We’re just learning that Oklahoma City and Tulsa were not the only places in the state that attempted to become Amazon’s second national headquarters. There was a third candidate, according to the Tulsa World. The identity was revealed last week after Amazon narrowed a list of more than 230 applicants to 20, excluding any and …
While they’re awaiting a date to return for a second special legislative session and about to begin the 2018 regular session, legislators are wondering the impact of endorsements by oil and gas groups of a plan to raise gross production taxes. The increase in taxes was proposed by Step Up Oklahoma, the newly-formed group of …
Construction started earlier this month on the nearly eight-mile extension of the John Kilpatrick Turnpike in southwest Oklahoma City near the city of Mustang. It comes as the Oklahoma Turnpike Authority has approved bids totaling $94 million for the first two sections of the project, according to a published report in the Yukon Review. Total cost …
Chesapeake Energy Corporation has announced that its Board of Directors has declared dividends on its outstanding convertible preferred stock issues, as stated below. 4.50% 5% 5.75% 5.75% (Series A) NYSE Symbol CHK Pr D N/A N/A N/A Date of Original Issue September 14, 2005 November 8, 2005 May 17, 2010 May 17, 2010 Registered CUSIP 165167842 …
In an amended call for the second special session of the Oklahoma legislature, Governor Mary Fallin included a proposal to increase the gross production tax on oil and gas and to raise the tax on gasoline and diesel sold at the pump. Her call wants to increase the current 2 percent tax to 4 percent …
Oklahoma Attorney General Mike Hunter is pushing ahead with his fight to keep secret a State Auditor’s report on alleged wrongdoing by the Trust that handled buyouts at the Tar Creek Superfund site. In a recent court filing in response to the lawsuit filed by Washington D.C.-based Campaign for Accountability, the attorney general said the …
Oklahoma’s oil and gas drilling rig count at 121 in the past week while the national rig count fell by 3 to reach 936. Baker Hughes Co. and the Red Top Rig Report based in Wichita, Kansas reported new figures. Nationally, the number of oil rigs fell by 5 to reach 747 while the number …
In a test designed to validate advanced drilling technologies, Catoosa Test Facility says it successfully drilled an extended test well to 7,449 feet using Oil Based Mud for a major company. Operators say they normally are not concerned about total depth but the facility was able to test prototype tools of any type downhole, …
With a large presence in Oklahoma, Schlumberger Limited announced fourth quarter revenue of $8.2 billion, an increase of 3 percent. The company said its fourth-quarter pretax operating income was $1.2 billion. Its full-year cash flow from operations totaled $5.7 billion. But the company’s full-year 2017 revenue totaled $30.4 billion which was a 9 percent increase …
A few weeks after OGE sent trucks and crews to be shipped to Puerto Rico for post-Hurricane Maria power restoration, the trucks arrived this week. Word came from OGE by twitter and in the form of two pictures showing the arrival of the trucks by barge. Our #BigOrange trucks just pulled into port in Ponce, Puerto Rico! …