The Oklahoma Turnpike Authority Board unanimously approved three resolutions Thursday in its November monthly meeting that authorizes the Authority to issue revenue bonds sufficient to generate $1 billion in construction fund proceeds to fund the ACCESS Oklahoma long-range plan projects. ACCESS Oklahoma is a strategic corridor plan that focuses on travel time reliability, easing congestion …
November 8, 2024 archive
Crude oil prices settled lower on Friday as latest hurricane will avoid major oil operations
Crude oil prices finished the week with a 2% drop and analysts attributed the loss to an easing of concern how Hurricane Rafael will affect oil supplies in the Gulf of Mexico. The storm’s path apparently won’t pose much of a danger to oil production in the Gulf where energy producers had shut in …
Ovintiv made major gains in 3Q earnings
Third quarter earnings made big gains for Ovintiv Inc. as the Denver, Colorado based company reported net earnings totaled $507 million and $1.92 per share beating the second quarter by $167 million. Earnings per share also rose 65 cents from the second quarter to the third quarter. Ovintiv’s report showed the firm generated $1.022 million …
Major drop in 3Q earnings for Unit Corporation
Third quarter earnings results for Tulsa’s Unit Corporation were only about a third of what they were a year ago. Unit released the report showing net income totaled $8.9 million or 89 cents a share, compared to $28.8 million and and $2.94 a share one year earlier. Total revenue for the three months …
Broadband Governing board to get updates on growing projects
After launching an expanded broadband effort in the past few months, members of the Oklahoma Broadband Governing Board will meet Tuesday for an update on their projects. The Oklahoma Broadband Governing Board will meet at 10:30 a.m. on Tuesday, November 12, at the Harvey Parkway Building, Room 105, 301 Northwest 63rd Street, Oklahoma City, OK 73116. …
More drilling leads to increased rig count in Oklahoma
( Kevin Fujii / Chronicle ) Oklahoma saw its oil and gas rig count grow over the past week while the nationwide numbers were unchanged for another week, according to the Baker Hughes Co. rig count released Friday. The number of active oil and gas rigs in Oklahoma increased by two, reaching a total of …
Panhandle hit with major snow storm
The blizzard that hit New Mexico late this week, dumping 24 inches of snow in some places, also hit the Oklahoma Panhandle with up to a foot of snow. State Climatologist Gary McManus reported Friday that Kenton, the last western most community in the Panhandle, received 16 inches of snow. “I mentioned snow (CALM …
Water line break forced closure of Oklahoma Corporation Commission offices
The Oklahoma Corporation Commission offices were closed Friday because of a water line break. It resulted in the closure of the offices at the Will Rogers Memorial building located at 2401 N. Lincoln Blvd. The commission explained in an announcement that the lack of water pressure means the building’s fire protection system is inoperable …
Oklahoma’s 2021 winter storm bond system might be copied by Duke Energy over hurricane damage
Storm bonds and extending recovery costs for years—-it’s not just an Oklahoma scenario such as ratepayers experienced following the disastrous 2021 winter storm. Three hurricanes–Debby, Helene and Milton, caused extreme damage in the southeast U.S. and Duke Energy felt the brunt of it. So now Duke Energy indicated it might take a cue from what …
OGE recovers from storm losses around OKC
Oklahoma Gas and Electric Co. is faced with the task of rebuilding power lines and replacing power poles downed in the tornado of a week ago in eastern Oklahoma County. While the last of the customers who lost power in the tornado were expected to have it restored on Friday, the utility is dealing …
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