President Trump has signed into law a nuclear modernization act co-sponsored by Oklahoma U.S. Sen. Jim Inhofe. “The Nuclear Energy Innovation and Modernization Act is critical for the revitalization and improvement of our nation’s nuclear energy industry,” Inhofe said. “Nuclear energy has played an important role in the complex energy network of our country, but as …
Tulsa-based Midstates Petroleum Company, Inc. announced this week it is offering to buy up to 5 million shares of its outstanding stock, a financial move worth $50 million. It amounts to nearly 20 percent and the company offered $10 a share. The tender offer represents nearly 19.7% of Midstates’ outstanding common stock. The $10 offer …
The Oklahoma Corporation Commission staff holds its first technical conference on Wednesday as it makes changes to its rules regarding railroads. Some changes apply to trains blocking a crossing. The Commission wants the ability to conduct a compliance audit should a train block a crossing more than 10 minutes. The audit would explore the frequency …
Recent filings at the Securities and Exchange Commission by Oklahoma Gas and Electric show company leadership acquiring more shares in the company. Three directors, Luke R. Corbett, David L. Hauser and J. Michael Sanner each acquired thousands of shares in recent days. Corbett, the former Chairman and Chief Executive Officer of Kerr-McGee corporation has been …
Phillips 66 Partners and others involved in a new pipeline in Louisiana are trying to attract more customers. Working with Harvest Midstream Company and PBF Logistics LP, the firms have entered into an agreement to jointly develop the ACE Pipeline System. The line will provide crude oil transportation service from the market hub in St. …
One of the largest coal producers in the U.S., Cloud Peak Energy Inc. based in Wyoming has taken steps to protect some of its finances. The company’s Board of Directors announced this week it has adopted a Stockholder rights Plan to preserve its substantial federal net operating loss carryfowards. The tax carryforwards can be used …
Houston’s Cheniere Energy, Inc., the firm building a $1 billion natural gas line across Oklahoma plans to release its fourth quarter earnings report in February. The Company will release the report on Tuesday, Feb. 26 before the opening of the market. Management leaders will then host a conference call for investors and analysts later …
Leaders of Tulsa’s NGL Energy Partners LP will be attending a major conference in Utah this week hoping to land more investors in the company. They’re at the UBS Midstream, MLP and Utilities One-on-One Conference held in Park City, Utah today through Jan. 16. They will also attend the US Capital Advisors Midstream Corporate …
In a career that began with a private practice focusing on energy and real state, Oklahoma Attorney General Mike Hunter is starting his first full term in office. He was sworn in Monday as the state’s chief legal officer during the inaugural ceremony on the south steps of the State Capitol. Hunter ran for election …
Permits to drill for January 14, 2019. Creek County TERRAIN #1-32, January 14 2019 32 19N 7E S2NWSWNE API: 03729421 Lat: 36.08474271164068, Long: -96.5920078307357 TERRAIN ENERGY LLC SH, DR, 3300 ft, LAYTON(1500), CLEVELAND(1900), BIG LIME-OSWEGO(2197), SKINNER UP(2225), SKINNER LOW(2250), PRUE(2487), BARTLESVILLE(2591), 1ST WILCOX(2894), 2ND WILCOX(2919) Grady County JC NELSON #1R-9-16-21XHM, January 14 2019 09 8N 7W …
