January 13, 2020 archive

Record closings of coal plants in U.S.

A new report claims that U.S. coal-fired power plants closed at the second-fastest pace on record last year, despite the efforts of President Trump to prop up the industry. Reuters reviewed federal data and found that power companies retired or converted roughly 15,100 megawatts (MW) of coal-fired electricity generation, enough to power about 15 million homes, …

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Energy news in brief

** Alliance Resource Partners, L.P. in Tulsa will report its fourth quarter 2019 financial results before the market opens on Monday, January 27, 2020. Alliance management will discuss these results during a conference call beginning at 10:00 a.m. Eastern that same day. ** A former coal plant decommissioned nearly three years ago in western Michigan is demolished. ** A report …

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Unit Corporation extends note offering

Tulsa’s Unit Corporation is extending its offer for senior notes, an offer first announced in early November 2019. The company stated on Monday that the extension for the 6.625% Senior Subordinated Notes due 2021, newly-issued 10.000% Senior Secured notes due 2024 and 7.000% Junior Secured notes due 2025 will now be Friday, January 31, 2020. …

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Chaparral Energy regains NYSE compliance

Oklahoma City’s Chaparral Energy, Inc. announced Monday it has received notification from the New York Stock Exchange that the company has regained full compliance with all of the NYSE’s continued listing standards. It was Nov. 11, 2019 when the Stock Exchange notified the company that it was no longer in compliance with the listing requirements …

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Oklahoma gas prices remain steady in wake of Iranian tension

Gasoline prices have risen only a few cents in the wake of the U.S. killing of Iranian Major General Qassem Soleimani. The latest average price is $2.59 a gallon, up only one cent in the past week. Oklahoma gasoline prices remained at $2.26 per gallon, unchanged from a week ago. In Oklahoma, the highest average …

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