As the world crude oil market began to crumble on Friday, executives of Oklahoma City’s struggling Chesapeake Energy unloaded more than 409,000 shares for only 22 cents each. By Monday, shares had dropped to 16 cents each in trading on the New York Stock Exchange. Filings with the Securities and Exchange Commission revealed the …
Words like “struggle” and “shocker” come from energy expert Dr. Steven Agee as he speaks about the free fall of oil prices this week. And what happened has the attention of Oklahoma government leaders as well as they all wonder what kind of impact will be felt by the state government. The bottom dropped out …
Tulsa’s Cypress Energy Partners, L.P. not only reported increased revenues for the fourth quarter of 2019 and for the entire year, but also announced a name change. As of March 16, 2020, the firm will be known as Cypress Environmental Partners, L.P., reflecting the fact that Cypress has “always been an environmental services company helping …
Oklahoma is one of five states where legislators have proposed a prohibition of cities from banning natural gas as an energy source in new buildings. While some cities in California and the Northeast have banned natural gas, contending it contributes to global warming, Oklahoma Rep. Terry O’Donnell, a Republican from Catoosa wants to make sure …
Energy industry travelers who stay in Oklahoma hotels and motels might soon find tornado precaution information posted in their rooms. The Oklahoma House of Representatives has voted in support of a bill to require new hotels and motels to post tornado safety information in every room and common area. It was last year when customers …
** Former Ohio Gov. John Kasich joins a climate change effort launched by former Secretary of State John Kerry. ** Five University of Wisconsin campuses will stop using coal as a heating source this year and switch to natural gas and heating oil. ** A nearly 50-year-old, 600 MW nuclear plant in eastern Iowa is set to retire later this year. ** Oregon Gov. Kate …
Investors in ConocoPhillips will learn how well the company did in its first-quarter 2020 earnings next month. The company announced it plans a conference call webcast on Thursday, April 30, 2020 at 11 a.m. Central time. Leaders will discuss financial and operating results after they are released prior to the open of market on that …
It’s a day of sticker shock for most oil and gas operators and investors as oil prices lost as much as a third of their value today. It’s been described as the biggest daily rout since the 1991 Gulf War after Saudi Arabia signaled it would hike output to win market share as the coronavirus …
The top Democrat on the U.S. Senate Energy committee says Sen. Bernie Sanders will lose the White House because of his call for a nationwide ban on fracking in the oil and gas industry. Sen. Joe Manchin made the prediction in an interview with POLITICO’s Morning Energy Report. “It’ll definitely cost Bernie the White …
More than 100 bases have been finished in preparation for construction of a massive wind farm in eastern New Mexico. Xcel Energy says most of the components for the Sagamore Wind Project have started t o arrive by rail and construction of the turbines could begin in late April. Arrival of the parts came at …
