The Oklahoma Department of Transportation is serving up an early present to holiday travelers with two new tools to help them make travel decisions. “The department is debuting the ability to find all of ODOT’s online travel tools within one app now available in the Apple App Store. Additionally, the department is adding snow plow …
The snow that’s predicted for northern Oklahoma is part of a storm that already dumped so much snow in Colorado, it shut down Interstate 70 in the mountains. And the storm system has moved across Kansas with a fury as white outs were expected because of the strong winds that also whipped Oklahoma on Sunday. …
The combination of an increased production of oil across the globe plus a drop in demand continues to send gasoline prices in a downward spiral, including in Oklahoma where the new statewide average is $2.22 per gallon. A week ago, Oklahoma’s average price was $2.30 a gallon and one month ago, the average price was …
Paris is a city that remains in turmoil and violence—all because of increasing diesel fuel prices. Over the weekend, rioters took their anger over increasing fuel prices to the streets where police had to use water cannons on them. An estimated 5,000 protesters converged on the Champs-Elysees, angry over a proposed tax increase on diesel …
Because of a shortage of employees, the Oklahoma Corporation Commission’s handling of oil and gas well completion reports has been slow. But the commission’s latest completion reports showed 29 were filed by Oklahoma Energy Acquisitions LP, a subsidiary of Alta Mesa Holdings based in Houston, Texas. All 29 reports were filed for Kingfisher County, …
Midstates Petroleum Company, Inc. announced that the Company has amended its Senior Secured Credit Agreement effective November 16, 2018. This amendment improves the Company’s financial flexibility by removing certain restrictions for cash payments pertaining to share repurchases and dividends. The amendment imposes a minimum liquidity requirement of $50 million and states that the Company’s …
Both Oklahoma and the U.S. dropped in the number of active oil and gas rigs in the past abbreviated week, according to Baker Hughes Co. which released the figures two days earlier than normal because of the Thanksgiving holiday. Oklahoma’s count dropped two to hit 144 rigs while the national count fell by three to …
Members of the Pedernales Electric Cooperative based in Texas got the shocking news this week….their former chief executive got a $1.1 million severance payment when he resigned over a racial controversy at the utility. John D. Hewa had been CEO at the utility since 2013 when he resigned last year following claims of racial discrimination …
Tulsa-based ONEOK has revealed details of its $1.5 billion loan agreement announced this week with a lender. In a Wednesday filing made with the Securities and Exchange Commission, the energy company said the three-year agreement was made with Mizuho Bank, Ltd. The agreement was reached Nov. 19, 2018 and will provide money for working capital, …
Oklahoma Governor-elect Kevin Stitt has added nine more individuals to his “Oklahoma Turnaround” team including a man with many years of experience as a highway contractor. Robert L. Cummins, Jr. has spent 27 years in the highway construction industry and is president of The Cummins Construction Company based in Enid. He has held the President’s …