• Panel scales back new oil rules for North Dakota reservation

    Updated: Tue, Jul 28, 2015

    BISMARCK, N.D. (AP) — Tribal leaders from a prolific portion of North Dakota's oil-rich Fort Berthold Reservation are scaling back proposed drilling regulations that industry officials warned could slow crude production. Leaders of a section of the reservation that produces the most oil recently formed the West Segment Regulatory Commission, based in Mandaree, to impose its own regulations on oil drilling activity in its region. The idea was not well received by industry officials, existing regulators or overall leadership of the Three Affiliated Tribes, which represents the Mandan, Hidatsa and Arikara people on the million-acre reservation in western North Dakota.

  • Interstate gas pipeline re-routed to avoid fragile NY forest

    Updated: Tue, Jul 28, 2015

    ALBANY, N.Y. (AP) — A section of the planned Constitution Pipeline, designed to bring natural gas to New York City and New England, has been redrawn to avoid a 1,000-acre private forest with fragile wetlands. Christopher Stockton, spokesman for the 124-mile pipeline to bring cheap gas north from Pennsylvania's shale fields, confirmed the route change Tuesday. Stockton said the change adds almost 3 miles to the route and affects 11 landowners, who recently signed right-of-way agreements. The new route avoids the private Charlotte Forest in Harpersfield, about 50 miles southwest of Albany. The property is owned by the heirs of forester Henry Kernan. Family members have managed the forest for 70 years and were among the

  • What's in the 6-year Senate transportation bill

    Updated: Tue, Jul 28, 2015

    WASHINGTON (AP) — The Senate is moving toward the likely passage this week of a sweeping, six-year transportation bill, but the House is putting off consideration of the measure until this fall. With a Friday deadline to prevent a cutoff of highway and transit aid to states, House and Senate Republican leaders say they will also pass an $8 billion short-term bill to shore up the federal Highway Trust Fund through late October. That will give the House about two months after it returns from its August recess to weigh in on a long-term transportation bill. Business and transportation industry lobby groups are urging their members to ask their congressmen and senators to support the Senate bill.

  • Group starts process to sue US agency over pipeline plans

    Updated: Tue, Jul 28, 2015

    DETROIT (AP) — The National Wildlife Federation accused the U.S. Transportation Department on Tuesday of not enforcing a federal law that requires pipeline owners and operators to establish safety response plans for worst-case oil spills in lakes, rivers and other waterways. Leaders of the conservation organization said it filed the required "intent to sue" notice through certified mail, giving officials 60 days to issue regulations or face a federal lawsuit. While the pipelines that spurred the group's action are two side-by-side conduits under the Straits of Mackinac — the 5-mile-wide waterway that connects Lakes Michigan and Huron in Michigan — the National Wildlife Federation said there are about 5,000 pipeline cros

  • Group starts process to sue US agency over pipeline plans

    Updated: Tue, Jul 28, 2015

    DETROIT (AP) — The National Wildlife Federation accused the U.S. Transportation Department on Tuesday of not enforcing a federal law that requires pipeline owners and operators to establish safety response plans for worst-case oil spills in lakes, rivers and other waterways. Leaders of the conservation organization said it filed the required "intent to sue" notice through certified mail, giving officials 60 days to issue regulations or face a federal lawsuit. While the pipelines that spurred the group's action are two side-by-side conduits under the Straits of Mackinac — the 5-mile-wide waterway that connects Lakes Michigan and Huron in Michigan — the National Wildlife Federation said there are about 5,000 pipeline cros

  • The Latest: UN official voices concern about Syria safe zone

    Updated: Tue, Jul 28, 2015

    BRUSSELS (AP) — The Latest from NATO meeting on Islamic State group and related developments (all times local): 9:50 p.m. The U.N. humanitarian chief, Stephen O'Brien, has warned against calling a proposed buffer along the Turkey-Syrian border a "safe zone," saying it could risk attracting vulnerable people to an area without "sufficient protection." Turkish and U.S. officials are discussing the creation of a safe zone near Turkey's border, which would be cleared of Islamic State group presence. O'Brien did not yet have details on just where the zone would be or how it would affect the delivery of humanitarian aid into Syria. He spoke to reporters Tuesday after briefing the Security Council.

  • Oklahoma gas prices falling, down 8 cents in past week

    Updated: Tue, Jul 28, 2015

    OKLAHOMA CITY (AP) — The price of gasoline is falling in Oklahoma. AAA Oklahoma reports the average price for a gallon of self-serve regular in Oklahoma was $2.57 Tuesday — down 8 cents from six days ago when the average was the highest it has been in 2015 in the state. AAA spokesman Chuck May says refinery issues in the Midwestern U.S. have been resolved and production is rising. He says the two factors will likely push prices even lower. Prices in selected cities in the state range from $2.42 per gallon in Lawton to $2.69 in Guymon. Drivers in Oklahoma City are paying an average of $2.57 per gallon and those in Tulsa are paying about $2.54. The national average is $2.70 per gallon, down by 5 cents from a wee

  • Haslam launches 15-stop Tennessee tour on road funding needs

    Updated: Tue, Jul 28, 2015

    NASHVILLE, Tenn. (AP) — Republican Gov. Bill Haslam announced Tuesday that he will kick off a 15-stop tour of Tennessee to highlight the state's transportation funding challenges as he considers a proposal to increase the gas tax for the first time in 25 years. Haslam cited a "multibillion dollar backlog" of highway projects across the state. He said the state can no longer depend on federal funding. He also said maintenance becomes more expensive as infrastructure ages and new projects are needed to improve safety, access and economic development. "The good news is that all our vehicles get a lot better mileage than they used to," Haslam told The Associated Press at a National Governors Association meeting in West Virginia

  • Disposal wells near Crescent shutting down after quakes

    BY DON MECOY Business Editor dmecoy@oklahoman.com | Published: Tue, Jul 28, 2015

    Two oil and gas wastewater disposal wells closest to the recent earthquakes near Crescent are shutting down their operations, the Oklahoma Corporation Commission said Tuesday. After being contacted by the Commission’s Oil and Gas Division, operators of two of the wells are shutting down operations, while a third well farther from the activity will reduce its injected volume by 50 percent. Operators of the wells took the actions voluntarily, the commission said. No directives were necessary. A 4.5 magnitude earthquake centered about 4 miles northeast Crescent shook central Oklahoma on Monday.  Earlier this month, the Corporation Commission placed additional restriction on oil and gas operators under an

  • US consumer confidence falls to lowest level since September

    Updated: Tue, Jul 28, 2015

    WASHINGTON (AP) — U.S. consumer confidence fell this month to the lowest level since September. Consumers are worried about the job market and rattled by events in Greece and China. The Conference Board said Tuesday that its index of consumer confidence fell to 90.9 in July from a revised 99.8 in June. That's the lowest since September's reading of 89. Consumers' assessment of current conditions fell slightly to a still-healthy 107.4 from 110.3 in June; but their outlook for the next six months dropped sharply to 79.9 this month, the lowest since February 2014 and down from 92.8 in June. Lynn Franco, a Conference Board economist, says consumers may have been concerned about the debt standoff in Greece and a stock mark

  • Freeport-McCoRan launches business review to cut costs

    Updated: Tue, Jul 28, 2015

    Shares of Freeport-McMoRan jumped Tuesday after the company said it has started reviewing its mining and oil and gas businesses to look for cost-cutting opportunities in the face of weak markets for its products. The Phoenix company plans to complete the review and report on revised plans during the third quarter. It will look for ways to cut capital spending and operating and administrative costs. The company said this could include adjustments to mine plans and future copper and molybdenum production volumes to cut costs. Freeport-McMoRan Inc.'s assets include mining operations in North and South America, oil and gas assets in the United States and a minerals deposit in Indonesia. Its shares rose were up 8.1 percent,

  • Haslam launching 15-stop tour of Tenn. on road funding needs

    Updated: Tue, Jul 28, 2015

    NASHVILLE, Tenn. (AP) — Republican Gov. Bill Haslam is launching a 15-stop tour of Tennessee to discuss the transportation funding challenges as he considers a proposal to increase the state's gas tax for the first time in 25 years. Haslam in a release Tuesday cited a "multi-billion dollar backlog" of highway projects across the state. He said the state can no longer depend on federal funding. He also said maintenance becomes more expensive as infrastructure ages and new projects are needed to improve safety, access and economic development. Haslam will be joined by Transportation Commissioner John Schroer on the six-week tour beginning Aug. 5 in Memphis.

  • The Latest: Kerry's nuke deal testimony translated in Iran

    Updated: Tue, Jul 28, 2015

    WASHINGTON (AP) — The latest developments on Obama administration officials' testimony Tuesday before Congress on the Iran nuclear deal (all times local EDT): 12:53 p.m. Iran's state TV's broadcast of Secretary of State John Kerry's testimony before Congress on a landmark nuclear agreement was simultaneously translated into Farsi and a news bar highlighting specific remarks. It's the second time state TV has broadcast Kerry's testimony this week, marking a further departure from Iran's longtime policy of not broadcasting remarks by U.S. officials. State TV has carried two speeches by President Barack Obama on the nuclear deal.

  • OIL AND GAS PRICES FOR JULY 28

    Published: Tue, Jul 28, 2015

    OIL AND GAS PRICES Oklahoma crude oil prices as of 5 p.m. Monday: Oklahoma Sweet: Sunoco Inc. — $43.75 Oklahoma Sour: Sunoco Inc. — $31.75 Oklahoma oil and gas drilling activity posted July 13: COMPLETION McClain: Charter Oak Production Co. LLC; Sasquatch No. 1-34 Well; NW1/4 SE1/4 NE1/4 SE1/4 of 34-06N-02W; 33 barrels oil per day, 45,000 cu-ft gas per day; TD 8,639. Oklahoma: Gastar Exploration Inc.; Easton No. 22-3H Well; NW1/4 NW1/4 NW1/4 NE1/4 of 22-14N-04W; 441 barrels oil per day, 277,000 cu-ft gas per day; TD 13,900. INTENT TO DRILL Logan: Oil Gitter Inc.; Sloan No. 1 Well; C SW1/4 SE1/4 SW1/4 of 32-17N-01E; TD 5,340. Seminole: Circle 9 Resources LLC; Wadi

  • HERE COMES THE SUN: Gov. Mary Fallin, OG&E flip switch on solar power project at Mustang plant

    By Paul Monies Business Writer pmonies@oklahoman.com | Updated: Mon, Jul 27, 2015

    Oklahoma Gov. Mary Fallin praised a 2.5 megawatt solar farm at Oklahoma Gas and Electric Co.'s Mustang plant in far western Oklahoma City at opening ceremony.

  • SandRidge is warned its stock could be removed from NYSE

    By Adam Wilmoth Energy Editor awilmoth@oklahoman.com | Updated: Mon, Jul 27, 2015

    Stock price has been below $1 since June 26, and must improve, New York Stock Exchange says.

  • Analyst upgrades Chesapeake

    Adam Wilmoth | Updated: Mon, Jul 27, 2015

    After a rough week, Chesapeake Energy Corp. shares bounced Monday after SunTrust Robinson Humphrey analyst Neal Dignmann upgraded the stock to "Buy" and said the company could be poised to sell more assets or the entire company. Chesapeake stock took a beating last week as the industry continued to struggle with sluggish oil and natural gas prices and as the Oklahoma City oil and natural gas producer suspended its common stock dividend and announced more than $900 million in asset sales. The stock price tumbled to a more than 10-year low of $8.28 Friday, down 28 percent from $11.58 on July 16. On Monday, the stock price improved 9 cents to $8.

  • Stocks

    Published: Sun, Jul 26, 2015

    Eagle Oklahoma’s energy sector desperately needed some good news last week. Our eagle provided it. Shares of Oklahoma City-based Enable Midstream Partners had the best week among all of Oklahoma’s public issues. ENBL units gained 3.1 percent to close Friday at $14.69. That may not sound like much, but compared to many of its peers, ENBL was more than ABLE. Last week, the firm said it would boost its quarterly cash dividend just a smidge, and then said it still expects to meet its goal of 3 percent to 7 percent growth this year. The company, which owns and operates a lot of crude oil and natural gas infrastructure, looked outstanding compared to other state firms in the energy business.

  • One dead, one injured in Woods County oil-field accident

    By Paul Monies Business Writer pmonies@oklahoman.com | Updated: Fri, Jul 24, 2015

    One person died and another was hurt in an accident Thursday at a oil-field site near Dacoma in northwestern Oklahoma. The accident is under investigation, officials say.

  • U.S. rig count jumps by 19; Oklahoma up 2

    By Adam Wilmoth Energy Editor awilmoth@oklahoman.com | Updated: Fri, Jul 24, 2015

    The overall count of rigs seaching for oil and natural gas in the U.S. jumped by 19 to 876, while in Oklahoma the number rose by two to 107 the past week.




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