Teddy Roosevelt, the 26th President of the United States does not have a Presidential library in his honor. But Oklahoma oil tycoon and billionaire Harold Hamm hopes his $50 million contribution will change that. He recently made the donation to create a Theodore Roosevelt Presidential Library in the badlands of North Dakota, the state …
January 2023 archive
New York investment firm increases holdings in Gulfport Energy
A recent government filing revealed that New York Investment adviser, MacKay Shields, LLC is now a nearly 12% holder of shares in Oklahoma City’s Gulfport Energy Corporation. The filing with the Security and Exchange Commission showed that MacKay Shields is the beneficial owner of 2,301,790 shares or 11.67% of the common stock of Gulfport. …
Work to begin on world’s largest wind farm in southern Wyoming
Groundbreaking could be this year on a planned $5 billion 1,000 wind turbine power project in Wyoming that could create the largest wind farm in the world. Much of the work will be on the Overland Trail Ranch south of Rawlins, a ranch owned by Denver billionaire Phillips Anschutz, who once owned The Oklahoman …
Drone maker supplies Navy in new deal
Kratos, the drone maker with production in Oklahoma City, completed a recent deal allowing the U.S Navy to become the newest operator of the firm’s XQ-58A Valkyrie drone. Some of the details are still classified according to a report by The Drive which said it’s part of a “killer” program. Under the now-revealed deal, …
Corporation Commission edges closer to relocation caused by renovation project
Oklahoma Corporation Commissioners were told that technology advancements made by the agency in the past five years will prevent a “nightmare” when the commission and other agencies will be relocated in March due to a multi-million dollar remodeling of the Jim Thorpe building at the state capitol. Brandy Wreath, Director of Administration for the …
Phillips 66 announces investment in NGL pipelines
Phillips 66, the company with a refinery in Ponca City, Oklahoma announced a $3.8 billion acquisition of the common units of DCP Midstream, LP. The move will make Phillips a limited partner in DCP Midstream for a cash consideration of $41.75 per common unit and increase its economic interest in DCP to 86.8%. “We …
Energy headlines
** An alleged terror attack temporarily disables a 100 MW solar array in Nevada that provides power to 13 Las Vegas casinos. ** The U.S. Department of Energy has rejected the first batch of bids from oil companies to resupply a small amount of oil to the nation’s emergency crude oil stockpile in February, according to a …
Company with plans for facility in St. Louis hit with major pollution fine in Israel
An Israeli company planning a St. Louis facility to manufacture components for lithium ion batteries agreed to pay a $33.5 million fine for pollution at a site in Israel. The St. Louis Post-Dispatch reported it was the largest such penalty in Israel’s history. Click here for St. Louis Post-Dispatch
Winter storm costs from 2021 reflected in latest requests approved by Oklahoma regulators
Oklahoma Corporation Commissioners approved two more utility matters concerning fuel adjustment requests which covered extreme natural gas purchases during the 2021 winter storm. The reviews are required under state law, in which the Commissioners are tasked with the requirement that they “shall continually monitor and oversee the application of all fuel adjustment clauses.” The …
Oil Producers Alliance to hold legislative briefing
An energy briefing from legislators is planned in a few weeks by the Oklahoma Energy Producers Alliance. The briefing is scheduled for Monday, Jan. 23 beginning at 11 a.m. in room 535 of the State Capitol An email alert from the OEPA indicated the briefing will include a discussion of the current state of …