Oklahoma State Treasurer Randy McDaniel reported this week that the state’s expanding economy pushed gross receipts to an all-time high as collections from the past 12 months topped $14.5 billion. Rising oil prices were a key part of it. Gross receipts for the month were also a record high totaling $1.38 billion, exceeding results …
Mineral rights scheme leads to 2nd federal indictment
A federal grand jury indicted an Oklahoma City attorney this week, making him the second person charged in a mineral rights scheme. The Oklahoman reported attorney Mitchell K. Coatney was accused of allegedly working with Justin Biggs who at the time was an employee of Continental Resources Inc. The indictments accuse the two of …
Call for more solar energy development in Oklahoma
A leader of a solar energy organization in Oklahoma says it’s time the country’s energy policy came out of the Dark Ages. The call comes from J.W. Peters who is president of Solar Power of Oklahoma and wrote about it in an op-ed piece for The Oklahoman. Click here for The Oklahoman.
United Energy expands holdings in NE Oklahoma
A 140-mile natural gas pipeline owned by Red Fork Energy in Wagoner County, Oklahoma has been acquired by United Energy, a firm based in Plano, Texas. No sales price was disclosed in the announcement. It is a second major acquisition in eastern Oklahoma for United Energy. In August, the company announced it had acquired what …
Other energy stories from around the globe
** Pennsylvania’s attorney general announced the filing of criminal charges against pipeline operator Sunoco for last year’s spill of thousands of gallons of drilling fluid. Energy Transfer, Sunoco’s owner, faces 48 criminal charges, most of them for illegally releasing industrial waste at 22 sites in 11 counties across the state. ** The U.S. Coast Guard …
Austin, Texas might become new headquarters for Tesla
Tesla’s annual shareholders meeting on Thursday will not be in California but rather in Austin, Texas—a sign that the company’s headquarters could be leaving the West Coast and be relocated in the Texas State Capitol. Tesla CEO Elon Musk already made the move from California to Texas as Business Insider reported this week. Click …
ONE Gas 3Q earnings report coming soon
ONE Gas, Inc. will release its third quarter 2021 earnings after the market closes on Monday, November 1, 2021. The ONE Gas executive management team will participate in a conference call the following day, Tuesday, November 2, 2021, at 11 a.m. Eastern Daylight Time (10 a.m. Central Daylight Time). The call also will …
Missouri county wind turbine regulations near approval
Voters in central Missouri’s Boone County might vote in a few weeks on putting restrictions on wind farm development. County Commissioners plan to unveil their final proposed regulations including the height of wind towers, potential environmental ramifications and visual impacts reported KOMU TV news. In June, the county planning commission recommended restrictions to include: …
$2 billion purchase leaves Icahn fuming
Activist investor Carl Icahn, yes the same one who holds controlling interest in Oklahoma City’s SandRidge Energy as well as CVR Energy tried but failed to convince Las Vegas-based Southwest Gas not to buy Dominion Energy’s Questar Pipeline in a $2 billion deal. He revealed earlier Tuesday that he had a 4.9% stake in …
Crude oil climbs closer to $83 but Oklahoma energy stocks sagged Tuesday
Another day–another jump in crude oil prices as US crude hit nearly $79, its highest level since 2014 and Brent futures rose to a three-year high. But the gain in crude prices didn’t provide a lot of fuel for Oklahoma energy stocks. West Texas Intermediate crude for November delivery went up $1.31 to finish …
