A correction to our story this week about the acquisition of shares made by David E. Rainbolt, a director at Oklahoma Gas and Electric. We reported he had acquired 317,703 shares valued at $12,500,000. But it should have been an acquisition of 317,703 shares valued at $12,500. Each share was valued at $39.72. The filing …
Plans call for the demolition of Oklahoma Gas Electric Company’s Energy data center in Oklahoma City sometime in April. The building at SW 5 and E.K. Gaylord will be destroyed as part of Oklahoma City’s plans to build a new convention center as well as 17-story, 605-room Omni hotel. A 865-space garage will replace the …
A new analysis of energy costs in Kansas suggests Kansas consumers are paying more for electricity than their neighbors in Oklahoma and other states because of the state investments in coal and wind power. In short, alternative energy costs money and consumers are paying for it with higher bills. The analysis by the Kansas …
Several of the members of the management team at Oklahoma City’s Chesapeake Energy who made large purchases of stock in the past several weeks have sold some of those shares for more than $700,000. A company filing with the Securities and Exchange Commission showed President and Chief Executive Officer Robert D. Lawler disposed of 95,883 …
An 86 cent-per-share dividend was declared by ONEOK’s Board of Directors this week. It represented a 12 percent increase over the dividend announced by the company in January of 2018. And it translates into an annualized dividend of $3.44 a share. The dividend will be payable Feb. 14, 2019 to shareholders of record at the …
Under a series of bills filed this week by Oklahoma Senate President Pro Tempore Greg Treat, the governor of Oklahoma would have more appointment power of five top agency directors including the Department of Transportation. Treat’s Senate Bill 457 would grant authority to the governor to appoint the director of the DOT. It would have …
The release of the fourth quarter 2018 earnings report by Murphy Oil, the company based in El Dorado, Arkansas will be made Jan. 31. The report will be available and senior management will hold a conference call and webcast for investors and analysts at 8 o’clock central time on the same day. The company had …
The Corporation Commission has initiated its review of possible new rules and regulations governing railroads in the state. And as OK Energy Today reported earlier in the week, one focus is the blocking of railroad crossings by trains. Here’s how News 9 TV reported the hearing. It’s a sight that can easily derail your whole …
An investigation is underway into the reported breach of millions of files of state data. The State Department of Securities confirmed what it called an “inadvertent” release of data but it’s unclear if the data might have involved matters related to the energy industry in Oklahoma. However, a report by KFOR TV indicated the original …
Southern Kansas was the site of one of the latest earthquakes in the Oklahoma region this week. A 2.9 magnitude quake was recorded Wednesday night around ten o’clock with an epicenter a few miles from Hawk, Kansas. The small community’s about 50 miles southwest of Derby, Kansas and only 47 miles from Enid, Oklahoma. …