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Iowa regulators approve Bakken pipeline permit

Iowa regulators approve Bakken pipeline permit

DES MOINES, Iowa (AP) — The last state permit needed for a pipeline that will carry a half-million barrels of crude oil daily from North Dakota to Illinois was approved Thursday by Iowa utilities regulators, who also gave the Texas-based company authority to use eminent domain for land that property owners are unwilling to voluntarily provide. The Iowa Utilities Board ...

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Oklahoma taps Rainy Day Fund for second consecutive year

Oklahoma State Capitol and flag. (Image: Nicolas Henderson via Flickr)

OKLAHOMA CITY (AP) — Oklahoma’s overcrowded prison system and stretched public school districts will receive $78 million from the state’s Rainy Day Fund under an emergency agreement among state Republicans leaders aimed at plugging a huge budget hole this fiscal year. It is the second consecutive year Oklahoma has tapped the fund reserved for extraordinary situations and follows a collapse ...

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New Mexico says oil company trespassed, left spill

SANTA FE, N.M. (AP) — New Mexico regulators are ordering a Midland, Texas-based company to clean a spill of oil and water on state trust lands in Lea County at a waste-water injection site serving the area’s oil and natural gas industry. The State Land Office on Wednesday accused Texas-based Siana Operating LLC of trespassing under an expired lease of ...

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US stocks rising as crude oil prices get lift

US stocks rising as crude oil prices get lift

NEW YORK (AP) — Stocks are turning higher in early trading Wednesday on strong earnings reports and a rise in crude oil prices. Several energy companies are rising sharply after getting a beat-down the day before. Oil-rig operator Transocean is up 5 percent. KEEPING SCORE: The Dow Jones industrial average rose 40 points, or 0.2 percent, to 17,004 as of ...

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Pemex says it has lines of credit to pay 1,300 vendors

Pemex says it has lines of credit to pay 1,300 vendors

MEXICO CITY (AP) — Mexican state-run oil company Petroleos Mexicanos says it has obtained lines of credit allowing it to pay 85 percent of its vendors, more than 1,300 businesses. Pemex said in a statement Tuesday that at the close of 2015 it had debt of $8.4 billion of which it has paid about $1.1 billion. Company director Jose Antonio ...

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Idaho House approves oil and gas regulation bill

Idaho House approves oil and gas regulation bill

BOISE, Idaho (AP) — The Idaho House on Monday approved legislation aimed at speeding up natural gas and oil production by changing the industry’s deadlines and decision-making process. Senate Bill 1339 would make the Idaho Department of Lands responsible for initial oil and gas decisions, while allowing the Oil and Gas Conservation Commission to oversee and reverse such decisions. It ...

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Chevron cuts spending budget again

gas, Chevron

NEW YORK (AP) — Chevron is cutting its spending budget by nearly 40 percent for 2017 and 2018 as it deals with plunging oil prices, a bigger cut in spending than it previously expected. The oil and gas company said Tuesday that it expects to spend between $17 billion and $22 billion on drilling and other projects in 2017 and ...

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US stocks pull back in afternoon trading as oil prices drop

oil prices drop on wall street

NEW YORK (AP) — Stocks are pulling back in late afternoon trading Tuesday as energy companies sink along with the price of crude oil. Murphy Oil plunged 15 percent and oil rig operator Transocean lost 9 percent. Traders were also discouraged by weak trade figures from China. KEEPING SCORE: The Dow Jones industrial average slipped 59 points, or 0.3 percent, ...

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Oklahoma regulators release plan to reduce temblors

Oklahoma regulators release plan to reduce temblors

TULSA, Okla. (AP) — State regulators are asking oil and gas producers in central Oklahoma to restrict wastewater disposal operations to help temper a sharp increase in the number and severity of earthquakes. Monday’s request covers more than 400 wells across 5,200 square miles. It comes after a similar directive in February covering nearly 250 wells in northwestern Oklahoma. Scientists ...

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Alaska administration didn’t pursue gas-to-liquids pitch

JUNEAU, Alaska (AP) — Gov. Bill Walker’s administration had a consultant evaluate a pitch to turn North Slope gas to gasoline and ship it through the trans-Alaska pipeline. But a Walker spokeswoman says the idea was scuttled because it didn’t pencil out. Spokeswoman Katie Marquette says the administration felt obligated to review the proposal since it had the potential to ...

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