A large segment of Oklahoma remained under an extensive drought as of late last week, until more rains fell over the weekend. Rainfall was reported in the northwest on Saturday then heavy rains moved into central Oklahoma on Sunday, with more than 2 inches recorded in the Oklahoma City area. Storms were still reported …
$600 million in notes to be redeemed by Halliburton
Halliburton announced it is attempting to redeem nearly $600,000,000 in outstanding senior notes. The company called for redemption of the entire outstanding principal amount of its 3.50% senior notes due in 2023. The redemption date is September 25, 2022 and the total of notes currently outstanding is $600,061,000. Halliburton plans to use cash on …
Upgrades coming at Enid airport
Nearly $8 million in grants will result in upgrades to Enid’s Woodring Regional Airport, upgrades that will allow nearby Vance Air Force Base make more use of the facility. Construction is to to begin in the coming months. The Enid News and Eagle reported Woodring’s center runway will be reconstruction which in effect will …
Legislator speaks against deregulation of utilities
One former Oklahoma legislative leader says deregulating utilities would be bad for Oklahomans. It’s the opinion of Rep. Garry Mize who chaired the House Utilities Committee until he decided not to seek re-election and wrote about his stance in the Viewpoints section of the Sunday Oklahoman. Click here for The Oklahoman
Ovintiv keeps busy in Kingfisher County
While reporting another fairly significant oil producer in Kingfisher County, Ovintiv Inc. also plans to continue its expanding exploration in Oklahoma’s STACK play. Its expansion effort includes a project of four wells on a single pad. The company filed a completion report on a well that made its first production of 588 barrels of …
Labor Department headquarters moving in OKC
The Oklahoma Department of Labor announced it is moving into new headquarters effective September 1. The new headquarters will be located at 409 NE 28 Street, 3rd floor, OKC 73105. While the office is moving, phone numbers and email address will remain the same as will ODOL’s website address and social media accounts. …
Loss of Amazon contract results in Southern Star shutdown in OKC
An Oklahoma City trucking firm shut down operations in the past week because of a lost contract with Amazon. Southern Star Express LLC announced its operations at 4401C E Hefner Road in Oklahoma City were closed effective August 24. In the notification made to the Oklahoma Office of Workforce Development, Southern Star said all …
So much for a price gouging investigation stemming from February 2021 winter storm
Shortly after Winter Storm Uri in February 2021 hit Oklahoma, State Attorney General John O’Connor said he would investigate alleged price gouging. The Frontier investigated and found that in the nearly 18 months after the storm, no criminal or civil cases were filed and as of today, there is no active state investigation. But, Oklahomans …
$1.3 billion in winter securitization bonds sold for Oklahoma Natural Gas
Another round of ratepayer-backed bonds was approved in the past several days in connection with long-term increased customer payments designed to help utilities in Oklahoma recover 2021 Winter Storm costs. Oklahoma Natural Gas Company announced Friday its securitization bonds were sold by the Oklahoma Development Finance authority. The sale totaled $1,354,200,000 as allowed under …
Other headlines of energy stories
** The Department of Transportation declared a regional emergency Saturday affecting four Midwest states after a fire earlier this week caused an “unanticipated shutdown” of a BP oil refinery in Indiana. Illinois, Indiana, Michigan, and Wisconsin collectively receive up to 25% of their fuel from the Whiting refinery. ** Nearly 200 criminal cases against pipeline protesters are still open from a long series of Line …