After a big drop on Tuesday, crude oil prices rose more than 2% on Wednesday because of fears Hurricane Francine might hit U.S. offshore oil production and cause production shutdowns. The gain also came as the country reported an increase in crude inventories. However, the Cushing Hub saw a decline. West Texas Intermediate crude rose …
September 11, 2024 archive
Explosion at Maysville gas plant substation injured 3 workers
Three persons are recovering after being injured in an explosion and fire at a Maysville substation connected to a gas plant. The incident occurred Wednesday morning around 8:45 and the three were medi-flighted to the OU Health and Baptist hospitals in Oklahoma City. Garvin County Emergency Manager Dave Johnson was quoted as saying an …
OGE crews in Louisiana with storm damage recovery efforts
If there is extensive damage in Louisiana over the anticipated arrival of Hurricane Francine, Oklahoma Gas and Electric Company crews are there to assist with electrical power recovery. Nearly 150 line crew members left Oklahoma early Wednesday morning representing OG&E stations from Oklahoma City, Enid, Ardmore, Muskogee, Kellyville, and Fort Smith, Arkansas. The company …
Helmerich and Payne announces $1.25 billion notes offering to pay for international acquisition
Tulsa-based Helmerich & Payne announced it had priced an offering of $1.25 billion in senior notes to help pay for its recent acquisition of an international oil and gas operation headquartered in the United Kingdom. The acquisition, announced in late July, totaled $1.9725 billion in cash as Helmerich & Payne took over KCA …
Lobbyists for and against EVs pour millions into Capitol Hill
(Photo by Jonathan Raa/NurPhoto via Getty Images) A review of the amount of money dumped into lobbying efforts, both pro and con when it comes to EVs, shows the eventual total for 2024 will surpass what was spent last year. Open Secrets found intense lobbying efforts came from supporters of electric vehicles and those who …
Ceremony marks broadband expansion into Oklahoma’s Creek County
Two high-speed internet expansion projects worth $4.8 million were launched Tuesday afternoon in the town of Slick in Creek County by the Oklahoma Broadband Office and ecoLINK fiber services. The projects, funded through $2.9 million in federal grants administered by the OBO coupled with $1.9 million in matching funds from ecoLINK, a subsidiary of …
Halliburton sets date for release of 3Q earnings report
Halliburton Company is already planning for the release of its third quarter financial results. The company announced it will make the release before the start of a conference call scheduled for Thursday, Nov. 7, 2024. The call will begin at 8 a.m. Central Time. The Company will issue a press release regarding the third …
ONEOK offers $7 billion in notes to pay for acquisitions
ONEOK, Inc. announced that it has priced an offering to sell $7.0 billion of senior notes, consisting of: $1.25 billion of 3-year senior notes at a coupon of 4.25%. $600 million of 5-year senior notes at a coupon of 4.40%. $1.25 billion of 7-year senior notes at a coupon of 4.75%. $1.60 billion of 10-year senior notes at …
Northern Arkansas Electric Cooperative drops one CEO and hires another
A northern Electric Cooperative has quietly removed its CEO Jeremiah Sloan and replaced him with a new interim boss. The change in leadership put Jeremiah Sloan out of a job as head of the Craighead Electric Cooperative. He’s been replaced by Mel Coleman, CEO of the North Arkansas Electric Cooperative and Coleman is pulling …
Oil and gas groups angry over federal judge’s ruling against Gulf of Mexico oil and gas operations
The Maryland Federal Judge’s ruling to vacate approval of some oil and gas drilling operations in the Gulf of Mexico has angered several oil and gas and energy groups. Six of them came out Tuesday opposing U.S. District Judge Deborah Boardman’s recent decision to vacate the 2020 Gulf of Mexico Biological Opinion, a ruling they …
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