Oklahoma Gas and Electric says it is asking the Oklahoma Corporation Commission to review the company request to receiver a nearly $390 million investment in the Mustang Energy Center. In announcing the move, OGE said it initially planned to seek a rate hike of about $70 million a year to recover its investment in …
If the commercial commitments for a Keystone XL pipeline are anything, it’s enough for TransCanada to move ahead with the development of the controversial line. The Canadian company said Thursday the commitments represent about 60 percent of the capacity for the line that will carry crude oil from Canada through Montana and South Dakota and …
One of the largest wells to be drilled in weeks in northwest Oklahoma was in Major County. The Bravo 28-20-12 1HC well drilled by Chesapeake Operating LLC has produced of 1,760 barrels a day according to the latest reports from the Oklahoma Corporation Commission and published by OK Energy Today. Located about 4 miles northeast …
Gasoline prices jumped an average of 7 cents in the past week in Oklahoma to reach an average of $2.32 a gallon, according to the latest fuel gauge report from AAA Oklahoma. Credit a two-year high demand for gasoline across the U.S. The new average is 23 cents below the national average which rose 4 …
Directors at ONEOK, Inc. declared on Wednesday a quarterly increase of its dividend of 2.5 cents a share or 3 percent compared with its prior dividend, bumping the dividend to 77 cents a share. It resulted in an annualized dividend of $3.08 a share and will be payable Feb. 14, 2018 to shareholders of record …
Leaders of Oklahoma City’s SandRidge Energy were scheduled to meet Wednesday with investor Carl Icahn over his demands for a shake-up of the company’s board of directors. His demands came after he publicly challenged SandRidge Energy’s proposed $746 million acquisition of Bonanza Creek Energy in Colorado. Icahn and other investigators argued it was too expensive …
Whoever is elected Governor of Oklahoma later this year will have a lot to say about the impact of state government on the energy industry, whether it is oil and gas or wind. As those in the energy industry decide who to support, SoonerPoll’s latest survey of voters shows Oklahoma City Mayor Mick Cornett is …
A new report from the Oklahoma Department of Commerce says the state had more than $6 billion in new investment by companies in 2017. More than 3,500 jobs are eventually expected from the announcements. At least 22 companies were new to the state. The largest investment was Invenergy’s $4.5 billion wind farm in the Oklahoma …
Oklahoma Gov. Mary Fallin is trying to assure Oklahomans that a false warning about any missile attack on the U.S., whether it is from North Korea or not, is not likely. In a statement this week, the governor said “Procedures are in place to prevent a false warning being sent by the Oklahoma Department of …
The U.S. Senate Commerce Committee votes Thursday on the re-nomination of Oklahoma Congressman Jim Bridenstine to be the next Administrator of NASA. The hearing will start at 10 a.m. Oklahoma time as the committee plans an executive session to discuss Bridenstine’s nomination as well as others. He previously earned committee confirmation by one vote as …