An Oklahoma Corporation Commission administrator is telling legislative leaders and others that a proposed $50 tax on every wind turbine in the state would raise less than $200,000 a year. Public Utilities Director Brady Wreath says administrative costs would be more than $225,000 a year. “While the requested $50 per turbine fee does not fully …
Filings with the Securities and Exchange Commission by directors at NGL Energy Partners LP reflect a change in stock ownership. Four directors and officers of the company made the filings. Executive Vice President, General Counsel and Corporate Secretary Kurston Patrick McMurray sold 3,574 shares at $11.82 each. The company’s Chief Accounting Officer, Lawrence J. Thuillier …
Federal prosecutors in Oklahoma City say they collected nearly $11 million last year from criminal and civil cases including environmental matters. Robert J. Troester of the U.S. Attorney’s office said the figure was $10,624,311 in the fiscal year ending Sept. 30, 2018. Most of the money came from civil actions and it totaled $4,932,069 while …
Midstates Petroleum Company, Inc. in Tulsa announced the final results of its tender offer to purchase for cash up to 5,000,000 shares of its common stock (the “shares”) at a price of $10.00 per share, which expired at 5:00 p.m., New York City time, on Tuesday, February 12, 2019. Midstates has accepted for purchase …
ConocoPhillips has come out and advised shareholders it is not endorsing a mini-tender offer by Baker Mills LLC to buy up to 50,000 shares of ConocoPhillips common stock. It is an unsolicited offer to buy the shares from stockholders and the offering price is $55 a share. ConocoPhillips said in a recent announcement the offer …
Public Service Company of Oklahoma announced a $50,000 grant to the University of Tulsa on behalf of the American Electric Power Foundation to help bring new state-of-the-art equipment and technologies to the school’s Electrical and Computer Engineering (ECE) Department. The grant will go toward updating the department’s Electric Machines Lab, initiating a Power Electronics …
Senator James Lankford provided the keynote address at the commissioning of the new Littoral Combat Ship (LCS), the USS Tulsa. Lankford attended the commissioning at Embarcadero Pier 30/32 in San Francisco, CA. “It is a great honor to join so many Oklahomans to officially welcome the USS Tulsa into the Navy’s LCS fleet,” said Lankford. “The USS Tulsa truly represents …
More than a year after Marathon Oil Co. drilled a Grady county well, it filed a completion report showing initial oil production of 1,630 Boed along with 5,911 Mcf of gas The Lightner 0505-1-18-19wxh is located about one mile southeast of the town of Alex (19 5N 5W) and had a spud date of October …
Tulsa’s Laredo Petroleum reported fourth quarter 2018 net income of $149.6 million or 65 cents a share. It also stated its net income for all of 2018 totaled $325 million which translated to $1.39 per diluted share. Laredo’s production averaged 68,168 barrels of oil equivalent a day during 2018 which was a 17% increase over …
After 117 years of being Oklahoma owned, the Perry-based Charles Machine Works, makers of Ditch Witch equipment has been sold in a $700 million deal to the Toro Company. Toro is based in Bloomington, Minnesota and explained it is a cash deal for the Ditch Witch company that was founded in 1902. The deal is …
