Survival. It’s what oil and natural gas companies are dealing with as energy prices swirl lower and lower. The very idea that some major companies that once could afford to wait out the low prices now cannot because they accumulated too much debt…
Wyoming Adopts New Natural Gas Flaring Rules
While the Interior Department prepares to hold a public hearing in Oklahoma City on venting and flaring rules on public and Indian Trust Lands, the state of Wyoming approves new flaring rules this week covering any newly-drilled wells.
Under the…
OGE Moves Ahead with Permitting Process for Mustang Power Plant
After being rejected by the state with plans to eventually put an end to its aging Mustang Power Plant, Oklahoma Gas and Electric is in the midst of steps to seek a routine permit from the state with eventual possible plans to replace some of the aging…
Siemens Makes $25 million Grant to Technology Center
The Canadian Valley Technology Center announced this week it has just received a $25 million grant from German-based Siemens AG. Siemens, builder of wind farms across the U.S. including Oklahoma will offer software for development of Computer Aided Dra…
AG Optimistic About Supreme Court Stay on EPA’s Clean Power Plan
An optimistic-sounding Oklahoma Attorney General Scott Pruitt responded to the actions this week of the U.S. Supreme Court to put a hold on what some consider to be the backbone of President Obama’s Green efforts—the Clean Power Plan.
“We are …
Pipeline Eminent Domain Bill Wins State House Committee Approval
A bill giving more protections for landowners fighting pipeline eminent domain won unanimous approval in a State House committee this week. Rep. Lee Denney’s HB 2276 was advanced by the House Judiciary and Civil Procedure committee.
The bill by the Cu…
Price Estimate Revisions Send Crude Lower on Tuesday
Crude continue to lose ground Tuesday as the Energy Information Administration reduces its outlook for oil prices in 2016. March West Texas Intermediate crude fell $1.75 to end trade at $27.94 a barrel on the New York Mercantile Exchange. April Brent c…
WPX Energy Sells Piceance Assets for $910 Million
Tulsa based WPX Energy is selling its Piceance Subsidiary for $910 million dollars. Terra Energy Partners is buying WPX Energy Rocky Mountain, LLC. They expect the sale to be closed sometime in the second quarter of this year.
As part of the deal, Ter…
Supreme Court Issues Stay on EPA Clean Power Plan
In a win for states like Oklahoma challenging the Environmental Protection Agency’s new Clean Power Plan, the U.S. Supreme Court issued a stay Tuesday on those regulations while the lawsuit makes its way through the judicial system. The Clean Power Pla…
$1.09 Gasoline in Oklahoma City!
While Oklahoma’s average gasoline price has tumbled to $1.41 a gallon, the better question might be if and when prices hit $1 a gallon at some locations. AAA Oklahoma said the prices have fallen for 17 consecutive weeks in the state and the new average…
