The Annual Meeting of Shareholders of OGE Energy Corp. will be held virtually via the internet at 10 a.m. CDT, Thursday, May 21, 2020. Details on how to access the meeting are included in the proxy materials made available to each shareholder. Members are encouraged to vote their shares prior to the annual meeting by the applicable …
The Oklahoma Employment Security Commission (OESC) continues to process unemployment claims and Pandemic Unemployment Assistance (PUA) at an unprecedented volume while regularly screening systems for fraudulent claims. “We paid more claims in the first three weeks of the pandemic than OESC did during all 12 months of 2019, and the agency has paid out over $432 million in …
ONEOK’s latest note offering totals $1.5 billion in notes being offered to investors according to a filing made with the Securities and Exchange Commission. It includes $600,000,000 in 5.850% notes due 2026; $600,000,000 in 6.350% notes due 2031 and $300,000,000 in 7.150% notes due 2051. The filing followed one earlier in the week …
Few energy companies are reporting a profit in their most recent quarterly financial reports. Most are reporting losses and Tulsa-based Williams Cos. is one of them, stating this week it suffered a first-quarter 2020 loss of $517 million. It figures to a 43 cent a share loss for investors but earnings, adjusted for non-recurring …
Houston’s Marathon Oil has struck a big one in Oklahoma’s SCOOP, one with production of nearly 2,100 barrels of oil a day. It was a single well, not a series of wells on a single pad. The Bowser 0304-18-5sxh is located at 17 3N 4W or about 6 miles south of the city of …
The coronavirus pandemic has resulted in the shutdown of the Umicore Autocat USA plant in Catoosa, putting 101 employees out of work as of Monday. The company notified Oklahoma’s Office of Workforce Development stated that all manufacturing operations, research and development operations and the majority of support operations ended as of Monday. “Umicore manufactures …
While Oklahoma Corporation Commissioners still intend to hold a May 11 hearing on a request to order a reduction in the state’s oil production, a similar move in Texas is apparently dead. Bloomberg reports a lame-duck Texas regulator who had proposed mandating oil production cuts is now calling those efforts “dead” a day before the state …
An Alaska U.S. Senator who supports Oklahoma Sen. Jim Inhofe’s call for a Commerce Department investigation of Saudi Arabia and its sending of oil to the U.S. is now targeting banks who won’t make loans to oil and gas companies. Sen. Dan Sullivan, a Republican from Alaska told POLITICO that Republicans plan to send …
A federal judge on Friday canceled nearly 300 oil and gas leases in Montana because government officials failed to properly study the risks of all that drilling to the environment and water supply. The U.S. Bureau of Land Management sold 287 leases covering approximately 227 square miles (587.93 square kilometers) of public land …
Canadian pipeline developer TC Energy said Friday the Keystone XL pipeline would face significant new delays because of a Montana district court ruling last month that invalidated a critical nationwide water permit for its construction. “The long-term potential delay with any of these very omnibus-type filings or motions to vacate a permit that broad could have up …