May 8, 2025 archive

3% gain recorded by crude prices while OK energy stocks soared too

  Crude oil prices and Oklahoma energy stocks enjoyed positive territory on Thursday as oil rose 3% because of optimism over the trade talks between the US and China. Both are the world’s largest oil consumers and what comes out of the talks could have a big impact on oil distribution and production. Investors are …

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Corporation Commissioner unhappy with approval of SB998

  Oklahoma Corporation Commission Chair Kim David is hopeful Gov. Kevin Stitt might step in and veto SB998, a utility construction bill approved this week in the Oklahoma House of Representatives. She joined opposition led by the AARP, an organization that immediately launched a campaign to urge the governor to veto the measure that it …

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Staffing shortages hits Army Corps of Engineer lakes in Oklahoma and Kansas

      More than 3 dozen lakes managed by the Tulsa District U.S. Army Corps of Engineers, including many in Oklahoma will have their recreation areas temporarily closed or with reduced service because of what the Corps refers to as staffing shortages. The Army Corps of Engineers stated it “does not currently having the …

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Utility ratepayer protection bill waited for State Senate vote

A bill seeking to protect utility customers from paying higher rates because of 2021’s Winter Storm Uri has not yet been considered by the full State Senate. It was not on the agenda on Thursday, which was the deadline for consideration of bills from the opposite legislative chamber. House Bill 1220 unanimously passed in the Oklahoma …

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ONE Gas honored with safety award

    For the eighth consecutive year, ONE Gas has received an American Gas Association Safety Achievement Award for excellence in employee safety. The award was presented at the AGA 2025 Operations Conference on May 6 in Aurora, Colorado. Awards were given to companies of all sizes and types and are based on the Days …

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New Transportation commissioner welcomed; $89 million in projects awarded

  Highlights of the Oklahoma Transportation Commission’s May 5, meeting include welcoming the new District 3 Commissioner, updating commissioners on the status of the Heartland Flyer, receiving a national beautification award and approving construction projects on US-59 near Sallisaw and on the Duncan Bypass. Oklahoma Department of Transportation Executive Director Tim Gatz and commissioners welcomed newly-appointed District 3 …

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Oklahoma Broadband office launches newsletter

  The Oklahoma Broadband Office is launching a newsletter to help you stay informed on the latest efforts to expand high-speed internet throughout the state. In this premier edition, read about efforts to bring attention to projects being launched, commentary by Executive Director Mike Sanders about the impact on rural Oklahoma, and the latest statistics on progress …

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Permian basin oil operator acquires more acreage in $608 million deal

  The Oklahoma oil and gas operators in the Permian Basin face a growing competitor—Permian Resources revealed this week it made a $608 million acquisition of 13,320 net acres and 8,700 net royalty acres in New Mexico. Apache parent APA Corp. sold the acreage which is located near the core operating areas of Permian Resources, …

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Resurrected wind tower setback bill approved in Oklahoma House

  As some Oklahoma legislative observers remind us, “nothing is dead in the legislature until sine die is declared” and such is the case for the wind farm setback bill, SB2. After the House of Representatives defeated the measure Tuesday evening on a 44-49 vote, it was resurrected Wednesday on a move by Rep. Trey …

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Improved 1Q net earnings for Unit Corporation

    Unit Corporation reported it had improved first quarter income of $17.9 million or $1.80 per share. It was improved over the $16.1 million or $1.61 per share reported a year ago. Total revenues for the Tulsa-based company were $63.5 million during the quarter, down slightly from the $67.2 million reported for the three …

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