July 25, 2023 archive

Oklahoma credit rating reaffirmed by S and P Global Ratings

S&P Global Ratings has issued a revised outlook for the State of Oklahoma, elevating its status from stable to positive, and affirmed the state’s ‘AA’ long-term issuer credit rating, State Treasurer Todd Russ announced Tuesday. The upgraded outlook from stable to positive applies to the appropriation-backed outstanding debt of the Oklahoma Development Finance Authority (ODFA) …

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ONEOK files more proxy material for Magellan Midstream merger

  ONEOK, Inc.  announced that it has filed definitive proxy materials with the U.S. Securities and Exchange Commission in connection with ONEOK’s pending acquisition of Magellan Midstream Partners, L.P. The ONEOK Special Meeting of Shareholders  is scheduled to take place on Sept. 21, 2023, at 9:00 a.m. Central Time (10:00 a.m. Eastern Time). The Special …

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Headlines

** The fate of a controversial natural gas pipeline in West Virginia may rest with the U.S. Supreme Court, as the state appealed a lower court’s ruling that temporarily blocked construction despite a Congressional order clearing the way for the project. ** The Biden administration is considering a new set of tariffs on some steel …

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Latest battle plan to target pesky red cedar trees in Oklahoma

  Another effort is being proposed in Oklahoma’s seemingly never-ending fight against red cedar trees along the North Canadian River. State Rep. Mike Dobrinski, R-O’Keene, filed a bill to spend $3.2 million to target the trees on 5,000 acres of the North Canadian River watershed stretching from the Panhandle to Oklahoma City. Dobrinski calls it …

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Refinery shutdown in Louisiana could mean higher gasoline prices

  Oh oh.  Gasoline prices might take a jump following the shut down of an Exxon Mobil Corp. refinery for unexpected repairs. It happened at Exxon’s Baton Rouge, Louisiana refinery, one of the largest in the nation and the shutdown could last for much of the rest of the summer driving season according to a …

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