If money is critical to a political campaign, then it might explain why Cathy Costello is ahead in at least one poll as she and Rep. Leslie Osborn compete for the GOP Labor Commissioner runoff. A review of campaign reports of both candidates shows Costello not only outraised Osborn in money for the June primary …
For some reason, Bloomberg News thought it might be interesting to compare earnings calls made by Chesapeake Energy’s CEO Doug Lawler and the company’s late founder, Aubrey McClendon. As it reported this week, it found Lawler’s reputation for being frugal with payrolls and drilling budgets carries over to his earnings calls where he limits them …
Customers of Public Service Company of Oklahoma will be getting a refund for the rest of the year following action on Wednesday by the Oklahoma Corporation Commission. In a unanimous vote, the commission approved a $30 million reduction in PSO rates. The move resulted in a monthly saving of $6.08 for a PSO average customer. …
President Trump has tapped Dr. Kelvin Droegemeier, who serves as secretary of science and technology on the governor’s executive Cabinet, to serve the country as director of the Office of Science and Technology Policy. President Donald Trump announced he intends to nominate Droegemeier, of Norman, to the post, which provides the president and others within …
Oklahoma U.S. Sen. Jim Inhofe and two other Republican Senators have introduced a measure to close Clean Water Act loopholes used by some states against fossil fuel development. He and Senators John Barrasso of Wyoming, Shelley Moore Capito of West Virginia and Steve Daines of Montana introduced the Water Quality Certification Improvement Act of 2018. …
ONEOK reported its second-quarter 2018 net income totaled $281 million while operating income was up 40 percent and adjusted earnings increased 30 percent from a year ago. The Tulsa-based utility said the net income was 68 cents a diluted share compared to 33 cents last year at this time. Distributable cash for the second quarter …
Oklahoma City’s Chesapeake Energy reported a $16 million second quarter net loss and a net loss of $40 million available to common stockholders on the heels of the company’s $2 billion sale of Utica Shale assets in Ohio. It also still has more than $9 billion in debt. The earnings report released this week showed …
A new crude oil pipeline is going to be constructed in Oklahoma and will carry oil from Cushing to Louisiana. Tallgrass Energy, LP based in Leawood, Kansas announced plans to develop the Seahorse Pipeline to the St. James, Louisiana refining complex. The company also plans to construct a separate new export-capable liquids terminal strategically located …
Oil assets in the Texas Panhandle were sold this week in a $201 million deal involving Pioneer Natural Resources Company of Dallas and an undisclosed buyer. Pioneer Natural made the announcement saying it sold all of its assets in the West Panhandle field and the agreement is expected to close in the third quarter of …
EnerVest, a company with operations in Oklahoma City and Elk City completed the sale of its South Texas Division to TPG Pace Energy Holdings Corporation. As a result, TPGE changed its name to Magnolia Oil and Gas Corporation and will see its Class A Common Stock and Warrants traded on the New York Stock …
