May 10, 2018 archive

Special Corporation Commission Meeting on Empire Electric Switching from Coal to Wind

The Oklahoma Corporation Commission has set a special meeting for May 22 regarding a proposed $325 million customer savings plan as part of an effort by Missouri-based Empire District electric Company to shut down a coal-fired power plant and replace it with wind power. In the cause No. PUD 201700471, the hearing will be held …

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Choctaw Tribe Picked for FAA Drone Pilot Program

Oklahoma’s Choctaw Nation is one of ten groups picked by the U.S. Transportation Department to carry out an FAA drone testing program for the next three years. Choctaw chief Gary Batton was one hand in Washington this week, shaking hands with Transportation Secretar ElaineChao after she made the announcement. “We realize that this technology has …

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Inhofe Takes Part in Senate Water Hearing

Oklahoma U.S. Sen. Jim Inhofe’s attention was on ‘water’ this week as he took part in a hearing by the Senate Committee on Environment and Public Works. He had an opportunity to question Dennis Sternberg, Executive Director of the Arkansas Rural Water Association; Kristina Swallow who is President of the American Society of Civil Engineers; …

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Tulsa’s Samson Resources Makes $44 million sale of holdings in Wyoming

Tulsa’s Samson Resources II, LLC announced this week it is divesting some of its Wyoming holdings in a $44.4 million cash deal as well as 15,000 net acres. The divestiture involves holdings in Converse County, Wyoming. The buyer was not disclosed. But the land to be received by Samson Resources includes all depths below the …

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Cash Dividend Declared by Owner of Tulsa Refinery

A 33-cent per share cash divided for shareholders of HollyFrontier operations was announced by the Corporation this week. It will be payable on June 14 to holders of record of common stock on May 23, 2018. The Dallas-based company owns a 125,000 barrels per stream day refinery in Tulsa as well as a refinery in …

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Fracking Completions Result in More Profits for Cactus Inc.

Known as a leading manufacturer of wellheads and pressure control equipment in the U.S., Houston-based Cactus, Inc. reported an increase of nearly 10 percent as its first quarter revenues totaled $115.1 million. It also generated net income of $26.4 million and generated cash flow from operations of $38.6 million. Its adjusted earnings before interest, depreciation …

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Midstates Petroleum Still Open To Merger with SandRidge Energy

Tulsa-based Midstates Petroleum’s first quarter 2018 results showed $4 million in net income and adjusted income before interest, taxes, depreciation and amortization of $29.7 million The company also said it grew its Mississippian Lime production to nearly 18,000 barrels of oil a day in May and achieved total company production of 19,235 boepd in the …

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Wind Catcher Project Wins Approval in Arkansas

While PSO’s been hit with opposition in two counties for its massive “Wind Catcher” wind farm and electrical transmission line across northern Oklahoma, the Arkansas Public Service Commission voted this week to determine the project is in the public interest. The $4.5 billion project is designed to carry electricity 350 miles from the Oklahoma Panhandle …

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Opposition Mounts to PSO’s Alternate “Windcatcher” Transmission Line in NE Oklahoma

After the Osage Minerals Council recently rejected PSO’s proposed electrical transmission line meant to carry power from the Panhandle to Northeast Oklahoma, the utility had to resort to an alternate plan.  And the alternate plan isn’t making residents happy in southern Tulsa county who have organized and even created their own “Stop Windcatcher” website. PSO …

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Casino and School Fight Proposed Wastewater Disposal Well near El Reno

  A proposed wastewater disposal well to be located north of El Reno near the Darlington school and the Cheyenne Arapaho Lucky Star Casino is being opposed by the two organizations. A company named H2OK LLC, listed by the Oklahoma Corporation Commission as headquartered in Texas, has proposed the well along highway 81. Reports indicate …

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