Governor Kevin Stitt has announced that two Oklahoma counties may now receive disaster assistance from the U.S. Small Business Administration (SBA) as a result of the severe weather that began April 30. The designation provides SBA low-interest disaster loans for homeowners and business owners in Bryan and Pittsburg counties to replace any property damaged by …
ExxonMobil and its XTO Energy subsidiary workers and others contributed more than $413,000 to 10 Oklahoma colleges and universities and in turn, the donations were matched by more than $1.1 million. The matches were in unrestricted grants from the ExxonMobil Foundation as part of the foundation’s 2018 Educational Matching Gift Program. The company contributed …
NuSTar Logistics, L.P., the San Antonio based energy company with storage tanks and pipelines in Oklahoma announced the offering of senior notes. The company is following through after making a filing with the Securities and Exchange Commission. NuStar said the notes will be fully and unconditionally guaranteed by NuStar Energy as the parent guarantor and …
Some of the parts likely used on those T-38 trainers at Oklahoma’s Vance Air Force base and the Sheppard Air Base in Wichita Falls, Texas likely involved extreme profit margins now under investigation by Congress. The House Oversight and Government Reform Committee has started looking into a Cleveland, Ohio-based company called TransDigm. It is accused …
Days after accepting Occidental Petroleum’s $57 billion acquisition offer, the board of directors at Anadarko Petroleum Corporation announced a 30-cent-a-share dividend. The board said the dividend will be payable June 26, 2019 to those stockholders of record at the close of business on June 12, 2019. The dividends are determined on a quarterly basis. …
Poteau Rep. Lundy Kiger is accusing an energy company of “bullying” in opposing OGE’s recent $53 million dollar purchase of two power plants, a purchase approved this week by the Oklahoma Corporation Commission. At the same time, he has been accused of a conflict of interest. The Republican legislator responded after the Oklahoma Energy Results …
Continental Resources has brought in another big producer in Blaine County, one with more than 1,700 barrels of oil a day in production. The Tolbert Federal 5-32-29XHM sits right in the STACK play and in the same zone near Greenfield where Continental Resources has seen huge success. Located at 5 14N 11W, the well site …
A fight over new railroad shipping rules is leading to a lawsuit to be filed by North Dakota against Washington state. North Dakota’s battling Washington state’s new law that requires oil shipped by rail to have more of its volatile gases removed. While supporters contend it will reduce the risk of explosions and deadly derailments, …
A trucking company with operations in the heart of the Permian Basin in West Texas is shutting down and no one is explaining why. Product and Logistics Services LL, a subsidiary of Schlumberger filed notice with the Texas Workforce Commission that it was closing operations in Monahans, Texas. The shutdown means the loss of 124 …
Oklahoma’s Gov. Kevin Stitt who’s comfortable piloting his own plane got a chance this week to sit behind the controls of a Boeing 747 jetliner. He didn’t really fly the 747 but rather sat at the control of a flight simulator at Boeing’s Development Center in Oklahoma City. The governor toured Boeing’s Advanced Visualizations and …