Oklahoma Gas and Electric has put a dramatic end to its $425 million installation of seven modern natural gas-fired units to its former Mustang Power Plant, now called the Mustang Energy Center. The company recently imploded two massive smoke towers that were geographic earmarks for the plant located in west Oklahoma City. KOCO TV caught …
Pipeline operator Tallgrass Energy is reporting what it calls a “strong” first quarter of 2018. Based in Leawood, Kansas and operating in eleven states, the company reported nearly $108 million in net income in the first three months of the year compared to about $71 million a year earlier. Tallgrass operations stretch from Wyoming and …
Continental Resources in Oklahoma City reported nearly $234 million in net income for the first quarter of 2018. It amounted to 68 cents per diluted share. The Harold Hamm company reported $886 million cash flow from operations and a 34 percent increase in production which totaled 287,410 Boe per day average. Continental’s free cash flow …
A Wednesday vote by the Oklahoma Senate has only shored up the state’s image of targeting some of Oklahoma’s new energy industries. Without debate on Wednesday, the Oklahoma Senate adopted a restriction on the olar industry, passing a bill to extend indefinitely a $25 million cap on tax credits to solar energy operators. Sen. …
Xcel Energy announced this week it is seeking Texas approval for $65 million in power grid upgrades in the Texas Panhandle. Lamb and Bailey counties are located southwest of Amarillo. Xcel Energy said the improvements are meant to relieve overloaded lines and make way for future economic expansion in the region. One of the new …
The deadline for a petition drive to investigate the city of Claremore’s finances over smart meter technology is this week. The Tulsa World reported Shelly Taylor had until Thursday to obtain 986 registered voters to sign her petition calling for the investigation. She has claimed misappropriation and “possible irregularities” in the city budget. Her petition …
With a 16 percent increase in oil production in the first quarter of 2018, Oklahoma City’s Chesapeake Energy reported quarterly net income of $268 million or 29 cents a diluted share. The company said its first quarter net cash provided by operating activities increased $557 million compared to one year ago. The company was able …
Oklahoma City’s Devon Energy Corp. reported its first quarter 2018 earnings included an operating cash flow of $804 million but a net loss of $197 million due to the early retirement of $312 million debt. However, the company said the core earnings were still $108 million or 20 cents a diluted share for the quarter. …
Oklahoma City’s Enable Midstream is reporting net income to limited partners of $114 million in the first quarter 2018 operations, a drop of $6 million from a year ago. Net income to common units also dropped, totaling $105 million, down $6 million reported for the first quarter of 2017. Still, the company said it achieved …
Former SpiritBank leader Albert Kelly wasn’t the only top EPA official to resign this week amidst growing ethics investigation at the agency led by former Oklahoma Attorney General Scott Pruitt. And it’s clear Democrats on Capitol Hill are out for blood. So did Pasquale “Nino” Perrotta, a former Secret Service agency who was head of …
