April 29, 2016 archive

Rig Counts Slide in Oklahoma and across the Nation

      Both the U.S. and Oklahoma rig counts suffered losses in the past week, according to the latest data released by Baker Hughes Company of Houston. Oklahoma suffered a loss of three more rigs, reaching a total count of 60 working oil and gas rigs. Nationally, the count dropped by eleven, reaching a …

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Major Traffic Headaches Coming for OKC’s I-235 Drivers

  State Transportation Commissioners will meet Monday to consider the single largest contract in the history of the Oklahoma Department of Transportation. Commissioners are expected to vote on approval of an $81 million contract with possible financial incentives for the project to reconstruct and widen I-235 and replace the NW 50th Street and BNSF railroad …

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Tulsa Federal Judge Tosses Challenge to Merger of Williams Cos. and Energy Transfer Equity

Tulsa Federal Judge Gregory Frizzell has tossed a legal challenge filed against the merger of the Williams Companies, Inc. and Energy Transfer Equity of Dallas, Texas. The judge ruled against John Bumgarner, a Williams company retiree who was a senior vice president of planning and development for the company. He contended that statements made at the …

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Small Earthquakes Spark Fracking Probe in Pennsylvania

  While it’s become routine in Oklahoma to wonder about the connection between earthquakes and fracking sites, Pennsylvania has launched an investigation into a recent similar occurrence. The quakes that occurred around a fracking site in western Pennsylvania measured only 1.9 magnitude. But now the Pennsylvania Department of environmental Protection has started an investigation to …

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Legislator calls Corporation Commission vote a “catastrophe”

One of those critical of the Oklahoma Corporation Commission’s decision to allow OG&E install a $500,000 scrubber at its coal-fired power plant at Red Rock is Rep. Richard Morrissette. The Oklahoma City Democrat is also a candidate for Corporation Commissioner Dana Murphy’s seat and called the recent Commission vote a “catastrophe.” “For this state and …

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Corporation Commissioners Defend Controversial Approval of OGE Coal Plant Plan

  The Oklahoma Corporation Commission’s controversial decision allowing OG&E to install a $500,000 scrubber on its coal-fired Sooner Power Plant at Red Rock is being called a “catastrophe” by critics and a forced decision by “Big Brother” by one commissioner. It took only 8 minutes for the Commission to meet and make the decision, one …

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Corporation Commission Approves OGE’s $500 Million Coal Plant Upgrade

The Oklahoma Corporation Commission approved a plan by the state’s largest electric utility to spend about $500 million to upgrade its coal-fired power plant in northern Oklahoma. The three-member regulatory panel voted unanimously on Thursday that the plan by Oklahoma Gas & Electric to install dry scrubbers at its Sooner Power Plant near Red Rock …

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Producers Seek Dismissal of Sierra Club Earthquake Suit in Federal Court

Oklahoma producers on Monday fired back at environmental groups in a legal tussle in the U.S. District Court for the Western District of Oklahoma, asking for dismissal of a lawsuit over alleged oil and natural gas injection well-induced earthquakes in the state. At issue is a lawsuit filed by the Sierra Club (Sierra Club v. …

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Energy Sector Woes Hit Hard in Oklahoma, Texas and Wyoming

The slump in crude prices is starting to show up as missed payments by consumers in the oil patch, according to a report published in The Wall Street Journal. In states from Oklahoma and Texas to North Dakota and Wyoming, rising unemployment in the energy sector is pushing up loan delinquencies and raising the risk …

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