff worked for ATT. In 1974, he was CEO at United Energy and its principal subsidiary United Gas Pipeline Company. His obituary stated …
** Massachusetts will now join New York in suing ExxonMobil over claims that it misled investors and deceived consumers about the risks of climate change. After more than three years of investigating, Massachusetts Attorney General Maura Healey sued Exxon. “We know this case isn’t going to be easy. Exxon fought us every step of the way,” Healey …
Oklahoma’s oil and gas industry took another big hit in terms of the state’s rig count in the past week as the number of active rigs slid to 54. The count dropped by six over the past week according to figures from Baker Hughes Co. One year ago, there were 141 active oil and gas …
Leaders of American Electric Power, the parent company of Public Service Company of Oklahoma are optimistic about the earnings of the firm, earnings boosted by renewable energy investments. Nicholas K. Akins, chairman, President and Chief Executive Officer discussed the earnings and the optimism at AEP’s recent third quarter earnings call. He said the operating earnings …
A South Dakota anti-protest law fashioned after one adopted by Oklahoma in recent years won’t be fully implemented. State officials now say they will not enforce part of the laws that critics argued targeted Native American and environmental opponents of the proposed Keystone XL crude oil pipeline. South Dakota Gov. Kristi Noem and state Attorney …
Quarterly distributions were announced by two of the SandRidge Mississippian Trusts which received proceeds from the sale of oil and gas royalties covering the Mississippian formation in northern Oklahoma and southern Kansas. Both face apparent delisting on the New York Stock Exchange. The SandRidge Mississippian trust I, covering properties in Alfalfa, Garfield, Grant and Woods …
While Phillips 66 Partners reported increased third quarter earnings, Phillips 66 reported a drop in earnings in the quarter. The company announced its quarterly earnings were $712 million, a significant drop from the $1.4 billion reported in the second quarter of 2019. However, excluding special items of $690 million in the third quarter, primarily impairments …