Oklahoma Gas and Electric is one of five major utilities in the U.S. identified as not promising to fully decarbonize and follow suit in which numerous other firms have done. GreenTech Media identified five major utilities that it described as “exceptions” or “holdouts” that have not promised to eliminate their greenhouse gas emissions. GTM …
The Trump administration has shelved plans to offer nearly 350,000 acres for oil and gas leasing in Wyoming next week, according to documents seen by Reuters on Thursday, citing protections for a threatened Western bird. In notices posted on a Bureau of Land Management website on Sept. 11 and Sept. 14, the agency’s …
The Oklahoma Water Resources Board will hold a public webinar this week to update the state on ongoing efforts to protect the Illinois River Watershed from phosphorous pollution. The OWRB’s Water Quality Standards staff will inform stakeholders and others about the revision of what is known as the “total phosphorous criterion” for the protection …
Just as oil futures seem to be mired in the low $40s, so are stocks in Oklahoma energy companies as reflected by Friday’s trading. More firms reported a loss as Wall Street closed for the weekend. Alliance Resource Partners dropped 4 cents for a 1.24% decline to $3.18. Blueknight Energy Partners gained only one …
While Chesapeake Energy wades through its Chapter 11 bankruptcy, the Oklahoma City company has made a new credit agreement with at least 14 lending institutions. The filing of a Form 8-K with the Securities Exchange Commission showed Chesapeake Energy signed a “Senior Secured Super-priority debtor-in-possession credit agreement” on Sept. 15, 2020. “The Amendment, among …
Oil futures split paths for the session on Friday, with U.S. prices up modestly and global prices slightly lower but both benchmarks logging their biggest weekly gain since June after major oil producers pledged their full commitment to output cuts. West Texas Intermediate crude for October delivery tacked on 14 cents, or 0.3%, to settle …
The number of oil and gas drilling rigs in the U.S. continues to be anemic with an increase of one to 255 in the past week while in Oklahoma, the count was unchanged at 12 active rigs. Figures provided by the Baker Hughes Co. showed the national count included a decline of one oil …
While Oklahoma Corporation Commissioners debate whether to continue their order closing the agency’s headquarters building to the public due to the COVID-19 pandemic, numbers show at least seven employees have tested positive to the coronavirus since its outbreak. As brought out in last week’s meeting of the commission, at least two weigh stations were …
We will learn in late October how ConocoPhillips fared in the ongoing third-quarter as the company announced it will release its financial and operating results on Oct. 29. The company suffered a $1 billion second quarter loss as the COVID-19 pandemic hit the energy industry worldwide. Company management will hold a conference call webcast …
