Oklahoma U.S. Sen. Jim Inhofe and others on the Senate Environment and Public Works Committee will hold a hearing this week to mark up the new U.S.-Mexico-Canada Agreement. The hearing is part of the 90-day countdown for Congress to approve or reject the deal. The Environment and Public Works Committee is one of several Senate …
A trio of Democratic senators urged four major Marathon Petroleum shareholders to exert influence to shift the refining company’s climate change lobbying efforts. The letters from Sens. Sheldon Whitehouse (R.I.), Brian Schatz (Hawaii) and Martin Heinrich (N.M.) to JPMorgan Chase, BlackRock, State Street and Vanguard cited Marathon’s push to thwart increasing vehicle fuel economy standards and an increase to caps on electric vehicle credits as misaligned with …
As the number of coal-fired power plants declines in the U.S. at a record pace, coal production in Oklahoma is slipping too. While reports for 2018 and 2019 from the Oklahoma Department of Mines are not available, previous coal production information shows coal mining in the state has been on the decline for years. The …
A new report claims that U.S. coal-fired power plants closed at the second-fastest pace on record last year, despite the efforts of President Trump to prop up the industry. Reuters reviewed federal data and found that power companies retired or converted roughly 15,100 megawatts (MW) of coal-fired electricity generation, enough to power about 15 million homes, …
** Alliance Resource Partners, L.P. in Tulsa will report its fourth quarter 2019 financial results before the market opens on Monday, January 27, 2020. Alliance management will discuss these results during a conference call beginning at 10:00 a.m. Eastern that same day. ** A former coal plant decommissioned nearly three years ago in western Michigan is demolished. ** A report …
Tulsa’s Unit Corporation is extending its offer for senior notes, an offer first announced in early November 2019. The company stated on Monday that the extension for the 6.625% Senior Subordinated Notes due 2021, newly-issued 10.000% Senior Secured notes due 2024 and 7.000% Junior Secured notes due 2025 will now be Friday, January 31, 2020. …
Oklahoma City’s Chaparral Energy, Inc. announced Monday it has received notification from the New York Stock Exchange that the company has regained full compliance with all of the NYSE’s continued listing standards. It was Nov. 11, 2019 when the Stock Exchange notified the company that it was no longer in compliance with the listing requirements …
Gasoline prices have risen only a few cents in the wake of the U.S. killing of Iranian Major General Qassem Soleimani. The latest average price is $2.59 a gallon, up only one cent in the past week. Oklahoma gasoline prices remained at $2.26 per gallon, unchanged from a week ago. In Oklahoma, the highest average …
WPX Energy in Tulsa announced Friday that it has closed its previously announced public offering of $900,000,000 million aggregate principal amount of 4.500% senior unsecured notes due 2030 at par. The proceeds were deposited into an escrow account upon the closing of the offering. Upon release from escrow, WPX Energy intends to use the proceeds …
Already struggling with share prices well below $1 and a delisting warning from the New York Stock Exchange, Chesapeake Energy corporate leaders saw their shares drop 14 cents last week. Shares opened trading a week ago at $0.87 a share and managed a 3-cent increase by Tuesday but dropped to 83 cents on Wednesday and …
