• The latest on a possible gas pipeline in the Pinelands

    Updated: Fri, May 22, 2015

    UPPER TOWNSHIP, N.J. (AP) — A southern New Jersey natural gas company wants to move forward with a 22-mile-long, 2-foot-wide pipeline from one rural section of the state to another. South Jersey Gas tried and failed in 2014 to get the approval of the board that oversees the state's million-acre pineland preserve. Now the company is trying again to get that approval. So what's changed? ___ NEW COMMISSIONER Gov. Chris Christie supports the pipeline, and he's got a new appointee on the Pinelands Commission, which could decide the fate of the venture. The state Senate approved Robert Barr this year amid protests from environmentalists and after several delays.

  • US oil and natural gas rig count drops by 3 to 885

    Updated: Fri, May 22, 2015

    HOUSTON (AP) — Oilfield services company Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the U.S. declined by three this week to 885. Houston-based Baker Hughes said Friday that 659 rigs were seeking oil and 222 explored for natural gas. Four were listed as miscellaneous. A year ago, 1,857 rigs were active. Among major oil- and gas-producing states, Louisiana lost four rigs, West Virginia declined by three and Kansas, North Dakota and Ohio each lost one. New Mexico and Pennsylvania gained three rigs apiece, Arkansas was up by two and Oklahoma increased by one. Alaska, California, Colorado, Texas, Utah and Wyoming were all unchanged. The U.S. rig count peaked at 4,530 in 1981

  • Coast Guard: Fire on Gulf oil platform; 28 workers evacuated

    Updated: Fri, May 22, 2015

    NEW ORLEANS (AP) — Twenty-eight workers have been evacuated from an oil production platform that is on fire off Louisiana's coast. A Coast Guard news release says the fire was reported at 2:50 a.m. Friday near Breton Island, which is close to Louisiana's southeastern coast. Production was shut down, and no injuries have been reported. The Coast Guard reported a light sheen of oil could be seen from the air along a more than one-mile stretch of water. Also, about 4,000 barrels of crude oil is stored on the platform. Authorities are working to put out the fire and keep that oil from getting into the water. The cause of the fire was under investigation.

  • House GOP's NC budget proposal gets lots of Democratic votes

    Updated: Fri, May 22, 2015

    RALEIGH, N.C. (AP) — In the first showing of strong bipartisan support for a comprehensive state budget bill since before the Great Recession, North Carolina House Republicans have passed a two-year spending plan that benefited from a revenue windfall. The House gave final approval early Friday to its version of the budget, with a majority of Democrats and Republicans voting yes. It would spend $22.2 billion — nearly $1.1 billion more next fiscal year than the current year. "We're very pleased," said House Speaker Tim Moore, R-Cleveland, after the final vote of 93-23, at 1:15 a.m. "We tried to be very inclusive and transparent and open and collaborative in the development of this budget.

  • US stocks dip; lower oil prices weigh on the energy sector

    Updated: Fri, May 22, 2015

    NEW YORK (AP) — Stocks are mostly lower in midday trading as energy companies decline along with the price of oil. The Dow Jones industrial average fell 59 points, or 0.3 percent, to 18,227 as of 11:45 a.m. Eastern time Friday. The Standard & Poor's 500 index lost three points, or 0.2 percent, to 2,127. The Nasdaq composite gave up three points, or 0.1 percent, to 5,087. Energy stocks fell. Hess lost 2 percent and Newfield Exploration declined 1.3 percent. Oil fell 95 cents, or 1.6 percent, to $59.77 a barrel. Campbell Soup rose 2 percent after its earnings came in ahead of what analysts were looking for. Bond prices fell after the government reported an increase in consumer prices last month. The yi

  • Vanguard Natural Resources to acquire Eagle Rock Energy

    Updated: Fri, May 22, 2015

    HOUSTON (AP) — Vanguard Natural Resources LLC will acquire Eagle Rock Energy Partners LP in a $474 million deal. The agreement was announced Thursday by the Houston-based companies. Vanguard Natural Resources will also assume $140 million of debt from Eagle Rock Energy Partners, which will become a wholly owned indirect subsidiary. The agreement requires approval of the boards of both companies. Vanguard Natural Resources deals in acquisition, production and development of oil and natural gas properties. The company has operations in Texas, Wyoming, Arkansas, Oklahoma, New Mexico, Montana, Colorado, Louisiana, Mississippi and North Dakota. Eagle Rock Energy Partners is also involved with oil and natural ga

  • Boone Pickens celebrates 87th birthday in OKC

    By Adam Wilmoth, Energy Editor | Updated: Fri, May 22, 2015

    The Oklahoma-born oilman will celebrate with a full day of traveling, speaking to presidential candidates and scouring over oil and natural gas production and demand figures.

  • US stocks open mostly lower; oil price slides

    Updated: Fri, May 22, 2015

    NEW YORK (AP) — Stocks are mostly lower in early trading as energy companies decline along with the price of oil. The Dow Jones industrial average fell nine points, or 0.1 percent, to 18,277 as of 9:35 a.m. Eastern time Friday. The Standard & Poor's 500 index gave up a point to 2,129. The Nasdaq composite edged up five points, or 0.1 percent, to 5,097. Deere rose 3 percent after the company raised its profit forecast for the year, saying that strong sales in construction equipment offset a global agricultural slowdown. Campbell Soup rose 2 percent after reporting earnings that came in ahead of what analysts were looking for. Energy stocks fell. Occidental Petroleum and Noble Corporation each fell 2 percent

  • Oil shouldn't spoil vacations for California beach tourists

    Updated: Fri, May 22, 2015

    GOLETA, Calif. (AP) — Images of sticky black beaches and stories of the stink of oil from a broken coastal pipeline shouldn't force canceled plans for the vast majority of tourists planning ocean vacations in California. People who had immediate plans at two popular state-owned beaches — Refugio and El Capitan — need to make new ones, as those two spots in the immediate line of the oil spill in Santa Barbara County are closed through Memorial Day weekend and the coast highway next to them has seen slowdowns for the cleanup operations. However, they represent just a segment of the beaches in Santa Barbara County, the pristine and often pricey stretch of coastline whose boosters bill it as "America's Riviera.

  • Oil shouldn't spoil vacations for California beach tourists

    Updated: Fri, May 22, 2015

    GOLETA, Calif. (AP) — Images of sticky black beaches and stories of the stink of oil from a broken coastal pipeline shouldn't force canceled plans for the vast majority of tourists planning ocean vacations in California. People who had immediate plans at two popular state-owned beaches — Refugio and El Capitan — need to make new ones, as those two spots in the immediate line of the oil spill in Santa Barbara County are closed through Memorial Day weekend and the coast highway next to them has seen slowdowns for the cleanup operations. However, they represent just a segment of the beaches in Santa Barbara County, the pristine and often pricey stretch of coastline whose boosters bill it as "America's Riviera.

  • China stocks hit 7-year high, Europe muted ahead of Fed

    Updated: Fri, May 22, 2015

    HONG KONG (AP) — Chinese stocks hit a seven-year high as investors pinned their hopes on further economic stimulus while most other world markets were subdued Friday ahead of a speech by Federal Reserve chair Janet Yellen. KEEPING SCORE: European stocks were mixed in midday trading. France's CAC 40 was down 0.1 percent to 5,142.77 and Germany's DAX slipped 0.4 percent to 11,818.81. Britain's FTSE 100 rose 0.6 percent to 7,052.25. U.S. stocks were poised to open higher, with both the Dow and S&P 500 futures up 0.1 percent. The big mover was the Shanghai Composite Index in mainland China, which earlier jumped 2.8 percent to close at 4,657.60, the highest level since 2008.

  • Coal, medicine, trains top Tokyo's Asia infrastructure plan

    Updated: Fri, May 22, 2015

    TOKYO (AP) — Prime Minister Shinzo Abe's offer of $110 billion in fresh infrastructure financing for Asia is as much about Japan's agenda for selling its clean coal know-how and other technologies as it is about keeping up with China. Abe announced the commitment, topping the $100 billion China set for its newly created Asian Infrastructure Investment Bank, on Thursday with an explicit pledge to make a "treasure trove" of Mongolia's vast reserves of brown coal, regarded as too polluting for power generation. Japan sided with the U.S.

  • Plugging in business briefs for May 22

    Published: Fri, May 22, 2015

    Plugging in business briefs for May 22, 2015

  • Energy woes spreading to manufacturing sector

    FROM STAFF REPORTS | Published: Fri, May 22, 2015

    Fed’s regional survey shows manufacturing activity and expectations at lowest levels in 6 years.

  • Oil and gas prices for May 22

    Published: Fri, May 22, 2015

    OIL AND GAS PRICES Oklahoma crude oil prices as of 5 p.m. Thursday: Oklahoma Sweet: Sunoco Inc. — $57.25 Oklahoma Sour: Sunoco Inc. — $45.25 Oklahoma oil and gas drilling activity posted May 7: COMPLETION Alfalfa: Chesapeake Operating LLC; Hadwiger 4-26-11 No. 1H Well; N1/2 N1/2 NE1/4 NE1/4 (SL) of 04-26N-11W; 263 barrels oil per day 3,165,000 cu-ft gas per day; TD 9,990. Carter: XTO Energy Inc.; Ginger No. 6-36H31X32 Well; SW1/4 SE1/4 NE1/4 SE1/4 (SL) of 36-03S-03E; 105 barrels oil per day 269,000 cu-ft gas per day; TD 16,014. XTO Energy Inc.; Ginger No. 7-36H31X32 Well; SW1/4 SE1/4 NE1/4 SE1/4 (SL) of 36-03S-03E; 563 barrels oil per day 574,000 cu-ft gas per day; TD

  • At Southern Republican Leadership Conference, Oklahoma energy executives urge lifting of oil export ban

    By Paul Monies, Business Writer | Updated: Thu, May 21, 2015

    Executives from Oklahoma City’s Devon Energy Corp. and Continental Resources Inc. made the case to Republicans for lifting the 40-year-old ban on exports of U.S. crude oil at the opening day of the Southern Republican Leadership Conference.

  • More NC budget changes made before House gives initial OK

    Updated: Thu, May 21, 2015

    RALEIGH, N.C. (AP) — A solid bipartisan majority in the House gave initial approval Thursday night to the chamber's state budget proposal for the next two years that was buoyed by additional expected funds from a recovering economy for pay raises, reserves and Medicaid. The House voted 94-23 just before midnight for the spending plan written mostly by Republicans after seven hours of debate and several dozen amendments. The chamber reconvened just after midnight for the second of two required votes early Friday. Unlike recent years of mostly partisan votes for the budget — one the most important bills of the year — support for the measure crossed political lines, with 33 of the 45 Democrats voting for the plan.

  • Asia stock markets mostly higher, China at 7-year high

    Updated: Thu, May 21, 2015

    HONG KONG (AP) — Most Asian stock indexes rose Friday, with China's benchmark at its highest in seven years, after Wall Street eked out another record close. KEEPING SCORE: Japan's Nikkei 225 index edged 0.1 percent lower to 20,172.15 and South Korea's Kospi rose 0.5 percent to 2,134.11. Hong Kong's Hang Seng advanced 1.2 percent to 27,863.25. The Shanghai Composite Index in mainland China jumped 1.9 percent to 4,616.32, the highest level since 2008. Australia's S&P/ASX 200 dipped less than 0.1 percent to 5,659.90. Southeast Asian indexes were mixed.

  • T. Boone Pickens says natural gas use grows too slowly

    By Adam Wilmoth, Energy Editor | Published: Thu, May 21, 2015

    The use of natural gas continues to grow, but not fast enough for Boone Pickens. The Pickens Plan called for the increased use of natural gas — along with wind and solar energy — in an attempt to reduce the country’s dependence on foreign oil.

  • Environmentalists seize on latest Santa Barbara oil spill

    Updated: Thu, May 21, 2015

    GOLETA, Calif. (AP) — The latest oil spill on the Santa Barbara coast is just a drop in the bucket compared with the area's catastrophic blowout in 1969, but it has become a new rallying point for environmentalists in their battle against drilling and fossil fuels. No one expects damage on the order of the '69 disaster, which helped give rise to the modern environmental movement and led to passage of some of the nation's most important environmental laws. Nevertheless, the new spill from a ruptured underground pipe is being held up as another reason to oppose such things as fracking, the Keystone XL pipeline that would run from Canada to Texas, the moving of crude by train, and drilling in far-flung places.




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