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Great Plains Reports Earnings After Westar Acquisition
Kansas City, Missouri-based Great Plains Energy reported third quarter earnings of nearly $133 million or $0.86 per share of average common stock outstanding. The $132.7 million in earnings compared to the $126.4 million in the third quarter of 2015 when they were also $0.82 per share. For the first nine months of 2016, the …
Man Gets Time for Forcing Evacuation of Port of Catoosa Business
A man whose telephoned bomb threat forced the evacuation of a company at Tulsa’s Port of Catoosa is headed to prison for the next four years. Robert Dwayne Perry of Muskogee was sentenced Thursday in Rogers County District Court for making the threat to the Linde Corporation on Jan. 30, 2015. He called 911 and …
PSO Renews Economic Development Plan
Tulsa-based Public Service Company of Oklahoma has announced the renewal of a partnership to promote regional economic development and one that provides financing to fund PSO’s ongoing capital needs. PSO has teamed up with regional and local banks to renew its senior unsecured three-year term loan providing $125 million in financing for PSO’s electric system …
Critic Wonders Why Satellites Aren’t Used in Fighting State Earthquakes
Engineer Bob Jackman admits it. He’s a long time critic of the Oklahoma Corporation Commission and the office of governor Mary Fallin over their handling of the state’s response to injection wells and earthquakes. Now he’s raising the question why the state is not employing satellites in monitoring any pattern changes of earth, especially …
State and Feds Take More Action on Injection Wells Following Pawnee Earthquake
Two days after a 4.5 magnitude earthquake struck near Pawnee, state and federal officials targeted more wastewater disposal wells, ordering some to be shutdown and others to see reduced volumes. The Oklahoma Corporation Commission and the Environmental Protection Agency took the action in northeastern Oklahoma and the affected wells are in Creek, Pawnee, Payne and …
ONG’s $1 million Explosion Settlement Approved by Corporation Commission
The Oklahoma Corporation Commission signed off Thursday on a $1 million settlement with Oklahoma Natural Gas company following a January residential gas explosion in Oklahoma City. As part of the deal, first reached Oct. 11, ONG won’t be allowed to rate the rates of customers forcing them to pay for the settlement of $1.010,000. Administrative …
Marathon Hits it Big Again in Oklahoma’s STACK
Marathon Oil’s brought in another big oil producer in Oklahoma’s STACK, reporting a more than 1,100 barrel-a-day well in Kingfisher county. The Firestone well is so close to the city of Kingfisher, it might be within the city limits on the city’s western side. The well, producing 1,105 barrels a day along with 4,488 Mcf …
Newfield’s STACK Success Shows in 3Q Report
After selling its Texas holdings to expand investments in Oklahoma’s STACK and SCOOP, Houston, Texas based Newfield Exploration Company reported a third quarter net income of $48 million or $0.24 per share. The adjusted net income was $89 million or $0.45 per share. “Our teams are delivering on our strategic objectives for 2016,” said Newfield …
5 Years since Prague Earthquake in Oklahoma
This weekend marks the 5th anniversary of the historic Prague, Oklahoma earthquake, the one that rattled TV sports announcers during a live broadcast of an Oklahoma State University football game, the one that left heavy damage to St. Gregory University in Shawnee and the one that left homes badly damaged and some people injured in …
Pawnee Nation Leader—-Long and Tortured Process to Get Earthquake-Related Information
The conversation that OK Energy Today had recently with Pawnee Nation executive director Andrew Knife Chief is worth continuing as he expressed his concerns over a lack of full cooperation he wants with the Oklahoma Corporation Commission and the Oklahoma Water Resources Board. “It has been a long and tortured process for us to get …