With Oklahoma to soon be under new leadership at the capitol, outgoing Governor Mary Fallin is not only offering help in making the transition for Governor-elect Kevin Stitt, but some advice too. And it focuses on energy. “Whether you’re Democrat or Republican, every governor will have an economic downturn with the energy sector,” she said …
In winning a record 6th term to the Oklahoma Corporation Commission on Tuesday, Bob Anthony carried all 77 counties in the state. He ended up with 60% support after facing challenges from Democrat Ashley Nicole McCray, the Indian and environmental activist who received 34% and from Independent Jackie Short who ended up with about 6% …
Oklahoma Corporation Commissioner Bob Anthony brushed back challenges by two women opponents in Tuesday’s general election and won re-election for a sixth term. The Republican received 60.04% of the 1,167,032 votes cast statewide, beating Democrat Ashley Nicole McCray and Independent Jackie Short. McCray received 34.29% of the votes while Short received 5.67%. In terms of …
A state question calling for the creation of a reserve fund to finance education by diverting 5 percent of gross production tax collections in Oklahoma was defeated Tuesday by voters. State Question No. 800 was defeated by a margin of 57.22% against and 42.78% in favor. The number of ‘no’ votes totaled 652,984 while the …
A new $43 million bridge will be built to replace a mile-long bridge over Lake Texoma following approval of a contract this week by the Oklahoma Department of Transportation. The Transportation Commission approved the contract with Jensen Construction Co. of Sand Springs to replace the 58-year old bridge spanning the border between Oklahoma and Texas. …
Tulsa-based Mid-Con Energy Partners announced while it saw increased oil production in the third quarter of 2018, it also had a net loss of $3.35 million. The loss was a 51.1% drop from the second quarter of the year and 51.7% decrease from the third quarter of 2017. The company’s adjusted earnings came to $7.5 …
Laredo Petroleum, Inc. based in Tulsa announced its 2018 third-quarter results including net income of $55.1 million or 24-cents a share. The company’s adjusted net income for the quarter was $62.4 million or 27-cents a share. Laredo indicated it had record 71,382 barrels of oil equivalent a day in production for the quarter which was …
Oklahoma City’s SandRidge Energy announced this week the sale of nearly 1,500 low-performing wells in the Permian Basin along with more than 13 million shares of SandRidge Permian Trust in a $14.5 million deal. It followed up with a $25.1 million purchase of oil and gas properties, rights and assets in the Mississippi Lime and …
Tulsa’s Magellan Midstream Partners, L.P. joined forces this week to announce the launch of an open season on a proposed new pipeline to carry crude from Cushing, Oklahoma south to Houston, Texas. Magellan is also exploring the possibility of a second line that would carry oil from Houston to Corpus Christi. Working with Navigator Energy …
A federal appeals court in Houston has upheld a more than $12 million judgment won by National Oilwell Varco, L.P., a Texas firm with major operations throughout Oklahoma. The ruling came in a lawsuit filed by NOV against Sadeesh Sadagopan, Majed Hamdan and Khaled Zantout who were accused of fradulent schemes and conspiracy. A lower …
