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In gas drilling country, the honeymoon is over on royalties

gas drilling, royalties, Marcellus

WYALUSING, Pa. (AP) — Jan Brown pores over his royalty statement and wonders where all the money went. A few months ago, the nation’s second-largest natural gas producer siphoned $2,201 worth of gas from his 240-acre property — but paid him only $359 after taking deductions for transportation and processing. Brown, 59, who relies on the royalties as his sole ...

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Shareholders approve sale of Westar Energy to Great Plains

power lines, energy

TOPEKA, Kan. (AP) — Stockholders have overwhelmingly approved the $12.2 billion sale of Topeka-based electric company Westar Energy to Missouri-based Great Plains Energy, the two firms announced Monday. Westar is Kansas’ largest electric company, and after the acquisition, Great Plains would serve more than 1.5 million customers in the two states. The two companies say combining operations would result in ...

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Clinton, Trump poised for must-see debate showdown

presidential debate

HEMPSTEAD, N.Y. (AP) — With millions watching and the American presidency on the line, Hillary Clinton and Donald Trump are poised for a must-see showdown Monday night, pitting the Democrat’s call for steady, experienced leadership against the Republican’s pugnacious promises to upend Washington. The 90-minute televised debate comes six weeks before Election Day and with early voting already getting underway ...

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Your TV may use more energy than you think, group charges

TV, energy hog, energy waste

SAN FRANCISCO (AP) — An environmental group accused three major television manufacturers Wednesday of misleading consumers and regulators about how much energy their high-definition screens devour by designing them to draw less power during government testing than in ordinary use. The Natural Resources Defense Council concluded that the TVs made by Samsung, LG Electronics and Vizio saddle households with an ...

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Edwards defends contract with top fundraiser for legal work

Louisiana

BATON ROUGE, La. (AP) — Defending his administration’s legal contract with a top fundraiser, Gov. John Bel Edwards on Wednesday accused Louisiana’s attorney general of fabricating politically motivated reasons for rejecting the lawyer’s contract to represent the state in litigation against oil and gas companies over coastal wetland loss. Edwards said Attorney General Jeff Landry either doesn’t understand or is ...

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Paris Climate Change agreement passes key threshold

UNITED NATIONS (AP) — Thirty-one countries formally joined the Paris climate change pact Wednesday, bringing the total number of countries ratifying the treaty to 60 and raising hopes that it will enter into effect by the end of the year. The number is higher than the 55-country threshold needed for the treaty to enter into force. But because together those ...

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Settlement reached in damages from Exxon’s Yellowstone spill

Yellowstone River, oil spill, Montana

BILLINGS, Mont. (AP) — Exxon Mobil Corp. will pay $12 million for environmental damages caused by a pipeline break that spilled 63,000 gallons (238,474 liters) of crude into Montana’s Yellowstone River and prompted a national debate over lax pipeline safety rules, officials said Wednesday. The payment settles claims from the U.S. and state governments that the 2011 spill harmed natural ...

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Helis Oil & Gas halts St. Tammany Parish drilling project

NEW ORLEANS (AP) — Helis Oil & Gas Co. has abandoned its plans to drill in St. Tammany Parish. Following a lengthy review of the geologic, engineering and other data from its exploratory well in rural St. Tammany Parish, Helis has concluded that it will not proceed with further operations at the site northeast of Mandeville, the company said in ...

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US stocks mostly higher as banks rise before Fed meeting

stock markets, wall street, federal reserve

NEW YORK (AP) — U.S. stocks are slightly higher in indecisive trading Monday afternoon. Banks are gaining as investors wait for the Federal Reserve to meet this week, while health care companies take small losses. KEEPING SCORE: The Dow Jones industrial average rose 32 points, or 0.2 percent, to 18,156 as of 3:15 p.m. Eastern time. The Standard & Poor’s ...

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Buffett’s firm buys nearly 1 million more Phillips 66 shares

Berkshire Hathaway, Phillips 66

OMAHA, Neb. (AP) — Warren Buffett’s company has bought nearly 1 million more shares of oil refiner Phillips 66. Berkshire Hathaway said in a regulatory filing that it owned 80.67 million Phillips 66 shares after the latest purchases this week. Berkshire now controls 15.4 percent of Phillips 66 stock. Berkshire has been investing in Houston-based Phillips 66 since 2012. After ...

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