Customers of Public Service Company of Oklahoma will be getting a refund for the rest of the year following action on Wednesday by the Oklahoma Corporation Commission. In a unanimous vote, the commission approved a $30 million reduction in PSO rates. The move resulted in a monthly saving of $6.08 for a PSO average customer. …
President Trump has tapped Dr. Kelvin Droegemeier, who serves as secretary of science and technology on the governor’s executive Cabinet, to serve the country as director of the Office of Science and Technology Policy. President Donald Trump announced he intends to nominate Droegemeier, of Norman, to the post, which provides the president and others within …
Oklahoma U.S. Sen. Jim Inhofe and two other Republican Senators have introduced a measure to close Clean Water Act loopholes used by some states against fossil fuel development. He and Senators John Barrasso of Wyoming, Shelley Moore Capito of West Virginia and Steve Daines of Montana introduced the Water Quality Certification Improvement Act of 2018. …
ONEOK reported its second-quarter 2018 net income totaled $281 million while operating income was up 40 percent and adjusted earnings increased 30 percent from a year ago. The Tulsa-based utility said the net income was 68 cents a diluted share compared to 33 cents last year at this time. Distributable cash for the second quarter …
Oklahoma City’s Chesapeake Energy reported a $16 million second quarter net loss and a net loss of $40 million available to common stockholders on the heels of the company’s $2 billion sale of Utica Shale assets in Ohio. It also still has more than $9 billion in debt. The earnings report released this week showed …
A new crude oil pipeline is going to be constructed in Oklahoma and will carry oil from Cushing to Louisiana. Tallgrass Energy, LP based in Leawood, Kansas announced plans to develop the Seahorse Pipeline to the St. James, Louisiana refining complex. The company also plans to construct a separate new export-capable liquids terminal strategically located …
Oil assets in the Texas Panhandle were sold this week in a $201 million deal involving Pioneer Natural Resources Company of Dallas and an undisclosed buyer. Pioneer Natural made the announcement saying it sold all of its assets in the West Panhandle field and the agreement is expected to close in the third quarter of …
EnerVest, a company with operations in Oklahoma City and Elk City completed the sale of its South Texas Division to TPG Pace Energy Holdings Corporation. As a result, TPGE changed its name to Magnolia Oil and Gas Corporation and will see its Class A Common Stock and Warrants traded on the New York Stock …
After recently retiring from the New York State Common Retirement Fund, Vicki Fuller has been named as an independent director on the Board of Directors at the Williams Companies, Inc. in Tulsa. The appointment is immediate for Fuller who spent six years as chief investment officer at the New York State Fund, which is the …
A $17.5 million purchase of loading facilities in Tulsa by Dallas-based Holly Energy Partners, L.P. from Holly Corporation became official on Wednesday. The purchase involved truck and rail loading and unloading facilities at Holly’s refinery in Tulsa. In announcing the acquisition, the company said it anticipates nearly $2.7 million incremental annual revenue. The company paid …
