Poultry producers are asking Tulsa U.S. District Judge Gregory Frizzell to throw out his long-awaited ruling that was issued in January of this year and declared they had polluted Oklahoma’s Illinois River with their chicken waste. The producers, Tyson Foods Inc. of Arkansas, Cargill Inc of Minnesota , Cal-Maine Foods Inc., Tyson Poultry Inc., …
October 2023 archive
3Q reports coming from ONEOK, Gufport and Chesapeake Energy
Tuesday will be a busy day for some Oklahoma energy companies as they prepare to release their quarterly finance reports. Among the firms are ONEOK, Gulfport and Chesapeake Energy. ONEOK will release its report after the market closes on Halloween afternoon, then management will hold a conference call on Nov. 1 to discuss the …
Stunned and shocked Ardmore leaders to go before Senate hearing to discuss Michelin plant closing
“Michelin was Ardmore and Ardmore was Michelin.” That’s the declaration of Bill Murphy, president of the Ardmore Chamber of Commerce and what he told KOCO TV news following the devastating news in the past week that Michelin plans to close the tire production facility in 2025. Ardmore city leaders will have an opportunity Tuesday …
Winter forecast—higher fuel oil costs but lower propane expenditures
It wasn’t too many years ago when propane prices in Oklahoma and the Midwest were sky high during the winter, but this winter, Oklahomans who use propane for home heating will find a welcome scenario. A winter forecast from the U.S. Energy Information Administration predicts customers who use propane for home heating will see lower …
Energy updates
** The Scheduled Special Meeting of the Oklahoma Space Industry Development Authority (OSIDA) scheduled for November 1st, 2023 has been cancelled. ** Cheniere Energy Partners, L.P.declared a cash distribution of $1.03 per common unit to unitholders of record as of November 6, 2023, comprised of a base amount equal to $0.775 and a variable amount …
Chevron’s acquisition of Hess could mean oil production competition for Continental Resources
Oklahoma City’s Continental Resources could see some increased competition in its oil and gas exploration in the Bakken shale play in North Dakota, thanks to last week’s announced deal by Chevron to buy Hess. Hess is one o f the largest operators in the Bakken play and the multi-billion dollar deal could mean an …
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 …
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 …
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 …
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 …