February 2019 archive

Still another US House committee holds climate change hearing

  It seems as if there have been and will be one House hearing after another into climate change on capitol hill. The latest is entitled “The State of Climate Science and Why It Matters.” The Democrats in control of the House Committee on Science, Space and Technology will hold the hearing on Wednesday, Feb. …

Continue reading »

Sen. Inhofe says arrival of KC 46 in Altus was “incredible weekend”

Oklahoma U.S. Sen. Jim Inhofe who chairs the Senate Armed Services Committee was still so excited over last week’s arrival of the first KC 46 refueling tanker at Altus Air Force Base he tweeted a statement on Monday. “What an incredible weekend. The KC-46 is back home in Oklahoma and ready to help in the …

Continue reading »

Legislator targets drones over rural Oklahoma

Oklahoma lawmakers are discussing proposed legislation to regulate the flying of drones over private property in rural areas. The legislative measure would forbid the flying of unmanned aircraft over rural properties unless the pilot is employed by the state or federal government, law enforcement, utility, oil and gas companies or is part of a commercial …

Continue reading »

Labor Commissioner wants audit to show she’s starting with a clean slate

 The Oklahoma Department of Labor has requested a turnover audit from the office of the State Auditor. “Under the new Stitt administration there is an increased call for transparency and effective use of taxpayer dollars”, stated Labor Commissioner Leslie Osborn.  In that vein we are requesting a financial audit of our agency to show a …

Continue reading »

SEC filing by Chesapeake Energy

A new filing with the U.S. Securities Exchange Commission by Oklahoma City-based Chesapeake Energy reflects ownership of company shares by The Vanguard Group. The filing showed the Group, based in Malvern, Pennsylvania owns 8.81% of the company shares totaling 80,569,098 that are beneficially owned. Vanguard owns 457,323 shares with a sole voting power and another …

Continue reading »

Democrats to hold another climate hearing

Oklahoma Congressman Markwayne Mullin and other Republicans on the House Energy and Commerce Committee have an idea where Democrats want to go when another hearing is held Tuesday. The nation’s climate. This time, the Democratic leadership of the 55-member committee wants to explore what it calls “wasted energy.” The hearing is entitled “Wasted Energy: DOE’s …

Continue reading »

Gasoline prices increase in Oklahoma and surrounding states

Gasoline prices rose in the past week in the U.S. and in Oklahoma where some places saw increases of 9 cents a gallon. AAA Oklahoma reports the state’s new average price is $1.99 which is 5 cents higher than last week at this time. The national average is $2.28 which also rose 2 cents per …

Continue reading »

Energy industry goes on the defense in New Mexico

The oil and gas industry and its supporters in New Mexico might take a cue from Thunder star Russell Westbrook when it comes to dealing with new legislative bills they fear will end up harming investments in the state. They’re forced to be on the defensive as the Texas Energy Report indicated this week. Bills, …

Continue reading »

Phillips 66 Partners indicated 4Q was strong with increased earnings

Leaders of Phillips 66 Partners LP described their fourth quarter 2018 as a “strong quarter” with reported earnings of $221 million and adjusted earnings of $309 million. The $221 million in earnings translated to $1.09 per diluted common share. The $309 million in adjusted earnings compared to $305 million in the third quarter of 2018. …

Continue reading »

NGL reports huge 3Q net income

Tulsa’s NGL Energy Partners LP reported nearly doubling its net income for the quarter ended December 31, 2018.  The income totaled $110.5 million compared to the $56.8 million in net income reported at the end of 2017. Adjusted earnings for the third quarter of Fiscal 2019 were $132.6 million, a nearly $10 million increase over …

Continue reading »