May 2018 archive

Pruitt Likely to Face Another Barrage of Democratic Criticism at Senate Hearing

The latest revelation about EPA Chief Scott Pruitt’s demand for round-the-clock security from day one in office could be more fuel for his critics as he testified this week before a U.S. Senate Committee. Pruitt is to testify Wednesday before the Senate Appropriations-Interior-Environment Panel and observers expect it to be another confrontational hearing, much like …

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Oil and Gas Group Celebrates Legislative End with Fundraiser

The Oklahoma Oil & Gas Association (OKOGA) celebrated the end of the legislative session with a Sine Die event at the Harn Homestead in Oklahoma City. The Oklahoma Youth Expo (OYE) and the Oklahoma Institute for Child Advocacy (OICA) each received a $7,500 check from OKOGA to help the organizations fulfill their missions to support children. “OKOGA is passionate about …

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Nine Energy Makes Big Improvements in One Quarter

Nine Energy Service, a Houston-based oilfield services company with operating facilities in Oklahoma’s SCOOP and STACK reported first quarter revenue of nearly $174 million. In an earnings report released this week, the company also said net income was $1.7 million while adjusted earnings before interest, taxes, depreciation and amortization came to $24.1 million. The first …

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Senate Leader Defends Increase in Gasoline Taxes

As one of the Oklahoma legislature’s leaders in forming a new state budget, State Senator Kim David, a Republican from Porter maintains a hike in gasoline taxes is necessary  to funding good roads. Interviewed for the State Treasurer’s monthly Oklahoma Economic Report, the Chair of the Senate Appropriations Committee claimed that much of the coming …

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AG Wants Guaranteed Ratepayer Protections as part of Wind Catcher Project

Oklahoma Attorney General Mike Hunter is asking the State Corporation Commission for guaranteed ratepayer protections for customers if the PSO Wind Catcher Project in the Panhandle is granted preapproval by the commission. It is his latest legal move as he continues to oppose the giant wind farm to be built near Guymon. In a filing …

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Gasoline Prices Spike in Oklahoma and US Following New Sanctions on Iran

Gasoline prices in Oklahoma and across the nation jumped several cents a gallon, largely due to the President’s decision to pull out of the Iran nuclear arms deal and re-impose sanctions on the country. Oklahoma’s prices jumped from an average $2.54 last week to $2.61 this week. Nationally, the average rose six cents to reach …

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Oklahoma Firm One of 2 Cited Over 2017 Fatal Gas Pipeline Fire in Colorado

OSHA has cited Oklahoma City’s Complete Energy Services Inc. and DCP Midstream L.P. of Denver and proposed  more than $79,000 in fines over the deaths of two workers in a fire at a gas pipeline. The U.S. Occupational Safety and Health Administration in Denver announced the $79,004 fine following the deadly incident which happened November …

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Contractors PAC Reaches Ethics Commission Agreement

The Oklahoma Ethics Commission  says it has reached a settlement agreement with the Associated General Contractors Oklahoma PAC after the PAC self-reported violations of state laws. The Commission voted recently to approve the agreement after the PAC admited it deposited more than $12,000 of contributions into the wrong account. The PAC also admitted to receiving …

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Key Energy Loses President—-Begins Search for Successor

Houston-based Key Energy Services announced the sudden resignation this week of President and Chief Executive Officer Robert Drummond. He notified the company on Friday of his designation to resign to pursue another opportunity. Key Energy, a company with regional offices in El Reno, Oklahoma and operations throughout Oklahoma named current Senior Vice President and Chief …

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SandRidge Energy Continues at Odds with Carl Icahn

In the battle of the boards between Oklahoma City’s SandRidge Energy and activist investor Carl Icahn, Icahn has made the latest move. He has nominated two more directors to the energy company’s board. After the Board rejected his nomination of five board members, Icahn threw in the names of Nancy Dunlap and Jonathan Christodoro as …

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