“here we are, debating a $1.5 TRILLION Green New Deal wish list instead of a smart infrastructure bill.” Oklahoma Congressman Frank Lucas went after the Democrats on Tuesday during debate over their Moving Forward Act, calling it another Green New Deal bill. The Republican Representative (OK-03) who is the ranking member of the House …
2020 archive
Nebraska’s Economy Shocked by COVID-19
Nebraska’s economy began 2020 on what appeared to be solid footing, but has been shocked in ways bearing little resemblance to anything experienced in modern times. As COVID-19 began to spread across the globe from January to March, leading to widespread economic shutdowns, business activity collapsed and a massive number of individuals suddenly were out …
Mullin promotes cross-border energy projects
Congressman Markwayne Mullin (OK-02) on Tuesday introduced the Promoting Cross-Border Energy Infrastructure Act, which would encourage and promote the construction of energy infrastructure across border lines with our North American neighbors. “Energy production in the United States plays a vital role in our country’s job creation and economic growth,” Mullin said. “This legislation simplifies the construction …
Central Oklahoma water use permits approved
The Oklahoma Water Resources Board recently approved the permits for the amount of water that can be used from the Garber-Wellington Groundwater Basin in Central Oklahoma. The OWRB held its June board meeting virtually on Tuesday, June 16th. It marked the third consecutive virtual board meeting for the OWRB. The Board voted to approve the …
Drone maker to move headquarters to OKC
A U.S.-Spanish aerospace and drone manufacturer, Skydweller Aero Inc. announced Tuesday it is establishing its corporate headquarters and engineering operations in Oklahoma City and testing and integration in Ardmore, Oklahoma. Skydweller, a firm developing renewably powered aircraft for defense and commercial industries, plans to increase operations to 120 aerospace engineering and field technician jobs in Oklahoma by 2024. “It …
ONEOK updates its line of credit agreement
Tulsa-based ONEOK made a filing with the Securities and Exchange Commission reflecting an extension of its $2.5 billion revolving credit agreement. The filing indicated it was a second amendment to the agreement dated April 18, 2017 with Citibank, N.A. It requires ONEOK to maintain a leverage ratio as of the end of each fiscal …
Energy news in brief
** Mirage Energy Corp. has known financial hardship. In a recent regulatory filing, company officials raised the possibility that Mirage may not survive as a “going concern.” Yet the San Antonio natural gas pipeline and storage company said earlier this month it had secured a $4 billion loan to build pipeline and natural gas projects in Mexico. …
ConocoPhillips set to resume crude production in July
ConocoPhillips announced its estimated production curtailment amounted to 225,000 barrels of oil equivalent a day in the second quarter of 2020. It also intends to resume production in most operations beginning in July. The company said 65% of the curtailments were in the Lower 48 and 15% were in Alaska. Another 15% were in …
Increased revenues reported by Prime Energy
Houston-based Prime Energy, a firm with major operations in Oklahoma, Texas and West Virginia reported increased revenues in the first quarter that ended March 31, 2020. The company stated its revenues were $26,108,000 compared to $24,419,000 reported one year ago. Prime Energy also reported a net loss of $170,000 compared to more than $3 …
XTO reports southern Oklahoma success
Southern Oklahoma is where a Texas energy firm has completed 5 wells on a single pad with crude oil production of more than 1,500 barrels a day. XTO Energy Inc., based in Spring, Texas filed amended completion reports on the wells that had spud dates in October and November 2018 and January of 2019. …