The planned merger of Kansas City Southern with Canadian Pacific Railway Ltd. is being challenged by Canadian National Railway Co. Canadian Nation has filed an official notice with the Surface Transportation Board seeking to condition any approval of the merger with Canadian Pacific on divesting a stretch of KC Southern rail from Kansas City to …
Former legislator files challenge to bond securitization used by utilities
Former Oklahoma City State Rep. Mike Reynolds has gone to the Oklahoma Supreme Court challenging the constitutionality of the securitization process used by utilities in spreading their February winter storm costs over decades. He filed a formal protest against the recent request by the Oklahoma Development Finance Authority for the Supreme Court’s approval of …
AARP to offer public explanation about its fight with utility rate cases
AARP Oklahoma will hold a Facebook Live Q&A on Jan. 19 at 10 a.m.to offer more details of the organization’s stand against some recent utility rate cases. AARP Oklahoma State Director Sean Voskuhl and attorney and utility expert Deborah Thompson will discuss AARP Oklahoma’s continued work to intervene in utility rate cases and fight …
Congressman praises DOE geothermal funding in Oklahoma
The Department of Energy’s recent awarding of funding to the University of Oklahoma for a geothermal project drew the praise of Oklahoma congressman Frank Lucas. He is the ranking Republican on the House Science, Space and Technology Committee and took note of the $1.7 million grant to OU to establish new geothermal energy and …
Big gains for crude oil and Oklahoma energy stocks on Friday
Crude oil prices finished the trading week on Friday with another big gain as U.S. crude settled close to the $84 mark. It also proved to be a healthy trading day for Oklahoma energy stocks. West Texas Intermediate crude oil for February delivery rose $1.70 or more than 2% to finish at $83.82 a …
Baker Hughes reports increased rig numbers in U.S.
The latest rig activity report from Baker Hughes showed an increase of 13 rigs in the past over the prior week, bringing the nation’s total to 601 oil and gas rigs. Oklahoma’s count was unchanged at 49, far more than the 17 rigs reported in the state one year ago. Nationally, the oil rig …
Financial report dates set by HollyFrontier and Energy Transfer
Upcoming quarterly finance report release dates were announced by HollyFrontier Corporation and Energy Transfer LP. HollyFrontier Corporation plans to announce results for its quarter ending December 31, 2021 on February 23, 2022, before the opening of trading on the NYSE. The company has scheduled a webcast conference on February 23, 2022 at 8:30 a.m. …
Other energy headlines on Monday
** Texas U.S. Senator Ted Cruz’s most serious campaign on Capitol Hill this year—passage of a bill enacting sanctions on entities working on Nord Stream 2—ended with a failed messaging vote. After leaving the vote open for nearly seven hours, the legislation was rejected Thursday, 55-44, with a handful of Democrats joining Republicans in support. …
Denver-based oil rights company withdraws IPO
Denver’s Desert Peak Minerals has withdrawn an Initial Public Offering and instead is merging with rival Falcon Minerals in a $1.9 billion deal. The merger will create a company with a strong presence in the Permian Basin and the Eagle Ford reported NS Energy. Click here for NS Energy
Promotions announced at Continental Resources
Continental Resources, Inc. announced the promotions of two of the company’s key leaders. Shelly Lambertz has been promoted to Executive Vice President, Chief Culture and Administrative Officer. John Hart has been promoted to Chief Financial Officer and Executive Vice President of Strategic Planning. “Shelly and John have made substantial contributions to the development of our people …
