Oklahoma congressman Markwayne Mullin and others on a subcommittee of the House Energy and Commerce Committee will hold a legislative hearing on Tuesday to examine the nation’s pipeline safety reauthorization.
Five witnesses will appear before t…
Pipeline Safety Hearing to be Held Tuesday by Rep. Mullin and Others
Oil Price Decline Brings Drop in Number of Crude Oil Tankers by Rail
The number of crude oil rail cars passing through Oklahoma and other energy-rich states declined last year in the U.S. as oil prices fell. That’s according to the Association of American Railroads.
The group said 410,249 carloads of crude were c…
North Dakota Requires More Monitoring of Massive Oil Pipeline
Dallas-based Energy Transfer Partners will have to cough up another $100,000 to pay for an independent review of its construction of the biggest-capacity pipeline proposed to move crude from North Dakota’s oil patch. The state Emergency Commissio…
Profit Takers Turn Crude Prices Lower on Friday
Profit taking pushed crude prices lower on Friday. April West Texas Intermediate crude on the New York Mercantile Exchange lost 29 cents to end trade at $32.78 a barrel. On the London ICE Futures Exchange, April Brent crude fell 19 cents to settle at $…
Rig Losses Slow Nationwide and Remain Steady in Oklahoma
The nation lost more rigs in the oil and gas industry in the past week while the losses leveled off in Oklahoma, according to the latest data from Baker Hughes Company of Houston, Texas.
Oklahoma remained at 73 but was still far below the count of 146…
Manufacturing Industry Hurt by Energy Downturn
Closing at its lowest mark since 2009, the Tenth District Manufacturing Survey for February was released. The survey reflected a continued pattern of deterioration over the past few months coming from both durable and nondurable goods factories.
“Ener…
LNG Shipped from Lower 48
The first international shipment of liquefied natural gas from the lower 48 states of the U.S. went to Brazil, marking a significant point in U.S. energy history because it shows the strength of the nation’s natural gas production, production tha…
Optimism at Chesapeake Energy after Jump in Stock Prices
Financial analysts like what financially-troubled Chesapeake Energy is doing to avoid bankruptcy. Investors apparently do too. Stock prices for the Oklahoma City-based company jumped 50 cents in mid-week trading after the firm announced in its q…
Halliburton Laying Off 5,000 More Workers
Another 5,000 workers are being let go by Houston-based Halliburton. It’s on top of the 9,000 laid off in the past year during the energy downturn. A company spokeswoman indicated that the latest roun of layoffs will represent nearly 8 percent …
Energy Tax Credits Among Those up for Review by State Incentive Commission
The newly-created Tax Incentive Commission in Oklahoma has started reviewing nearly $2 billion in tax incentives and credits including those for the state’s wind industry as the state government reacts two two revenue failures.
The commission held its…
