U.S. Sen. James Lankford chaired his first hearing as the new chairman of the Financial Services and General Government Appropriations Subcommittee. The hearing concerned the fiscal year 2019 budget requests of the Federal Communications Commission and the Federal Trade Commission. Lankford took over the leadership of the subcommittee after the resignation of former Chairman Senator …
XTO Energy, a firm with a Mid-Continent office in Oklahoma City is closing its corporate headquarters in Fort Worth, Texas and relocating business activities to Houston. XTO is a subsidiary of ExxonMobil Corp. and announced the move this week, one that will affect a total of 1,200 workers. The company informed the Texas Workforce Commission …
An investigation by NBC News came up with a fascinating finding that shows how some environmental groups aren’t exactly all revealing when it comes to their investments in—–oil and gas! While such groups have urged universities to divest themselves of investments in fossil fuels, the NBC investigation discovered some have quietly maintained such investments. The …
Tulsa’s NGL Energy Partners LP will issue its fiscal fourth quarter and full year ended March 31, 2018 earnings report in a few weeks. The company plans to release the report after the market closes on Wednesday, May 30, 2018. The management team will host an earnings call following the release at 5 p.m. CDT …
A new national water study shows Oklahoma City’s water quality is just barely above average and that nationally, 30% of residential water utility customers indicate they have water quality issues. The study, released by J.D. Power suggests the EPA’s Consumer Confidence Reports might not be giving a complete picture of end-consumer water quality. The study …
The Oklahoma Corporation Commission continues monitoring cleanup and repairs made at the deadly gas drilling site where five workers died in a fiery explosion in January. A report released by the Commission shows Red Mountain Operating, based in Oklahoma City had continued working since the January incident to remove drilling tools lost in the well …
Oil and gas companies aren’t letting up in their exploration of Oklahoma’s STACK and SCOOP. The latest round of Permits to Drill approved by the Corporation Commission showed continued interest in and around both plays. Blaine County, one of the three counties considered to be the STACK play shows 7 more permits to drill have …
Oklahoma U.S. Sen. James Lankford stepped up his opposition to what he labeled “burdensome” net neutrality regulations this week. But it wasn’t enough as the Senate voted 52-47 to restore net neutrality rules that the FCC had removed in December 2017. Democrats didn’t like the FCC move against regulations created in the Obama administration. Sen. …
While Vermont Sen. Patrick Leahy’s rant against EPA Chief Scott Pruitt might have been what got the most coverage out of a Wednesday Senate hearing, Pruitt also confirmed he’s hired a defense lawyer to help with a dozen federal investigations of his activities. It’s what he revealed in the hearing, explaining he hired white-collar defense …
A 78-cent a share quarterly dividend was declared Thursday by WPX Energy’s board of directors in Tulsa. The dividend is for holders of the company’s 6.25 percent Series A Mandatory Convertible Preferred Stock. It will be payable as of July 31, 2018 to holders of record of the company’s preferred stock on July 13, 2018. …