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The price of oil is falling after TransCanada reaffirmed plans to restart a pipeline this weekend that carries crude from Canada to the Midwest. TransCanada closed the 2,100- mile pipeline Wednesday after tests showed possible safety issues.
OKLAHOMA CITY-- Oklahoma's chief auditor says he's found a lack of financial safeguards at the Commission on Marginally Producing Oil and Gas Wells. Auditor and Inspector Gary Jones says an operational audit released Thursday cites the agency for not implementing a system of checks and balances to safeguard public assets.
In a scene reminiscent of the Dust Bowl days, choking dust suspended on strong wind gusts shrouded Interstate 35, which links Dallas and Oklahoma City to Kansas City, Mo. Video from television station helicopters showed the four-lane highway virtually disappearing into billowing dust on the harsh landscape near Blackwell, plus dozens of vehicles scattered in the median and on the shoulders.
KANSAS CITY, Mo.-- TransCanada Corp. has temporarily shut down its existing 2,100- mile Keystone pipeline after tests showed possible safety issues, a federal agency said Thursday.
SEATTLE-- King County Executive Dow Constantine and Seattle Mayor Mike McGinn signed legislation Tuesday on the funding plan for construction of an arena that could be used to lure the NBA back to Seattle. Other investors include Microsoft Chief Executive Steve Ballmer and two members of the Nordstrom department store family.
OKLAHOMA CITY-- The average price of gasoline is down nearly 10 cents per gallon across Oklahoma. AAA Oklahoma reported Tuesday that the average price for a gallon of self-serve unleaded gas is just more than $3.53 per gallon _ compared to $3.63 per gallon last week.
SUMNER, Texas-- Oil has long lived in harmony with farmland and cattle across the Texas landscape, a symbiosis nurtured by generations and built on an unspoken honor code that allowed agriculture to thrive while oil was extracted. In the minds of some landowners approached by TransCanada for land, the company has broken the code.
OKLAHOMA CITY-- A second man who was injured in an explosion at an Oklahoma oil refinery has died. A University of Oklahoma Medical Center spokesman says Russell Mann of Davis died Tuesday at the Oklahoma City hospital.
NEW YORK-- Shares of Sonic Corp. advanced Wednesday after the company said its net income rose 18 percent in its fiscal fourth quarter, helped by tighter cost controls at its drive-in restaurants. THE SPARK: The Oklahoma City company's earnings beat Wall Street expectations.
NEW YORK-- Sonic Corp. said Tuesday that its net income rose 18 percent in its fiscal fourth quarter despite a slight drop in revenue, partly because of lower sales at company drive-in restaurants. The Oklahoma City company's results beat Wall Street expectations and its shares rose nearly 3 percent in after-hours trading.
SEATTLE-- The King County Council and the Seattle City Council gave their final approval Monday to an agreement to build a $490 million basketball and hockey arena in the city, despite the threat of a lawsuit from longshore workers. Mayor Mike McGinn called the votes important steps toward bringing professional men's basketball back to Seattle.
OKLAHOMA CITY-- Oklahoma Attorney General Scott Pruitt has presented the first homeowner check in connection with the state's $18.6 million settlement with the nation's largest lenders.
Light synthetic crude for November delivery last sold for $3.90 a barrel over benchmark West Texas Intermediate, compared with $4.25 a barrel over WTI on Thursday, according to Shorcan Energy Brokers. November Western Canada Select heavy blend was quoted at $14.75 a barrel under WTI, a 10 cent deeper discount on the day.
OKLAHOMA CITY-- Oklahoma-based Devon Energy Corp. says it will close its office in Houston and transfer operations to Oklahoma City. The oil and gas company has about 500 employees in its Houston office, which now serves as the operations center for Devon's oil and natural gas fields in south and east Texas and Louisiana.
--U.S. oil and gas exploration and production company Gulfport Energy Corp.. plans to issue $250 million of senior unsecured notes. Rating Action On Oct. 11, 2012, Standard& Poor's Ratings Services assigned its' B-' corporate credit rating to Oklahoma City- based Gulfport Energy Corp..
CALGARY, Alberta, Oct 11- Canadian cash crude prices weakened on Thursday with some refineries and processing units in Canada and the United States going off line for maintenance.
When the stay-at-home mom and her family visited New York from their home in Germantown, Md., they joined the crowd of fans outside the NBC morning show's Rockefeller Center studio.
NEW YORK, Oct 11- U.S. crude oil stocks rose last week while distillate inventories fell more sharply than forecast, government data showed on Thursday. Domestic stocks of crude rose by 1.67 million barrels in the week to Oct. 5, the Energy Information Administration reported, as imports rose.
Oct 11- Devon Energy Corp:. *Will close its office in Houston. *Reorganization charges are expected to approximate $125 million, with $100.
By David Sheppard NEW YORK, Oct 11------- API------------ EIA----- Stocks Change Change Stocks Change Change 10/05/12 from from 10/05/12 from from pvs wk yr-ago pvs wk yr-ago Crude 364.6 1.6 24.1 366.4 1.7 28.7 Distillate 120.8 -6.2 -31.1 120.9 -3.2 -33.1 Gasoline 200.3 2.5 -10.9 195.4 -0.5 -14.2 Heating oil 27.5 -0.5 -11.7 25.8 -1.6 -13.5 RFG gasoline 0.1 0.0 -0.9 0.1 0.0 -0.1 Kerosene 42.6 -1.2 -4.3 44.1 -0.3 -2.7 Crude runs 14.7 -0.2 0.4 14.7 -0.1 0.2.