** Occidental Petroleum stock was declining Monday after the oil company announced it will acquire energy producer CrownRock in a deal valued at $12 billion. Occidental said Monday that the acquisition will help increase the company’s position in the Midland Basin, and will add 170,000 barrels of oil per day to the company’s production. The Midland …
Category: General
USDA accused of using woke standards to hand out farm disaster payments
Some members of Oklahoma’ s U.S. House and Senate delegation are speaking out against how the USDA is handing out funds to farmers and ranchers in the Emergency Relief Program. They’re suggesting USDA Secretary Tom Vilsack and his agency are invoking woke privileges for some of the recipients of the funds. “Farm policy must …
Space Board to hold special meeting
A special meeting of the Oklahoma Space Industry Development Authority will be held Wednesday in Oklahoma City. The 1:30 p.m. meeting will be at the Commerce Department offices, 900 N. Stiles. The following is the agenda: AGENDA ITEMS TO BE PRESENTED BY OSIDA EXECUTIVE DIRECTOR CRAIG SMITH 5. EXECUTIVE DIRECTOR REPORT – (Information Only) …
Phillips 66 plans smaller 2024 capital budget
Phillips 66 announced its 2024 capital budget of $2.2 billion lower than the $2.5 billion it included in the 2023 capital budget. The new budget includes $923 million for sustaining capital and $1.3 billion for growth capital. Excluding joint venture debt repayments due in 2024, the company’s 2024 capital budget is $2 billion. “We continue …
Halliburton prepares for 4Q earnings report to be released in January
The results of the Halliburton’s fourth quarter 2023 financial report will be made known in late January. The company, with deep Oklahoma roots, announced it will hold a conference call on Tuesday, January 23 where the results will be discussed by corporate leaders. The call will begin at 8 a.m. Central Time and the …
Oklahoma studies replacing gasoline tax with mileage tax
Oklahoma transportation officials are taking a long, hard look at possibly eliminating taxes paid by drivers at the gas pump and replacing it with a user fee—one charged on the amount of miles driven by motorists in the state. It’s an idea that is growing around the nation as more electric vehicles take to …
Unit declares three separate dividends for shareholders
The board of directors of Tulsa’s Unit Corporation recently declared a quarterly cash dividend of $2.50 per share. It will be paid on December 27 to shareholders of record as of the close of business on December 18, 2023. A special cash dividend of $15 per share of common stock wll also be paid …
Kansas leaders excited about rail study—Oklahoma officials are mum
(Max McCoy/Kansas Reflector) The way Kansas Gov. Laura Kelly looks at the prospect of extending Amtrak’s Heartland Flyer passenger rail service in Oklahoma north into Kansas is it would help the Kansas economy. Not that it would help Oklahoma, but help Kansas. “The extension of the Heartland Flyer Passenger Rail would further connect Kansans …
EV charging network slow to advance because of red tape
Two years after the Biden administration convinced Congress to approve $7.5 billion in the name of placing electric vehicle chargers along the highways and interstates across the nation, including in Oklahoma, not a single charger has been installed under the program. Don’t look for them anytime soon. What’s the hold up? In many cases, …
Austin becomes US headquarters of nation’s 2nd largest solar company
Austin, Texas is the new US home of RWE, the second-largest solar owner and operator in the nation. The global renewable energy company has more than 300 workers based in Austin and 10,000 across the world. RWE has plans to becomme the top renewable energy developer and operator in the U.S. The Austin American-Statesman …