February 13, 2019 archive

Only 8 Senators opposed sweeping conservation bill and Oklahoma’s Senators were 2 of them

When the U.S. Senate passed what some call  the most sweeping conservation legislation in a decade this week, the vote was overwhelming—92 to 8.  And Oklahoma Senators Jim Inhofe and James Lankford were among the eight who opposed the measure. They were joined by Senators Cruz of Texas, Johnson of Wisconsin, Lee of Utah, Paul …

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AEP expands national energy holdings in $1 billion deal

American Electric Power, the parent company of Public Service Company of Oklahoma is expanding its energy reach in a more than $1 billion purchase of Sempra Renewables LLC. Sempra has 724 MW of wind and battery assets and is headquartered in Columbus, Ohio. AEP will pay $1.056 billion for Sempra’s wind assets. The deal includes …

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Government sues former AG candidate over death of 40,000 trees

He ran for Oklahoma Attorney General last year and lost and now finds himself sued by the federal government. Tulsa attorney Gentner Drummond is accused by the U.S. Army Corps of Engineers of spraying herbicide that killed more than 40,000 trees around Birch and Skiatook lakes in northeast Oklahoma. The lawsuit also filed against the …

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New leadership at CorEnergy

CorEnergy Infrastructure Trust, Inc., the Kansas City real estate investment trust that owns pipelines, storage terminals and transmission assets announced the promotion of three company executives. David Schulte added the role of Chairman of the Board of CorEnergy to his position as President and Chief Executive Officer as of January 1, 2019, as previously announced. …

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Engine manufacturer Cummins Inc. declares quarterly dividend

Cummins Inc. the big engine manufacturer based in Indiana but with a major facility in Oklahoma City announced a quarterly common stock cash dividend of $1.14 per share. The Board of Directors declared the dividend and stated that it will be payable on March 7, 2019 to shareholders of record on Feb. 22, 2019. Cummins …

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Midstates Petroleum will buy $50 million in shares through tender offer

  Midstates Petroleum Company, Inc.announced Wednesday the preliminary results of its tender offer to purchase for cash up to 5,000,000 shares of its common stock. The offer price was $10 a share and the offer ended Tuesday, February 12 at 5 p.m. New York City time. Based on the preliminary count by American Stock Transfer …

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While Sierra Club pushes solar energy in Oklahoma, industry jobs drop for 2nd straight year nationwide

(solar power from parking lot at OKC VA hospital) Even though a new report indicates that the number of jobs in the nation’s solar industry dropped for a second straight year in 2018, Oklahoma’s Sierra Club is pushing approval of several solar energy bills in the legislature. The new report, under the heading “Solar Jobs …

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SEC filing reflects ownership of Devon Energy shares

A new Securities and Exchange Commission filing by Invesco Ltd. shows the Atlanta, Georgia-based firm now owns 5.8% of the shares in Oklahoma City’s Devon Energy Corp. The filing indicated the firm owns 26,971,655 shares. Nineteen subsidiaries of Invesco made the Scheduled 13G  filing.

ODOT introduces safety patrol vehicles for OKC metro

    Oklahoma drivers can expect to see some extra help on highways and interstates as they drive into 2019. The Oklahoma Department of Transportation is increasing its accident response capability in the Oklahoma City metro with the addition of two GO-DOT safety patrol vehicles. Originally introduced in August 2018 as part of the I-235 …

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DOT Director to retire and his successor has been named

    Oklahoma Department of Transportation Executive Director Mike Patterson announced that he will retire April 1 after a nearly 40 year career with the agency. In addition to his leadership of ODOT, Patterson was also appointed to be Gov. Mary Fallin’s Secretary of Transportation in 2017. The Oklahoma Transportation Commission announced the appointment of …

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