October 18, 2020 archive

Chaparral Energy emerges from Chapter 11 bankruptcy

  Oklahoma City’s Chaparral Energy has emerged from its Chapter 11 bankruptcy with a new revolving credit as well as a new board of directors. The company said it emerged as a private, non-SEC filing company as well and successfully completed its financial restructuring. It also managed to equitize all $300 million of its unsecured …

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EV growth in Oklahoma is focus of legislative hearing

  Experts predict that by 2040 that at least 80% of the cars and trucks on Oklahoma highways will be electric vehicles. Mustang Rep. Brian Hill wants the state to be prepared with the challenges of EV traffic and recently as part of an interim study held by the State House of Representatives. The Tuttle …

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Maybe Monday will be a better trading day for energy companies

  Friday was just not a good day for energy companies as they saw the value of their shares slide downward in trading. So the leaders of those Oklahoma energy firms will be looking for improvements on Monday. Here’s how some of the local stocks did. Alliance Resource Partners dropped 5 cents or nearly 2% …

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Oil ends lower on demand concerns, but prices scored a gain on the week

  Oil futures slipped a bit on Friday as rising COVID-19 cases in the U.S. and Europe heightened worries about demand for crude, but prices finished higher for the week, partly due to assurances from OPEC+ that it remains committed to production cuts. West Texas Intermediate crude for November delivery fell 8 cents, or 0.2%, to …

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Kansas Corporation Commission schedules public hearing and comment period to receive input on solar rate design

Kansas regulators plan a public hearing in November to receive input on electric rate options for those who use solar panels. The Nov. 5 virtual hearing will be at 6 p.m. and be held by the Kansas Corporation Commission. In September 2018, as part of a Westar (now Evergy) rate case, the Commission approved a …

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Array Technologies Shares Surge After First Big US Solar IPO of 2020

  Array Technologies, a New Mexico-based maker of solar tracking systems, launched onto the Nasdaq Global Market late last week, capping one of the biggest U.S. renewable energy IPOs of recent years. In listing its shares publicly, Array is riding two trends: growing demand for equipment that allows solar projects to squeeze out more power and …

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Amazon to deploy 10K electric last-mile vans en route to net-zero carbon

Amazon will put 10,000 custom Rivian electric delivery vans on the road “as early as 2022,” the company said in a blog post last week revealing the design. Utility Dive reported the vans include sensor detection, a suite of highway and traffic assist tools, cameras to facilitate a 360-degree view around the vehicle, and multiple safety features …

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Oklahoma’s rig count showed slight increase

  The latest Baker Hughes Co. rig report showed Oklahoma’s count increased by two to 14. The number is still far below the 60 active rigs reported one year ago. Nationally, Baker Hughes reported an increase of 13 rigs to 282 including 12 more oil rigs to reach 205 and one more gas rig to …

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Devon Energy offers OKC’s historic Colcord Hotel for sale

  The price wasn’t disclosed but Devon Energy in Oklahoma City confirmed it has put the historic Colcord hotel on the market, nine years after it bought the property next to its 50-story headquarters. Reporter Steve Lackmeyer with The Oklahoman reported the story over the weekend. Click here for the story.

Hope is high for more development of Oklahoma’s Spaceport

  Leaders of the Oklahoma Space Industry Development Authority have hopes of more development of the Spaceport located at Burns Flat in western Oklahoma. They talked about their plans in a Sunday article by reporter Dale Denwalt in The Oklahoman. Click here for the story.