August 2017 archive

PSO Wants Quick Decision from State on Proposed Largest Wind Farm in the U.S.

Tulsa’s Public Service Co. is asking for a quick decision from the Oklahoma Corporation Commission on its plan to build what will be the largest wind farm in the U.S. PSO and a sister utility say they need the fast response in order to have the Wind Catcher project near Guymon qualify for federal tax …

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Energy Transfer Founder Says Wrong Information was Used in Call for Investigation of His Pipeline

Dallas billionaire Kelcy Warren, the man behind the Dakota Access pipeline and the failed merger with Tulsa’s Williams Companies is telling two members of congress they used inaccurate information to call for an investigation of his latest pipeline venture. Warren’s founder of Energy Transfer Partners LP and responded to Sen. Maria Cantwell of Washington and …

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ConocoPhillips Wraps up $3 billion Sale of San Juan Basin Holdings

ConocoPhillips says it’s wrapped up its sale of its San Juan Basin assets in New Mexico with Hilcorp Energy Company. The firms had previously announced the $3 billion sale. The sales price includes $2.7 billion in cash and contingent payments of up to $300 million. The contingent payments portion is effective from Jan. 1, 2018 …

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Holly Energy Reports Increased Income in 2nd Quarter

Holly Energy Partners, the Dallas based company with a refinery and storage facilities in Oklahoma reported an increase in net income in the second quarter. Income totaled $41.3 million compared to $39.1 million one year ago. Distributable cash flow was $60.9 million for the quarter, an increase of $5.2 million or 9.3% compared to the …

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A Good Second Quarter for OKC’s Enable Midstream

Oklahoma City’s Enable Midstream Partners, LP reported an increase in second quarter 2017 net income compared to a year ago. Income totaled $95 million, up from the $39 million reported in the second quarter of 2016. The company credited a higher gross margin, partially offset by higher interest expenses and higher depreciation an amortization expense. …

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Total Energy Production Rankings Released by EIA

The federal government says when it comes to total energy production in the U.S., the state of Wyoming is at the top of the list. The remaining states in the top five are Texas, Pennsylvania, West Virginia and North Dakota. Oklahoma is ranked third nationally behind number one Texas and Pennsylvania when it comes to …

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US Sanctions Against Venezuela Could Impact Some Service Stations

New sanctions by the Trump administration against Venezuela could ultimately affect customers at some service stations in Oklahoma and across the U.S. That’s because Valero stations are owned by CITGO which is a Texas based company that is 50.1% owned by PDV America, Inc, an indirect wholly owned subsidiary of Petroleos de Venequela, S.A. The …

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EPA Wants Former Midwest City Business Declared a Superfund Site

  A former industrial site that’s left groundwater contaminated in Midwest City is being suggested to be named an EPA Superfund site. The Environmental Protection Agency announced this week it is adding the former Eagle Industries site to the Superfund program’s National Priorities List of the nation’s most contaminated sites. “Communities get healthier and local …

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