Energy activity in Oklahoma, New Mexico, Kansas and Nebraska and other states that make up the Tenth District of the Federal Reserve Bank of Kansas City has stabilized somewhat but job cuts continued. Chad Wilkerson, Oklahoma City Branch executive and economist at the KC Federal Reserve Bank released the third quarter Energy Survey findings. …
Those long-road triple semis like the kind used in Australia might be coming to North Dakota where a legislative committee voted overwhelmingly to support approval on state highways. The fully-stocked triple trailer “road trains” as they’re called will reach nearly two-thirds of the length of a football field and weigh nearly 360,000 pounds. Imagine …
Oklahoma City’s Chesapeake Energy continues working to emerge from its Chapter 11 bankruptcy by early 2021 and as such, has entered into a confidentiality agreement with some of the holders of its debt. A filing of a Form 8-K with the Securities Exchange Commission indicated that as part of the agreement, Chesapeake agreed to publicly …
Billionaire investor Carl Icahn says the energy sector will bounce back one day but shareholders need to be very patient and he is not urging people to buy. Icahn, with stakes in SandRidge Energy, CVR Energy, Cheniere Energy and Occidental Petroleum, said the key to making money is to buy when companies are out of …
An oil well site in the Permian Basin owned by a bankrupt shale producer has spewed polluting gases into the atmosphere for 10 months, despite being investigated by Texas regulators, according to an environmental group. Infrared video footage collected during multiple visits from November 2019 through September show “continuous intense and significant” emissions from …
Oklahoma Gas & Electric presented a stipulated agreement to recoup up to $7 million in expenses for grid automation and technological upgrades during a recent meeting at the Oklahoma Corporation Commission. If approved by the Commission, the upgrades would increase the average residential customer bill by 52 cents, according to an article published by Janice …
As U.S. crude oil settled Thursday above the $41-a-barrel mark, energy stocks were mixed with several still seeing increases in their market shares. Alliance Resources ended up 7 cents for a 2.54% gain to $2.83. Blueknight Energy Partners rose 7 cents for a 5% gain to $1.53. Chesapeake Energy finished at $4.02, up 12 …
Oil prices ended higher Thursday as Hurricane Delta forced the shut-in of more than 90% of the Gulf of Mexico’s crude output and the Saudis reportedly consider postponing OPEC plans to raise output. West Texas Intermediate crude for November delivery rose $1.24, or 3.1%, to settle at $41.19 a barrel on the New York Mercantile …
The Michelin tire manufacturing plant in Ardmore has reported problems in hiring more workers. The report comes from Bill Hancock who is the Business Services and Rapid Response Coordinator at the Oklahoma Office of Workforce Development. “Michelin in Ardmore is struggling to hire 90 employees. Because of contract requirements, they need for the employees …
Oklahoma City’s Ascent Resources Utica Holdings, LLC and ARU Finance Corporation announced the expiration and final results of their previously announced series of Senior note exchanges, a move that raised more than $856 million for the company’s natural gas exploration in Ohio. The exchange offer expired at 11:59 p.m. New York City time on …
