Figures released Wednesday from the federal government show Oklahoma’s economy continued with its growth in the first quarter of the year, beating the national trend. And much of it is credited to the state’s resurgence in oil and gas activity. The real gross domestic product, GDP increased by 1.9% in Oklahoma while the national …
Oil prices finished at their highest level in nearly two months, buoyed by government data revealing a fourth straight week of domestic crude inventory declines, according to Bloomberg MarketWatch. On the New York Mercantile Exchange, September West Texas Intermediate crude rose 86 cents, or 1.8%, to settle at $48.75 a barrel. September Brent crude, the …
Tulsa-based Public Service Company of Oklahoma announced Wednesday that it will partner with Southwestern Electric Power Co. on the new Wind Catcher Energy Connection project in far northwest Oklahoma, according to a company press release. If approved by the Oklahoma Corporation Commission, the project may provide nearly 40 percent of power from wind for PSO …
Tulsa-based ONEOK, Inc. increased the energy midstream service provider’s quarterly dividend by 13 cents per share, or 21 percent, to 74.5 cents per share, resulting in an annualized dividend of $2.98 per share, according to a company press release issued on Wednesday. The dividend is payable on August 14, 2017, to shareholders of record at the close of business on August …
Oklahoma’s senior statesman, U.S. Senator Jim Inhofe, is co-sponsoring S. 1514, the Hunting Heritage and Environmental Legacy Preservation (HELP) for Wildlife Act. Introduced on June 29, 2017 by Senator John Barrasso (R-Wyoming), the bipartisan bill reauthorizes and establishes several government wildlife conservation programs and provides regulatory clarity for sportsmen. Inhofe’s amendment allows land-grant universities like …
Kansas-based Tallgrass Energy Partners, LP has completed nearly $350 million in strategic acquisitions by its terminals and water services businesses since May 2, according to a company press release issued on Wednesday. “Today’s announcements clearly demonstrate TEP’s expansive footprint and ability to grow through strategic and accretive acquisitions as well as through organic commercial development,” …
