December 18, 2018 archive

PSO announces two new members of leadership team

Public Service Company of Oklahoma  President and Chief Operating Officer Peggy Simmons  announced two new members have been added to the PSO Leadership Team. Tiffini Jackson has been named Vice President, External Affairs.  She takes over the position previously held by John Harper, who retired earlier this year. Jackson began her career with PSO in …

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Oil prices slip as storage increases in Cushing

A national report this week that inventories had jumped at the Cushing hub in Oklahoma apparently resulted in the price of oil to drop below the $50-a-barrel mark this week in New York. It was the first time in three weeks for prices to drop below the 50-dollar level as the crude market is obviously …

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Tulsa’s Alliance Resource Partners expands from coal to oil and gas exploration

Tulsa-based Alliance Resource Partners, L.P. is expanding its  mineral interests nationally and entering the oil and gas industry  with a $176 million acquisition of a Texas company. The company has entered into an agreement to acquire the general partner interests in AllDale Minerals, LP and AllDale Minerals II, LP based in Dallas, Texas in the …

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Energy trust chairman steps down

The Kansas City-based CorEnergy Infrastructure Trust, Inc. will come under new leadership beginning in January. Executive Chairman Richard Green has resigned effective Jan. 1, 2019 and the independent directors named David Schulte, President and CEO of CorEnergy to succeed him as Chairman of the Board. “Reflecting on my more than 30 years of experience as …

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Riley Permian leaders excited about well in the Permian

Oklahoma City-based Riley Exploration-Permian LLC reports initial strong production from the Brushy Bill well it drilled in the Permian Basin. Chairman and CEO Bobby Riley says the results from the well in the Company’s Champions asset in Yoakum County, Texas n the San Andrews formation are “compelling.” The Brushy Bill had first oil production on …

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Distribution announced for shareholders at Tulsa’s NGL Energy Partners LP

  Investors in Tulsa’s NGL Energy Partners LP got news this week that the company’s Board of Directors declared a distribution for the quarter ending Dec. 31, 2018. The distribution amounts to $0.5625 per unit of the Partnership’s 9% Class B Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred units. The payments will be made on Jan. …

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Democrats name members to State Senate committees

The Oklahoma Senate minority leader Kay Floyd’s announced committee assignments for the coming session of the legislature where issues directly affecting Oklahoma’s energy industry will be handled. The two Democrats named to the Senate Energy Committee are Senator Kevin Matthews and newly-elected Senator Mary Boren. Senator Floyd called the addition of Senator Boren, an attorney …

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Governor seeks help from SBA for eastern Oklahoma storms

The late-November storms that affected utility companies and damaged more than 90 homes and businesses in eastern Oklahoma prompted Gov. Mary Fallin and the Cherokee Nation to request a disaster declaration from the U.S. Small Business Administration. The storms packed tornadoes, severe storms and straight-line winds on Nov. 30. Damage assessments found more than 90 …

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PSO named a Business Customer Champion

    Public Service Company of Oklahoma is a Business Customer Champion. The Tulsa-based company that has more than 550,000 customers in the state was named a 2018 Business Customer Champion in a Cogent Reports study by Market Strategies International.  The award honors utilities that show exceptional performance on Brand Trust, Service Satisfaction and Product …

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Gasoline prices keep falling in Oklahoma

Less than one week before Christmas and Oklahoma drivers are getting an early present at the gas pumps where prices for the state average $2.04 a gallon. That’s two cents cheaper than a week ago and compares to the $2.30 drivers paid a month ago and to the $2.19 they paid one year earlier. AAA …

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