Crude oil prices dropped on Wednesday to below $60 and most Oklahoma energy stocks slumped as President Trump’s Venezuelan oil plans prompted concerns about the long-term impact of U.S. actions following the weekend capture of the country’s leader Nicolas Maduro. After hitting record highs this week, many major stock indexes finished lower for the …
** The U.S. on Wednesday seized an oil tanker flying a Russian flag that is linked to Venezuela, according to a multiple news reports. The reported seizure in the North Atlantic concludes a weeks-long chase, two U.S. officials told NBC News. One of the officials said that the ship has been secured, and the Department of Homeland …
Oklahoma Gross Production Tax Jumps 232% in December Oil and Gas Revenues Drive Strong Monthly Gains Revenue from Oklahoma Gross Production Tax surged in December, helping push overall state collections sharply higher, according to the latest monthly revenue report from Todd Russ. The gross production tax on oil and gas increased by $124.5 million, representing …
Take a look at the above picture and you will quickly realize why oil in Venezuela will play a critical role in any possible return to democracy in the South American country. After taking over American oil and gas operations, Venezuelan leaders, the late Hugo Chavez and now-captured Nicolas Maduro, drove the energy industry …
Williams Cos. Prices $2.75B Senior Notes Offering to Refinance Debt Tulsa-Based Energy Firm Targets Near-Term Maturities Williams Companies announced the pricing of a $2.75 billion public offering of senior notes, a move designed primarily to refinance near-term debt maturities and strengthen the company’s long-term balance sheet. The offering, which spans three separate tranches, allows the …
The damage to six Oklahoma turnpike bridges from an illegal load carried by a trucker last month totaled nearly $500,000 and this week the Turnpike Authority approved the repair costs. The governing board of the Authority approved spending $491,700 to Built-Right Construction, the firm that carried out the emergency repairs to the six …
PR firm to guide federal strategy for Muskogee lithium plant As construction planning advances for its lithium development facility in Muskogee, Stardust Power Inc. has hired a Washington, D.C.-based public policy and government relations firm to support its federal engagement, funding strategy, and critical-minerals initiatives. The Connecticut-headquartered company announced it has retained 38 North Solutions, …
Taiwan-based firm launches first North American manufacturing site Apogee Power, a Taiwan-based energy technology and advanced battery manufacturer, has selected Liberal, Kansas, as the location for its first U.S. manufacturing and assembly facility — marking a major expansion into the North American energy storage market. The new facility, located at 1600 W. Pancake Blvd. in …
Some of the cheapest gasoline in the U.S is in Oklahoma and it’s cause to celebrate. Especially when it’s well under $2 a gallon. GasBuddy reported some Oklahoma City stations are pumping gasoline for $1.84 per gallon. Tulsa’s cheapest gasoline is $1.93. AAA reported the state average is $2.26, a penny more than a week …
Tenth Circuit affirms liability for late oil payments under Oklahoma law A federal appeals court has largely upheld a $103 million judgment against Sunoco over claims that the company failed to pay required interest on late oil royalty payments to tens of thousands of Oklahoma mineral owners. The U.S. Court of Appeals for the Tenth …
