December 2023 archive

Space Board to hold special meeting

  A special meeting of the Oklahoma Space Industry Development Authority will be held Wednesday in Oklahoma City. The 1:30 p.m. meeting will be at the Commerce Department offices, 900 N. Stiles. The following is the agenda: AGENDA ITEMS TO BE PRESENTED BY OSIDA EXECUTIVE DIRECTOR CRAIG SMITH 5. EXECUTIVE DIRECTOR REPORT – (Information Only) …

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Phillips 66 plans smaller 2024 capital budget

  Phillips 66 announced its 2024 capital budget of $2.2 billion lower than the $2.5 billion it included in the 2023 capital budget. The new budget includes $923 million for sustaining capital and $1.3 billion for growth capital. Excluding joint venture debt repayments due in 2024, the company’s 2024 capital budget is $2 billion. “We continue …

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Halliburton prepares for 4Q earnings report to be released in January

  The results of the Halliburton’s fourth quarter 2023 financial report will be made known in late January. The company, with deep Oklahoma roots, announced it will hold a conference call on Tuesday, January 23 where the results will be discussed by corporate leaders. The call will begin at 8 a.m. Central Time and the …

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Oklahoma studies replacing gasoline tax with mileage tax

  Oklahoma transportation officials are taking a long, hard look at possibly eliminating taxes paid by drivers at the gas pump and replacing it with a user fee—one charged on the amount of miles driven by motorists in the state. It’s an idea that is growing around the nation as more electric vehicles take to …

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Unit declares three separate dividends for shareholders

  The board of directors of Tulsa’s Unit Corporation recently declared a quarterly cash dividend of $2.50 per share. It will be paid on December 27 to shareholders of record as of the close of business on December 18, 2023. A special cash dividend of $15 per share of common stock wll also be paid …

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Kansas leaders excited about rail study—Oklahoma officials are mum

(Max McCoy/Kansas Reflector)   The way Kansas Gov. Laura Kelly looks at the prospect of extending Amtrak’s Heartland Flyer passenger rail service in Oklahoma north into Kansas is it would help the Kansas economy. Not that it would help Oklahoma, but help Kansas. “The extension of the Heartland Flyer Passenger Rail would further connect Kansans …

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EV charging network slow to advance because of red tape

  Two years after the Biden administration convinced Congress to approve $7.5 billion in the name of placing electric vehicle chargers along the highways and interstates across the nation, including in Oklahoma, not a single charger has been installed under the program. Don’t look for them anytime soon. What’s the hold up? In many cases, …

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Austin becomes US headquarters of nation’s 2nd largest solar company

  Austin, Texas is the new US home of RWE, the second-largest solar owner and operator in the nation. The global renewable energy company has more than 300 workers based in Austin and 10,000 across the world.  RWE has plans to becomme the top renewable energy developer and operator in the U.S. The Austin American-Statesman …

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Corporation Commissioners oppose dismantling of trucking enforcement program

  Oklahoma’s three Corporation Commissioners have come out against a legislative task force recommendation to remove trucking enforcement from the agency and transfer it to the Department of Public Safety. They argue such a move will end up costing millions for taxpayers. “The OCC is gravely concerned with the proposal,” declared Commissioners Todd Hiett, Bob …

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Second attempt at rural broadband expansion program could be approved this week

After re-examining and exploring how it wants to spend $382 million in government money for an expansion and improvement of  internet service in rural Oklahoma, the Oklahoma Broadband Governing Board could vote this week on redrafted proposals. The Board is to meet Tuesday afternoon at 3 p.m. to consider an agenda that includes a possible …

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