Still worried about China’s COVID-19 restrictions and its decreased demand for crude oil, investors sent crude oil prices falling on Monday. But Oklahoma energy prices scored strong gains for the day. West Texas Intermediate crude for December delivery dropped 82 cents or less than 1% to settle at $91.79 a barrel on the New …
November 7, 2022 archive
Data breaches result in settlements with Experian and T-Mobile
Attorney General John O’Connor announced Monday that Oklahoma and a coalition of other attorneys general obtained two multistate settlements with Experian concerning data breaches in 2012 and 2015 that compromised the personal information of millions of consumers nationwide. Experian is a credit reporting company that serves over one billion people. The coalition has also …
New Oklahoma regulator to be chosen Tuesday
Oklahoma will most likely have a new Corporation Commissioner at the end of election day. Voters are choosing between former State Sen. Kim David, a Republican from Porter and University of Tulsa law professor and water and energy resources expert Warigia Bowman. They are running to succeed Dana Murphy who is term-limited and will …
Extra energy headlines
** Exxon Mobil Corp will take up to a $2 billion loss on the highly leveraged sale of a troubled California offshore oil and gas field that have been idled since a 2015 pipeline spill. The sale comes after a failed bid this year to restart production at the site and as Exxon culls poor performing businesses. …
PSO honored for supporting and hiring veterans
Public Service Company of Oklahoma , a unit of American Electric Power, was one of 26 companies recognized Monday in Tulsa for hiring and supporting U.S. military veterans during a City Hall ceremony led by Mayor G.T. Bynum. For the fourth consecutive year, the Oklahoma Veterans Alliance (OVA) recognized PSO as a Veteran Employer Champion. The …
Explosions hit Georgia chemical plant
Several explosions Monday morning at a Georgia chemical plant resulted in evacuations of nearby neighborhoods. The blast and fire occurred at the Symrise Chemical Plant outside the city of Brunswick. Several explosions were heard according to the Glynn County Sheriff’s Office. The cause of the explosions had not been determined. In a statement provided …
Coming six years will result in one-fourth of coal fired power plants retired in US
The federal government issued a report this week indicated that nearly a quarter of the coal-fired power plants in the U.S. will be retired or shut down by 2029. The U.S. Energy Information Administration cited continued competition from natural gas and renewable resources as the reason that 23% of the 200,568 megawatts of coal-fired …
Hamm advances private takeover offer of Continental Resources
In yet another filing with the SEC, billionaire Harold Hamm and his family took another step toward their total purchase of Continental Resources Inc. and return it to private control. The Nov. 7 filing with the Securities and Exchange Commission included an amendment which stated Hamm’s offer of $74.28 per share was made Oct. …
Northeast Kansas county considers ‘hold’ on solar and wind farm development
A county in northeast Kansas is considering a moratorium on all future wind and solar farm. Jack County commissioners scheduled a hearing this week to discuss the possibility according to KSNT. Click here for KSNT
$100 million bonuses at the center of a Texas oil fight
A sticky oil fight is underway in Texas and it involves bonuses paid to two oil executives. Forbes explores the battle that’s underway involving the two executives who were awarded $100 million bonuses after they made $1.6 billion for the family of late wildcatter J. Cleo Thompson and defended them against T. Boone Pickens. …
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