Oil futures were flat to lower on Wednesday and Oklahoma energy stocks were about the same as investors continued their worries whether rising interest rates might slow the nation’s economy and cut fuel demand. West Texas Intermediate crude for March delivery dropped 47 cents or 0.6% to $78.59 a barrel on the New York …
PSO franchise approved by Broken Arrow voters
Broken Arrow voters approved a 25-year renewal of the city’s franchise with Public Service Company of Oklahoma (PSO) on Tuesday. With 100% of the vote counted, unofficial results show franchise renewal passed with a majority of more than 68%. The franchise gives PSO the right to use city streets, alleys and rights of way …
Supreme Court reinstates injured worker’s lawsuit against Ovintiv Mid-Continent
The Oklahoma Supreme Court says an Oklahoma County District Court Judge was wrong in dismissing a lawsuit against oil and gas company Ovintiv Mid-Continent, Inc. because a deadline was missed. In a ruling this week, the Justices reinstated Ovintiv in the lawsuit brought in 2018 by Mwande Serge Kpiele-Poda whose legs were crushed while …
Can your EV be hacked?
Just as if we needed more to worry about as our lives are already filled with the thoughts of spy balloons floating overhead, COVID, a politically divided nation, and TOP SECRET documents found where they shouldn’t be…..now comes along the prospects of EVs being hacked? It’s what the Wall Street Journal wrote about this …
Bill to improve Oklahoma’s motor vehicle excise tax wins early approval in legislature
Legislation to modify the formula for determining motor vehicle excise tax on vehicle purchases passed unanimously this week in the House Appropriations & Budget Subcommittee for Finance. House Bill 1389 is authored by Rep. Steve Bashore, R-Miami, who ran similar legislation last session. “This is a pro-consumer bill that figures excise tax on new …
Trading of Unit Corporation makes another step up
Tulsa’s Unit Corporation just moved up in trading on the over-the-counter market or OTCQX Best Market. The move was announced Wednesday in a company filing with the Securities and Exchange Commission. It is considered an upgrade from the Pink market. The OTCQX roster, also called the OTCQX Best Market, includes a large number of blue-chip stocks …
Dust-filled air results in health advisory in Oklahoma
All the dust stirred up by 50 mile an hour winds on Tuesday in Oklahoma resulted in an air quality health advisory issued Wednesday by the Oklahoma Department of Health. Officially, it was a Particulate Matter health advisory. Of particular concern were 12 counties in the Southwest part of the state where the advisory …
Devon cash flow hits all-time high
Devon Energy Corp. reported its 2022 operating cash soared 74% and free cash flow for the year reached its highest level in company history. Devon reported net earnings of $1.2 billion, or $1.83 per diluted share, in the fourth quarter of 2022. As a result, Deon said its fixed-plus-variable dividend payout more than doubled …
Tulsa’s WellChecked company teams up with SPOT.AI
Calling it a “new era” in remote asset monitoring for the oil and gas industry, WellChecked, a company headquartered in Tulsa, announced it teamed up with Spot.AI by reselling its artificial intelligence camera system technology. The strategic collaboration combines WellChecked’s experience in oil and gas video monitoring with Spot.AI’s video AI and edge processing …
Iowa ethanol plant operators say without carbon-capture pipelines they will be forced out of business
Ethanol plant operators are trying to make the case that without carbon-capture pipelines across Iowa, they will eventually be forced to close in the coming decade. The Des Moines Register reported on a new economic report that contended Iowa’s ethanol industry would lose three-fourths of its production if three proposed carbon-capture pipelines are not …
