Pipeline construction to begin
Glass Mountain Pipeline LLC will begin construction this summer on a 210-mile crude oil pipeline between western Oklahoma and the storage hub at Cushing. The company is a joint venture formed by subsidiaries of SemGroup Corp. and Chesapeake Energy Corp. and commodity management firm Gavilon LLC. Chesapeake has signed off on a long-term transportation agreement with Glass Mountain Pipeline to help get the pipeline built. The new line will be operated by SemGroup subsidiary Rose Rock Midstream LP.
Acciona opens 3rd state wind farm
Acciona Energy North America said it has begun commercial operations of its 132-megawatt wind farm in western Oklahoma. The wind farm, which sits across almost 11,000 acres in Roger Mills and Beckham counties, has been renamed the Big Smile Wind Farm at Dempsey Ridge. It is Acciona's third wind farm in Oklahoma. The “big smile” name honors an Acciona employee, Jen Koop-Krass, 35, who died from ovarian cancer last year. The company will host an open house at the 66-turbine wind farm, including tours and activities for children, from 3 to 6 p.m. May 17. For more information, call (312) 673-3021.
Firms rank among biggest in U.S.
Four Oklahoma energy companies again landed among Fortune's annual ranking of the country' 500 largest companies, released Monday. Tulsa-based ONEOK Inc. claimed the state's highest ranking at No. 175 with revenues of $15.1 billion in 2011. The company improved from last year's ranking of No. 209. Oklahoma City-based Chesapeake Energy Corp. jumped into second among Oklahoma companies at No. 229 overall with $11.6 billion in revenue. Chesapeake improved from No. 263 overall and fourth in Oklahoma last year. Oklahoma City's Devon Energy Corp. settled at No. 232 with $11.5 billion in revenue, slipping one notch from No. 231 one year ago. Tulsa-based Williams Cos. Inc. rounded out the Oklahoma companies on the list at No. 325 with revenue of $7.93 million, dropping from 257 on last year's list.