ONEOK, Inc. announced this week an increase in the Tulsa company’s quarter dividend to 82.5 cents a share. The board of directors okayed a 3-cent a share hike or 4 percent compared to the previous dividend. It translates into an annualized dividend of $3.30 a share. The dividend will be payable Aug. 14 to shareholders …
Oklahoma U.S. Sen. James Lankford was on hand Wednesday at the White House when the President reached a new trade agreement with the European Union in an attempt to end a war on tariffs. “The statement I’ve heard from several folks is that the President has proved he can start afire on trade wars but …
The latest Oklahoma Energy Index shows the state’s oil and natural gas industry isn’t letting up in its expansion. Dr. Russell Evans, executive director of the Steven C. Agee Economic Research and Policy Institute, said the ongoing expansion in the state’s primary industry is driving widespread economic growth and stronger than expected fiscal conditions across …
The extreme heat in Oklahoma has caused more buckling of highways including the Cimarron turnpike among the latest. At least 16 concrete panels in 11 locations have buckled on the turnpike in recent days, according to Joe Echelle, assistant executive director for engineering and maintenance. “We are hoping for cooler weather,” he told the Tulsa …
Railway operator CSX Transportation has agreed to settle for $2.2 million in penalties with the government over the 2015 derailment of an oil tanker that caused a fiery mess in a small West Virginia town. The rail company will pay $1.2 million in penalties to the Environmental Protection Agency and another $1 million to the …
After a delay, Oklahoma City leaders are moving forward with more than $100 million in improvements to the Will Rogers World Airport. The Airport Trust voted in support of $115 million in revenue bonds to help finance a 5-year capital plan. Work on the terminal project is to begin in early 2019 and should last …
They’re still slugging it out in court in an open records lawsuit filed by the Center for Media and Democracy against former Attorney General Scott Pruitt. The suit was filed in 2017 and now involves a dispute even after current attorney general Mike Hunter’s office has turned over 8,000 documents to the Oklahoma County District …
Holly Energy Partners, L.P. says it’s considering possible construction of a new pipeline in the Permian Basin. The company has contracted with the engineering firm AECOM to carry out a feasibility study for a potential refined product pipeline from Orla, Texas to Midland, Texas. Holly Energy said it would complement the company’s existing footprint in …
The State of Oklahoma might be close to settling a lawsuit filed four years ago against several companies accused of defrauding Oklahoma’s Petroleum Storage tank Division Indemnity Fund. This week, Attorney General Mike Hunter informed the Oklahoma Corporation Commission that after mediation, a settlement had been reached with MRP Properties Company, LLC named in a …
Increased shipper demand has prompted the Dixie Pipeline Company in Houston to expand its crude transportation capacity. It will increase capacity from 58,000 barrels a day up to 90,000 and the project should be on-line in March 2019. It will apply to the westbound transportation capacity carrying oil to Mont Belvieu, Texas. Dixie is an …