December 17, 2019 archive

PSO honored for customer relations

Public Service Company of Oklahoma announced Tuesday it has been named a Utility Customer Champion in the 2019 Cogent Syndicated Utility Trusted Brand & Customer Engagement Residential study from Escalent, a top human behavior and analytics firm. The award honors utilities that exhibit exceptional performance on Brand Trust, Service Satisfaction and Product Experience. Of the 140 U.S. …

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American Airlines maintenance center adding more jobs in Tulsa

Tulsa’s American Airlines maintenance center plans to add 30 new jobs starting next month. The airline announced it will in-source more component maintenance work in its Brake and Wheel Center at Tech Ops-Tulsa. The support and overhaul support mechanic positions will be shifting from a Collins Aerospace location in Louisville, Kentucky, and will include wheel …

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Energy news in brief

** An Exxon Mobil Corp. natural gas well in Ohio released more methane into the atmosphere during a blowout in 2018 than some countries do in a year, according to a team of American and Dutch scientists. Using data from satellites, the researchers found that a well explosion in Belmont county on Feb. 15 of that …

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Work begins on largest wind farm in New Mexico

  Work was scheduled to begin this week on a $900 million Xcel Energy wind farm that will eventually be the largest to ever be constructed in the state of New Mexico. Located near Portales, the 522-megawatt Sagamore Wind Project is expected to be completed late next year and sprawl across 100,000 acres in the …

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Another wind farm planned in Iowa

Radio Iowa reports a Virginia-based company is announcing plans to build up to 85 wind turbines in central Iowa starting next year. Holly McCoy-Nelson, spokeswoman for Apex Clean Energy, says the development will be called the Great Pathfinder Wind Project. “We are working towards having a buildable project in Boone and Hamilton counties,” McCoy-Nelson says. “They’re …

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Tallgrass Energy sells some of its outstanding shares in merger agreement

  Kansas City based-Tallgrass Energy, LP announced that it has entered into a definitive merger agreement pursuant to which affiliates of Blackstone Infrastructure Partners together with affiliates of Enagas, GIC, NPS and USS will acquire all of the publicly-held outstanding Class A Shares of TGE for $22.45 in cash per Class A Share. The transaction …

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Tribe reaches agreement with North Dakota over possible oil spill response

The State of North Dakota has agreed to work with the Standing Rock Sioux Tribe to develop a response plan in the event of a potential oil spill from the Dakota Access pipeline—-the very line that thousands of Native Americans protested against a few years ago. The Associated Press  reported that State Emergency Services Director …

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Panhandle Oil and Gas reports 2019 loss but also increased adjusted earnings

Oklahoma City-based Panhandle Oil and Gas says it recorded a net loss of nearly $41 million in fiscal 2019 or $2.43 per share while at the same time its adjusted earnings grew 45 percent in the year. The company recently announced its earnings, indicating the net loss of $40.7 million in fiscal 2019 compared to …

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NGL Energy declares quarterly distribution

NGL Energy Partners LP in Tulsa announced Monday that the Board of Directors of its general partner declared a quarterly distribution of 56 and 60 cents per share of its units. The distributions will be paid to the holders of the Partnership’s 9.00% Class B Fixed-to-Floating Rate cumulative redeemable perpetual preferred units and the 9.625% Class …

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Laredo Petroleum adds new board member

Tulsa’s Laredo Petroleum has added a new member to its board of directors. The company announced the appointment of Craig Jarchow as an independent director and the appointment was effective Dec. 10, 2019. He is the current President, CEO and board member of Castleton Resources, LLC, a natural gas focused company operating upstream and midstream …

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