• Oil and gas, livestock prices for Nov. 27

    Published: Thu, Nov 27, 2014

    OIL AND GAS PRICES Oklahoma oil and gas drilling activity posted Nov. 10: COMPLETION Grady: Continental Resources, Inc.; Schoof No. 1-17H Well; SW1/4 SE1/4 SE1/4 SE1/4 (SL) of 17-07N-06W; 649 barrels oil per day, 1,678,000 cu-ft gas per day; TD 17,368. Major: Crawley Petroleum Corp.; Dow No. 2-28 Well; N1/2 S1/2 NE1/4 NW1/4 of 28-20N-14W; 36 barrels oil per day; TD 9,650. INTENT TO DRILL Beckham: Black Mountain SWD, LP; Beckham No. SWD1 Well; S1/2 NE1/4 NE1/4 NW1/4 of 24-11N-26W; TD 5,500. Coal: Canyon Creek Energy Operating, LLC; Geraldine No. 1-4 Well; SE1/4 NW1/4 SE1/4 SW1/4 of 04-01N-08E; TD 6,300. Pablo Energy II, LLC; Eddings No. 3H-20 Well; SE1/4 SW1/4 SE1/4 SW1/4 (SL) of 20-01N-10E;

  • China hit by second deadly mine blast in 2 days

    Updated: 1 hr ago

    BEIJING (AP) — At least 11 people were killed Thursday in the second deadly coal mine accident to hit China in two days, pointing to continuing safety issues in the industry despite a major decline in deaths among miners in recent years. The official Xinhua News Agency said 19 people were working in a mine in the southern province of Guizhou when an explosion ripped through the shaft early in the morning. There was no immediate word on the condition of the eight survivors. Xinhua said investigators are looking into the cause of the blast at the Songlin mine in the Guizhou town of Songhe. The mine's phone number wasn't listed and calls to government and work safety commission offices in Songhe, surrounding Pan county, and th

  • Asian shares meander as China data disappoints

    Updated: 1 hr ago

    TOKYO (AP) — Asian shares meandered Thursday as data showed a drop in Chinese industrial profits, but expectations for further stimulus moves from China and Europe helped to limit losses. KEEPING SCORE: South Korea's Kospi added 0.3 percent to 1,987.13 and Australia's S&P/ASX 200 was nearly unchanged at 5,398.30. Hong Kong's Hang Seng shed 0.5 percent to 23,995.28 and Japan's Nikkei 225 dropped 0.7 percent to 17,263.24. China's Shanghai Composite gained 0.5 percent to 2,617.13. Markets in Southeast Asia were mostly higher. CHINA STIMULUS: Mainland Chinese investors appeared to shrug off data showing weaker industrial profits. Interest rate cuts Friday by the Chinese central bank raised hopes Beijing will do more to prevent

  • Asian shares mostly higher on China stimulus hopes

    Updated: 3 hr ago

    TOKYO (AP) — Asian shares were mostly higher Thursday on hopes for more stimulus in China. Hong Kong's market was steady after the arrests of dozens of pro-democracy protesters as police acted on court orders to clear barricades from major streets. KEEPING SCORE: South Korea's Kospi added 0.3 percent to 1,986.93 and Australia's S&P/ASX 200 rose 0.1 percent to 5,401.70. Hong Kong's Hang Seng shed 0.2 percent to 24,072.19 and Japan's Nikkei 225 dropped 0.3 percent to 17,333.52. China's Shanghai Composite gained 0.7 percent to 2,622.14. Markets in Southeast Asia were mostly higher. CHINA STIMULUS: Investors appeared to shrug off data showing weaker industrial profits, as the markets kept their upward momentum following an inte

  • Major transmission line inches closer to service

    Updated: 8 hr ago

    ALBUQUERQUE, N.M. (AP) — The federal government is one step closer to approving a proposed $2 billion electric transmission line between Arizona and New Mexico that has become a priority for the Obama administration. The Bureau of Land Management this week released its environmental assessment of a compromise reached with the U.S. Defense Department over the 515-mile-long line's location. The review found there would be no significant effects from burying a portion of the line to avoid interfering with operations at White Sands Missile Range. Officials were initially concerned the high-voltage line could reduce testing operations at the remote range and ultimately threaten national security.

  • Illinois panel OK's electricity line proposal

    Updated: 8 hr ago

    ROCK ISLAND, Ill. (AP) — The Illinois Commerce Commission has approved plans to build an electricity line designed to bring wind energy from Iowa to the state. The panel unanimously OK'd the Rock Island Clean Line proposal Tuesday, ending a two-year review of the project, The (Moline) Dispatch and Sauk Valley media reported. "The ICC approval is a great step forward for the Rock Island Clean Line project and brings Illinois one step closer to creating a cleaner energy future," said Michael Skelly, president of Clean Line Energy Partners LLC. The route would take the line from Iowa through Rock Island, Whiteside, Henry, Bureau, LaSalle and Kendall counties to a $300 million converter station in Grundy County.

  • Firm hired to analyze ND's oil incident response

    Updated: 9 hr ago

    WILLISTON, N.D. (AP) — With more and more oil being carried by rail from North Dakota's oil fields, the state's Department of Emergency Services is hiring an emergency preparedness firm to analyze the state's ability to handle spills and accidents. The Department of Emergency Services has hired Witt O'Brien's LLC to examine North Dakota's readiness to deal with oil incidents. The report will include recommend for improvements. The report will look at roadway, pipeline and water accidents involving oil, but rail shipments will be the real focus, Department of Emergency Services Public Information Officer Cecily Fong said.

  • Dominion expresses concern over proposed EPA rules

    Updated: 9 hr ago

    RICHMOND, Va. (AP) — Virginia's largest electric company has told federal regulators that proposed federal regulations to cut carbon emissions from power plants are unfair to the state. Dominion submitted comments about the Clean Power Plan to the U.S. Environmental Protection Agency on Wednesday. The utility said the plan would impose unreasonable reductions on Virginia compared to other nearby states. The EPA's target rate of 810 pounds of carbon dioxide emitted per megawatt hour of electricity generated in Virginia is far lower than the 1,620 pounds in West Virginia and 1,763 in Kentucky. Dominion says those targets create an economic and competitive disadvantage to states like Virginia that have already significantly re

  • Wisconsin regulators approve electric increase

    Updated: 9 hr ago

    MADISON, Wis. (AP) — State regulators approved higher electric rates for tens of thousands of Dane County customers Wednesday, completing a trifecta of increases for electric consumers across Wisconsin heading into next year. The three-person Public Service Commission granted Madison Gas and Electric permission to raise its fixed monthly rates from $10.44 to $19 starting in 2015. The utility's proposal also calls for reducing its hourly usage rate by a few cents. The PSC estimates the changes taken together will mean typical residential customers who use 550 kilowatts per hour will see a $3 increase in their monthly bill. The commission also approved reducing MGE's natural gas rates by $2.

  • Several Oklahoma counties won't meet proposed smog standards, EPA says

    By Paul Monies, Business Writer | Published: Wed, Nov 26, 2014

    The Environmental Protection Agency said 16 Oklahoma counties were at risk for not meeting tougher standards proposed Wednesday for smog, also called ground-level ozone.

  • Dutch seek to harness energy from salt water mix

    Updated: 11 hr ago

    AMSTERDAM (AP) — Dutch researchers are seeking to add a new, largely untapped renewable energy source to the world's energy mix with the opening of a "Blue Energy" test facility on Wednesday. Blue energy takes advantage of the difference in salt concentration between sea water and fresh water to produce electricity. Rik Siebers of REDstack BV, the company overseeing the project, said the goal is to improve the technology to the point where it will be profitable to build blue energy plants commercially in the 2020s. Siebers said blue energy will one day have its own niche. "For wind turbines you need wind, and solar panels work in the day, but water is always flowing," he said in a telephone interview Wednesday.

  • Saudis suggest no need for OPEC output cut

    Updated: 14 hr ago

    VIENNA (AP) — Top OPEC producer Saudi Arabia suggested Wednesday there is no need for the cartel to cut its output ceiling despite a plunge in prices that has poorer members of the organization hurting. Saudi Oil Minister Ali Naimi told reporters he expects the oil market to eventually "stabilize itself." That suggests the Saudis, who effectively determine OPEC's production policy, will not back any calls for reducing output by other nations at Thursday's oil ministers' meeting. The global price of oil has fallen 32 percent since late June to $78 a barrel, from $115, amid booming shale production in the United States. That, and continued weakness in some major world economies, has led to supply outpacing demand.

  • Hungary looks to develop gas production

    Updated: 15 hr ago

    WARSAW, Poland (AP) — Hungary is looking to start extracting unconventional forms of natural gas in a bid to help Europe become less dependent on Russian energy imports, government official said Wednesday. Hungary's unconventional gas deposits are estimated at some 1,500 billion cubic meters — enough to supply all of Europe for three years — but they are deep and hard to access. Unconventional gas includes tight gas and shale gas. Both are difficult to extract because the gas is trapped in rocks, requiring deeper and more complex wells and technology.

  • White House veto threat shelves possible tax plan

    Updated: 15 hr ago

    WASHINGTON (AP) — A White House veto threat appears to have put on ice a congressional effort to permanently renew a handful of tax breaks for businesses and individuals. Officials say that the plan, brewing behind closed doors on Capitol Hill, favored corporations over the working class. The unusual veto threat came before the parameters of a potential agreement were even revealed. Speculation on Capitol Hill on Tuesday focused on a potential agreement to permanently enact tax breaks on business investments in new equipment and research and development as part of a plan that would renew dozens of expired tax breaks for businesses and individuals both.

  • 26 coal miners die in fire in north China mine

    Updated: 21 hr ago

    BEIJING (AP) — A fire sparked by underground tremors tore through a coal mine in northeastern China early Wednesday, killing 26 miners and leaving several others with life-threatening injuries, state media reported. Another 50 miners were injured in the disaster, which broke out in the complex run by the state-owned Fuxin Coal Corp. in Liaoning province, China's official Xinhua News Agency and state broadcaster CCTV said. Of those, 30 had serious burns, eight were in intensive care and four were still in danger of dying, Xinhua said. It said a minor earthquake caused sparks that ignited coal dust in the air, causing a blaze that ripped through the shaft shortly after 1 a.m.

  • Gasoline prices continue to fall in Oklahoma

    By Paul Monies, Business Writer | Published: Wed, Nov 26, 2014

    AAA Oklahoma said Thanksgiving drivers in the state will enjoy the lowest average prices since 2010.

  • Asia stocks rise after US growth revised higher

    Updated: Tue, Nov 25, 2014

    Asian stock markets mostly posted modest gains Wednesday as stronger U.S. growth was tempered by a less rosy outlook for China. KEEPING SCORE: Hong Kong's Hang Seng rose 0.1 percent to 23,868.35 and Australia's S&P/ASX 200 added 1 percent to 5,385.70. Japan's Nikkei 225 dropped 0.1 percent to 17,399.73 while China's Shanghai Composite rose 0.5 percent to 2,580.85. Seoul's Kospi inched up 0.1 percent to 1,982.62. US GROWTH: The U.S. economy grew at a solid 3.9 percent annual rate in the July-September period, faster than the 3.5 percent that was initially reported, underlining its status as the only major economy that is gathering momentum. The upward revision was due to higher estimates of spending by consumers and businesses

  • Regional haze plan for Texas would aid visibility at wildlife refuge in Oklahoma, EPA says

    By Paul Monies, Business Writer | Updated: Tue, Nov 25, 2014

    The Environmental Protection Agency said Monday a Texas plan to control emissions affecting visibility at national parks wasn’t good enough and proposed a federal plan instead. The Wichita Mountains Wildlife Refuge in southwestern Oklahoma are among the federal sites affected by Texas coal plants.

  • Bad weather could slow holiday travel in Dakotas

    Updated: Tue, Nov 25, 2014

    BISMARCK, N.D. (AP) — Bad weather began moving through the Dakotas on Tuesday, threatening to slow travel just as motorists hit the roads for Thanksgiving. As much as 5 inches of snow was expected in parts of the two states from an Alberta clipper system sweeping southeast out of Canada, according to the National Weather Service. "We've been keeping an eye on it for a couple of days," Adam Jones, a weather service meteorologist in Bismarck, said at dawn Tuesday. "Over the last 24 hours is when we really had increased confidence that there would be widespread accumulations." The Weather Service issued a winter weather advisory from central and southeast North Dakota into northeast South Dakota.

  • White House vows to kill deal to extend tax breaks

    Updated: Tue, Nov 25, 2014

    WASHINGTON (AP) — The White House is working feverishly to quickly scuttle a congressional effort to permanently renew generous tax breaks for businesses and individuals, saying a plan brewing on Capitol Hill favored corporations over the working class. Speculation on Capitol Hill on Tuesday focused on a potential agreement to permanently enact tax breaks on business investments in new equipment and research and development as part of a plan that would renew dozens of expired tax breaks for businesses and individuals both. The White House immediately weighed in with a veto threat, saying Congress should also make permanent a top Obama administration priority, extending more generous tax credits for the working poor and peop