What’s next for OKC’s Chesapeake Energy?

After reporting a fourth quarter loss that was slightly better than expected by analysts, Oklahoma City’s Chesapeake Energy Corp. saw its shares plunge 13.3% toward a record low in morning trading on Tuesday. The major tumble came after Chief Executive Doug Lawler revealed plans were being laid for a reverse stock split in what to …

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Schlumberger leader says crazy shale production days are gone

The head of Schlumberger is predicting we have seen the last of the crazy rate of production in U.S.shale. And that includes Oklahoma. It’s the claim of CEO Olivier Le Peuch, the man who runs the worldwide company with exploration and production offices throughout Oklahoma where some of that “crazy” oil production has occurred over …

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Gigabit service comes to Noble

  OEC Fiber dubbed the City of Noble an official “Gig City” as elected officials celebrated, including Congressman Tom Cole, Oklahoma Secretary of Digital Transformation and Administration, David Ostrowe, Senator Mary Boren and Representative Jacob Rosecrants. “I know a lot of people talk and advertise they’re a gig city, but Noble truly is a gig …

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Solar bill could be fading away in the legislature

It would appear a bill aimed at prohibiting utility companies from increasing rates on solar customers might not make a Thursday committee deadline in the Oklahoma legislature. HB 3865 by Rep. Denise Brewer, a Democrat representing District 71 in Tulsa has yet to get a vote in the House Energy and Natural Resource Committee. Thursday …

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State regulators to meet Wednesday

Oklahoma Corporation Commissioners will hold a regular meeting Wednesday at the State Capitol. The 9:30 a.m. meeting in the Jim Thorpe building will include a signing agenda. Click here to view the agenda.

Traffic restricted on McClellan-Kerr waterway

Until the Army Corps of Engineers moves in dredging machines, commercial navigation along the McClellan-Kerr Arkansas River Navigation System in eastern Oklahoma will be restricted. The Tulsa World reported that Tulsa Port of Catoosa Director David Yarbrough indicated the navigation will remain limited by tow size and also face Commercial navigation along the McClellan-Kerr Arkansas …

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Power Pool asks feds for tariff rates in new energy market

The Southwest Power Pool, of which Oklahoma is a part filed a request last week with regulators requesting a tariff for rates, terms and services for the Pool’s Western Energy Imbalance Services market. The SPP hopes to launch the market in a year and has signed up seven utilities to be a part of it. …

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Sulfuric acid spill shuts down Arkansas highway

A sulfuric acid spill shut down a highway for several hours near Little Rock, Arkansas early Tuesday. The Arkansas Department of Emergency Management said 2,600 gallons of the acid spilled when an 18-wheeler was hit by another vehicle and the tanker broke apart on Highway 67 near the town of Austin located northeast of Little …

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Inhofe? Run again or retire? Decision coming soon

Oklahomans should learn next Friday whether U.S. Sen. Jim Inhofe, at the age of 85 will seek re-election or retire from the Senate. He told reporters this week in Washington, D.C. he plans to announce next Friday but didn’t indicate if he has already decided or is weighing what to do. Inhofe was first elected …

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$8 billion pipeline now in hands of Supreme Court justices

The fate of the Atlantic Coast Pipeline is now in the hands of the U.S. Supreme Court which heard arguments Monday on whether it should be blocked from crossing the Appalachian Trail. The 600-mile natural gas project would begin in West Virginia and stretch through Virginia and North Carolina. But in December 2019, the 4th …

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