While the Oklahoma legislature has voted to strip the wind industry of tax credits it bestowed on wind farms several years ago, the State House has okayed continuation of a $5,000 tax credit for aerospace engineers. House Bill 1839 by Rep. Leslie Osborn (R-OKC) would cost the tax $7 million but she argued during House …
Oklahoma City-based Mammoth Energy Services Inc. announced Tuesday that it will acquire Sturgeon Acquisitions, LLC, Stingray Energy Services, LLC and Stingray Cementing, LLC for seven million shares of Mammoth common stock. The deal is worth over $133 million, according to a company press release. “In keeping with the plan initially outlined at the time of …
Oil prices dropped on Tuesday ahead of the release of weekly government data expected to reveal a rise in domestic crude supplies, according to Bloomberg MarketWatch. April West Texas Intermediate crude declined by 88 cents, or 1.8%, to settle at $47.34 a barrel on the New York Mercantile Exchange. The contract, which expired at the settlement, …
