WPX Energy Prepares for 4th Q Results

  Tulsa’s WPX Energy says it will discuss its fourth-quarter and full-year 2017 financial and operations results during a webcast on Fe. 22, 2018. Chief Executive Officer Rick Muncrief, Chief Operating Officer Clay Gaspar and Chief Financial Officer Kevin Vann will discuss the company’s performance on that Thursday morning. Investors can access the event at …

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Natural Gas Line Explosion in Kingfisher

A natural gas line exploded Thursday afternoon in Kingfisher but no one was injured in the incident. The road was damaged in the explosion that happened south of 2880 Road and 810 Road intersection. A 15-foot section of the road was damaged in the blast and authorities closed 2880 Road due to the damage. The …

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State Water Board Clears State Audit

  The Oklahoma Water Resources Board has come through a State Auditor’s Operational Audit with only a few recommendations of changes in the way it manages money. Released Thursday, the operational audit covered July 1, 2014 through Dec. 31, 2016. One recommendation indicated revenues were at risk “due to inadequate segregation of duties.” The auditor …

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Inhofe and Barrasso Criticize Nuclear Regulators for Lack of New Power Plants

  Oklahoma U.S. Sen. Jim Inhofe continued his criticism this week of why the U.S. continues to lag behind in the permitting process for more nuclear power plants in the country. He made clear his opinion at a hearing held by the Senate Committee on Environment and Public Works where Nuclear Regulatory Commission chairman Kristine …

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Still 2 more New Pipelines Planned to Move Oil Out of Permian Basin

The latest to join the list of pipeline companies seeking customers to move their crude oil out of the Permian Basin in Texas and New Mexico to the Gulf Coast refineries is Plains All American Pipeline, L.P. The Houston-based company announced this week it has sufficient customer interest to conduct a binding open season for …

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Santa Fe Expands CNG Bus Fleet

Another city is expanding its fleet of CNG vehicles.  Santa Fe, New Mexico has awarded a $3 million contract to Clean Energy Fuels Corp. of California to design, build and operate the new compressed natural gas fueling station to serve public and private customers. The station will primarily be used for Santa Fe’s transit and …

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Who’s Green and Who’s Not in Newsweek’s Annual Green Rankings

  Oklahoma companies and those firms with operations in the state were among those U.S. corporations listed in Newsweek Magazine’s annual Green Rankings. Boeing, with major operations at Tinker Air Force base in Midwest City was ranked 22nd out of the top 500 global publicly traded companies. Based on the magazine’s annual assessment of sustainability …

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Mustang Wins Court Order to Block Drilling by Citizen Energy

A Canadian County District judge has granted a temporary restraining order to prevent Tulsa-based Citizen Energy from moving ahead with drilling two oil wells in the city limits of Mustang. The city sought the order after Citizen Energy reportedly said it would proceed with the two wells without complying with certain restrictions approved by the …

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SandRidge Defends Bonanza Creek Purchase—Calls it ‘financially attractive’

While Carl Icahn, the man known as a “corporate raider” is critical of SandRidge Energy’s recent $746 million purchase of Denver’s Bonanza Creek Energy, SandRidge is responding with its side of the story. In a letter and “investor deck”  to shareholders, SandRidge maintains the purchase is a “strong strategic fit” with “high quality assets” and …

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Sen. Inhofe says Statutes are Misused in Delaying Pipeline Projects

Oklahoma U.S. Sen. Jim Inhofe says some federal statutes are being misused to create delays and foster unproductive entrenchments against approving more energy pipelines in the country. His claim made during a hearing held by the Senate Committee on Energy and Natural Resources on legislation proposed by Inhofe and Sen. Angus King to streamline the …

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