Ohio considers 46-cent-a-gallon gasoline tax

If Ohio Gov. Mike DeWine gets his wish, gasoline taxes in his state will be bumped up 18 cents a gallon to 46 cents a gallon, all in the name of raising more than $1 billion a year to fix potholes and deteriorating bridges. His proposed increase would be only a few pennies short of …

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Houston petrochemical tank fire extinguished

The massive petrochemical fire near Houston had burned itself out as of Wednesday morning as investigators tried to determine what caused the blaze that burned for more than 3 days. No one was injured in the damaging fire before it was finally extinguished. One report indicated a worker at the Intercontinental Terminals Co. at Deer …

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Traffic and road headaches get attention of Colorado legislators

With a $9 billion transportation project backlog, Colorado legislators are talking of doing one thing to pay for it—-raising money.  And they are in the midst of debating how to do it. The legislature will begin serious efforts next week to consider the challenge as it unveils a nearly $32 billion state budget. “Coloradans are …

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Rep. Lucas says Green New Deal is a “bad deal”

Oklahoma Congressman Frank Lucas is among those who contends the Green New Deal pushed by Democrats is really a “bad deal” for American consumers. He says Congress should hold immediate hearings into the plan to determine what is actually in the plan and how it will affect the country. “The vague document we’re trying to …

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Chesapeake fills nearly 60% of Senior Notes offered

      Chesapeake Energy Corporation in Oklahoma City says its private offers to exchange new 8% Senior Notes due 2026 resulted in $883.5 million in offerings. The company said it totaled 59.7% of existing notes as of 5 p.m. New York City time on March 18, 2019. The following table sets forth the approximate …

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Water Lobby Day set for next week at state capitol

  Former Oklahoma Attorney General Drew Edmondson will be one of the speakers when an Oklahoma Water Lobby Day is held next week at the State Capitol. He will be among those taking part in the March 27 event. Others include Delaware County community organizer Pam Kingfisher and Ponca Tribe Councilwoman Casey Camp-Horinek. Edmondson, a …

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Chaparral Energy saw big jump in trading on stock exchange

Oklahoma City’s Chaparral Energy Inc. saw shares jump 26 percent in trading on Tuesday. In higher than average trading, the oil and gas company saw stock prices add $1.16 and closed the day at $5.62 per share. It turned out to be the largest percentage gainer on the New York Stock Exchange for the day. …

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MidCentral Energy creates financial partnership with Orion Energy Partners

Oklahoma City’s MidCentral EnergyPartners LLC announced it has joined Orion Energy Partners, L.P. in a strategic financial partnership. Under the agreement, the senior secured credit facility from Orion Energy will provide MidCentral with capital to support the organic expansion of its market-leading pressure control business and select growth opportunities in adjacent businesses. MidCentral is an …

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Houston tank fires to burn another day or two

The massive fire at the Houston-area petrochemicals terminal is expected to burn for another day or two according to officials at the scene. The fire began over the weekend at the Intercontinental terminals Company in Deer Park which is about 15 miles southeast of Houston. Fortunately, no one has been hurt in the incident as …

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SEC filing shows sale of shares by Chesapeake Energy executives

Sales of company shares by management at Oklahoma City’s Chesapeake Energy were reported this week in a company filing with the U.S. Securities Exchange Commission. CEO Robert D. Lawler disposed of 97,200 shares valued at $2.97 each leaving him with 5,181,132 shares in the company. Executive Vice President and Chief Financial Officer Domenic Jr. Dell’Osso …

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