** Hurricane Helene’s death toll rises to more than 200, making it the second deadliest U.S. hurricane in the last 50 years. Tennessee state authorities said Wednesday they are investigating the company that owns a plastics factory where 11 workers were swept away by cataclysmic flooding unleashed by Hurricane Helene. ** The Hualapai Nation continues to …
October 2024 archive
Mitchell Talks Energy with Jerry Bohnen as they focus on the legal challenges for Corporation Commissioner Todd Hiett
Utility rate hike discussions amidst courtroom wrangling, or in other words—-just another day at the Oklahoma Corporation Commission! Here’s the latest from Mitchell Talks Energy with Jerry Bohnen.
Middle East fighting sent crude oil prices up again on Wednesday
Those continuing worries the fighting in the Middle East will eventually affect oil supplies from the region sent crude oil prices up again on Wednesday. The price gain came even with a buildup of crude stocks in the U.S. The region now waits for Israel’s response to Iran’s attacks of nearly 200 missiles this week. …
Groendyke Transport expands with acquisition
Enid-based Groendyke Transport, the trucking firm with terminals in 18 states, announced this week the closing on its acquisition of the tank truck assets of Linden Bulk Transportation from Depot Connect International. Depot Connect is considered a leading provider in the tank container services industry. The acquisition expands Groendyke’s footprint to Ohio, Pennsylvania, and …
Mammoth Energy gets initial $150 million payment for work to restore power to Puerto Rico in 2017
Nearly 7 years after Cobra Acquisitions LLC, a wholly-owned subsidiary of Oklahoma City-based Mammoth Energy Services, performed hurricane power recovery in Puerto Rico, it’s been paid $150 million in an initial payment of a settlement over a legal fight. The payment from the Commonwealth of Puerto Rico was in accordance with the settlement agreement …
Mach Natural Resources wraps up $136 million in acquisitions in Oklahoma and Kansas
Mach Natural Resources LP said its $136 million acquisition of assets in Oklahoma and southern Kansas was finalized this week. The Oklahoma City company had previously announced acquisitions of interests in oil and gas properties in the Ardmore Basin of Oklahoma and the Anadarko Basin of Kansas. On a combined basis, the Acquired …
ONEGAS sets 3Q earnings report date
ONE Gas, Inc. plans a release of its third quarter 2024 financial results in the coming month and investors will no doubt be anxious to see if earnings improve compared to earlier in the year. The Tulsa-based company announced it will make the report known after the market closes on Monday, Nov. 4. The …
Gains recorded in crude oil stocks in Cushing and the U.S.
Crude oil stocks around the U.S., including those at the Cushing Hub in Oklahoma, made gains over the past week. The latest report from the U.S.Energy Information Administration showed a gain of 900,000 barrels of crude oil held in storage at the Cushing Hub in northern Oklahoma. The gain went from 22.8 million barrels …
PSO crews extend hurricane recovery in Tennessee and Virginia
Public Service Co. of Oklahoma (PSO) workers who left the Sooner State late last month en route to Florida prior to the arrival of Hurricane Helene have moved north to help a sister company. Approximately 85 PSO employees departed from Oklahoma on Sept. 25, headed to Florida to lend a hand to Florida Power …
Tax revenue report shows increase from Oklahoma’s oil and gas operations
Oklahoma recorded a nearly 2% increase in its September gross production tax revenue from the state’s oil and gas operations. State Treasurer Todd Russ reported the gross production tax revenue was $85.4 million which was $1.5 million or 1.81% more than the revenue in August. Oklahoma’s total revenue for September, $1.49 billiion, increased over …
