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 …
A Wyoming based transportation firm with regional offices in Enid, Oklahoma announced this week the major purchase of two new large cranes for oilfield and wind turbine projects. Transportation Partners and Logistics, LLC said a Liebherr LR 1300 SX crawler crane was purchased for its largest distribution center in Garden City, Kansas. The second was …
Black Stone Minerals, L.P., the Houston company with 700,000 acres in assets in Oklahoma and 16.5 million nationwide announced this week the appointment of Jeff Wood as President of the Partnership. He will also continue duties as Chief Financial Officer. The company said Thomas L. Carter Jr. will continue as Black Stone Minerals’ Chief Executive …
The price of gasoline dropped slightly in the past week across the U.S. and in Oklahoma. The new statewide average is $2.61 a gallon compared to the national average of $2.86, according to AAA Oklahoma. The state has some of the cheapest gasoline in the country. Nationwide, 44 states have less expensive or steady gas …
While the EPA decision transferring coal ash enforcement to Oklahoma regulators resulted in a lawsuit threat from environmental groups, U.S. Sen. Jim Inhofe is praising the move. He helped author it. Oklahoma is the first state in the nation to be granted the authority by the Environmental Protection Agency and it was Sen. Inhofe who …