The prospects of an end to some of the fighting in the Middle East sent crude oil prices up by more than 2% on Thursday. West Texas Intermediate crude rose $1.80 a barrel or 2.62% to close at $70.41 on the New York Mercantile Exchange. Brent crude gained 61 cents or 0.84% and closed …
A legal opinion issued this week by Oklahoma Attorney General Gentner Drummond slammed the door closed on an investigation by Corporation Commissioner Bob Anthony into the drinking and sexual abuse allegations against fellow commissioner Todd Hiett. In an opinion sought by Commissioner Chair Kim David on Aug. 27 and handed down on Wednesday, Drummond …
ONEOK, Inc. announced it completed its $2.6 billion acquisition of Medallion Midstream from Global Infrastructure Partners, a move that increased the Tulsa company’s extensive pipeline system in the oil and gas industry. The acquisition of Medallion includes more than 1,200 miles of crude oil gathering pipelines providing approximately 1.3 million barrels per day of …
Even as three state legislators attempt to block Oklahoma Corporation Commissioner Todd Hiett from voting on rate cases for OGE, ONG and PSO, Hiett was prepared Wednesday to cast a vote on a $127 million rate hike for Oklahoma Gas and Electric. But it didn’t happen because of a difference of opinion with Commission …
** Ford plans to idle a Detroit-area electric truck plant for weeks as it contends with softer-than-expected EV sales. ** Occidental Petroleum nears completion of a direct-air carbon capture facility in Texas that would be the first large-scale facility to remove carbon dioxide directly from the air; the company plans to build dozens more. ** The U.S. Department …
This week’s decision by the Southwest Power Pool to approve nearly $8 billion in transmission line projects has the support of renewable energy Enel Green. Stephen Pike, head of Enel Green Power North America, one of the largest wind operators in the 14-state grid, including Oklahoma, that makes up the SPP, applauded the …
An $80 million project is underway in Wyoming in an attempt to get more oil out of the rocks where the black gold rests. The $40 million put up by ThermoFisher Scientific was matched with another $40 million from the Wyoming legislature, all with hopes of turning the state’s oil patch into a …
While some Oklahomans clamor for a Buc-ee’s center in their state, they might be disturbed to learn Arkansas will be getting its second Buc-ee’s. Reports indicate the company will build a 74,000 square foot travel center in West Memphis neaer Interstate 40 and Interstate 55. The center will have more than 120 fueling locations …
The third quarter for ALLETE, Inc., the renewable energy operator, wasn’t exactly what leadership wanted. It’s as though the wind was taken out of the sails of its wind farm earnings, including those in Oklahoma. Its earnings totaled $.78 cents on net income of $45 million, a significant drop from the $1.49 a share …
Third quarter earnings dipped for Oklahoma City’s LSB Industries, Inc. as the firm had net sales of $109.2 million compared to $114.3 million in the third quarter of last year. But it also had increased earnings per share. The firm recorded a net loss of $25.4 million compared to a net loss of $7.7 …
