Suspicions are falling on Russian hackers over recent attempts to break into the system that runs the Wolf Creek Nuclear power plant near Burlington, Kansas. U.S. authorities suggest not only that they might have been from Russia, but they were considered to be a sophisticated group of hackers targeting several U.S. nuclear power plants. Reports …
July 2017 archive
Interim Study to Focus on Wind Farms and Military Air Bases in Oklahoma
One of the more than 60 interim study requests approved by the Oklahoma House Speaker will focus on the location of wind farms near military airfields in the state. The request was made by Rep. Charles Ortega, R-Altus who has concerns that some wind farms in the state are located in military training routes. “We …
Westar Energy and Great Plains Energy Try Another Merger
Westar Energy and Great Plains Energy in Kansas are trying it again. They’ve announced an amended agreement to form a $14 billion utility with headquarters in Topeka and Kansas City, Missouri. In the early-Monday morning announcement, the boards of directors of the two unanimously approved a revised transaction. There’ll be no exchange of cash and …
Baker Hughes Rig Count: U.S. Gains 12 New Rigs, Oklahoma Adds 4
Both the U.S. and Oklahoma saw big jumps in rig counts in the past week according to figures released by Baker Hughes. Oklahoma’s count jumped by four to reach 136. A year ago, the state had only 59 working oil and gas rigs. Nationally, the count grew by 12, reaching 952 active rigs. The nation’s …
Crude Oil Futures Dive on Friday as Rig Count and Production Rise
Crude prices plunged on Friday resulting in a loss of nearly 4% for the week, as a rise in domestic oil production and an uptick in the active rig count troubled investors, according to Bloomberg MarketWatch. On the New York Mercantile Exchange, August West Texas Intermediate crude fell $1.29, or 2.8%, to settle at $44.23 a …
Quinn Files Appeal Over District Court Decision Ruling Note Forged in McClendon Estate
Last November, OK Energy Today reported on the $500,000 claim filed by retired Tulsa businessman Thomas Quinn against the estate of Oklahoma City oil mogul Aubrey McClendon. Oklahoma County District Court Judge Patricia Parrish granted a motion for summary judgment last month against Quinn in the matter. Quinn is striking back by filing a petition …
ConocoPhillips to Release 2Q Earnings July 27
With a major operation in Bartlesville, ConocoPhillips plans to release its second-quarter 2017 results on July 27. The Houston-based company said the results will be released before the market opens on that day and a conference call webcast will begin at 11 a.m. CT. The webcast will be available at ConocoPhillips’ Investor Relations site, www.conocophillips.com/investor. …
Warren Buffett Expands Energy Holdings in Texas
Berkshire Hathaway Energy, a subsidiary of Warren Buffett’s Berkshire Hathaway Inc. announced a merger agreement with Energy Future Holdings Corp. in a nearly $11 billion deal. It means Berhshire Hathaway Energy will acquired reorganized EFH which will also result in the acquisition of Oncor, the energy delivery company serving 10 million customers in Texas. It …
Dallas Energy Supplier Makes $350 million Purchase of Power Plant
Dallas,Texas based Vistra Energy has announced the $350 million purchase of a 1,054 MW combined cycle, combustion turbine power plant in Odessa, Texas. Vistra, parent company for TXU Energy and Luminant made the purchase from a subsidiary of Koch Ag and Energy Solutions LLC. Curt Morgan, Vistra Energy’s CEO said the asset purchase was made …
Pipeline Company Fights Claims Over 2015 Spill
Houston’s Plains all American Pipeline company continues battling lawsuits in California following a 2015 pipeline spill near Santa Barbara. This week, the company with offices in Oklahoma City and pipeline operations throughout Oklahoma told a California judge an oil field service firm and five oil workers were not entitled to economic loss damages as a …