• American Energy completes Permian deal

    By Jay F. Marks, Business Writer | Updated: 7 hr ago

    An affiliate of Oklahoma City-based American Energy Partners LP has completed its $2.5 billion deal to move into West Texas’s Permian Basin.

  • Oil and gas, livestock prices for Aug. 2

    Published: Sat, Aug 2, 2014

    OIL AND GAS PRICES Oklahoma crude oil prices as of 5 p.m. Friday: Oklahoma Sweet: Sunoco Inc. — $94.25 Oklahoma Sour: Sunoco Inc. — $82.25 Oklahoma oil and gas drilling activity posted July 16: COMPLETION No completions posted. INTENT TO DRILL Alfalfa: Chesapeake Operating Inc.; Christina 14-26-11 No. 2H Well; N1/2 N1/2 NW1/4 NE1/4 (BHL) of 14-26N-11W; TD 10,560. Beaver: Chaparral Energy LLC; Hargues No. 1H-26 Well; N1/2 N1/2 NE1/4 NE1/4 (BHL) of 26-02N-21E; TD 11,400. Beckham: EnerVest Operating LLC; Logan No. 1-6HB Well; NE1/4 NE1/4 NE1/4 NW1/4 (SL) of 06-10N-23W; TD 17,691. Bryan: Cimarex Energy Co. of Colorado; Little 106 No. 21 Well; SE1/4 SE1/4 NE1/4

  • Rare summer relief seen for gasoline prices

    By JONATHAN FAHEY, Associated Press | Published: Sat, Aug 2, 2014

    The average price of a gallon of gasoline is $3.52 after falling 16 cents over the last month. Prices may continue to slide in early August and post larger drops after Labor Day.

  • Oklahoma Corporation Commission streamlines meetings after strategic review

    By Paul Monies, Business Writer | Published: Sat, Aug 2, 2014

    The three-member Oklahoma Corporation Commission, which regulates industries from oil and gas to utilities and trucking, has been meeting fewer times but has issued more orders, commission statistics show.

  • New CNG tank line arrives in Oklahoma

    By Jay F. Marks, Business Writer | Updated: 4 hr ago

    The first shipment of a new cylinder for compressed natural gas vehicles was sent to Oklahoma by Luxfer Gas Cylinders.

  • Housing booms amid infrastructure needs in ND town

    Updated: 7 hr ago

    WILLISTON, N.D. (AP) — The dramatic population growth in the oil patch town of Watford City is fueling demand for housing and commercial space, but city officials are concerned that a lack of infrastructure could get in the way of the booming development. Workers streaming into the area for lucrative oil-industry jobs have pushed the town's population from about 1,750 in the 2010 census to an estimated 8,000 in the area today. But the housing supply hasn't kept up, driving seemingly nonstop construction.

  • McCrory orders that laws be enforced on coal ash

    Updated: 8 hr ago

    RALEIGH, N.C. (AP) — Gov. Pat McCrory issued an executive order Friday directing North Carolina's environmental agency to enforce all applicable laws to try to force Duke Energy to clean up its coal ash dumps. McCrory issued the order hours after the state Senate adjourned without reaching agreement on a proposed plan requiring the company to dig up or cap its 33 ash dumps. State regulators say all of the unlined pits are contaminating groundwater. Coal ash contains such toxic chemicals as arsenic and lead. The order directs the N.C. Department of Environment and Natural Resources to test residential drinking wells near the dumps for coal ash contamination, to halt any violations of the law and mandate remediation plans for

  • Coal struggle endures with W.Va. mine layoff plans

    Updated: 9 hr ago

    CHARLESTON, W.Va. (AP) — From Boone County banker Lee Milam's experience, each round of coal mine layoffs that hits southern West Virginia stifles his community's already-fragile economy. Thursday's news was especially bitter. Coal giant Alpha Natural Resources revealed plans to shed 1,100 workers at 11 West Virginia surface mines and related operations by mid-October. In Boone, where about 2,400 people work in coal mining, two mines employing 462 people could be shuttered. Potentially, that's 462 fewer folks, averaging a salary of nearly $85,000, spending money around town. "If you own a restaurant, you're a coal miner and you just don't know it," said Milam, president of Whitesville State Bank. "If you're a banker,

  • New appliances promise improved efficiency

    By Adam Wilmoth, Energy Editor | Updated: 9 hr ago

    While appliances have become more efficient in recent years, clothes dryers have seen fewer upgrades than other units.

  • Nebraska lawmakers tout benefits of hemp

    Updated: 9 hr ago

    LINCOLN, Neb. (AP) — Lawmakers are expected to debate again next year whether Nebraska should allow expanded research and medical access for hemp, a plant cousin of marijuana. Advocates for the crop gathered at the Capitol on Friday and briefly raised an American flag made of hemp fibers. Supporters are attempting to elevate the hemp flag over every state capitol as part of a campaign to promote the product. On July 4, 2013, the flag flew over the U.S. Capitol. Hemp is a close plant cousin to marijuana, with only a tiny fraction of the THC chemical that produces marijuana's high. More than 25,000 products are made from hemp fiber, seeds, oils and the interior of the stalk, according to the Congressional Research Servi

  • Utility to pay Tennessee coal ash victims $27.8M

    Updated: 10 hr ago

    NASHVILLE, Tenn. (AP) — The nation's largest public utility has agreed to pay $27.8 million to settle claims from Tennessee property owners who suffered damages from a huge, 2008 spill of toxin-laden coal ash sludge that drew national attention to coal ash and its toxic contaminants. The spill happened when a containment dike burst at the Tennessee Valley Authority's Kingston Fossil Plant, releasing more than 5 million cubic yards of ash from a storage pond. The sludge flowed into a river and spoiled hundreds of acres in a riverside community 35 miles west of Knoxville. U.S. District Court Judge Thomas Varlan ruled in 2012 that TVA was liable for the spill.

  • Vermont Gas: Phase 2 price tag going up

    Updated: 10 hr ago

    BURLINGTON, Vt. (AP) — Less than a month after raising the estimated cost of phase 1 of a pipeline project by 40 percent, Vermont Gas has announced that the phase 2 cost is going up as well. Phase 1, the Chittenden County-to-Middlebury section of the pipeline — is under construction now. The company hopes to follow that up with a phase 2 from Middlebury to the International Paper plant in Ticonderoga, N.Y. It says the paper company is paying most of the costs of phase 2, and that that will apply to the $10 million cost increase as well. The company also is planning a phase 3, which would extend the pipeline system to Rutland.

  • S&P 500 has its worst week in 2 years

    Updated: 11 hr ago

    NEW YORK (AP) — U.S. stocks fell for a second day Friday, adding to the massive sell-off the day before and giving the market its worst week in two years. Investors found little reason to move money into stocks, faced with the growing geopolitical concerns in Israel and Ukraine, as well as banking problems in Europe. For the last two years investors have generally wanted to step in to buy any major fall in the stock market, traders said, causing any sell-off to be met the following day with modest buying. Traders said that the selling Friday, on top of what happened the day before, is not a good sign. "The follow-through from yesterday's (market drop) is very telling," said Jonathan Corpina, a trader on the New York S

  • CAMPAIGN WATCH: This week in the race to November

    Updated: 11 hr ago

    HELENA, Mont. (AP) — While U.S. Sen. John Walsh visited with local newspapers in an attempt to move past the plagiarism scandal that broke last week, candidates for Montana's lone U.S. House seat laid out their ideas on energy and agriculture policy. Here is a look at the week's most interesting and important developments in Montana's election campaigns. WALSH PLAGIARISM CASE: Sen. John Walsh, who is trying to keep the seat he was appointed to in February, talked with The Billings Gazette and The Montana Standard this week about allegations that he used others' work without attribution in a 2007 research paper to earn a master's degree from the U.S. Army War College.

  • Rare summer relief for gasoline prices

    Updated: 12 hr ago

    NEW YORK (AP) — The gasoline price roller coaster is running a strange course this summer. August began with the lowest average gasoline price for this time of year since 2010. Just a few weeks ago, drivers were paying the highest gasoline July Fourth gasoline price in six years. The average price of a gallon of gasoline is $3.52 after falling 16 cents over the last month. Prices may continue to slide in early August and post larger drops after Labor Day — as long as there are no hurricanes that halt production in the Gulf Coast or violence in the Middle East that disrupts crude supplies. "We'll see some more drops, and clearly we'll be below $3.50 by Monday," says Tom Kloza, chief oil analyst at the Oil Price Infor

  • Alabama Power reducing coal use at 3 plants

    Updated: 12 hr ago

    BIRMINGHAM, Ala. (AP) — Alabama Power Co. said Friday it will reduce or end coal use at three generating plants because of federal environmental rules as it spends $1 billion to meet new air emission rules. The utility said it will close two coal-fired generating units at Plant Gorgas in Walker County northwest of Birmingham. It also will eliminate coal as a fuel and switch to natural gas for fuel at three Plant Barry units near Mobile. At the Greene County plant west of Tuscaloosa, Alabama Power said it would reduce the workforce by about half as the switch is made from coal to gas. About 60 jobs will reportedly be affected in Greene County, but the utility said cuts will come from transfers and attrition, not layoff

  • Evacuees return after Taiwan gas explosions

    Updated: 15 hr ago

    KAOHSIUNG, Taiwan (AP) — Hundreds of people who fled from gas pipeline explosions in Taiwan's second-largest city returned to their homes Friday after authorities said there was no more risk of blasts like the series that ripped apart streets overnight, killing 26 people and injuring 267. With clean-up work underway in the 2-square kilometer (1-square mile) area, investigators were turning to the task of determining the cause of the blasts, the industrial city's worst such disaster in 16 years. Most of the four ruptured street sections in the densely populated district of Kaohsiung were declared safe from further explosions by afternoon, a city spokesman said. A fire in a 10-meter (yard) -long section that burned through th

  • Duke: Oconee didn't do everything to prevent leak

    Updated: 16 hr ago

    COLUMBIA, S.C. (AP) — Site operators didn't take all possible precautions to prevent a radioactive water leak that led to shutdown of a South Carolina nuclear reactor, officials with Duke Energy said Thursday, also saying they'd learn from their mistakes. "Duke Energy agrees that there were apparent violations," Scott Batson, site vice president for the Oconee Nuclear Station, said during a U.S. Nuclear Regulatory Commission meeting in Atlanta. Engineers and regulators examined the situation last November at the Oconee plant near Seneca, about 30 miles west of Greenville. The shutdown came after engineers detected flaws in the airtight, steel-lined concrete containment building designed to prevent radiation from leaking int

  • Defense bill requires study on Md. wind farm

    Updated: 16 hr ago

    ANNAPOLIS, Md. (AP) — A proposal to build a wind farm on Maryland's Eastern Shore within 56 miles of the U.S. Naval Air Station Patuxent River could still be delayed until a study is complete, despite Gov. Martin O'Malley's veto of a bill that would have created a similar delay. Sen. Barbara Mikulski has included an amendment to a defense appropriations bill that would require the Navy-commissioned study to be completed to further evaluate how radar use at the base could be affected by the wind turbines. The measure now goes to the Senate floor for a vote, which has not yet been scheduled. Supporters of the wind farm have argued the delay could jeopardize its development. But supporters of waiting for the study say th

  • Chevron 2Q profit up on asset sales, oil prices

    Updated: 18 hr ago

    NEW YORK (AP) — Chevron Corp. earnings rose 5.6 percent in the second quarter on asset sales and higher global oil prices, though oil and gas production slipped slightly. Chevron, based in San Ramon, California, said Friday that net income increased to $5.67 billion, or $2.98 per share, from $5.37 billion, or $2.77 per share, in the same quarter a year earlier. The average per-share estimate of analysts surveyed by Zacks Investment Research was for earnings of $2.68, but that does not include the effect of asset sales. The company reported revenue of $55.58 billion compared with $55.31 billion in the same quarter a year ago. Chevron, which produces most of its oil abroad, fetched sharply higher prices for its overseas