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New South Canadian River Bridge to Be Built at Purcell and Lexington
Three years after the Purcell-Lexington bridge over the South Canadian River was closed because of the discovery of cracks, the state is about to begin construction of a new bridge. Work is scheduled to begin this year on replacing the 79-year old U.S. 77/State Highway 39 that links the two cities. It could last 18 …
OGE Announces Expansion of Rate Refund Program
Oklahoma Gas and Electric announced this week plans to expand its rate-refunds to some former customers. The announcement followed the company’s most recent rate case. Existing customers started receiving refunds in May after the company filed its new rates. OGE will now start providing refunds to customers who discontinued their electric service during the interim …
Annual Tinker Air Force Base Contracting Conference Approaching in Midwest City
Tinker Air Force base is planning another effort at attracting business with civilian firms with its Tinker and the Primes. For eleven years, Tinker and the Primes has attracted hundreds of aerospace, defense and government contracting agencies and organizations. This year’s conference “Innovating Together” will be the 12th and is planned for Aug. 21-23 at …
New Chief Accounting Officer Named at SandRidge Energy
Oklahoma City’s SandRidge Energy has announced the appointment of a new Senior Vice President and Chief Accounting Officer. Michael A. Johnson will assume his new duties Aug. 15, after departing Chesapeake Energy Corporation where he had worked for 17 years. The 52-year old Johnson previously was Vice President of Accounting and Financial Reporting at Chesapeake. …
PSO Wants Quick Decision from State on Proposed Largest Wind Farm in the U.S.
Tulsa’s Public Service Co. is asking for a quick decision from the Oklahoma Corporation Commission on its plan to build what will be the largest wind farm in the U.S. PSO and a sister utility say they need the fast response in order to have the Wind Catcher project near Guymon qualify for federal tax …
Energy Transfer Founder Says Wrong Information was Used in Call for Investigation of His Pipeline
Dallas billionaire Kelcy Warren, the man behind the Dakota Access pipeline and the failed merger with Tulsa’s Williams Companies is telling two members of congress they used inaccurate information to call for an investigation of his latest pipeline venture. Warren’s founder of Energy Transfer Partners LP and responded to Sen. Maria Cantwell of Washington and …
ConocoPhillips Wraps up $3 billion Sale of San Juan Basin Holdings
ConocoPhillips says it’s wrapped up its sale of its San Juan Basin assets in New Mexico with Hilcorp Energy Company. The firms had previously announced the $3 billion sale. The sales price includes $2.7 billion in cash and contingent payments of up to $300 million. The contingent payments portion is effective from Jan. 1, 2018 …
Holly Energy Reports Increased Income in 2nd Quarter
Holly Energy Partners, the Dallas based company with a refinery and storage facilities in Oklahoma reported an increase in net income in the second quarter. Income totaled $41.3 million compared to $39.1 million one year ago. Distributable cash flow was $60.9 million for the quarter, an increase of $5.2 million or 9.3% compared to the …
A Good Second Quarter for OKC’s Enable Midstream
Oklahoma City’s Enable Midstream Partners, LP reported an increase in second quarter 2017 net income compared to a year ago. Income totaled $95 million, up from the $39 million reported in the second quarter of 2016. The company credited a higher gross margin, partially offset by higher interest expenses and higher depreciation an amortization expense. …
Total Energy Production Rankings Released by EIA
The federal government says when it comes to total energy production in the U.S., the state of Wyoming is at the top of the list. The remaining states in the top five are Texas, Pennsylvania, West Virginia and North Dakota. Oklahoma is ranked third nationally behind number one Texas and Pennsylvania when it comes to …