Two men are facing felony charges of larceny of oilfield equipment and transporting a loaded firearm after allegedly taking batteries and solar panels from an oilfield site in Grady County, according to a Chickasha News report. Colton Robbins of Lindsay and Travis Bunch of Nowata were arrested on charges of larceny of the oilfield equipment, …
By a unanimous 3-0 vote, the Oklahoma Corporation Commission approved a $30 million joint stipulation settlement on Tuesday allowing Oklahoma Gas and Electric Co. to recapture lost revenues from the company’s SmartHours program, according to a report by The Oklahoman. OG&E will recover $30.3 million — $10.1 million per year — for three years of lost revenue …
The Oklahoma Corporation Commission has granted final approval to Fortis Inc.’s application to acquire ITC Holdings Corp. for $11.3 billion, according to a company press release. The deal is expected to close by the end of the year. “The Oklahoma Corporation Commission plays an important role in protecting the interests of all Oklahomans,” said Barry …
Linde AG and Praxair Inc. have confirmed they are in talks about a possible merger for two of the world’s largest providers of industrial gas products. Linde, based in Munich, Germany, said in a statement on Tuesday that the talks are preliminary and that “it is currently not foreseeable whether there will be any kind …
A small town in Grady County is grappling with an unforeseen construction problem, according to a report published Tuesday in the Journal Record. A city water line is on hold as Tuttle’s city manager determines his next course of action. City Manager Tim Young says a gas pipeline is the cause of the delay. Prior …
The Oracle from Omaha is at it again. Berkshire Hathaway Inc., the firm founded and operated by investment guru Warren Buffett, is increasing its holdings in Phillips 66. The company manages a U.S. stock portfolio amounting to nearly $130 billion. A regulatory update filed on Monday with the U.S. Securities and Exchange Commission …
Tulsa-based AIRIS Wellsite Services, a leading expert in dust control solutions to the oil and gas industry, announced completion of another regional dust containment project, according to a company press release issued on Friday. Atalaya Resources contracted with AIRIS to provide full dust control support in order to protect the health and safety of all onsite personnel …
Oklahoma City-based LSB Industries, Inc. recently announced a net loss of $17.7 million, or 70 cents per diluted share for the second quarter of 2016, according to the company’s press release. The company reported sales of $110 million in the second quarter, down from $125.5 million from the same quarter a year ago. Capital spending …
The U.S. Department of Energy is highly confident that the nation’s sole underground nuclear waste dump will reopen in December, according to a story posted on the website of News9.com. The Waste Isolation Pilot Plant is located 26 miles east of Carlsbad, New Mexico. The site, known as WIPP, is the world’s third deep geological repository …
The Oklahoma Corporation Commission has finally set an August 22 date to handle a nearly 27-year dispute over a bribed vote that gave a massive rate hike to Southwestern Bell. But Attorney General Scott Pruitt is objecting. Some consumers are asking for a refund totaling nearly 16 billion dollars. It’s a case where a handful …