October 29, 2023 archive

Mullin calls for industry solutions not overregulation of plastic waste issue

  Oklahoma U.S. Sen. Markwayne Mullin believes private industry should be the ones solving the issue of plastic waste, and not overrulgation from the federal government. It’s the message he delivered at a recent Senate Environment and Public Works Committee hearing on evaluating material alternatives for single-use plastics. Mullin is the Ranking Member of the …

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Mach’s IPO raises millions on first day of the offering

  Oklahoma City’s Mach Resources raised a reported $190 million on its first day of being listed on the New York Stock Exchange. The Anadarko basin oil and gas operator had priced its initial public offering on the Exchange, expecting to raise $171.7 million of net proceeds. It had proposed 10 million common units priced …

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Alliance Resources reports increased 3Q revenues

  Tulsa-based Alliance Resource Partners, considered one of the major coal mining companies in the nation, reported increased total revenues in the third quarter, but also lower net income. The company released its earnings report on Friday showing total revenues of $636.5 million compared to $632.5 million a year earlier. The slight gain was attributed …

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Cherokee Nation loses casino license bid in Arkansas

  After spending $35 million for land where it hoped to build a $225 million casino in Arkansas, the Cherokee Nation Businesses was turned down in its bid for a casino license. The Arkansas Supreme Court upheld a ruling that voided Cherokee Nation Businesses’ casino license, according to Arkansas Business. The court ruled 5-2 against …

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City of Piedmont explores remedy to oilfield damaged streets and roads

  A City Councilman in the city of Piedmont is blaming oil well drilling activity around his city for messy and muddy roads and he wants the city ordinances updated to deal with the problem. Byron Schlomach, the Ward 5 Council member complained at a recent meeting about the damage to Arrowhead Road and NW …

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