October 15, 2024 archive

Crude oil plunged 4% on Tuesday and took some OK energy stocks along for the ride

  Tuesday wasn’t kind to crude oil prices as they slid more than 4% to nearly a two-week low. It also paved the way for some big losses among Oklahoma energy stocks. The fighting in the Middle Easst and reports that Israel’s Prime Minister Netanyahu told President Biden any attacks on Iran would avoid oil …

Continue reading »

Legislators “encouraged” by Supreme Court hearing on Corporation Commissioner Hiett

The three Oklahoma legislators who filed suit in a bid to stop Corporation Commissioner Todd Hiett from voting in rate cases involving OGE, ONG and PSO say they are thrilled the Supreme Court agreed to hear oral arguments in November. Reps. Tom Gann, R-Inola, Kevin West, R-Moore, and Rick West, R-Heavener,  issued statements regarding the …

Continue reading »

ONEOK completes $3.3 billion acquisition after government waiting period

  ONEOK, Inc. announced the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 and the successful completion of its acquisition of Global Infrastructure Partners’ entire interest in EnLink Midstream, LLC, for a total cash consideration of approximately $3.3 billion. The acquisition consists of 43% of EnLink’s outstanding common units for $14.90 per …

Continue reading »

New board member at American Gas Association is ONE Gas CEO

    The American Gas Association (AGA) Board of Directors has elected Lloyd Yates, President & Chief Executive Officer of NiSource Inc. in Columbus, OH, to be Chair of the Board for 2025. For the coming year, the AGA’s Board Officers will also include First Vice Chair Sid McAnnally, President & CEO of ONE Gas, Inc. based …

Continue reading »

Judge approves final settlement in 2013 Mayflower oil spill in Arkansas

  Eleven years after more than 200 gallons of crude oil leaked out of what was called the Pegasus Pipeline in Mayflower, Arkansas and forced the evacuation of nearly two dozen homes, a settlement in the case has been approved by a federal judge. Chief Judge Kristine G. Baker said she found the agreement to …

Continue reading »

Mitchell Talks Energy with Jerry Bohnen as the Oklahoma Supreme Court sets a date to hear lawsuit by 3 legislators against Corporation Commissioner Todd Hiett

  The date is set—Nov. 12 when all of the Supreme Court Justices in Oklahoma plan to hear oral arguments in the lawsuit filed by a handful of legislators trying to block Commissioner Todd Hiett from voting on rate cases for 3 major utilities. Find out more in our latest podcast.

TenKiller water increase request stuns ratepayers

    Stunned by a proposed nearly 80% rate hike over three years, customers of the northeast Oklahoma Tenkiller Waterworks company are fighting mad. They’ve organized a petition drive against the rate hike filed in recent days with the Oklahoma Corporation Commission. A Facebook report indicated at least 200 had signed the petition. “I urge …

Continue reading »

Alliance Resources to reveal 3Q earnings report in late October

  After recording a nearly 8% drop in total revenues in its second quarter, Tulsa-based Alliance Resource Partners, L..P. prepares to unveil its third quarter 2024 financial results. One of the largest coal-operating companies in the U.S., Alliance will report the results before the market opens on Monday, Oct. 28. Company management will hold a …

Continue reading »

Boeing workers at Tinker Air Force Base might not be immune from planned layoffs

    The layoff notices for thousands of Boeing workers across the U.S. will go out within a few weeks, a move announced last week by the aircraft manufacturer as it deals with a crippling strike. The question remains—will some of the 17,000 jobs to be cut by Boeing take place in Oklahoma? If so, …

Continue reading »

Energy briefs

** More than 550 incarcerated men suffered in North Carolina prison cells without lights or running water for five days after Helene, until they finally were transferred to different facilities. ** Chevron announced a donation of $250,000 to support relief and recovery efforts after Hurricane Milton devastated parts of Florida. The funds will provide support for emergency …

Continue reading »