Jerry Bohnen

Author's posts

Coal Demand Tumbles in Oklahoma and Rest of the Nation

Ever since the election of President Obama, the nation’s use of coal to generate electricity has tumbled 29 percent from its peak of 1,045 million short tons. The latest figures show coal use has dropped in every state including Oklahoma where the amount of coal used in the coal-fired electric generating plants is 24 percent …

Continue reading »

OGE Heads to Corporation Commission with $92 million Rate Hike Request

  An administrative law judge will begin Tuesday what could be a several-week long hearing into a more than $92 million rate hike request by OG&E. The request was filed weeks before the utility won approval in a controversial Corporation Commission decision on making $500 million in environmental improvements to the firm’s coal-fired Sooner Power Plant …

Continue reading »

OKC’s Blueknight Energy Partners to Announce First Quarter Results on Wednesday

  Oklahoma City-based Blueknight Energy Partners, L.P. will announce its first quarter 2016 financial results after the market closes on Wednesday. The company plans to discuss the results during a conference call on Thursday, May 5 at 1:30 p.m. CDT. The company has assets of 7.4 million barrels of crude oil storage in Oklahoma and …

Continue reading »

Tulsa’s WPX Energy Produced $93 million in Senior Notes Tender

  Tulsa-based WPX Energy wrapped up its cash tender offer on Friday for purchases of its outstanding 5.250 percent Senior Notes due 2017. The offer ended Friday at 5 p.m. and indicated $93 million or nearly 31 percent of the outstanding Notes had been tendered and accepted. The total purchase price offered for each $1,000 principal amount …

Continue reading »

May Will Bring an End to Any Remaining Drought Areas of Oklahoma

May is expected to bring an end to any remaining areas of Oklahoma still under a drought, according to the latest Oklahoma Mesonet Report. “The precipitation outlook is bullish on above-normal precipitation across all of Oklahoma, but especially the southwestern two-thirds,” said Gary McManus, State Climatologist in the Monday edition of his daily reports. “The …

Continue reading »

Chapter 11 Bankruptcy Filed by Tulsa’s Midstates Petroleum

      Tulsa-based Midstates Petroleum Co. is one of the latest companies to file Chapter 11 bankruptcy as the energy downturn adds another victim. Midstates, an Oklahoma company with 120 full-time workers filed Friday in Houston bankruptcy court listing liabilities ranging from $1 billion to $10 billion and more than 25,000 creditors. The paperwork said …

Continue reading »

Government’s Objection Brings Merger of Halliburton and Baker Hughes to a Halt

The $28 billion dollar merger between Halliburton and Baker Hughes, both headquartered in Houston was cancelled Sunday. The Securities and Exchange Commission was notified early Monday by the two companies after the Justice Department filed a civil complaint April 6 to stop the merger, claiming it would create a company so large that it would …

Continue reading »

Quakes Rattle Southern Kansas and Northern Oklahoma While Scientists say Reduced Disposal Well Plans are Working

  Even as early Sunday-morning earthquakes rattled southern Kansas and parts of northern Oklahoma, scientists with the U.S. Geological Survey indicated they believe there will be fewer earthquakes in the region due to steps taken to curtail wastewater injection well use in both states. The prediction comes form Justin Rubinstein, a seismologist and deputy chief …

Continue reading »

Bakken Blamed for Reversal in World’s Ethane Emissions

  A discovery by scientists now blames North Dakota’s Bakken Shale formation for contribution 2 percent of the  entire world’s ethane output. The formation, which also stretches into parts of Montana is being blamed, according to some reports for reversing a decades-long decline in global ethane emissions, according to a recent report in the Washington …

Continue reading »

Rig Counts Slide in Oklahoma and across the Nation

      Both the U.S. and Oklahoma rig counts suffered losses in the past week, according to the latest data released by Baker Hughes Company of Houston. Oklahoma suffered a loss of three more rigs, reaching a total count of 60 working oil and gas rigs. Nationally, the count dropped by eleven, reaching a …

Continue reading »