The Oklahoma Corporation Commission held a rare public hearing this week, listening to public comments from those for and against the $332 million rate hike requested by Oklahoma Gas and Electric. While some might have anticipated fiery criticism from customers, it turned into more of a Chamber of Commerce style event in support …
After climbing 2% on Tuesday, crude oil prices dropped 1% Wednesday, thanks to continued anxiety over weak U.S. gasoline demand. Plus, there was economic data that might spur the Federal Reserve to keep interest rates higher for longer. It also proved to be a weak trading day for Oklahoma energy stocks. West Texas Intermediate crude …
Results of Vital Energy’s recent annual shareholders meeting were revealed this week in a filing with the Securities and Exchange Commission. Shareholders approved the election of three directors, Jarvis V. Hollingsworth, Lisa M.Lambert and Lori A. Lancaster. They also voted to appoint Ernst & Young as the company’s independent registered public accounting firm for the …
Oklahoma’s STEM education program got an $80 million boost this week from the Oklahoma legislature. The State House of Representatives approved legislation to allocate $80 million from the Legacy Capital Financing Fund to construct, refurbish and expand life science facilities at Oklahoma State University. Rep. John Talley, R-Stillwater, presented House Bill 2893 on the House …
Vital Energy, Inc. announced a plan to convert some of its Series A Preferred stock into common stock in the Oklahoma City company. The announcement pertained to all outstanding shares of Vital’s 2.0% Cumulative Mandatorily Convertible Series A Preferred Stock,par value $0.01 per share. They will be onverted into shares of the firm’s common stock, …
Attorney General Gentner Drummond is warning Oklahoma consumers about a new scam in Oklahoma involving text messages about overdue toll charges. Some Oklahomans have received messages claiming they owe past due toll charges along with a link to click and pay. However, the scam messages are phishing attacks designed to steal personal information. “These scammers …
Tulsa’s major coal-mining company, Alliance Resource Parnters, L.P. revealed in an announcement this week it was one of the firms that suffered when a cargo ship plowed into the major bridge crossing the Baltimore harbor and destroyed it. Alliance, considered one of the largest east-coast coal mining firms said as a result of the …
No surprises came out of the recent annual meeting of stockholders in Gulfport Energy Corporation in Oklahoma City. Results of the elections were announced this week indicating that shareholders elected the slate of directors. Timothy J. Cutt, David Wolf, Jason Martinez, Jeannie Powers, David Reganato, John Reinhart and Mary Shafer-Malicki were elected to serve …
The 1 million acres of Texas Panhandle land scorched by the late February wildfires that spread into western Oklahoma are quickly recovering. Green grass is popping up on land that had been darkened by the deadly fires that left two people dead along with more than 10,000 head of cattle. Losses are still estimated …
Oklahoma’s oil and gas industry came out a winner in the recent budget deal announced by legislative leaders. The agreement included $50 million for a tax rebate program for methane-reduction equipment upgrades. The Oklahoma Tax Commission will administer a revolving fund and allow companies to claim up to 25% of their costs to …
