July 13, 2018 archive

Study finds energy costs in Oklahoma are high

When it comes to energy costs, Oklahomans have some of the highest bills in the country. That’s according to WalletHub, the personal finance website. It ranks Oklahoma 9th nationally for having the highest energy bills with an average monthly natural-gas cost of $30 and $132 for electricity.  The state’s average total energy cost is $330 …

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Pipeline operator sued by state of North Dakota

Texas-based Energy Transfer Partners now faces a lawsuit filed by the state of North Dakota over its Dakota Access Oil pipeline. North Dakota Attorney General Wayne Stenehjem filed suit this month claiming the Dallas company owns agricultural land in violation of a state law that bans large corporations from owning farmland. The suit is against …

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Inhofe talks of ‘bang for the buck’ at environmental hearing

  From the offices of U.S. Sen. Jim Inhofe: WASHINGTON — U.S. Sen. Jim Inhofe (R-Okla.), senior member of the Senate Committee on Environment and Public Works, questioned Mr. Vicente Sarmiento, Director of the Orange County Water District; Mr. Brian Motyl, Assistant Director of Finance at DelDOT; and Dr. Doug Holtz-Eakin, President of the American Action Forum …

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Division sale means executive change at Tulsa’s NGL

With the wrapup of its $900 million sale of its Retail Propane business this week, Tulsa-based NGL also announced a change in its executive leadership. In a filing with the Securities Exchange Commission, the company said Vincent J. Osterman resigned from his position as President of Retail Propane Operations. He will no longer be a …

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Flash drought time in Oklahoma?

The latest drought monitor report for Oklahoma shows improved conditions, especially in northwestern Oklahoma. But one weather expert is talking of “flash drought.” The state has no exceptional drought, which is the worst conditions under the drought monitor categories. The second worst category, extreme drought, shows a slight increase to about 9 percent of the …

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Share buyback program expanded by billions at ConocoPhillips

ConocoPhillips says it’s planning a 50 percent increase in its 2018 share repurchase program, another sign of strong business for the energy company. The Houston firm announced it will increase purchases from $2 billion to $300 and expects to fully fund this year’s $3 billion goal as well as its dividend and capital expenditures with …

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Energy savings contract for federal buildings

A Maryland company has just won a more than $2 million contract to make energy upgrades to federal buildings in Fort Worth, Texas. Green Generation Solutions LLC will install 16,000 solid state LED technology lamps and fixtures at three buildings maintained by the General Services Administration Region 7. The company contends the lighting improvements in …

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Special meeting for proposed merger set by Williams Companies

The Williams Companies, Inc. and Williams Partners L.P. have scheduled a special meeting in August for stockholders to vote on the proposed merger of the two. The special meeting of stockholders will be held Aug. 9 at 10 a.m. Central Time at the Williams Resource Center Theater in Tulsa. Williams’ stockholders of record as of …

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Dividend declared by Halliburton

An 18-cent a share dividend has been declared by Halliburton, the Texas company with major operations in Oklahoma. The Houston-based company said it will be payable Sept. 26, 2018 to shareholders of record at the close of business on Sept. 5, 2018.    

Murphy announces two endorsements in her run for GOP Lt. Gov. nomination

As Oklahoma Corporation Commissioner Dana Murphy makes her bid in a runoff for the GOP Lieutenant Governor nomination, she’s announced what she calls major endorsements. One is from Major Ed Pulido, a wounded Iraq war veteran from Oklahoma City. “We are very proud of my friend Dana Murphy!” wrote Pulido. “But she has always been …

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