October 3, 2018 archive

“Mini-boom” underway in Oklahoma’s oil and gas industry

The Oklahoma City University professor behind the Oklahoma Energy Index is talking of a “mini-boom” when it comes to the improvements of Oklahoma’s oil and natural gas industry. Dr. Russell Evans, executive director of the Steven C. Agee Economic Research and Policy Institute, said a bullish outlook for crude oil prices supports expectations of continued …

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Rep. Mullin gets endorsement from GOP energy group

Oklahoma Congressman Markwayne Mullin is among the latest to get a congressional endorsement from the GOP clean energy group Citizens for Responsible Energy Solutions. The group endorsed the 2nd District Republican Representative in an announcement on Wednesday as he seeks re-election in eastern Oklahoma. Mullin has served in the U.S. House since 2013 and is …

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Denver Appeals Court hears methane gas and flaring case

After overturning a federal judge’s ruling in the methane gas fight on federal lands, the U.S.10th Circuit Court of Appeals in Denver heard from states and environmental groups who want to keep the Obama-era rules. The Appeals Court listened Tuesday to those who contend the Interior Department should not eliminate the older rules that regulated …

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Tulsa’s Omni Air sold in $845 million cash deal

Tulsa’s Omni Air International is being sold for $845 million to an Ohio based air freight company that is a major flyer of parcels for Amazon.com Inc. Air Transport Services Group Inc., based in Wilmington, Ohio said it could expand its e-commerce business more rapidly after acquiring Omni, the airline that is the Pentagon’s largest …

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Marathon is now largest oil refiner in the U.S.

Marathon Petroleum Corp., the firm  that was once part of Marathon Oil before the two companies were created separately wrapped up its $23.3 billion purchase this week of its Texas-based rival Andeavor. It makes Marathon, the largest U.S. oil refiner by capacity. Shareholders of both companies agreed to the purchase. The other Marathon, Marathon Oil …

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Study suggests fewer quakes in Oklahoma and Kansas linked to oil and gas

Despite low level earthquakes reported in recent weeks, a new study claims the number of man-made earthquakes in Oklahoma and Kansas has been reduced following steps by regulators in the two states to control wastewater injection wells. The report also suggests there will be a continuing drop in potentially damaging quakes in the next few …

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OnCue expanding into OKC’s urban core

The Oklahoman’s Steve Lackmeyer caught note this week that Oklahoma-based OnCue is expanding into Oklahoma City’s urban core. Already with more than 75 stores statewide, the company filed a zoning request this week for a store to be located at 1305 N Western Ave. The paper explained that OnCue is already building other stores in …

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3Q report from WPX Energy to be released Nov. 1

Tulsa’s WPX Energy plans to release its third-quarter 2018 financial and operations results on Nov. 1. Management will also hold a webcast on that day beginning at 9 a.m. Oklahoma time. Chief Executive Officer Rick Muncrief, Chief Operating Officer Clay Gaspar and Chief Financial Officer Kevin Vann will discuss the company’s performance. Investors are encouraged …

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Routine SEC filing by Chesapeake Energy

A filing with the Securities and Exchange Commission was made this week by Oklahoma City-based Chesapeake Energy. It pertained to the sale of shares by a Chesapeake Executive. Click here to view.

Cheaper gasoline prices will greet those heading to Dallas for the Red River Showdown

Heading to Dallas for the Red River Showdown in Dallas?  AAA Oklahoma says drivers will find cheaper gasoline in Texas than  in Oklahoma. AAA reports the Oklahoma gas prices are 8-cents higher per gallon than those in Texas—$2.72 in Oklahoma versus $2.64 in Texas. Texas has the eighth lowest gas prices in the nation this week. …

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