January 2018 archive

ONEOK’s Predicting Large Growth in 2018

Tulsa-based ONEOK is anticipating 2018 to be a year where the company sees nearly a billion dollars in net earnings and a nearly 10 percent increase in dividend earnings. In releasing its 2018 financial and volume guidance, the company credited growth expectations to be driven by anticipated natural gas and natural gas liquids volume increases …

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Update: 5 Workers Still Missing in Gas Rig Explosion near McAlester

updated: 4:15 p.m. Pittsburg County officials say a wellhead fire is still burning out of control after an explosion occurred earlier Monday morning near the small town of Quinton. Five workers remain unaccounted for while 17 others escaped. One of the 17 suffered some burns. He initially declined treatment but a county emergency management spokesman …

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Opponents Predict Keystone XL Pipeline Will Never be Built

One of the groups fighting the Keystone XL pipeline in Nebraska is making a bold prediction. “This pipeline will never be built,” declared Bold Nebraska as it updated Keystone opponents. “After TransCanada last week announced shockingly weak support from customers looking to transport tarsands on its proposed Keystone XL pipeline, it has become more clear …

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AG Hunter Says One Thing….Does Another When it Comes to Public Records

by Jerry Bohnen “I believe in transparency in government. I believe in blue sky laws.” Oklahoma Attorney General Mike Hunter, Feb. 2017 What Oklahoma Attorney General Mike Hunter says about openness in  state government and what he does are two different things, based on his actions fighting a lawsuit about an auditor’s report of a …

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Plains All American Makes Joint Agreement to Expand Operations in New Mexico

  With large pipeline operations and storage facilities in Oklahoma, Plains All American Pipeline L.P. is expanding its operations with a strategic relationship in New Mexico. It will also result in a pipeline construction project in Texas. Plains formed the relationship with San Mateo Midstream, LLC to gather and transport crude oil for upstream producers …

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Despite $805 million 4Q Loss, Halliburton Calls it a Good Year

Houston-based Halliburton is reporting a fourth quarter of 2017,  citing a loss of $805 million or nearly one dollar per diluted share. But company management still says it was a good quarter for the company’s operations including the large facility in Duncan, Oklahoma. The loss was $0.92 per share and the company said it reflected …

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Techies Not Giving up Promoting Former Stroud Mall as Technology Headquarters Site

We’re just learning that Oklahoma City and Tulsa were not the only places in the state that attempted to become Amazon’s second national headquarters. There was a third candidate, according to the Tulsa World.  The identity was revealed last week after Amazon narrowed a list of more than 230 applicants to 20, excluding any and …

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What Tax Endorsements by Oil and Gas Groups Will Mean for Special Legislative Session

While they’re awaiting a date to return for a second special legislative session and about to begin the 2018 regular session, legislators are wondering the impact of endorsements by oil and gas groups of a plan to raise gross production taxes. The increase in taxes was proposed by Step Up Oklahoma, the newly-formed group of …

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Work Begins on Kilpatrick Turnpike Extension in SW OKC

Construction started earlier this month on the nearly eight-mile extension  of the John  Kilpatrick Turnpike in southwest Oklahoma City near the city of Mustang. It comes as the Oklahoma Turnpike Authority has approved bids totaling $94 million for the first two sections of the project, according to a published report in the Yukon Review. Total cost …

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Dividends Declared by Chesapeake Energy

 Chesapeake Energy Corporation has announced that its Board of Directors has declared dividends on its outstanding convertible preferred stock issues, as stated below. 4.50% 5% 5.75% 5.75% (Series A) NYSE Symbol CHK Pr D N/A N/A N/A Date of Original Issue September 14, 2005 November 8, 2005 May 17, 2010 May 17, 2010 Registered CUSIP 165167842 …

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