• Energy companies lead quarter's best-, worst-performing stocks

    By Adam Wilmoth Energy Editor awilmoth@oklahoman.com | Updated: Fri, Jul 3, 2015

    While the price of oil has improved a bit, it's been stuck in a narrow range for much for the past six weeks, and the price of natural gas continues to languish seven years into a bear market. As a result, energy companies claimed all of the three best-performing and three worst-performing Oklahoma stocks in the second quarter.

  • Regulators pass higher electricity rates for most residents

    Updated: Fri, Jul 3, 2015

    SAN FRANCISCO (AP) — Most California residential customers will see their electricity bills increase under a new rate structure passed Friday that raises rates on more efficient users while giving a break to big energy users. The Public Utilities Commission unanimously approved the plan, which applies to the 75 percent of residential customers who get their electricity from Southern California Edison, Pacific Gas & Electric Co. and San Diego Gas & Electric Co. The investor-owned utilities serve more than 30 million people through more than 10 million accounts. It is the first overhaul of the rate system since brownouts roiled California 15 years ago.

  • Solar plane lands in Hawaii after record-breaking flight

    Updated: Fri, Jul 3, 2015

    KAPOLEI, Hawaii (AP) — A plane powered by the sun's rays landed in Hawaii Friday after a record-breaking five-day journey across the Pacific Ocean from Japan. Pilot Andre Borschberg and his single-seat aircraft landed at Kalaeloa, a small airport outside Honolulu. His nearly 118-hour voyage from Nagoya broke the record for the world's longest nonstop solo flight, his team said. The late U.S. adventurer Steve Fossett set the previous record of 76 hours when he flew a specially-designed jet around the globe in 2006. But Borschberg flew the Solar Impulse 2 without fuel. Instead, its wings were equipped with 17,000 solar cells that powered propellers and charged batteries. The plane ran on stored energy at night.

  • California regulators approve higher electricity rates for most customers

    Updated: Fri, Jul 3, 2015

    SAN FRANCISCO (AP) — California regulators approve higher electricity rates for most customers.

  • World stocks drift lower ahead of Greek vote; China plunges

    Updated: Fri, Jul 3, 2015

    World stock markets mostly drifted lower Friday ahead of Greece's weekend referendum, while China's main stock benchmark plunged as government efforts failed to reassure panicky investors. KEEPING SCORE: European stocks were mixed, with France's CAC 40 falling 0.6 percent to close at 4,808.22. Germany's DAX dropped 0.4 percent to 11,058.39. Britain's FTSE 100 declined 0.7 percent to 6,585.78. U.S. markets were closed in observance of Independence Day. GREECE VOTES: Investors are awaiting the outcome of a weekend referendum in Greece on whether to accept more budget cuts in exchange for new bailout loans.

  • Green movement coloring way sports looks at environment

    Updated: Fri, Jul 3, 2015

    CHICAGO (AP) — Andrew Ference was at the beginning of his NHL career when he met Dr. David Suzuki, who hosts a TV show in Canada. The conversation with the award-winning scientist changed the life of the young defenseman. Ference told Suzuki about all the ways he's environmentally responsible at home. The famous environmentalist responded with a shrug. "I was really patting myself on the back, and he just kind of looked at me and said 'So what?'" Ference recalled. "He's like 'Are you telling anybody about it? Are you inspiring other people to do it? Here you are, a hockey player in Canada and you have such an opportunity to stand for something good. I mean what do you do?' And I didn't have an answer.

  • OSU-IT's energy technology unit relaunches with new school

    By Paul Monies Business Writer pmonies@oklahoman.com | Updated: Fri, Jul 3, 2015

    Oklahoma State University Institute of Technology has reorganized several energy programs into a School of Energy Technologies. Three programs at the university — Power Plant Technologies, Pipeline Integrity Technology and Natural Gas Compression — will be part of the new school.

  • Gasoline thefts in Mexico result in shortages at the pump

    Updated: Fri, Jul 3, 2015

    MEXICO CITY (AP) — Mexico's state oil company says it is working to resupply gas stations in several states after days of shortages caused by an increase in fuel thefts from pipelines. Petroleos Mexicanos said in a statement Thursday that its trucks are hauling fuel to stations 24 hours a day in an effort to stem shortages in the state of Nuevo Leon. In statements earlier this week, Pemex blamed illegal taps of five different fuel pipelines for the shortages affecting several northern and western states. It said it had ordered additional gasoline imports to make up the difference. The shortages affect major urban areas including Guadalajara, Monterrey and Saltillo.

  • Lawsuits challenge railroad's authority to OK oil pipeline

    Updated: Fri, Jul 3, 2015

    OMAHA, Neb. (AP) — The U.S. government began handing out land to railroads to encourage development more than 150 years ago, but questions remain about how much control those companies have over the land. Union Pacific faces several lawsuits related to whether it had the authority to allow an oil pipeline to be built along its tracks in six states and who is entitled to the royalties that are worth more than $14 million a year. University of Florida law professor Danaya Wright says sorting out whether Union Pacific controls the land might require a detailed review to determine whether the railroad bought the land or received it as part of a federal grant. Union Pacific plans to defend itself against the lawsuits.

  • Radioactivity detected in 2 places at Czech nuclear plant

    Updated: Fri, Jul 3, 2015

    PRAGUE (AP) — An official says low radioactivity has been unexpectedly detected in two places outside one of the two reactors at a Czech nuclear power plant. Temelin plant spokesman Marek Svitak says the radioactivity was at very low levels and poses no safety threat. The reactor where radioactivity was detected is currently shut down for planned maintenance. Svitak said Friday the Czech nuclear authority and authorities in nearby Austria have been informed. Environmentalists in Austria have demanded that the plant be closed because of security concerns, but Czech authorities insist it is safe.

  • Board to review Atlantic City Electric's storm response

    Updated: Fri, Jul 3, 2015

    TRENTON, N.J. (AP) — New Jersey's Board of Public Utilities is reviewing Atlantic City Electric's response to a recent power failure that affected about 280,000 people. The review comes after lawmakers wrote the agency to complain about the utility's response to the storm. But a spokesman for the board tells NJ.com (http://bit.ly/1Kxuwu8) such a review is standard protocol. A spokesman for the utility says the company will perform its own internal review and will work with the state agency to address any questions. Atlantic City Electric spokesman Frank Tedesco said the utility restored power to more than 100,000 customers within a day of the storm and had 1,600 personnel in the field to address the failure.

  • Camping ban eased on some WMAs in oil patch for holiday

    Updated: Fri, Jul 3, 2015

    BISMARCK, N.D. (AP) — North Dakota's Game and Fish Department is lifting an overnight camping ban on Tuesday and Wednesday for some wildlife management areas in the western oil path next week due to the Fourth of July holiday. The camping restrictions are aimed at people who take shelter in the areas because of a housing shortage in the region. Camping still is prohibited every day of the week at some wildlife management areas. Details can be found at www.gf.nd.gov .

  • Let's make a deal: mega-mergers drive M&A frenzy

    Updated: Fri, Jul 3, 2015

    NEW YORK (AP) — Deal makers from New York to London had a busy first half of the year, and mega-mergers drove the frenzy. Companies around the world announced mergers and acquisitions worth $2.3 trillion, according to figures from data provider Dealogic, the second-best half-year total on record and the highest amount since 2007, when $2.6 trillion of deals were announced. The tie-ups included 31 deals worth $10 billion or more, accounting for 39 percent of the total. That's the largest share since the second half of 1999, at the peak of the dot-com bubble. The second half of the year is also off to a hot start, with a $37 billion deal by Aetna Inc. to buy fellow insurer Humana Inc. announced early Friday.

  • BP to pay record $18.7 billion to states affected by spill

    Updated: Fri, Jul 3, 2015

    NEW ORLEANS (AP) — More than five years after the worst offshore oil spill in U.S. history, BP is preparing to pay a record $18.7 billion to affected states. The oil giant hopes the settlement announced Thursday will bring an end to a long-running legal drama. The company said the settlement would bring its full obligations to an estimated $53.8 billion. The new settlement will be paid out over 18 years. The Deepwater Horizon disaster in April 2010 killed 11 rig workers and spewed millions of gallons of crude across the Gulf Coast. The Justice Department said the agreement would be the largest environmental settlement in U.S. history. It must still go through a public comments period and be approved by a j

  • NY environmental groups pushing solar installations

    Updated: Fri, Jul 3, 2015

    ALBANY, N.Y. (AP) — Environmental groups along the Southern Tier and Hudson Valley say they are launching campaigns this month to help homeowners and small businesses add solar energy installations using financial incentives. Organizers say the campaigns are supported by nonprofit Renewable-NY with funding from the New York State Energy Research and Development Authority. They say group-purchase discounts, ranging from 10 to 20 percent, are available that expire this fall. Southern Tier Solar Works is aimed at Broome, Tioga, Chenango, Delaware, Otsego and Steuben counties. In the Hudson Valley, Solarize Goshen, Warwick, Woodstock, Beacon and Rosendale is rolling out a similar campaign. Other regions have s

  • China stocks extend rout; Greece weighs on Asia sentiment

    Updated: Fri, Jul 3, 2015

    HONG KONG (AP) — China's main stock benchmark plunged as much as 7 percent Friday as government stabilizing measures failed to reassure panicky investors while other Asian indexes fell ahead of Greece's weekend austerity referendum. KEEPING SCORE: The Shanghai Composite Index in mainland China tumbled as much as 7 percent in morning trading but losses moderated by the afternoon, when it was down 3.2 percent to 3,787.91, putting it on track to end the week 16 percent lower. Hong Kong's Hang Seng lost 0.1 percent to 26,249.27 while Japan's Nikkei 225 edged up 0.1 percent to 20,546.92. South Korea's Kospi slipped 0.1 percent to 2,105.95 and Australia's S&P/ASX 200 retreated 1.2 percent to 5,534.50.

  • Oklahoma City Board of Adjustment approves drilling plan for far southwest portion of metro

    BY ADAM WILMOTH Energy Editor awilmoth@oklahoman.com | Published: Fri, Jul 3, 2015

    The Oklahoma City Board of Adjustment on Thursday approved a plan that could allow 12 horizontal oil and natural gas wells to be drilled in far southwest Oklahoma City, despite heated debate by residents.

  • OIL AND GAS PRICES FOR JULY 3

    Published: Fri, Jul 3, 2015

    OIL AND GAS PRICES Oklahoma crude oil prices as of 5 p.m. Thursday: Oklahoma Sweet: Sunoco Inc. — $53.50 Oklahoma Sour: Sunoco Inc. — $41.50 Oklahoma oil and gas drilling activity posted June 18: COMPLETION Alfalfa: SandRidge Exploration & Production LLC; Raymond 2809 No. 2-20H Well; SE1/4 SE1/4 SW1/4 SW1/4 (SL) of 17-28N-09W; 250 barrels oil per day, 718,000 cu-ft gas per day; TD 10,485. Garfield: SandRidge Exploration & Production LLC; Bowen Feedlot 2407 No. 2-5H Well; NW1/4 NW1/4 NE1/4 NE1/4 of 05-24N-07W; 69 barrels oil per day, 732,000 cu-ft gas per day; TD 10,576. SandRidge Exploration & Production LLC; Shauna 2407 No.

  • Sluggish oil prices continue to be a drag on Oklahoma's economy, official says

    By Rick M. Green Capitol Bureau rmgreen@oklahoman.com | Published: Fri, Jul 3, 2015

    Depressed oil and natural gas prices remained a drag on Oklahoma's economy, with gross production taxes down more than $43 million from last year.

  • Plugging In briefs

    Published: Fri, Jul 3, 2015

    Plugging In business briefs for July 3, 2015




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