Governor Honors Insurance Commissioner and State Emergency Manager

Governor Mary Fallin on Wednesday presented citations to Oklahoma Insurance Commissioner John Doak and Oklahoma Department of Emergency Management Director Albert Ashwood. The governor thanked Doak for his visionary efforts the past seven years as insurance commissioner, such as organizing the National Tornado Summit held in Oklahoma City the past seven years. Doak, elected in …

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87% of Puerto Rico Has Electricity Back On

While some PSO and OGE workers remain on Puerto Rico working to restore power, the government estimates nearly 87 percent of the country’s people now have electrical power following last fall’s Hurricane Maria. But sadly, some areas of the country won’t see power restored until as late as the end of May. The U.S. Army …

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The Value of Buybacks by Oil Companies

Buybacks of shares by oil and gas companies are getting the attention of industry observers.  As oil prices climb, oil companies are buying back shares they had sold earlier.  It not only means fewer shares in the marketplace but an increase in the value of those shares. ONEOK Inc. is one of them doing the …

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Austin Political Consultant Subpoenaed Over Tracking of Oklahoma Legislator

A published report indicates the Oklahoma State Bureau of Investigation suggests the wind industry might have hired a Texas political consultant to track an Oklahoma legislator known for opposing wind companies. George Shipley, 70 has been subpoenaed to testify next week before an Oklahoma multi-county grand jury, according to a Wednesday report in The Oklahoman. …

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Oklahoma Regulators Change Earthquake Protocol for STACK and SCOOP

The Oklahoma Corporation Commission announced a new protocol this week in an effort to reduce earthquakes due to well completion and fracking activities in the STACK and SCOOP, the state’s biggest oil and gas plays. And the changes have the support of the Oklahoma Geological Survey. Tim Baker, head of the Commission’s Oil and Gas …

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Regulators Study Recent Quakes Near Perry

State regulators and scientists have started taking a long serious look at a recent increase in earthquakes around Perry.  As OK Energy Today reported this week,  earthquakes have rattled the area in recent days. With some reaching magnitude 3.8 and 3.7, at least five have been recorded west of Perry. The U.S. Geological Center said …

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PSO Crews Return from Puerto Rico

Following a month of 16-hour days working to restore power to the hurricane-battered island of Puerto Rico, a dozen workers from Public Service Company of Oklahoma (PSO) are now back home. The employees were among a group of nearly 70 workers from PSO and its sister companies across AEP who flew to Puerto Rico on …

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WPX Close to Wrapping Up Exit from New Mexico’s San Juan Basin

As Tulsa-based WPX Energy shifts its focus on operations in the Permian Basin of New Mexico and West Texas and the Williston Basin of North Dakota, it has said farewell to all of its operations in northwest New Mexico.  The San Juan Basin. OK Energy Today first reported how the company unloaded its assets earlier …

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Key Energy Slowly Emerges From 2016 Bankruptcy

Oklahoma City-based Key Energy reported a fourth quarter 2017 pre-tax loss of $22.8 million or $1.11 a share. The company blamed the cost of adding crews and equipment in the quarter but also indicated consolidated revenues were up 5%. “We also had another consecutive quarter of double-digit revenue growth in our Coiled Tubing Services segment …

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Higher Income Announced by ONEOK

Tulsa-based ONEOK, Inc. announced higher fourth-quarter and full-year 2017 operating income and adjusted earnings this week compared to 2016. The company said its fourth quarter net income was $63 million or 16 cents per diluted share. And that includes one-time noncash charges of $141.3 million or 36 cents a diluted share because of the new …

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