While Oklahoma’s ESG Act is on hold because of a judge’s ruling in a lawsuit challenging the constitutionality of the two-year old law, the state of Arkansas took action this week on its list of financial firms boycotted by the state. The Arkansas ESG Oversight Committee voted recently to keep 10 financial service …
The President and CEO at Empire Petroleum Corporation took on added duties as the result of a recent move by the firm’s board of directors. Michael Morrisett, President and CEO was appointed to also temporarily serve as the Tulsa company’s principal financial officer. The appointment came after the March resignation by Stephen L. …
Mach Natural Resources LP released its first quarterly report this week after the Oklahoma City firm went public last fall. The company, which finished 2023 with $762 million in total revenues and $347 million in net income, reported its first quarter 2024 net income was $42 million and total revenue was $239 while adjusted …
The Oklahoma Department of Transportation has announced new directors for Design and Project Delivery in April. Justin Hernandez was named director of Design and Daniel Nguyen was chosen as the director of Project Delivery. They replace Rick Johnson, who recently retired as ODOT director of Project Delivery and whose role was divided into two …
Right of First Refusal and FERC’s transmission line expansion rules—they drew the attention of some observers. The Federal Energy Regulatory Commission okayed two rules on Monday to allow for greater and faster expansion of major electric transmission lines across the nation. While Wyoming Sen. John Barrasso was highly critical of the rules, saying they would …
In two separate lawsuits, Attorney General Gentner Drummond is pushing back against efforts by the Biden Administration and the State of California to impose electric-vehicle mandates nationwide on truck owners and operators. A coalition of 24 states filed a petition for review in the U.S. Court of Appeals for the District of Columbia Circuit to challenge …
** Demolition experts used explosives Monday to remove part of a collapsed bridge in Baltimore and free a cargo ship that has been trapped since it rammed into the structure in March. ** The White House on Monday gave a Chinese-linked company and its partners 120 days to sell property they had bought near a …
Monday produced an increase in crude oil prices because of increased demand seen in the U.S. and China. It was a turn around from Friday’s trading where crude fell $1 a barrel. West Texas Intermediate gained 86 cents or 1.1% to settle at $79.12 a barrel on the New York Mercantile Exchange. Global benchmark Brent …
The Federal Energy Regulatory Commission acted Monday to ensure the transmission grid can meet the nation’s growing demand for reliable electricity with a new rule that outlines how to plan and pay for facilities that regions of the country will need to keep the lights on and power the American economy through the 21st …
A challenge by Oklahoma City’s Continental Resources to the new Environmental Protection Agency rule on methane standards for the oil and gas industry contends the EPA illegally expanded its authority beyond what is authorized. Continental was joined by Oklahoma and Texas and 22 other states in taking on the giant agency used by …