China’s move on Monday to do something about its sagging economy resulted in a gain in crude oil prices as well as Oklahoma energy stocks. Here’s what China did. It halved stamp duty on stock trading in its latest attempt to boost struggling markets. West Texas Intermediate crude, considered the US benchmark, gained 45 cents …
A quick announcement from the Oklahoma Corporation Commission. The Oil and Gas Conservation Division will be performing server maintenance beginning at 4:30 PM on August 29, 2023. Systems will be down during this time, and the outage is anticipated to last 2 to 3 hours. Applications affected include EWFILER, Well Browse, eForms, RBDMS.net, and ITD. We …
Just when you thought maybe fall had arrived early…..sorry. The triple digit heat is returning to Oklahoma and the region. Oklahoma Climatologist Gary McManus says it will arrive as early as Friday and perhaps on Thursday. Oh, a word of warning if you intend to go to either the OSU or OU home …
Labor Day weekend travel is expected to be busier this year than in 2022 and AAA says increased gasoline prices probably won’t affect the end of summer travel. As usual, most Labor Day travelers will drive to their holiday destinations, closing out the summer with one more Great American Road Trip. Gas prices, which …
Electric car manufacturer Canoo Technologies announced it has named current Board Member Greg Ethridge as Chief Financial Officer, succeeding Ken Manget. Ethridge will report to Canoo Chairman and CEO, Tony Aquila. The company said in its Monday announcement that the move is effective immediately, and Ethridge will assume responsibilities for capital markets, investor relations, …
In a fireside chat with OU President Joseph Harroz Jr., billionaire oilman and the founder of Continental Resources, Harold Hamm will reflect on his new book, Game Changer: Our 50-Year Mission to Secure America’s Energy Independence, which outlines his 50-year journey to helping restore America as an energy superpower. Copies of the book will …
Cherokee Nation and its businesses will observe the expansion of Cherokee Film Studios in Owasso. Details regarding the tribe’s second soundstage will be shared during a groundbreaking ceremony at 10 a.m. on Wednesday, Aug. 30. Cherokee Film Studios, Owasso Campus, is the first of its kind in Oklahoma and Indian Country, including a state-of-the-art …
Oklahoma’s Dougherty Forestry Manufacturing broke ground recently for a new manufacturing plant near El Reno. The 28,000-square-foot facility will house manufacturing equipment for Dougherty’s equipment used in land and forest management. The company stated it plans to hire 20 to 30 workers to help in the manufacture of tree cutting and clearing equipment such …
ONEOK, Inc. says it has completed its previously announced underwritten public offering of nearly $5.2 billion in notes to finance its merger with Magellan Midstream Partners, L.P. of Tulsa. The sale included $750 million of 5.550% notes due 2026, $750 million of 5.650% notes due 2028, $500 million of its 5.800% notes due 2030, …
West Texas oil and gas interests were successful in stopping a temporary nuclear waste storage facility. Their victory came when the three-judge panel of the New Orleans-based 5th U.S. Circuit Court of Appeals canceled a license granted in 2021 by the U.S. Nuclear Regulatory Commission. The Court determined the NRC lacked the authority under …
