Water Appreciation Day Set for March 20

  The thirteenth annual Oklahoma Water Appreciation Day is scheduled for Tuesday, March 20th in the 4th floor rotunda of the Oklahoma State Capitol from 9 a.m. to 3 p.m. The OWRB-hosted event will feature water-related agency and organization booths and displays. Water Appreciation Day presents a unique opportunity for water-focused groups to demonstrate the …

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Anti-Fracking Report Says Millions Are at Risk

Oklahoma’s oil and gas industry  is skeptical of another anti-fracking report, one Rolling Stone magazine calls “the most authoritative study of its kind” that reveals how fracking is imperiling the health of millions of Americans. The 266-page report was released by critics of fracking who call themselves Concerned Health Professionals of New York and the …

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Magellan Midstream Considers Expansion of Texas Operations

Tulsa’s Magellan Midstream Partners is reaching out to potential customers for a possible expansion of the company’s western leg of its pipeline system in Texas. The company recently launched an open season to assess customer interest. Those who might become customers of such a proposed expanded pipeline have until May 9 to make binding commitments. …

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The Goal of Creating More Jobs in Oklahoma

In the February edition of the Oklahoma Economic Report, State Treasurer Ken Miller is praising Gov. Mary Fallin for her efforts to create more jobs in Oklahoma. “Governor Mary Fallin has taken an active role in luring businesses to bring quality jobs to Oklahoma,” he wrote. “Data from the Oklahoma Employment Security Commission show that between January 2017 and January 2018 Oklahoma 25,000 jobs. Gov. Fallin …

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Houston to Get Ethane Shipping Port

The Houston area shipping docks are about to get another export terminal thanks to an agreement announced between Energy Transfer Partners, L.P. and Satellite Petrochemical USA Corp. The two have entered into definitive agreements to form a joint venture called Orbit Gulf Coast NGL Exports LLC. The purpose is to construction a new export terminal …

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Pruitt and Others Told—-Optics Matter When it Comes to Spending

  Former Oklahoma Attorney General Scott Pruitt’s had a sit-down with White House officials about his spending as head of the U.S. Environmental Protection Agency. He and several others whose spending habits got the attention of the Trump administration not to mention critics.According to Vanity Fair, the White House has reportedly grown weary of hearing …

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Democrats Move to Amend Revenue and Energy Taxation Bill

While the legislature struggles with a resolution to the state’s budget crisis and the oil and gas industry nervously await whether gross production taxes will be increased, there is activity regarding a revenue bill in the Oklahoma House of Representatives. Rep. Scott Inman has filed an amendment to an amendment on House Bill 2152 to …

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Crude Oil Inventories Go Up—Oil Prices Continue to Drop

For another day, oil prices in the U.S. slipped Wednesday on news from the federal government that crude supplies rose by 5 million barrels for the week ended March 9. April contracts for West Texas Intermediate crude slipped 4 cents or 0.07% and settled at $60.92 per barrel. Brent crude on London’s ICE Exchange rose …

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Compressor Station Fire Shuts Down Pioneer Operations in Texas Panhandle

A fire at a compressor station in the Texas Panhandle resulted in the shutdown of a Pioneer Natural Resources Company operation. The Dallas-based company said the March 6 fire resulted in extensive damage to the station located in Pioneer’s West Panhandle field. No injuries were reported and the fire was contained in the compressor station. …

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Midstates Reports $85 million Loss in 2017

While in reported talks for a possible merger with SandRidge Energy in Oklahoma City, Tulsa’s Midstates Energy reported a net loss of $85 million in 2017 and a workforce reduction carried out in January 2018. The company released its 2017 and fourth quarter 2017 earnings report on Wednesday. The year-end loss was $85.1 million or …

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