September 21, 2018 archive

Oklahoma and national rig counts slipped in past week

Most of the oil and gas producing states reported little growth in rig activity in the past week, with the exception of Texas. Oklahoma saw a drop of 3 to 136 working rigs compared to 127 a year ago. Nationally, the count fell by two to 1,053, still 118 more than a year ago. The …

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Louisiana’s environmental protest law to get legal challenge

Like Oklahoma, the state of Louisiana joined the growing effort to crack down on pipeline and energy protesters.  Louisiana’s law went into effect in August and already it faces a challenge following the recent felony arrests of environmental protesters at the site of the Bayou Bridge Pipeline which is the last leg of the Dakota …

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SandRidge forced to look for new permanent leader…CEO says he won’t take it on permanent basis

Don’t count on him to be the permanent leader of SandRidge Energy. It’s what William M. Griffin, Jr., Interim President and Chief Executive Office has told the board. The revelation was confirmed when SandRidge Energy made a filing on Friday with the Securities and Exchange Commission. (Click here to read.) The filing stated that Griffin …

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Oklahoma pipeline developer wraps up corporate merger

Houston’s Cheniere Energy, Inc. and Cheniere Energy Partners LP Holdings, LLC have wrapped up their previously announced merger of Cheniere Partners Holdings with a wholly owned subsidiary of Cheniere. As a result of the merger, all of the publiclyl-held shares of Cheniere Partners Holdings not owned by Cheniere were canceled . Shareholders received 0.4750 shares …

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ExxonMobil joins climate change fight

ExxonMobil’s joined the crowd in becoming part of a world-wide effort by oil and gas producers to fight climate change. The Company said it will join the Oil and Gas Climate Initiative which is a voluntary initiative representing 13 of the world’s largest producers. The group will focus on development of practical solutions in areas …

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Phillips 66 to release 3Q earnings report

  Philips 66 leaders plan to release the company’s third quarter 2018 financial results on Friday, Oct. 26. They will also hold a 12 p.m. conference call webcast to discuss the results and provide an update on strategic initiatives.  

USDA hands out millions for improved rural electric service in Oklahoma and 12 other states

Some southwest Oklahomans will be among those benefiting from the more than $398 million in USDA loans to improve rural electric service. The Agriculture Department announced the $398.5 million in loans are being made to rural electric providers in 13 states, according to Assistant to the Secretary for Rural Development Anne Hazlett. The USDA investments …

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Broken Arrow gets $21 million loan of State Water Resources Board

The State Water Resources Board agreed this week to make a more than $21 million loan to the city of Broken Arrow for improvements of its water and wastewater infrastructure. The board approved the $21,305,000 Financial Assistance Program loan which will be used to construct a new pretreatment basin at Broken Arrow’s Verdigris water treatment …

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PSO hands out more than $16,000 in grants to FFA chapters

  Public Service Company of Oklahoma is sharing some of its wealth in the form of thousands of dollars in grants to Future Farmers of America chapters in the state. All are STEM or Science, Technology, engineering and Math After-school grants totaling more than $16,000. PSO, a unit of American Electric Power issued a $2,500 …

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ONEOK raises board’s retirement age to 75

ONEOK’s board of directors raised its retirement age this week from 73 to 75. In a filing with the Securities and Exchange Commission, the company said the 10-member board took the move on Sept. 19 and amended its bylaws.