Gov. Kevin Stitt helped Ditch Witch celebrate its 75th anniversary in the past week in Perry and at the same time note that the company plans a 170,000 square foot addition and the creation of 100 more jobs. Ditch Witch, owned by The Toro Company based in Bloomington, Minnesota, plans a new paint line …
Kansas Gas Service agrees to smaller rate hike
The ONE Gas company, Kansas Gas Service has agreed to a smaller rate hike on its customers in Kansas. But it will still mean a monthly bill increase of $3.83 according to the recent announcement by the Kansas Corporation Commission. The KCC has yet to take a final vote on the rate hike request …
Gasoline prices take another slip downward in Oklahoma
U.S. gasoline prices slipped three cents in the past week to a new national average of $3.44 per gallon while Oklahoma prices fell by three cents to $3.04 per gallon. Motorists might remember Oklahoma’s average was $3.15 a month ago. What is surprising is where the cheapest gasoline prices are in Oklahoma—-the Panhandle. Cimarron …
PHX Minerals recorded improved 2Q earnings
PHX MINERALS INC., reported a turn-around in earnings in the second quarter, moving from a net loss to an actual gain of net income. But its six month earnings lagged seriously behind the first half of 2023. The Fort Worth-based energy company recorded net income of $1.3 million or 4 cents a share …
Williams offers $1.5 billion in notes
Williams Cos. announced its offer of $1.5 billion in senior notes as the Tulsa company intends to use the source of funds to not only repay its commercial payer but to fund capital expenditures and other general corporate purposes. Williams announced that it has priced a public offering of $450 million of its 4.800% …
Crude oil settled higher on Friday
Crude oil recorded gains on Friday and finished the week more than 3.5% stronger, thanks to positive economic data and signals the Fed policymakers might cut interest rates in September. West Texas Intermediate crude rose 65 cents or 0.9% to close at $76.84 a baarrel on the New York Mercantile Exchange. Global benchmark Brent crude …
Mammoth awaits court hearing over settlement of unpaid Hurricane Maria recovery refforts
Oklahoma City’s Mammoth Energy Services won’t learn perhaps until next month whether a judge will sign off on a multi-million dollar settlement of unpaid work it did in restoring electrical power to Puerto Rico following the 2017 Hurricane Maria. Mammoth has been in a lengthy legal fight over the unpaid hundreds of millions of dollars …
Gain in U.S. oil and gas rig count while Oklahoma is steady
The nation saw a gain of two rigs in the past week to reach 588, reported Baker Hughes Co. on Friday. Oklahoma’s count was unchanged from the previous week with a total of 35 rigs. A year ago, the state had 40 active oil and gas rigs. Nationally, Baker Hughes indicated the U.S. count …
County commissioners in Wichita want solar farm restrictions
County commissioners in Wichita, Kansas plan a vote this week to set limits on large-scale solar projects but one developer already says it would block his company’s planned $200 million project. Sedgwick county commissioners are proposing rules to limit solar projects to 1,280 acres and at the same time, ban large farms that …
Energy briefs
** Chrysler-parent Stellantis is laying off as many as 2,450 factory workers from its Warren Truck assembly plant outside of Detroit as the automaker ends production of the Ram 1500 Classic truck. ** The Biden administration is proposing to restrict the federal lands that are open for future coal mining in North Dakota — though …