Viking's rates are investigated
The Federal Energy Regulatory Commission has opened an investigation into rates charged by Viking Gas Transmission Co., which is owned by Tulsa-based ONEOK Partners LP. The investigation will determine whether Viking is charging its customers unreasonable rates. Viking transports natural gas coming from Canada to pipelines serving markets in North Dakota, Minnesota and Wisconsin. Its current rates were approved by the commission in a 2002 settlement.
Devon makes top 50 list
Devon Energy Corp. has been ranked as one of the country's top 50 most community-minded companies. The Oklahoma City oil and natural gas company was named to The Civic 50, which ranks S&P 500 companies on how they use their time, talent and resources to improve the quality of life in the communities where they do business. “We are pleased and proud to be recognized for our efforts to support the communities that surround our operations,” CEO John Richels said. “Our communities are important to us. We strive to be a good neighbor, and we're glad it shows.” Devon, which ranked No. 41, was the only Oklahoma company and only energy company on the list.
Anchor drilling opens facility
TULSA — Tulsa-based Anchor Drilling Fluids USA Inc. has opened the first permanent drilling fluids production facility in Ohio. The Wellsville, Ohio, facility will service the emerging Utica and Marcellus Shale plays. Anchor's products and engineering services are designed to reduce drilling costs and bring production online earlier.
Joint venture is set in Brazil
Texas-based well stimulation services provider FTS International is establishing a joint venture with PETRA Energia S.A. in Brazil. FTS Brazil is expected to commence operations in 2013 with its headquarters in Rio de Janeiro. It also will have field operations throughout the country, providing well completion products and services for conventional and unconventional oil and natural gas wells in Brazil. Oklahoma City-based Chesapeake Energy Corp. owns about 30 percent of FTS International.
Keystone pressure picks up
OMAHA, Neb. — The fight over a proposed pipeline to transport crude oil from Canada to Gulf Coast refineries is picking up again as groups urge President Barack Obama to either approve or reject the pipeline. The American Petroleum Institute held a conference call with reporters Thursday to emphasize the virtues of the Keystone XL pipeline that TransCanada wants to build. Spokesman Marty Durbin says Obama should approve the pipeline as soon as possible to boost the economy.
From staff and wire reports