A required filing with the Securities and Exchange Commission shows nearly 12 percent of ONEOK’s shares are controlled by the Pennsylvania-based Vanguard Group and nearly the same amount in Devon Energy. This week’s filing indicated Vanguard Group controls 48,142,499 beneficially owned shares in ONEOK or 11.65%. The Malvern, Pennsylvania company has 47,356,551 shares in sole …
(pictured above: Commissioner Mick Thompson, Chairman Jelena McWilliams, and Governor Kevin Stitt) Oklahoma banking Commissioner Mickey Thompson has been appointed by Chairman McWilliams to the Federal Deposit Insurance Corporation (FDIC) Advisory Committee of State Regulators. The Committee will provide advice and recommendations to the FDIC on a broad range of policy issues regarding the regulation …
Despite doing far better for oil and total production expectations in the fourth quarter, Tulsa’s Laredo Petroleum reported a fourth quarter loss of $242 million. The net loss for the quarter was $241.8 million or $1.04 a share with total revenues of nearly $218.1 million. For the full year, Laredo posted a net loss of …
Spurred by a reporter’s inquiry, Oklahoma City officials have finally installed guardrails around the concrete bridge where oil and gas pioneer Aubrey McClendon was killed nearly four years ago. The Oklahoman reported this week that within weeks after its initial inquiry with the city, the guardrails at the Midwest Boulevard bridge are in place. At …
Cheniere Energy, the Houston-based company with a major gas line carrying product from Kingfisher, Oklahoma southward won federal approval this week to expand its Corpus Christi LNG operation. It means some of the natural gas shipped from Oklahoma’s STACK play will likely become LNG and shipped overseas. It was one of four proposed liquefied natural …
A new report by Oklahoma Watch says more than 13,000 drivers have bought insurance after being caught by cameras used in the state’s insurance verification system. The Uninsured Vehicle Enforcement Diversion program, launched in December 2018, uses fixed and mobile cameras to capture license plate information. Five cameras are in the Tulsa area; six more …
While President Trump’s proposed budget includes cutting $2.4 billion from the EPA, including its Superfund program, Oklahoma Congressman Markwayne Mullin suggests it’s only a proposal and might not become a reality. It’s what he said in response to the President’s plan to slash funding for the Superfund program that monitors and administers the cleanup …
The Trump administration’s proposed rollback of landmark environmental law, a move supported by Oklahoma U.S. Sens. Jim Inhofe and James Lankford and 16 other US Senators drew heavy criticism this week at a federal hearing in Denver, Colorado. Dozens testified against the administration’s plans to cut some of the restrictions of the National Environmental Policy …
** President Donald Trump has proposed selling 15 million barrels of oil from the U.S. emergency stockpile as part of his fiscal 2021 budget plan. The proposal, which requires approval from Congress, would use the proceeds of the sale to fund certain Energy Department activities, including the environmental remediation of an oil field in Elk Hills, California, …
When Oklahoma created a law a few years ago targeting environmental protesters of oil and gas pipelines and other energy-related projects, it led to a handful of other states doing the same. Ever since, protests against pipelines under construction have been far and few—-almost non-existent. When the first Keystone pipeline was constructed in Oklahoma, protesters …
