Cypress Environmental Partners announced its delayed 2021 fourth quarter earnings report on Friday, an announcement that indicated the Tulsa-based company continues with its financial struggles. “Despite over six months of negotiations, we regret that we have been unable to reach an agreement with our Lenders and therefore face the possibility of restructuring,” said Peter …
Work zone safety highlighted by ODOT
Oklahoma Transportation officials observed the end of National Work zone Awareness Week on Friday with the reading of the names of 61 Oklahoma Department of Transportation workers killed in accidents. Oklahoma Department of Transportation Deputy Director Dawn Sullivan read the names of ODOT’s 61 fallen workers during a Moment of Silence ceremony for workers at …
Minerals in 11 counties to be auctioned in Oklahoma
More than 1,300 acres in mineral leases in western Oklahoma and western Kansas will be up for auction on Tuesday, April 19. Entz Auction will hold the online sale beginning at 10 a.m. Jared Boehs with Cutter Energy, a firm working with Entz Auction, explained the 1,315 acres will involve 60 different lots. The …
Biden administration increases oil royalty rate but scales back lease sales
The first onshore sales of public oil and natural gas drilling leases under the Biden administration was announced by the Interior Department on Friday. However, it will also mean a sharply increased royalty rates for companies reported the Associated Press. Click here for AP
Filing period ends with 6 hopefuls for Corporation Commission
One way or the other, one of the following will become an Oklahoma Corporation Commissioner in the coming several months. Kim David, Justin Hornback, Harold D. Spradling, Todd Thomsen, Margaret Warigia Bowman, or Don Underwood. Each filed as a candidate this week, hoping to succeed Corporation Commissioner Dana Murphy who will be term limited in …
Former EPA administrator wants to be Oklahoma U.S. Senator
Scott Pruitt, the former Trump-era EPA Administrator who resigned amidst several ethics controversies in 2018 isn’t finished with politics. He filed Friday as a candidate for the U.S. Senate, running for the Republican nomination to succeed Sen. Jim Inhofe who announced in February he plans to retire in 2023. Inhofe is 87. Reports had …
Wind farm developer expands into solar energy projects
Minnesota-based ALLETE, Inc, the wind-farm operator with projects in Oklahoma wrapped up a nearly $166 million acquisition of New Energy Equity, one of the nation’s top distributed solar developers. Most of New Energy Equity’s 250 projects are in the eastern half of the United States. Headquartered in Annapolis, Maryland, the company’s projects total more …
Legislator mum about his authorship of turnpike bill
Wellston State Rep. Kevin Wallace isn’t saying much to a report that as the author of a controversial bill to extend the Kickapoo Turnpike around Arcadia Lake is also a road builder who did subcontracting work on several state highway projects. The report by The Oklahoman indicated Wallace has declined requests for interviews about …
Devon Energy exec makes $2 million sale of shares
A filing with the Securities and Exchange Commission revealed Devon Energy Executive Vice President and Chief Operating Officer Clay Gaspar recently sold nearly $2 million in Devon shares. The filing showed his sale of 30,000 Devon shares at a price of $63.75 each, totaled $1,912,500. The SEC document stated the sale occurred April 13 …
Rep. Mullin almost honored to be ‘sanctioned’ by Russia
Russia’s move this week to sanction 398 members of the U.S. Congress prompted a response from one of the targeted congressional members—Rep. Markwayne Mullin. In a statement, the Republican congressman shrugged off the Russian sanction, saying he will always push for an America first agenda, sanctioned or not. “It is vital to our global …