Despite the 109 degree temperatures of last week in Oklahoma, power usage did not hit a record high. At least that’s the word from OGE spokeswoman Kathleen O’Shea. “While OGE did hit a system load high for this year on 7/20, it was considerably less than last year’s high,” she said in an email response …
Kingfisher County continues to be the king of Oklahoma’s STACK play, as the latest completion reports published by OK Energy Today showed 17 more new wells. Ten of the wells were completed by Gastar Exploration of Houston, Texas. Newfield Exploration, the company in a water line fine with Kingfisher County Commissioners reported 6 completed wells. …
Oklahoma Congressman Markwayne Mullin contends President Trump’s major policies are working and have resulted in lower taxes in Oklahoma. In a weekly release, he wrote of a White House event: “This week at the White House, President Trump held the second annual ‘Made in America’ showcase. Representing Oklahoma at the showcase was Round House Jeans, …
A major expansion has been announced by Williams Partners L.P and Crestwood Equity Partners LP of their gas gathering system in Wyoming. The Jackalope Gas Gathering System is associated with the Bucking Horse gas processing facility in the Powder River Basin Niobrara Shale play. The expansion will increase processing capacity to 345 million cubic …
After a second quarter 2017 loss of more than $3 billion, ConocoPhillips reports turning things around with a second-quarter 2018 earnings of $1.6 billion. It figures to an increase of $1.39 a share compared to the $2.78 a share loss reported a year earlier. Excluding special items, second quarter adjusted earnings this year were $1.3 …
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 …