Continental Resources in Oklahoma City announced this week plans for a $1 billion stock buyback. The announcement was made as the company also said its directors approved a quarterly dividend of 5 cents per share on the company’s common stock. “Today marks another milestone in Continental’s history as we initiate a total shareholder return strategy,” said Harold Hamm, …
Environmentalists and lawmakers in New Mexico stepped up their threats to sue the U.S. Air Force over decades-old fuel leaks at Kirtland Air Force Base near Albuquerque. The leaks were first detected in 1999 but might have first developed in 1950. They prompted a coalition of groups to demand deadlines for cleaning up the jet …
Rural Sourcing (RSI), the leading provider of US-based IT outsourcing services, is bringing 150 high-paying technology jobs to Oklahoma City. RSI, along with Governor Kevin Stitt and OKC leaders, cut the ribbon on a new development center in the heart of OKC. In the historic Rock Island Plow Building, teams of software engineers …
Pumpers, linesman, oilfield derrick hands and wind turbine technicians can no doubt attest to just how wet the month of May was in Oklahoma. The Oklahoma Mesonet says it turned out to be the state’s fourth wettest month on record as the statewide average rainfall total was 10.48 inches. That’s 5.66 inches above normal. State …
As the push for more renewable energy development grows, consider the step taken by a school district in Fargo, North Dakota. An all-electric school bus. The West Fargo Public School district received North Dakota’s first zero emissions electric bus, a Blue Bird Visision equipped with the Cummins PowerDrive System. The bus, which can travel up …
While oil and gas producers in Oklahoma focus on production in the state, a Dallas company reports an oil discovery in the Gulf of Mexico. Kosmos Energy said the discovery was the Gladden Deep which is expected to be brought online in the fourth quarter of the year. The company said that based on preliminary …
The expansion of the poultry operations in eastern Oklahoma led to claims in the past year of growing environmental problems. especially those along the Illinois River. But now the National Chicken Council has released a survey contending that the industry has one of the lowest environmental footprints in animal agriculture, and that environmental knowledge …
Blaine county in Oklahoma’s STACK play has seen plenty of drilling activity by Oklahoma City-based Devon Energy. And it’s proven to be productive. The company filed five completion reports in the county this week with production ranging from a high of 644 barrels of oil a day down to 331 barrels a day. Three of …
While a Texas federal appeals court has ruled against the Environmental Protection Agency in a fight over WOTUS, a Tulsa federal judge has ruled against Oklahoma’s bid for an injunction against the expansion of powers. The ruling by Tulsa U.S. District Judge Claire V. Eagan against Oklahoma came in a challenge filed by the state …
Minor earthquakes continue to cause shaking throughout Oklahoma with one of the latest to be recorded Monday near Tuttle. It was a 2.2 magnitude quake with a depth of about 3.5 miles, according to the U.S. Geological Survey. The quake’s epicenter was about 4 miles southeast of Tuttle and reported around 7:46 in the morning. …