• Maine city vote effectively bans tar sands oil

    Updated: Tue, Jul 22, 2014

    SOUTH PORTLAND, Maine (AP) — Operators of a pipeline and the president of the Maine Energy Marketers Association are blasting a decision by the South Portland City Council that bans the transfer of crude oil onto ocean tankers. Councilors voted 6-1 Monday night in favor of zoning changes that would effectively end any attempt to bring so-called tar sands oil from western Canada through a pipeline from Canada to South Portland. Environmentalists say tar sands oil is difficult to clean if spilled and dangerous to ship. Tom Hardison from the Portland Pipe Line said councilors made a rush to judgment and bowed to environmental "extremists.

  • 4 farms selected to produce energy for utility

    Updated: Tue, Jul 22, 2014

    JACKSON, Mich. (AP) — Four Michigan farms have been selected to produce electricity for a utility using biodegradable material in anaerobic digesters. Jackson-based CMS Energy Corp. announced the plans Tuesday, saying it's a part of an effort to diversify the use of renewable energy by Consumers Energy. The utility says Beaver Creek Farms in Coopersville, Brook View Dairy in Freeport, Green Meadow Farms in Elsie and Scenic View Dairy in Fennville were selected. They could generate electricity under contracts that collectively provide 2.6 megawatts of capacity. Consumers Energy says that could power about 2,800 homes. The utility worked with Michigan State University and others to develop the program.

  • US nuclear regulator looks to reposition staff

    Updated: Mon, Jul 21, 2014

    ATLANTA (AP) — U.S. nuclear regulators may need to shuffle staff as fewer nuclear plants are built and financial pressures prompt utilities to shutter existing plants, U.S. Nuclear Regulatory Commission Chair Allison Macfarlane said Monday. Macfarlane said NRC officials are in the early stages of researching how to reposition its roughly 3,800-member workforce as the industry's outlook changes. A recommendation is due in early 2015. Expectations for the U.S. nuclear industry have radically shifted. Just six years ago, electric utility companies proposed building 26 reactors at 17 power plants spread across the United States. Instead, natural gas prices hit record lows, making it significantly cheaper to build gas-fired plan

  • In North Dakota, oil bonanza leaves natural gas going up in smoke

    By Paresh Dave, Los Angeles Times | Published: Mon, Jul 21, 2014

    The rapid escalation of energy production in shale formations across the U.S. has produced a bonanza of oil, but it has left many states scrambling to handle the natural gas that often flows in large volumes along with the crude. Gas pipeline construction often lags behind the development of new wells, and the result is that billions of dollars’ worth of gas that might be warming homes or fueling power plants is going up in smoke.

  • Companies file export application for gas project

    Updated: Mon, Jul 21, 2014

    JUNEAU, Alaska (AP) — The companies pursuing a major liquefied natural gas project in Alaska have applied for an export license with the U.S. Department of Energy. Securing the authorization is seen as critical for the viability of the mega-project, which the companies say would be the largest of its kind ever designed and built. The filing was made Friday, but it was announced by the companies on Monday. Participants in the project include BP, ConocoPhillips, Exxon Mobil Corp., TransCanada Corp. and the Alaska Gasline Development Corp. The application requests authorization to export up to 20 million metric tons of liquefied natural gas a year for 30 years. It seeks to export to countries with which the U.S.

  • Executive Q&A: CEO excited about new energy company

    By Jay F. Marks, Business Writer | Updated: Sat, Jul 19, 2014

    Jerry Winchester, a Dickson native, returned to Oklahoma in 2012 to lead the Chesapeake subsidiary destined to stand on its own. It took longer than expected because of Chesapeake’s transition, with new leadership, to a more focused oil and natural gas producer.

  • Eagle & Beagle for July 20, 2014.

    Published: Sun, Jul 20, 2014

    Don Mecoy: Eagle & Beagle is a weekly look at Oklahoma’s high-performing (eagle) and low-performing (beagle) stocks.

  • Oil and gas, livestock prices for July 19

    Published: Sat, Jul 19, 2014

    OIL AND GAS PRICES Oklahoma crude oil prices as of 5 p.m. Friday: Oklahoma Sweet: Sunoco Inc. — $99.75 Oklahoma Sour: Sunoco Inc. — $87.75 Oklahoma oil and gas drilling activity posted July 1: COMPLETION Alfalfa: D & J Oil Co. Inc.; Frank No. 1-28 Well; C SE1/4 SE1/4 SE1/4 of 28-27N-09W; 143,000 cu-ft gas per day, 7 barrels oil per day; TD 6,173. Beckham: Apache Corp.; Deal No. 5-11-21 No. 1H Well; NE1/4 NW1/4 NE1/4 NE1/4 (BHL) of 05-11N-21W; 210 barrels oil per day, 4,386,000 cu-ft gas per day; TD 17,497. Grady: Continental Resources Inc.; Birt No. 1-13H Well; SE1/4 SW1/4 SW1/4 SW1/4 (SL) of 13-07N-06W; 439 barrels oil per day, 507,000 cu-ft gas per day; TD

  • Fracking bans unlikely in Oklahoma, observers say

    By Jay F. Marks, Business Writer | Updated: Fri, Jul 18, 2014

    Oklahoma cities can regulate activities within their borders, but observers say any ban on hydraulic fracturing in the state is unlikely.

  • Oil, gas seismic surveys get OK along Eastern seaboard

    By JASON DEAREN, Associated Press | Published: Fri, Jul 18, 2014

    The Obama administration is reopening the Eastern seaboard to offshore oil and gas exploration, approving seismic surveys using sonic cannons that can pinpoint energy deposits deep beneath the ocean floor.

  • Fuel efficiency standards lead to high-tech improvements

    By Adam Wilmoth, Energy Editor | Updated: Fri, Jul 18, 2014

    The number of electric vehicles, plug-in hybrids and vehicles that run on natural gas and diesel on the road have grown in recent years and are expected to continue to increase. But standard gasoline vehicles are still expected to represent almost 80 percent of new sales in 2025 and 78 percent in 2040, according to a U.S. Energy Information Administration report.

  • Aubrey McClendon selected to manage second energy investment firm

    By Paul Monies, Business Writer | Published: Fri, Jul 18, 2014

    Oklahoma City’s Aubrey McClendon is teaming up with another group of real estate investors to buy oil and gas assets. Energy 11 LP of Fort Worth, Texas, filed paperwork Thursday to raise up to $2 billion.

  • Geopolitical turmoil sends oil prices above $103.

    By The Associated Press | Published: Fri, Jul 18, 2014

    The price of oil rose 2 percent Thursday on lower U.S. inventories and concerns that geopolitical tensions could disrupt global supplies.

  • Oil and gas prices for July 18

    Updated: Thu, Jul 17, 2014

    OIL AND GAS PRICES Oklahoma crude oil prices as of 5 p.m. Thursday: Oklahoma Sweet: Sunoco Inc. — $99.75 Oklahoma Sour: Sunoco Inc. — $87.75 Oklahoma oil and gas drilling activity posted June 30: COMPLETION Carter: Mack Energy Co.; Wildcat Jim Penn Unit No. 183 Well; C W1/2 SE1/4 NW1/4 of 31-01S-02W; 4 barrels oil per day, 30,000 cu-ft gas per day; TD 3,300. Mack Energy Co.; Wildcat Jim Penn Unit No. 183 Well; C W1/2 SE1/4 NW1/4 of 31-01S-02W; 4 barrels oil per day, 30,000 cu-ft gas per day; TD 3,300. Custer: Sanguine Gas Exploration LLC; Lealon No. 1-28H Well; NE1/4 NE1/4 NW1/4 NE1/4 (BHL) of 28-15N-16W; 139 barrels oil per day, 71,000 cu-ft gas per day; TD

  • Oklahoma energy briefs for July 18, 2014

    Published: Thu, Jul 17, 2014

    Oklahoma energy briefs for July 18, 2014

  • Oklahoma Gas and Electric Co. tops J.D. Power customer satisfaction rankings in region for second year

    By Paul Monies, Business Writer | Updated: Thu, Jul 17, 2014

    J.D. Power ranked Oklahoma Gas and Electric Co. No. 1 in the south region among large electric utilities in its latest report on customer satisfaction. Public Service Co. Oklahoma came in at No. 23 among medium-size electric utilities.

  • Oil and gas, livestock prices for July 17

    Published: Thu, Jul 17, 2014

    OIL AND GAS PRICES Oklahoma crude oil prices as of 5 p.m. Wednesday: Oklahoma Sweet: Sunoco Inc. — $97.75 Oklahoma Sour: Sunoco Inc. — $85.75 Oklahoma oil and gas drilling activity posted June 27: COMPLETION Alfalfa: Chesapeake Operating Inc.; Jett 4-25-10 No. 1H Well; N1/2 N1/2 NE1/4 NW1/4 (SL) of 04-25N-10W; 2,218,000 cu-ft gas per day, 38 barrels oil per day; TD 10,320. Chesapeake Operating Inc.; Marcum Farms 31-27-12 No. 1H Well; N1/2 N1/2 NE1/4 NE1/4 (SL) of 31-27N-12W; 2,391,000 cu-ft gas per day, 53 barrels oil per day; TD 10,220. Garfield: Plymouth Exploration LLC; Cline No. 1-4H Well; N1/2 NE1/4 NW1/4 NW1/4 (SL) of 04-24N-05W; 29 barrels oil per day, 562,000 cu-ft

  • Oklahoma business briefs for July 17

    Published: Thu, Jul 17, 2014

    Oklahoma business briefs for July 17, 2014

  • Proposed oil refinery rules prompt comments at California hearing

    By JOHN ROGERS, Associated Press | Published: Thu, Jul 17, 2014

    Residents of modest neighborhoods near three of the largest oil refineries in California called on the Environmental Protection Agency on Wednesday to crack down on plant emissions, saying the pollution is choking their children and endangering their health.

  • North Texas city rejects partial fracking ban

    By EMILY SCHMALL, Associated Press | Published: Wed, Jul 16, 2014

    The council governing Denton, Texas, rejected a bid Wednesday morning to ban further permitting of hydraulic fracturing in the community after eight hours of public testimony.