May 4, 2017 archive

Pruitt Says It Again—–Paris Climate Accord is a Bad Deal for U.S.

EPA Administrator Scott Pruitt says the President is close to a decision whether the U.S. will continue to take part in the controversial Paris environment accord, something President Trump has vowed to cancel. Interview on Fox Business on Wednesday, Pruitt, the former Oklahoma Attorney General repeated his assertion that the Paris climate agreement is a …

Continue reading »

About 2,500 Rural Electric Cooperative Customers Still Without Power from Weekend Panhandle Snow Storm

Much of the snow that fell in the weekend blizzard in the Oklahoma Panhandle is gone, but the power outages remain. However, Tri-County Electric Cooperative based in Hooker indicates progress in restoration of power has been quick. As of Thursday morning, the Cooperative reported 2,155 customers in Texas County still were without electrical power. Cimarron …

Continue reading »

Highway Work Suspended Till Budget is Fixed

With less than two weeks remaining in the legislative session and still no budget agreement, the State Transportation Commission decided this week to put the hold on new construction projects. “Suspending current highway construction due to a proposed reduction in state funding is not something ODOT has ever been faced with,but we are preparing for …

Continue reading »

Kansas Regulators Asked to Reconsider Denial of Great Plains Energy’s Purchase of Westar Energy

Two big energy companies in Kansas denied a merger by the Kansas Corporation Commission filed a Petition for Reconsideration on Thursday. Great Plains Energy and Westar Energy announced Thursday the petition had been filed after the KCC issued an order April 19 denying Great Plains Energy’s purchase of Westar. The two firms are asking the …

Continue reading »

Oklahoma Trespassing Laws Beefed Up Against Protesters

A bill born partially out of protests by environmentalists against oil and natural gas pipelines in North Dakota has been signed into law by Gov. Mary Fallin. House Bill 1123, authored by Rep. Scott Biggs, R-Chickasha, creates a new misdemeanor level and two new felony levels for trespassing. “This law isn’t about lost hunters or …

Continue reading »

No New Wind Farms Built in Oklahoma in 1st Q of 2017….But Kansas Saw Significant Growth

Kansas grabbed a lot of the headlines in this week’s release of the first quarter 2017 Market report from the American Wind Energy Association. The report showed Kansas finished behind only Texas in new wind installations during the quarter. Nearly 500 MW of new in-state capacity came online and the state will soon top 5,000 …

Continue reading »

Governor Says Gross Production Tax Hike is On the Table Along With Other Ideas

  “The fact is, you cannot lock up votes and say ‘unless you give me 100% of everything I want, I’m gonna take my toys and go home’, you just can’t do that.” It’s how Gov. Mary Fallin describes the growing battle between Republicans and Democrats in the legislature over how to resolve the state’s …

Continue reading »

Continental Reports Flat First Quarter Earnings

Oklahoma City-based Continental Resources, Inc. announced Wednesday that it had a net income of $0.47 million, or $0.00 per diluted share, during the first quarter of 2017. “Relative to 2017 guidance, we are ahead on production, under on CAPEX and expect to be at the top-end or better than our production guidance for the year,” said Harold Hamm, Continental’s Chairman …

Continue reading »

Williams Reports $373 Million in Net Income for First Quarter of 2017

Tulsa-based Williams is reporting net income of $373 million in the first quarter of 2017, which is sharply contrasted to last year’s net loss of $65 million reported just one year ago. The company said that’s an increase of $438 million. “Our consolidation of operating areas from five to three became effective in first-quarter 2017 – …

Continue reading »