It’s an office that gets little publicity but can have a big impact on the energy industry in Oklahoma. It’s the race for the Oklahoma Labor Commissioner and this week, GOP hopeful Cathy Costello won the endorsement of U.S. Sen. Ted Cruz of Texas. It’s considered a major endorsement since Cruz won Oklahoma’s GOP Presidential …
July 2018 archive
Corporation Commissioners might hold possible vote Wednesday on lower PSO rates
The Oklahoma Corporation Commission has on its Wednesday agenda a possible vote on whether to approve millions of dollars in tax savings for Public Service Company of Oklahoma. It was back in late June when an Administrative Law Judge recommended the Commission approve tax savings that will result in reduce rates for PSO customers. It …
Gasoline prices up slightly in Oklahoma and the rest of the country
Gasoline prices jumped slightly nationally and in Oklahoma in the past week, reaching a statewide average of $2.62 a gallon while nationally, prices averaged $2.86 a gallon. AAA Oklahoma reports the national average rose 2 cents in the past week while prices in Oklahoma went up about the same. Lawton continued with the lowest metro …
Williams Partners unloads operations in Four Corners in $1.1 billion deal
As Williams Partners enters the northern Colorado distribution system, it is also bailing out of the Four Corners Area, selling its assets for $1.125 billion to Harvest Midstream Company of Houston. The system encompasses more than 3,700 miles of pipeline, two gas processing plants, and one CO2 treating facility in the counties of San Juan and …
KKR and Williams part of $1.2 billion purchase in Colorado
In a newly-formed joint venture with Tulsa’s Williams Cos., KKR announced Monday it’s entered into an agreement to make a $1.2 billion purchase of Discovery Midstream from TPG Growth. Founded 3 years ago and based in Dallas, Discovery operates in the southern part of Colorado’s Denver-Julesburg Basin and its operations are located in more than …
Tank battery destroyed by lightning strike in northern Oklahoma
A lightning strike destroyed a tank battery made up of 8 tanks over the weekend near the small town of Carrier in Garfield county as thunderstorms moved across northern Oklahoma. No injuries were reported but the fire sent a massive column of smoke into the air early Sunday morning, according to Mike Honigsberg Sr., Director …
Cash distribution announced by Alliance Resource Partners LP
Alliance Resource Partners, L.P. headquartered in Tulsa has declared a 52-cent cash distribution for shareholders. The Board of Directors of the firm’s general partner signed off on the increased distribution to its unitholders for the quarter ended June 30, 2018. It figures to be an annualized rate of $2.08 per unit and will be …
Blueknight Energy to release quarterly report August 1
Blueknight Energy Partners, L.P. plans to release its second quarter 2018 financial results tomorrow after the close of markets. Headquartered in Oklahoma City, the company will hold a conference call Thursday at 10:30 a.m. central time to discuss the results for the three and six months ended June 30, 2018. Net income from its …
Oklahoma AG says Texas regulators made right call in rejecting Wind Catcher
Oklahoma Attorney General Mike Hunter says Texas regulators made the right call in rejecting approval of the $4.5 billion proposed Wind Catcher wind farm that prompted Public Service Company of Oklahoma to kill the project. PSO’s decision over the weekend prompted Hunter to respond by saying the Texas Public Utility Commission made a sound and …
Nominee to run Superfund cleanup draws intense scrutiny over his past
Nominated by the Trump White House to run the EPA’s Superfund toxic cleanup program, attorney Peter C. Wright is drawing a lot of scrutiny. It’s because he once was the lawyer who called himself the “dioxin lawyer” for Dow Chemical headquartered in Midland, Michigan. It was March when President Trump nominated him to be …