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CA Legislature Approves Massive Purchase of Electricity to Combat Blackouts
In an unprecedented effort to shore up concerns over the state’s power supply, the California Legislature voted to give Gov. Gavin Newsom’s administration permission to buy massive amounts of electricity, a move aimed at avoiding blackouts while jump-starting the West Coast’s fledgling offshore wind industry. Five companies paid roughly $750 million last year to lease …
Louisiana Moves Toward Clean Energy as Renewable Energy Gains Momentum
Louisiana is forecasted to accelerate significantly over the coming years, according to a recent article published by Wesley Muller in The Louisiana Illuminator. Historically, the state has lagged behind that of most other states in the clean energy industry. According to a press release issued last week, Louisiana Gov. John Bel Edwards issued a proclamation …
Trust Co. of Oklahoma Decreases Phillips 66 Holdings
Trust Co. of Oklahoma decreased its holdings in shares of Houston-based Phillips 66 by 27.9% in the 2nd quarter, according to its most recent Form 13F filing with the U.S. Securities Exchange Commission. The firm owned 3,190 shares of the oil and gas company’s stock after selling 1,234 shares during the period. Trust Co. of …
Gas Prices on the Rise in Oklahoma
Average gasoline prices in Oklahoma have risen 0.8 cents per gallon in the last week, averaging $3.71/g today, according to GasBuddy’s survey of 2,294 stations in Oklahoma. Prices in Oklahoma are 16.8 cents per gallon higher than a month ago and stand 43.7 cents per gallon higher than a year ago. The national average price …
OK State Treasurer Releases July 2023 Investment Performance Report
Oklahoma State Treasurer Todd Russ issued his monthly investment performance report for July 2023 detailing portfolio performance, diversification and strategy. He reported the portfolio’s diversification strategy continues to be robust. Highlights of the report include: The July 2023 portfolio yielded 2.67% with a weighted average maturity of 1,000 days. Total assets equaled $15.7 billion, up …
Halliburton to Release 3Q Earnings Soon
Houston-based Halliburton Company plans to announce its third-quarter 2023 financial results during a conference call on Tuesday, October 24, 2023. The call will begin at 8:00 a.m. CT. The company will issue a press release regarding the earnings prior to the conference call. The press release will be posted on the Halliburton website at www.halliburton.com. A …
Phillips 66 to Release 3Q Earnings on October 27, 2023
Houston-based Phillips 66 will host a webcast on Friday, Oct. 27, 2023 at noon ET to discuss the company’s third-quarter 2023 financial results, which will be released earlier that day. To access the webcast, go to the Events and Presentations section of the Phillips 66 Investors site, phillips66.com/investors. A replay of the webcast will be …
J.B. Hunt To Acquire BNSF Third Party Logistics Brokerage Operations
In a collaborative supply chain partnership spanning more than 30 years, Arkansas-based J.B. Hunt Transport Services Inc. and North Texas based-Burlington Northern Santa Fe, LLC announced J.B. Hunt has entered into a definitive agreement to purchase the brokerage operations of BNSF Logistics, LLC. BNSF Logistics, LLC is an affiliate of BNSF Railway Company (BNSF), providing …
Energy Tech Night at OKC’s Tower Theatre on Thursday Night
Energy startups, innovators, venture groups and the finance community will come together to catch up on the latest in emerging tech at Energy Tech Night to be held at the Tower Theatre in Oklahoma City on Thursday, August 10, 2023 from 6 p.m. to 9 p.m. Each quarterly Energy Tech Night offers insights from energy …
Biden Administration Delays Plans to Restock Emergency Oil Reserves
The Biden Administration is delaying plans to restock the nation’s emergency oil reserve amid a price hike that has pushed oil above $80 per barrel, according to a published report by the Associated Press. The Energy Department recently canceled a planned purchase of six million barrels for the strategic reserve, saying it wants to secure …