After 12 years in prison over the infamous Enron fraud scandal, the company’s former CEO Jeffrey K. Skilling is a free man. He was released Thursday after locating last August at a halfway house at an undisclosed site from a minimum security federal prison camp in Alabama. Skilling was sentenced to 24 years in prison …
Evergy, Inc., the new firm created as a result of the merger of Westar Energy and Great Plains Energy reported full 2018 earnings of $536 million or $2.50 per share an increase over a year earlier. The Kansas City-based company said it compared with earnings of $324 million or $2.27 a share for all of …
An administrative law judge at the Oklahoma Corporation Commission has refused to delay Oklahoma Gas and Electric’s request for a nearly $78 million rate hike. The Sierra Club wanted the judge to require OGE to prove its 2016 decision to install scrubbers at the firm’s Sooner Plant coal-fired units were the right decision. The Club …
The issue of trains blocking street intersections in Oklahoma isn’t new to the state. Check the history books. While the Oklahoma House approved a bill this week creating a $10,000 fine for railways that block intersections for more than 10 minutes, it was actually an issue in the state going back to 1911. The State …
A bill requiring more transparency of state agencies, including those directly dealing with energy in Oklahoma has won approval in a State Senate committee. The Senate General Government Committee okayed Senate Bill 177 by Sen. Ron Sharp (R-Shawnee) which will require state agencies to provide on their website certain financial information as prescribed …
Completion reports filed for Feb. 21, 2019. CUSTER COUNTY Duncan Oil Properties Inc Cleveland(0): Oil 383 Gas 2274 Water 1980 Flow 4 15N 19W Double L 3-33hlc, May 15, 2018 HH, OIL, TD: 14954 ft Lat: 35.81167, Long: -99.23030 API: 35039225320000 Duncan Oil Properties Inc Cleveland(9509): Oil 247 Gas 2316 Water 2316 Flow 5 15N 19W Meyer 5-32hlc, May 11, 2018 HH, OIL, TD: 14840 ft …
Permits to drill issued for Feb. 21, 2019. Alfalfa County HUCKABEE 13-25-11 #2H, February 21 2019 12 25N 11W SWSESESE API: 00323364 Lat: 36.65259138012956, Long: -98.32661709887233 BCE-MACH LLC HH, DR, 11118 ft, MISSISSIPPIAN(5775) Alfalfa County WAMPLER 23-26-11 #3H, February 21 2019 14 26N 11W SESWSESE API: 00323363 Lat: 36.725081735948514, Long: -98.34462904275463 BCE-MACH LLC HH, DR, 10758 ft, …
Devon Energy’s announced intentions this week to sell some of its assets in Canada prompted at least one major Canadian news source to suggest it could be a difficult sale for the company. The Financial Post reported “analysts think Canadian producers will be cautious about spending billions to buy the properties.” Read Geoffrey Morgan’s story. …
While some Oklahoma legislators and the Sierra Club are pushing for more solar energy growth in the state, an Austin, Texas firm is making a $300 million commitment to an energy project in West Texas. 7X Energy Inc. announced it has entered into a power purchase agreement for 250 MWac from phase one of its …
Energy Transfer LP, the Dallas company with pipeline operations all over Texas, Oklahoma and the Midwest reported $617 million in fourth quarter net income, an increase of $366 compared to the fourth quarter of 2017. It also had record adjusted EBITDA of $2.67 billion, an increase of 29 percent from a year earlier or …
