The mayor of a small town in the heart of the Permian Basin of West Texas wants to store some of the nation’s nuclear waste at a proposed site. Read the story at Finance and Commerce. Click here.
August 2019 archive
Scooters adding to greenhouse emissions
Those scooters you see ridden in downtown Oklahoma City and more and more metro areas might be harming the climate more than other forms of transportation according to one new study. E and E News reports that electric scooters may emit more greenhouse gas emissions than competing modes of transportation, resulting in a larger environmental …
Comparing WPX’s new $100 headquarters tower
The Tulsa World featured a pictorial comparison of how WPX Energy’s $100 million, 11-story new headquarters tower compares with other high-rise buildings in Tulsa. WPX announced plans for the new tower in June. Click here to view the Tulsa World story.
Mammoth Energy deals with federal investigation
Oklahoma City-based Mammoth Energy revealed more information about the federal investigation into the former President of the company’s subsidiary that handled contracts to restore electrical power electric power to Puerto Rico following the September 2017 category five Hurricane Maria. In a Form 10-Q filed with the U.S. Securities Exchange Commission, the company said the investigation …
Dividend declared for shareholders in Baker Hughes
Shareholders in Baker Hughes, a GE company are getting a cash dividend of 18 cents a share. The company’s board of directors declared the dividend on Class A common stock that will be payable on Aug. 23, 2019 to holders of record on Aug. 13, 2019. The dividend will be funded by a distribution of …
Commissioner complains to legislature about Universal Service Fund
Corporation Commissioner Bob Anthony has complained to legislative leaders about the rising Universal Service Fund costs that taxpayers are being forced to bear. In a recent letter to them, the Commissioner said complaints are increasing because of 400 and 500% increases in telephone surcharges. “In July 2019, the monthly OUSF fee charged on my personal phone …
T-Boone Pickens and oil
From Bloomberg’s Liam Denning Venerable oil baron Boone Pickens is giving up on oil — sort of. Less than 18 months ago, his fund launched an exchange-traded fund tracking stocks of companies expected to benefit from any increase in Brent crude oil prices. But soon, BOON — the ticker of the NYSE Pickens Oil …
Google’s impact on city of Pryor
In mid-June, Google CEO Sundar Pichai was joined by Oklahoma Governor Kevin Stitt to announce a $600 million expansion of its data center at the MidAmerica Industrial Park in Pryor, Okla. The project is expected to increase staff at the facility to more than 500 and is part of Google’s $14 billion investment in …
Trade war with China results in tumbling oil prices
Axios reports that oil and natural gas companies are staring down the barrel of a slowing economy, President Trump’s on-again-off-again Chinese trade war, persistently low oil prices that plunged Friday and even lower natural gas prices. Where it stands: Big Oil’s second-quarter earnings are mixed this week. European majors Total, Eni and Shell reported large drops in …
Tulsa Coal mining company completes $145 million oil and gas expansion in Permian Basin
Tulsa-based Alliance Resource Partners, L.P. announced that it has completed the previously announced acquisition of oil and gas mineral interests from Wing Resources, LLC and Wing Resources II, LLC for a cash purchase price of $145.0 million. Known for its coal production in the eastern U.S., the Oklahoma company expanded its oil and gas holdings. …