Chicago suffered a major blow this week—Caterpillar is ditching the crime-ridden city and moving its headquarters to the Dallas-Fort Worth metroplex. The company, with major operations in Oklahoma City, announced it will leave Deerfield, Illinois and relocate its global headquarters in Irving, Texas. Deerfield is a suburb at the northern reaches of Chicago. “We …
Category: General
Firm tests air ship for broadband project in New Mexico
A company launched a new helium-filled airship Tuesday above eastern New Mexico with hopes of creating a statewide broadband connectivity from the sky. Sceye Inc., based in Roswell, installed broadband-beaming technologies on board to experiment whether it can be used in creation of a 24-hour cycle operation reported the Albuquerque Journal. Click here for …
Biden now wants oil and gas industry to “work with him”
President Biden on Wednesday wrote letters to the heads of top oil and gas companies telling them to immediately cut costs for Americans as gas prices rose above $5 a gallon. He blamed them and Russian President Putin for what’s happened to energy costs in the world and the U.S. and at the same …
Man arrested after climbing Devon Tower in OKC
A man calling himself the “pro-life Spider Man” was in Oklahoma City police custody Tuesday after climbing the 50-story Devon tower. The man, identified by News Channel 4 News as Maison Des Champs, who used no climbing equipment to scale the headquarters tower of Devon Energy Company. Champs reported climbed the Salesforce Tower in …
Crude suffers as fed considers interest rate hike
Crude oil prices dropped in Tuesday’s trading as many observers fear the U.S. Federal Reserve will hit markets with a higher-than-expected interest rate hike because of growing inflation that the Biden administration has been unable to solve. For a second straight day, Oklahoma energy stocks recorded more losses than gains. Many analysts believe the …
LSB to be part of small cap conference
Oklahoma City’s LSB Industries will be part of an investment conference on June 15. The company’s Executive Vice President and Chief Financial Officer, Cheryl Maguire will take part in a fireside chat at the Sidoti & Company Summer Small Cap Virtual conference beginning at 12:15 p.m. ET on Wednesday. Sidoti is considered a premier …
Other states join Oklahoma in ending gas bans
Oklahoma’s not alone in creating a law to stop gas bans in cities and counties. Other states are doing the same to protect access to natural gas utility service reported SP Global. Click here for SP Global
Missouri governor signs bill expanding property rights protections
The governor of Missouri has signed into law a measure giving farmers and ranchers more protection from eminent domain efforts. The bill was created in the wake of the Grain Belt Express transmission project that is designed to move wind powered electricity from southwest Kansas across Missouri and Illinois to Indiana. Click here for …
Heat wave results in power outages in Texas
At least one Texas power company was busy explaining it was the weekend heat wave that caused an increase in electric outages. Oncor Electric Delivery blamed the outages on electric demand as air conditioners were cranked up to beat the heat. About 2,000 customers lost power Sunday night according to KXAN TV news.
Deal struck to lower OGE’s rate hike request
An agreement has been reached to lower Oklahoma Gas and Electric Company’s $163.5 million rate hike request to only $45 million according to a filing made Monday with the Oklahoma Corporation Commission. The rate hike and the filing were the focus of a Tuesday morning hearing by Administrative Law Judge Linda S. Freeman with two …