March 11, 2019 archive

ONEOK prepares for new offering of notes

ONEOK has made a filing with the SEC in apparent preparation for an offering of notes. The filing is incomplete and does not include information detailing how many of the notes would be involved. It only states that the corporation is “offering $   aggregated principal amount of our    % notes due 2029. But it …

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Groundwater protection bill awaits action in Oklahoma Senate

A bill protecting groundwater rights from being taken by eminent domain awaits a vote in the Oklahoma Senate after winning approval last week in the State House. HB 1048 by Pottawatomie County Rep. Danny Sterling of House District 27 won approval in the House on a 97-1 vote. The lone ‘no’ vote came from Rep. …

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Gasoline prices continue their climb in Oklahoma

Gasoline prices continue their upward march in Oklahoma with a new statewide average of $2.30 per gallon this week, an increase of 7 cents. AAA Oklahoma reports the state’s lowest prices continue to be in southern and southeastern Oklahoma. But it’s also the site for the highest price of $2.48 a gallon in  Holdenville, the …

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Oklahoma economy shows no sign of slowing down

Oklahoma Treasurer Randy McDaniel says in spite of lower oil and gas prices, the state’s latest gross receipts for February showed still more growth in the state’s economy. And the growth was reflected for the 23rd consecutive month. Gross production taxes on oil and natural gas generated $105.7 million in February or $38.9 million more …

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Corporation Commission to consider signing orders

Oklahoma Corporation Commission meets Tuesday morning to consider several signing orders. Windstream Nuvox Oklahoma, Inc. is seeking funding from the Oklahoma Universal Fund for for the Memorial Hospital in Guymon and the Stroud Regional Hospital. CKEnergy Electric Cooperative, Inc. continues its push to stop Oklahoma Gas and Electric Company from serving of building electric facilities …

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Federal judge rules against four Blackwell residents who wanted to be part of $119 million settlement

  An Oklahoma City federal judge has ruled against four Blackwell residents who attempted to sue the Blackwell Zinc Smelter owner after the smelter company already settled a class-action pollution lawsuit years ago. U.S. District Judge Charles b. Goodwin essentially ruled that the individuals were too late in their claims. He ruled against Bradley Snow …

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ConocoPhillips gets nearly $9 billion judgment award from World Bank

While Venezuelan President Maduro deals with riots by his starving people and several days of electrical blackouts, he has been told by the World Bank to pay nearly $9 billion to ConocoPhillips. The Bank’s ruling on Friday said Venezuela had to pay ConocoPhillips $8.7 billion for the governments expropriation of the company’s investments in the …

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Austin gives AOC a big Texas welcome

It wasn’t out of the ordinary for New York Democratic Congresswoman Alexandria Ocasio-Cortez to draw an overflow crowd when she during the weekend in Austin, Texas. After all, Austin is the city that is proud of its liberalism and sells tee shirts “Keep Austin Weird.” While Oklahoma congressman Markwayne Mullin, an avowed Republican from eastern …

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Sierra Club disappointed after death of solar energy bills in the legislature

The Oklahoma Chapter of the Sierra Club is vowing to fight again next legislative session to get some Solar Energy bills passed in the House and Senate. Leaders were disappointed after several solar bills died in this year’s legislative session. “The Lobby group made a big push to get Solar Energy Bills passed by calling, …

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They’re still bashing Scott Pruitt on Capitol Hill

Scott Pruitt’s been gone eight months as administrator of the Environmental Protection Agency and some on Capitol Hill are still taking his name in vain. The latest example was reported by POLITICO’s Morning Energy report and quoted an Iowa U.S. Senator. GRASSLEY HAMMERS ‘FIRED PRUITT’ OVER SMALL REFINER EXEMPTIONS: Sen. Chuck Grassley lacerated former EPA Administrator Scott …

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