The gain of $1 a barrel for crude oil prices Wednesday didn’t help Oklahoma energy stocks much at all as they were mixed in trading. The boost in crude prices came as investors await probable fresh supply cuts from OPEC+ and analyze the jump in U.S. crude stockpiles. US benchmark, West Texas Intermediate gained $1.45 …
Crude stocks at the Cushing Hub in Oklahoma and across the U.S. recorded gains in the most recent reporting period, reported the U.S. Energy Information Administration. The gains came as a Japanese refiner permanently closed a 120,000-barrels-a-day refinery in western Japan while another company announced plans to shut down a similar-sized refinery in March …
Proposed Heartland Flyer extension, connecting Oklahoma City to Newton. (Courtesy Kansas …) Updating the latest efforts to extend Amtrak rail passenger service from Oklahoma City north to Newton, Kansas, the Kansas Transportation Department is attempting to get input from travelers in Oklahoma, Kansas and Texas. A push is underway not only to extend the Heartland …
Arkansas utility regulators recently approved a $142 million offer from Entergy to repay ratepayers for the firm’s alleged mismanagement of its Grand Gulf nuclear power plant in Mississippi. The Arkansas Public Service Commission had rejected the offer in August 2022 as insufficient, but dropped its objections with little fanfare last month. Arkansas Business reported …
Oklahoma Corporation Commissioner Bob Anthony came out Wednesday with a claim that the constitutional rights of ratepayers are “repeatedly violated” because the attorney general is “trying to represent competing interests at the same time.” While critical of the situation for Attorney General Gentner Drummond, Commissioner Anthony also praised Drummond’s for finally carrying out an …
Tulsa’s Alliance Resource Partners, L.P. plans to take part in an upcoming conference to attract investors. Alliance, the largest coal producer in the eastern U.S. but headquartered in Tulsa, plans to be part of the NobleCon19-Noble capital Markets 19th Annual Emerging Growth Equity conference on Dec. 4 in Boca Raton, Florida. The conference is …
Cheniere Energy, the Houston firm with the Midship natural gas pipeline extending from Kingfisher, Oklahoma south to the state line, announced a major long-term contract with a leading natural gas producer in Canada. Cheniere said its Sabine Pass Liquefaction Stage V, LLC made the deal with ARC Resources U.S. Corp., a subsidiary of ARC …
( Photographer: Al Drago/Bloomberg via Getty Images) U.S. Sen. Markwayne Mullin says the “sky’s the limit” if and when rural Oklahoma is able to have access to expanded broadband service and reliable high-speed internet. Writing in his latest “Mullin It Over” column, the Republican Senator stressed the importance of achieving high-speed internet service for rural …
Some 700 acres in southern Arkansas are soon to be the site of a 100 Megawatt solar project. Primergy Solar recently obtained commitments for $300 million in debt finance and tax equity investment for the Prairie Mist solar project located near Crossett, Arkansas. Prairie Mist will be the first step in construction of an …
An activist investor wants to use a $1 billion stake in Phillips 66 to demand two seats on the board of directors—and the name is not Carl Icahn. Instead, it is the effort of Elliott Investment Management, which according to reports, sent a letter to the company’s board , saying it can improve economics …
