Kansas legislators hear complaints about the wind industry

Dozens of landowners and residents voiced their complaints against the wind industry this week at a Kansas legislative committee hearing on a bill proposing restrictions on new wind energy developments in the state. The property owners and others complained of the effect of wind farms and accused county officials of not standing up to large …

Continue reading »

Survey equipment company worker charged with embezzlement

Embezzlement charges have been filed in Oklahoma County against a survey equipment company employee, accusing him of selling equipment for his own profit. Charges were filed against William Cody Gross who worked for Ozark Lazer in Oklahoma City.  After an investigation, police said the 40-year old Gross sold three pieces of equipment for $10,000 to …

Continue reading »

Pipeline builder to sell some of its North Dakota holdings in a $1.6 billion deal

A week after announcing it would join forces with Williams Cos. of Tulsa to build two new natural gas pipelines across Oklahoma, Targa Resources Corp announced it is selling some of its interest in the firm’s North Dakota operations in a $1.6 billion cash deal. Targa said it has entered definitive agreements to sell its …

Continue reading »

Corporation Commission to meet Thursday to consider Universal Service Fund requests

The Oklahoma Corporation Commission will hold a regular meeting Thursday morning at which time it will consider proposed orders. One is for a public hearing to review and monitor the application of a fuel adjustment clause of Empire District Electric Company, a Kansas Corporation. The commission will consider two requests from Windstream Nuvox for funding …

Continue reading »

State moves to create more restrictions on poultry operations

New setback rules for poultry operations in Oklahoma have been approved by the Oklahoma Board of Agriculture but residents fighting expanded operations in eastern Oklahoma say they don’t go far enough. The residents began protesting sudden expansion of some poultry farms last year and claimed it would only add to environmental problems for the Illinois …

Continue reading »

Two new directors named at Halliburton

Halliburton’s added two new members to its board of directors. They are Dr. M. Katherine Banks and Patricia Hemingway Hall. Their appointments were made effective last week and the two will stand for election by stockholders at the annual meeting on May 15, 2019. Dr. Banks, as the Texas A&M vice-chancellor of engineering and national …

Continue reading »

HollyFrontier reports $1.1 billion in 2018 net income but lower 4Q earnings

With refineries in Tulsa and Kansas, New Mexico, Wyoming and Utah, HollyFrontier Corporation reported Wednesday net income of $1.1 billion or $6.19 per diluted share for 2018. But its Fourth Quarter 2017 earnings were much lower than a year earlier. The Dallas company said its adjusted net income was $1.14 billion or $6.44 per diluted …

Continue reading »

STACK pooling orders are averaging $2,500 per acre according to NARO

  Land and mineral rights owners in Oklahoma’s STACK will get an update on drilling and financial trends as the National Association of Royal Owners holds a STACK town hall on Thursday. The event will be held at the Chisholm Trail Technology Center near Omega which is located mid-way between Kingfisher and Watonga. The event …

Continue reading »

Devon Energy unveils plans to dispose of more assets in 2019

While Oklahoma City’s Devon Energy reported Tuesday it had $1.1 billion in fourth quarter 2018 earnings, it plans to dispose of extensive assets in Canada and the Barnett Shale of North Texas. In an announcement, the company said it hopes to complete the separation of the assets by the end of 2019. The Board of …

Continue reading »

Halliburton’s 100 years of existence and success

Before his death, Erle Palmer Halliburton, the man who founded Halliburton spoke of the days when he struggled to survive in the oil and gas business. “There was no such thing as the good old days,” he said. “They were filled with back-breaking labor that aged people before their time. Thank God that American inventiveness …

Continue reading »