Oklahoma’s congressional delegation was joined by others from Kansas and Arkansas in urging the Army Corps of Engineers to spend more funding for improvements to the McClellan-Kerr Arkansas River Navigation System. Led by Sen. Jim Inhofe, the delegations sent a letter to the Office of Management and Budget and the Corps urging them to …
Turnpike study bill close to approval in Oklahoma legislature
The fight by some Norman area residents against a proposed turnpike led to a bill in the legislature to force the Oklahoma Turnpike Authority to give an updated report on the project. The bill by Rep. Danny Sterling, R-Tecumseh won approval in the House this week. The measure would give the Legislature authority to modify …
NextEra gets nod for new transmission line in Oklahoma
A 48-mile transmission line will be built in Oklahoma by NextEra Energy Transmission company after it won approval by the Southwest Power Pool’s Board of Directors. NextEra Energy, known for its wind farms operated in Oklahoma and other states said the project, a 345-kilovolt line to connect the Minco and Draper substations to address …
LSB Industries announces carbon capture partnership
LSB Industries, Inc. announced it is joining forces with Lapis Energy of Dallas for a large carbon capture project at LSB’s facility in El Dorado, Arkansas. The Oklahoma City-based company described it as a project to capture and permanently sequester up to 450,000 tons a year of CO2 with the help of Lapis. Lapis …
Improved earnings for Helmerich and Payne but still with losses
While revenues improved in the second quarter for Helmerich & Payne, it still reported a net loss of $5 million or 5 cents a share. With the improvements along with $100 oil, company leadership continues to be cautious about dealing with worldwide interest in more oil and gas drilling operations. The Tulsa-based company had …
Crude oil remains above $100 in US after modest gains on Wednesday
Concerns about tight worldwide crude oil supplies continue to bother investors and as a result, oil prices saw only modest gains in Wednesday’s trading while inventories of US distillate and gasoline dropped. West Texas Intermediate crude for June delivery went up 32 cents to close at $102.02 a barrel on the New York Mercantile …
Dividend and improved production announced by Continental Resources
Ahead of its upcoming quarterly financial release, Continental Resources announced Wednesday an increased quarterly dividend of 28 cents a share as well as improved oil and gas production and guidance. Payable on May 23 of this year to stockholders of record on May 9, the dividend is a 22% or 5 cent increase over …
Rep. Lucas gets his wish about slow movement from Democrats
More than two weeks after Oklahoma congressman Frank Lucas complained about the lack of movement by Democratic leadership in a conference committee on technology, things got going this week on capitol hill. Despite the criticism from Rep. Lucas, the ranking member on the House Science, Space and Technology Committee, the Democratic chair, Rep. Eddie …
Mammoth Energy’s 2Q earnings release date set
The first quarter financial results of Oklahoma City-based Mammoth Energy Services will be released early in May as investors await news whether there might be a turnaround in the company’s finances. The company announced this week that it intends to make the results known after the close of markets on May, May 9. Company …
Blueknight dividend declared as 1Q financials are to be released
A quarterly cash dividend was declared this week by Blueknight Energy Partners, L.P. The Tulsa company announced its board of directors of the general partner declare a distribution of $0.0425 per common unit and a cash distribution of $0.17875 per preferred unit for the quarter that ended March 31, 2022. In both cases, the …