Cummins Inc. the big engine manufacturer based in Indiana but with a major facility in Oklahoma City announced a quarterly common stock cash dividend of $1.14 per share. The Board of Directors declared the dividend and stated that it will be payable on March 7, 2019 to shareholders of record on Feb. 22, 2019. Cummins …
Midstates Petroleum Company, Inc.announced Wednesday the preliminary results of its tender offer to purchase for cash up to 5,000,000 shares of its common stock. The offer price was $10 a share and the offer ended Tuesday, February 12 at 5 p.m. New York City time. Based on the preliminary count by American Stock Transfer …
(solar power from parking lot at OKC VA hospital) Even though a new report indicates that the number of jobs in the nation’s solar industry dropped for a second straight year in 2018, Oklahoma’s Sierra Club is pushing approval of several solar energy bills in the legislature. The new report, under the heading “Solar Jobs …
A new Securities and Exchange Commission filing by Invesco Ltd. shows the Atlanta, Georgia-based firm now owns 5.8% of the shares in Oklahoma City’s Devon Energy Corp. The filing indicated the firm owns 26,971,655 shares. Nineteen subsidiaries of Invesco made the Scheduled 13G filing.
Oklahoma drivers can expect to see some extra help on highways and interstates as they drive into 2019. The Oklahoma Department of Transportation is increasing its accident response capability in the Oklahoma City metro with the addition of two GO-DOT safety patrol vehicles. Originally introduced in August 2018 as part of the I-235 …
Oklahoma Department of Transportation Executive Director Mike Patterson announced that he will retire April 1 after a nearly 40 year career with the agency. In addition to his leadership of ODOT, Patterson was also appointed to be Gov. Mary Fallin’s Secretary of Transportation in 2017. The Oklahoma Transportation Commission announced the appointment of …
A bill aimed at protecting mineral owners in Oklahoma from interference of their use of the minerals by towns and cities won overwhelming approval Tuesday in a State House committee. House Bill 2150 by Rep. John Pfeiffer won approval on a vote of 14 to 5 on the House Energy and Natural Resources committee. All …
The nearly $8 billion merger of Newfield Exploration Co. and Canada’s Encana Corp. has been approved by shareholders in both firms. Newfield is a major player in Oklahoma’s STACK and SCOOP plays. The $7.7 billion deal is expected to be formally closed on Wednesday. As part of the transaction, Newfield investors will get about 2.67 …
Denver-based Antero Resources Corp. has agreed to pay a $3.15 million civil penalty over pollution violations at 32 drilling sites in West Virginia. The Justice Department announced the fines this week after the West Virginia Department of Environmental Protection reached the settlement. The allegations were over violations of the Clean Water Act at drilling …
The Governor of Pennsylvania says Texas-based Energy Transfer LP doesn’t respect his state laws so he’s halted construction permits for natural gas pipelines operated by the company. “There has been a failure by Energy Transfer and its subsidiaries to respect our laws and our communities,” Gov. Tom Wolf said in a statement. “This is …