The U.S. 10th Circuit Court of Appeals in Denver has reversed an Oklahoma City federal court ruling in a workers’ comp case filed against Penske Truck Leasing Company and Penske Logistics. The case involved Perry Odom, a Penske Logistics employee who suffered life-threatening injuries when a trailer collapsed on him in July 2015. He pursued …
Carl Icahn has yet to comment publicly about his takeover of Oklahoma City’s SandRidge Energy during Tuesday’s annual shareholder meeting. The shareholders elected four of Icahn’s seven-person slate and two nominees offered by the company. After losing control, SandRidge leaders said they also agreed with Icahn to expand the board from seven to eight members. …
Oklahoma City-based Devon Energy Corp. plans to report its second quarter 2018 results on Tuesday, July 31. The results will be released after the close of U.S. financial markets. They will also be available on the company website at www.devonenergy.com A day later, on Aug. 1 the company will hold a conference call at 10 …
Oklahoma U.S. Sen. James Lankford joined forces this week with Democratic U.S. Sen. Claire McCaskill of Missouri in attempting to make more secure the nation’s supply chain when it comes to information technology. They filed legislation called the Federal Acquisition Supply Chain Security Act, to establish a council to equipment the government with the policies …
The federal government’s named a new chief of mining at the Waste Isolation Pilot Plant near Carlsbad, New Mexico—the world’s third deep geological repository for radioactive waste left from research and production of nuclear weapons. The hiring of Pete Graham was announced by the Energy Management Carlsbad Field Office and the management and operations contractor …
Tulsa-based ONEOK, Inc. announced this week it has priced an offering to sell $1.25 billion of senior notes. The sale consists of $800 million of 10-year senior notes at a coupon of 4.55 percent and $450 million of 30-year senior notes at a coupon of 5.20 percent. Company leadership says the net proceeds, after deducting …
Tulsa’s NGL Energy Partners LP announced this week the Board of Directors of its general partner declared a distribution for the quarter ending June 30, 2018. It will be paid to the holders of the Partnership’s 9.00% Class B Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units. The Class B distribution will be $0.5625 per unit …
Oklahoma Gov. Mary Fallin has joined a bipartisan group of governors in announcing the formation of a new national carbon capture program. The Governors’ Partnership on Carbon Capture will be led by Governors Matt Mead of Wyoming and Steve Bullock of Montana. Gov. Fallin and Governors Gary Herbert of Utah, John Bel Edwards of Louisiana …
There’s a reason Carl Icahn is smiling. He got his wish—control of Oklahoma City’s SandRidge Energy during the company’s annual shareholders meeting on Tuesday. Now shareholders will wait to see what he does with the company. And how quickly he acts. A day after he made a last-minute plea to shareholders to dump the current …
The Oklahoma Corporation Commission voted unanimously on Tuesday for the approval to a settlement in the Oklahoma Gas and Electric (OG&E) rate case that is the largest single rate reduction for an Oklahoma electric utility. Commission Chairman Dana Murphy called the agreement a win-win for all concerned. “The settlement will cut rates by $64 million …