The recent recommendation by an Administrative Law Judge at the Oklahoma Corporation Commission against pre-approval of PSO’s massive Panhandle wind farm indicates the utility could present serious challenges in going before the full commission. In other words, PSO could be going against the wind. As OK Energy Today reported earlier, Judge Mary Candler determined Public …
Tulsa-based Laredo Petroleum, Inc. announced it has started a $200 million share repurchase program. The board of directors approved the decision this week and indicating the timing, number and value of shares repurchased will be at the discretion of management and the board. It will also depend on market conditions, business conditions and the trading …
LINN Energy’s announced it’s selling its west Texas properties for $119.5 million as it continues with divesting some of its properties in the wake of bankruptcy. The sale includes 28,000 net acres with 2017 net production of 6,300 BOE/d. The Houston, Texas firm, with big operations in Oklahoma did not disclose the identity of the …
Regulators at the Oklahoma Corporation Commission and scientists at the U.S. Geological Survey no doubt are scratching their heads over the series of earthquakes that rattled northwest Oklahoma this week. Most happened around the town of Waynoka in Woods County where some of the first actions were taken a few years ago by the state …
Days after the state House in Oklahoma defeated Step Up Oklahoma’s tax hike plan to fix the government budget crisis, legislators approved a move to cut state agency budgets by 2 percent through June. Legislators could not get support on Monday to increase taxes on oil and gas, fuel and cigarettes, so a Joint Committee …
In the latest Oklahoma Economic Report from the State Treasurer, Senate leader Mike Schulz says while he is a strong supporter of the Oklahoma energy industry, the state still needs to diversify its economy. Writing in a guest commentary, the Senate President Pro Tempore said, “Oklahoma has more to offer than just oil, natural gas …
A quarterly dividend of 33 cents a share has been declared by Dallas-based HollyFrontier Corporation, the firm with refineries in Oklahoma, Kansas, New Mexico, Wyoming and Utah.. The Board of Directors of the firm announced the dividend will be payable on March 14, 2018 to those holding shares on Feb. 28, 2018. The company’s operations …
Just as the Oklahoma Energy Index reported this week an improvement in the state’s economy because of a stronger oil and gas industry, the state echoed the sentiments in its announcement of January General Revenue Fund collections. However, the figures also showed a mix of growth and decline for the industry. They showed the industry …
Kratos Defense and Security Solutions, the California jet-powered drone-manufacturer that announced last month it intends to locate a major plant in Oklahoma City has finished successful flight tests with it high performance unmanned aerial drone systems. “Through the flight test missions, Kratos was able to test and demonstrate numerous upgrades and enhancements to the aerial …
The White House wants to move the court fight against the Obama administration’s Waters of the U.S. rule to Texas. It’s what Politico’s Morning Energy report indicated on Thursday. “TRUMP ADMIN WANTS WOTUS WAR IN TEXAS: With the fight over the Obama administration’s Waters of the U.S. rule now taking place in district court, the Trump …