OGE crews restore power to 92% of customers who lost it during the tornadoes

  Nearly 92% of the Oklahoma Gas and Electric customers who lost electrical power in the Sunday night tornadoes and severe weather have their power restored. In an update Tuesday morning, OG&E said its 2,500 utility personnel continue working to restore power to the remaining customers and expect to have the restoration up to 95% …

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Latest reports show wells completed by BCE-Mach III

  Some of the newest completion reports include three Kingfisher County wells drilled by BCE-Mach III LLC. The separate wells were completed in October, November and December of 2022 and had combined production of nearly 800 barrels of oil a day. The John Pollard 31-18-5 2mh, located at 31 18N 5W or 8 miles northeast …

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NextEra’s plans for solar and battery project denied in Enid

  Renewable energy firm, NextEra, a company with wind farm operations throughout the state, was turned down this week in its effort to build a solar and battery storage operation near Enid. The Enid News and Eagle reports the Metropolitan Area Planning Commission voted to deny NextEra’s petition to use land southeast of Enid for …

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Colorado drivers feeling more impact from shutdown of state’s only refinery

  Only a few weeks ago, OK Energy Today reported how the December shutdown of the Suncor refinery in Colorado, the state’s only refinery, resulted in increased pump prices for drivers in the state. Now the U.S. Energy Information Administration reports the increase has been $1.39 a gallon since the day after Christmas 2022. The …

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Political fallout over VW executive’s comments about forced labor in China

  As Oklahoma Gov. Kevin Stitt reportedly is in secret talks with Volkswagen about locating a plant in the state, the German-based car-maker faces political fallout over comments made by the head of its Chinese business. A barrage of criticism was heaped on Volkswagen’s China chief Ralf Brandstaetter who said he saw no sign of …

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Williams offers $1.5 billion in notes

  Williams announced that it has priced a public offering of $750 million of its 5.400% Senior Notes due 2026 at a price of 99.907 percent of par and $750 million of its 5.650% Senior Notes due 2033 at a price of 99.891 percent of par. The expected settlement date for the offering is March …

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Revenues soared for Holly Energy Partners in 4Q and full-year

  Holly Energy Partners, L.P. , a Dallas-based company with a refinery in Tulsa and storage in Cushing, reported improved net income for the fourth quarter of 2022 of $68.5 million and 54 cents a basic and diluted limited partner unit. It also saw a gain of $53 million in its full-year revenues reaching $547.5 …

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Rep. Cole fights China’s economic bullying

  It’s called the Countering Economic Coercion Act of 2023—a measure recently introduced in Congress by Oklahoma U.S. Rep. Tom Cole and two Democrats in the House. New York Rep. Gregory Meeks and California Democratic Rep. Ami Bera joined Cole in creating the measure. Their H.R. 1135 would provide the president new tools to provide …

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OKC based fertilizer and chemical firm records record earnings in fourth quarter

  Not only did Oklahoma City’s LSB Industries see a big gain in its fourth quarter 2022 sales and earnings, but the firm did equally well in the full year finances as it made record earnings. “Our fourth quarter capped off the most profitable year in our company’s history,” stated Mark Behrman, LSB’s President and …

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2022 was a record year for Ovintiv

  A milestone year. A record year. It’s what leaders at Denver-based Ovintiv Inc. described the financial results for the fourth quarter 2022 and all of 2022. All of those STACK wells drilled in Kingfisher and Canadian Counties by Ovintiv in Oklahoma helped add to the success of the company. “2022 was a milestone year …

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