The site of the abandoned BlackFox nuclear power plant in eastern Oklahoma is about to become the location for a $350 million paper plant. An Italian-based firm, Sofidel America has announced plans to locate a new plant near Inola. And this week, demolition crews were busy removing foundations of buildings that were never built at …
A merger of two water construction companies was announced this week involving firms from Texas and California. Granite Construction Incorporated based in California has entered into an agreement with Layne Christensen Company of Houston, Texas. Granite is acquiring all of the outstanding shares of Layne in a stock-for-stock transaction valued at $565 million. The Boards …
Tulsa’s Williams Companies Inc. announced it not only had a net income off $1.687 billion in the 4th quarter of 2017 but it increased its adjusted earnings to $1.160 billion for the entire year. The unaudited fourth-quarter 2017 net income attributable to Williams was $1.687 billion, an improvement of $1.702 billion from fourth-quarter 2016. For …
Oklahoma’s ONEOK just got another major investor this week. State Street, the world’s 3rd largest investment firm based in Boston, Massachusetts made a significant purchase of ONEOK shares. State Street, with $2.8 trillion in assets and investments acquired 19,435,989 shares in ONEOK, giving it 5.07% ownership. The purchase was revealed in a filing made by …
Oklahoma City’s Chesapeake Energy has become the target of two major U.S. investment firms with each just acquiring 6 to 7 % of the shares in the company. Filings made by Chesapeake Energy with the U.S. Securities Exchange Commission show State Street, the 3rd largest investment advising firm in the world purchased 55,212,444 shares of …
The latest Oklahoma Energy Index shows strong economic gains are being made in Oklahoma because of growing improvements in the oil and natural gas industry. Dr. Russell Evans, executive director of the Steven C. Agee Economic Research and Policy Institute, said the most recent Oklahoma Energy Index (OEI) said both rural and urban areas of …
As the State of Oklahoma proposes to take the lead in enforcement of coal ash permitting in the state, the Oklahoma Sierra Club is concerned state budget funding challenges might be too much for the state to handle. It was the claim of Johnson Bridgwater, President of the State Sierra Club who was one of …
With the arrival of Valentine’s Day, a warning’s being issued by power companies across the country—be careful about releasing any of the metallic balloons that fancy some sweethearts. If one of the metallic balloons comes into contact with a power line, it can lead to a power outage. For example, last year in California, Pacific …
The operator of a 26-mile water line serving the Delaware Basin in west Texas has finished a six-mile extension ahead of schedule. Layne Christensen Company started the project in December and announced it is already for transmission. The pipeline is near Pecos and runs northward into Reeves County. It has a capacity of 175,000 barrels …
At least 8 Republicans in the Oklahoma House of Representatives say there are alternatives to the massive $704 million tax hike proposed by Step Up Oklahoma, the new group formed by civic and business leaders. The 8 make up the Oklahoma Republican Platform Caucus and said the bills proposed by Step Up represented the largest …