Vicinity Energy, a leader in decarbonization with the nation’s largest portfolio of district energy systems, has partnered with Oklahoma State University to provide chilled water and steam service to a new medical campus. This project will combine multiple existing buildings into a state-of-the-art hospital. Vicinity will serve the entire 58-bed medical-surgical inpatient hospital …
Category: General
Mach announces price on share offering to raise funds for more acquisitions
Mach Natural Resources LP put a price tag on its public offering of more than 7 million shares, a move designed to raise funds for the company’s recent acquisition of assets in the Anadarko Basin and plans to make more such acquisitions. The firm announced the pricing of its public offering of 7,272,728 common …
Two legislators accuse Corporation Commissioner Hiett of impartiality over his drinking/sex scandal
Two legislators, Reps. Kevin West of Moore and Tom Gann of Inola went public with their disgust over the growing sexual and drinking scandal involving Corporation Commissioner Todd Hiett. The two Republicans indicated in a statement they are considering filing a writ of prohibition against Hiett, who was Chairman of the Commission at the time …
Crude oil prices at 14 month low and OK energy stocks weak in Thursday’s trading
Thursday brought still more depressing crude oil price news as they remained at a 14-month low and Oklahoma energy stocks had more losses. An anticipated return of Libyan crude oil production and shipping means an increase in world supplies and that added to a lack of enthusiasm for crude oil prices. Plus, there was a …
U.S. Steel deal could impact Arkansas region
At first glance, the growing controversy over Nippon Steel’s proposed $14.9 billion takeover of U.S. Steel would appear to be more of an east coast issue, something that wouldn’t have a major impact on the regional economies of Oklahoma and Arkansas. However, that’s not the case. The issue plays into U.S. Steel’s move in …
Tribes and USDA at odds with Rep. Lucas over Fort Reno USDA station
A recent in-depth article in The Hill made it clear, Oklahoma Congressman Frank Lucas is not ready to surrender the USDA research station at Fort Reno into the hands of the Cheyenne and Arapaho Tribes. The August story, headlined “GOP lawmaker squares off with USDA, tribes over farm bill land transfer,” described it as …
District Judge weighs arguments in lawsuit challenging constitutionality of Oklahoma’s anti-ESG Act
The Oklahoma County District Judge who earlier suspended enforcement of the state’s anti-ESG law has yet to issue a response to a request to make her ruling a permanent one. District Judge Sheila Stinson was asked for a summary judgment by state retiree Don Keenan who filed suit last year contending the Oklahoma Energy …
Crude oil supplies across the US and the Cushing Hub dropped again in the past week
Another drop in crude stocks across the U.S. including the Cushing Hub in northern Oklahoma was reported this week. The U.S. Energy Information Administration recorded the U.S. total of crude oil fell 6.9 million barrels. The U.S. crude oil supply totaled 425.2 million barrels as of August 23 but fell to 418.3 million barrels …
Attorney General wants FERC to deny application for Kiamichi River hydroelectric power plant
Add Attorney General Gentner Drummond to the list of those public leaders who have come out against a proposed hydroelectric power plant on the Kiamichi River in southeast Oklahoma. He announced Thursday he had urged the Federal Energy Regulatory Commission to deny an application of the Soutoheast Oklahoma Power Corporation to build the plant in …
Casey’s store chain continues with big revenue gains
Casey’s General Stores, the fast-growing convenience store firm that has become a strong competitor of Love’s stores in Oklahoma and surrounding states reported first quarter earnings showing contined big growth. The Iowa-based chain reported a 6% gain in net income which totaled $180 million and EBITDA of $346 which was up 9% from …