Tulsa-based Alliance Resource Partners, considered one of the major coal mining companies in the nation, reported increased total revenues in the third quarter, but also lower net income. The company released its earnings report on Friday showing total revenues of $636.5 million compared to $632.5 million a year earlier. The slight gain was attributed …
After spending $35 million for land where it hoped to build a $225 million casino in Arkansas, the Cherokee Nation Businesses was turned down in its bid for a casino license. The Arkansas Supreme Court upheld a ruling that voided Cherokee Nation Businesses’ casino license, according to Arkansas Business. The court ruled 5-2 against …
A City Councilman in the city of Piedmont is blaming oil well drilling activity around his city for messy and muddy roads and he wants the city ordinances updated to deal with the problem. Byron Schlomach, the Ward 5 Council member complained at a recent meeting about the damage to Arrowhead Road and NW …
Members of an Oklahoma Senate Committee want to know more details about what led to Michelin’s decision announced this week to close its tire production plant in Ardmore, a move that will put 1,400 employees out of work sometime in 2025. The Senate Select Committee on Business Retention and Economic Development plans a hearing …
Oklahoma’s oil and gas rig count held steady in the past week while the national total increased by one to 625. Baker Hughes Co. released its weekly Rig Count on Friday showing a pickup of 2 oil rigs to reach a total of 504 while the number of gas-drilling rigs declined one to 117. …
Public Service Company of Oklahoma (PSO) says it will distribute 122,000 free LED bulbs to Oklahoma families this year. In the past 10 years, PSO’s Shine a Light program has distributed almost 1 million energyefficient bulbs, which last longer and use less energy. For PSO customers, that has meant more than $3 million in …
While EV maker Canoo has relied on millions of dollars in incentives offered by the state of Oklahoma and the city of Oklahoma City, another strugging EV maker, Rivian is doing its best to take advantage of the Biden administration’s green energy slush fund. It was reported that Biden’s clean energy czar, John Podesta …
After being told the state of Oklahoma would offer $100 million in incentives in August, EV maker Canoo has seen its stock plummet in price. Trading closed at 26 cents a share on Friday as the car maker moved ahead with transforming a former plant in west Oklahoma City into a manufacturing plant. It …
An Oklahoma contractor was charged today with nine counts of felony embezzlement and a pattern of criminal offenses after an investigation by the Attorney General’s Consumer Protection Unit. The Office of the Attorney General charged Benjamin Moore, 36, in Pottawatomie County District Court after the investigation revealed he allegedly took nearly $85,000 from nine customers …
Crude oil prices wrapped up the week with gains of nearly 3% on Friday as worries grew that the fighting in Israel and Gaza might lead to a wider conflict in the Middle East. At the same time, Oklahoma energy stocks experiences losses of 2% to 3%. West Texas Intermediate crude went up $2.33 or …