Record revenue for past fiscal year in Oklahoma

  “It would appear Oklahoma’s economic engine is hitting on all cylinders.” Oklahoma Treasurer Ken Miller.   Oklahoma wrapped up Fiscal Year 18 revenue collections with an optimistic result, reaching an all-time high of $12.18 billion in the past 12 months. The June collections were also a record $1.1 billion but energy collections were down …

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Oklahoma DOT announces $7 million available for small community improvements

The Oklahoma Department of Transportation has announced the availability of $7 million in federal grant money for Oklahoma communities through the Transportation Alternative Program. The DOT calls it a chance for smaller communities to turn their transportation improvement ideas into reality. The TAP program aims at helping communities with a population of less than 5,000 …

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Frac fire in Permian Basin under investigation

  Houston’s Keane Group is still estimating damage caused by a July 1 fire that damaged one of its hydraulic frac fleet operating in the Permian Basin near Odessa, Texas. The company issued a statement indicating the expense of replacing the damaged equipment is expected to be covered by the company’s insurance program. The fire …

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ConocoPhillips buys BP exploration site in far north Alaska

  ConocoPhillips is expanding its operations far beyond Oklahoma and Texas with the purchase oil exploration sites in the Greater Kuparuk Area in Alaska. The purchase area is in the extreme northern part of the state. The company is buying BP’s 39.2 percent interest in the area as well as BP’s 38 percent interest in …

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Jenks residents still worry about butane storage tanks

  Residents of Jenks in northeast Oklahoma continue to express worries about a Phillips 66 butane storage terminal in their city. Keep Jenks Safe, a group of concerned citizens has gathered at least 1,000 signatures on a petition to stop construction of any new butane tanks which were approved last year by the Jenks City …

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Oklahoma regulators consider PSO’s Wind Catcher Wind Farm project with no decision timetable set

The Oklahoma Corporation Commission wrapped up several more hours of testimony Tuesday on the $4.5 billion dollar Wind Catcher wind farm proposed by the Public Service Company of Oklahoma. No decision was reached as commissioners want to consider the latest arguments made for and against the massive project that is meant to supply wind-powered electricity …

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ConocoPhillips struggles with pipeline shortage in the Permian Basin

The pipeline shortage to move oil out of the Permian Basin in west Texas and New Mexico is a big enough factor that oil in the basin is literally as much as $12 a barrel cheaper than the price of West Texas Intermediate crude set at the Cushing, Oklahoma hub. And it has caused ConocoPhillips …

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Rhode Island sues oil companies and blames them for climate change

Oil companies with big ties to Oklahoma have been sued by the state of Rhode Island and accused of causing climate change. The companies include ConocoPhillips, Exxon Mobil Corp., Chevron Corp., Marathon Oil Corp. and Hess Corp. Rhode Island attorney general Peter Kilmartin claimed his state was “uniquely harmed” by global warming with more than …

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Consumer group wants closer review of PSO’s Wind Catcher Project

One consumers’ group, Americans for Prosperity-Oklahoma is asking the Oklahoma Corporation Commission to take a closer look at the $5.4 billion Wind Catcher Energy project proposed by Public Service Company of Oklahoma. The group delivered letters from more than 600 Oklahomans to the commission on Monday. It also issued a challenge in the form of …

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Governor names new member to State Agriculture Board

A new member of the Oklahoma State Board of Agriculture was named this week by Gov. Mary Fallin. Britt Hilton, owner and manager of a cow-calf and stocker operation at Gate was appointed to serve the remaining term of Joe Mayer who died in May. While Hilton will serve immediately on the board, his final …

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