Holly Energy Partners, L.P. , a Dallas-based company with a refinery in Tulsa and storage in Cushing, reported improved net income for the fourth quarter of 2022 of $68.5 million and 54 cents a basic and diluted limited partner unit. It also saw a gain of $53 million in its full-year revenues reaching $547.5 …
Category: General
Rep. Cole fights China’s economic bullying
It’s called the Countering Economic Coercion Act of 2023—a measure recently introduced in Congress by Oklahoma U.S. Rep. Tom Cole and two Democrats in the House. New York Rep. Gregory Meeks and California Democratic Rep. Ami Bera joined Cole in creating the measure. Their H.R. 1135 would provide the president new tools to provide …
OKC based fertilizer and chemical firm records record earnings in fourth quarter
Not only did Oklahoma City’s LSB Industries see a big gain in its fourth quarter 2022 sales and earnings, but the firm did equally well in the full year finances as it made record earnings. “Our fourth quarter capped off the most profitable year in our company’s history,” stated Mark Behrman, LSB’s President and …
2022 was a record year for Ovintiv
A milestone year. A record year. It’s what leaders at Denver-based Ovintiv Inc. described the financial results for the fourth quarter 2022 and all of 2022. All of those STACK wells drilled in Kingfisher and Canadian Counties by Ovintiv in Oklahoma helped add to the success of the company. “2022 was a milestone year …
Bill against red cedar infestation advances in the legislature.
The mantle once carried by former Oklahoma City legislator Richard Morrissette in the fight against the state’s infestation of red cedar trees is apparently now the focus of Okeene Rep. Mike Dobrinski. While he was a Representative for south Oklahoma City, Morrissette fought to do something about the pesky trees. His efforts started in …
Buttigieg says Panasonic battery plant in Kansas is “renaissance” of US manufacturing
U.S. Transportation Secretary Pete Buttigieg on Monday touted the $4 billion Panasonic battery plant in eastern Kansas, the one Oklahoma attempted to land last year and failed, as another example of “American renaissance” in manufacturing. He spoke during ceremonies at the former Sunflower Army Ammunition Plant in western Johnson County where work is underway …
Quick reads of more energy stories
** The Department of Transportation Inspector General will investigate Transportation Secretary Pete Buttigieg’s use of government aircraft, a memo shows. DOT Principal Assistant Inspector General for Audits and Evaluations Charles Ward revealed the upcoming investigation in a memo to the assistant secretary for administration, reported Just the News. ** House Oversight Committee lawmakers launched an …
Interest rate hike worries affect crude oil and energy prices
While crude oil prices dropped 1% in Monday’s trading, largely because of growing worries about more interest rate hikes from the Federal Reserve, Oklahoma energy stocks split between losses and gains. If the Fed indeed raises interest rates again, it could slow economic growth and oil demand. West Texas Intermediate crude fell 64 cents …
Energy news group finds a “gotcha” in Biden drilling claim
A national oil and gas group reacts to a report that President Biden’s claim U.S. producers failed to use 9,000 drilling permits on federal lands, is false. The American Petroleum Institute issued a release about it on Monday: For nearly a year the administration has attempted to redirect scrutiny over its slow walking of …
Consumers group opposes PSO’s $2.5 billion renewable energy plan
When Oklahoma Corporation Commissioners meet Tuesday, they will deal with at least two subjects that could prompt some compelling comments and discussion. One involves the $2.47 billion renewable energy plan proposed by Public Service Company of Oklahoma in which it is asking Commission approval of its cost recovery plan. The project involves PSO’s acquisition …