The effort by Continental Resources to do more exploration in southern Oklahoma paid off with a nearly 1,200 barrel a day oil well in Stephens County. The firm filed a completion report this week on a well completed April 14, 2023 at 29 1N 4W, a site several miles north of the city of …
Power cutoffs fall under spotlight with record high temperatures
With record high temperatures hitting the nation, the issue of electricity cut-offs by utilities comes more and more into focus. As OK Energy Today recently reported, Summit Utilities, based in Arkansas but with thousands of customers also in Oklahoma, is in negotiations with Arkansas regulators in a bid to resume shutoffs. The Attorney General …
Oklahoma credit rating reaffirmed by S and P Global Ratings
S&P Global Ratings has issued a revised outlook for the State of Oklahoma, elevating its status from stable to positive, and affirmed the state’s ‘AA’ long-term issuer credit rating, State Treasurer Todd Russ announced Tuesday. The upgraded outlook from stable to positive applies to the appropriation-backed outstanding debt of the Oklahoma Development Finance Authority (ODFA) …
ONEOK files more proxy material for Magellan Midstream merger
ONEOK, Inc. announced that it has filed definitive proxy materials with the U.S. Securities and Exchange Commission in connection with ONEOK’s pending acquisition of Magellan Midstream Partners, L.P. The ONEOK Special Meeting of Shareholders is scheduled to take place on Sept. 21, 2023, at 9:00 a.m. Central Time (10:00 a.m. Eastern Time). The Special …
Headlines
** The fate of a controversial natural gas pipeline in West Virginia may rest with the U.S. Supreme Court, as the state appealed a lower court’s ruling that temporarily blocked construction despite a Congressional order clearing the way for the project. ** The Biden administration is considering a new set of tariffs on some steel …
Latest battle plan to target pesky red cedar trees in Oklahoma
Another effort is being proposed in Oklahoma’s seemingly never-ending fight against red cedar trees along the North Canadian River. State Rep. Mike Dobrinski, R-O’Keene, filed a bill to spend $3.2 million to target the trees on 5,000 acres of the North Canadian River watershed stretching from the Panhandle to Oklahoma City. Dobrinski calls it …
Refinery shutdown in Louisiana could mean higher gasoline prices
Oh oh. Gasoline prices might take a jump following the shut down of an Exxon Mobil Corp. refinery for unexpected repairs. It happened at Exxon’s Baton Rouge, Louisiana refinery, one of the largest in the nation and the shutdown could last for much of the rest of the summer driving season according to a …
Two-month high reached for crude oil prices
A 2% jump in crude oil prices was recorded Monday due to tightening supplies and increasing U.S. gasoline demand, while Oklahoma energy stocks rebounded as well with at least one firm seeing a 6% gain for the day. Crude prices reached nearly a three-month high according to Reuters. West Texas Intermediate rose $1.67 or …
Train derailment cleanup to be finished mid-week in northern Oklahoma
Cleanup from the Friday morning 90-mile an hour wind blast that derailed 29 cars of a Burlington Northern Santa Fe train near Fairmont in northern Oklahoma could be complete by Tuesday. No injuries were reported in the early morning incident and hazardous chemicals were not involved. Fairmont Fire Chief Joel Eggers indicated trains …
Duncan to be site for new transportation company operation
A bus and transportation company based in Indianapolis plans to open a new operation in Duncan, creating 15 to 20 new jobs. The Journal Record first reported the announcement by Model 1, a company that represents more than 20 top commerial vehicle manufacturers nationwide. In Duncan, the company said it will invest in a …