Attorney General Gentner Drummond is urging Oklahoma residents to watch out for contractor fraud in the wake of this weekend’s severe weather. Drummond said the weeks following damaging storms and tornadoes are a common time for fraudsters to prey on those who suffered storm damage. “Even though it’s tempting to move quickly after sustaining property …
Slip in net earnings for ONE Gas in 3Q
ONE Gas recorded another fall in earnings in the third quarter compared to the second quarter of the year and the third quarter of 2023. The company quarterly report released this week showed net income of $19.3 million or 34 cents a share, down from the $25.2 million and 45 cents a share …
Buc-ee’s planning a second store in Colorado?
Another Buc-ee’s in Colorado? Could be, according to reports. While Oklahoma is an island surrounded by Buc-ee’s, the popular and fast-growing chain of stores, there are indications the Texas-based firm is interested in building a second such store in Colorado. We earlier had reported a second Buc-ee’s is in the works in Arkansas but …
Crude oil prices made big gains on Monday
Monday saw crude oil prices jump nearly 3% in trading. U.S. benchmark, West Texas Intermediate crude rose $1.98 or 2.85% to close at $71.47 a barrel on the New York Mercantile Exchange. Global benchmark Brent crude gained $2.02 or 2.76% and finished the day at $75.12 a barrel on ICE Futures Europe. Natural …
FBI arrests man who intended to bomb a Tennessee energy plant
A man who reportedly planned to bomb a Tennessee energy substation by using drones carrying explosives is in custody. Just the News reported FBI agents foined the possible drone attack at the energy plant in Nashville. The suspect is identified as 24-year old Skyler Philippi who is charged with attempted use of a weapon …
Canoo suffers another devastating loss in trading of shares
Oklahoma City’s electric vehicle manufacturer Canoo is bleeding money and recorded another drastic drop in Monday’s trading of shares as leadership warned recently it might not survive. The latest trading activity raises the question whether the EV maker has crashed and burned? Canoo stock plunged 29.27% or 16 cents and closed the day …
Customers of Public Service Co. of New Mexico face another $23 a month in rate hike request
A decision is coming soon from utility regulators in New Mexico that could mean a $23 a month bump up for customers of Public Service Company of New Mexico. It’s a $170 million rate case and much of it centers around the utility’s Four Corners Power Plant, New Mexico’s last remaining coal plant. …
Final segment of SH-375/Indian Nation Turnpike will go cashless near McAlester Wednesday, Nov. 6
The final phase of the Oklahoma Turnpike Authority’s cashless conversion of the SH-375/Indian Nation Turnpike in Southeastern Oklahoma is scheduled for mid-morning Wednesday, weather permitting. Motorists can expect to keep rolling with cashless tolling just south of US-69 near McAlester. Once the final phase is complete Wednesday, motorists will be able to travel completely …
Nine Energy records 3Q losses—expects more in 4Q
Nine Energy Service recorded more losses in the third quarter, and the company leader expects more of the same in the fourth quarter. The Houston company, with offices and operations in Oklahoma, experienced a $10.1 million or 26 cent a share net loss on revenues of $138.2 million. Its adjusted EBITDA was $14.3 million. …
Crews work to restore power following tornado
Oklahoma Gas and Electric crews in central Oklahoma managed to restore power to 94% of the firm’s customers following the Sunday morning tornadoes that left nearly 40 homes and structures destroyed. As of mid-day Monday, about 9,000 customers were still without electrical power. The same storm also damaged OG&E’s Horshoe Lake Power center …