** Wisconsin’s largest utility reports industrial power usage is down 18% since a statewide stay-home order was issued in March while total retail sales are expected to drop 5% over the next nine months. ** Murray Energy creditors seek permission to sue founder Robert Murray and family members to recover $71 million in alleged excessive compensation in the years leading up …
May 5, 2020 archive
House Dems fight immunity for oil and gas
Led by Maryland Democrat Rep. Jamie Raskin, some 60 Democrats in the U.S. House pressured U.S. House leadership this week not to allow the oil and gas industry to use COVID-19 to get immunity for climate change and pollution. Oklahoma’s only Democrat in the House, Rep. Kendra Horn of the 5th District was not among …
North Dakota oil shutins affect big and small operators
As Oklahoma regulators consider a possible move to allow crude operators to shut in wells without losing their leases, North Dakota is doing the same. And it’s affecting not only major producers like Oklahoma City’s Continental Resources but small operators too. Reuters recently focused on the issue in North Dakota. Click here for the story.
ONEOK files proxy material for annual meeting
The Annual Meeting of Shareholders of OGE Energy Corp. will be held virtually via the internet at 10 a.m. CDT, Thursday, May 21, 2020. Details on how to access the meeting are included in the proxy materials made available to each shareholder. Members are encouraged to vote their shares prior to the annual meeting by the applicable …
Record jobless claims made in Oklahoma
The Oklahoma Employment Security Commission (OESC) continues to process unemployment claims and Pandemic Unemployment Assistance (PUA) at an unprecedented volume while regularly screening systems for fraudulent claims. “We paid more claims in the first three weeks of the pandemic than OESC did during all 12 months of 2019, and the agency has paid out over $432 million in …
ONEOK to offer $1.5 billion in latest note plan
ONEOK’s latest note offering totals $1.5 billion in notes being offered to investors according to a filing made with the Securities and Exchange Commission. It includes $600,000,000 in 5.850% notes due 2026; $600,000,000 in 6.350% notes due 2031 and $300,000,000 in 7.150% notes due 2051. The filing followed one earlier in the week …
First quarter loss of $517 million reported by Williams
Few energy companies are reporting a profit in their most recent quarterly financial reports. Most are reporting losses and Tulsa-based Williams Cos. is one of them, stating this week it suffered a first-quarter 2020 loss of $517 million. It figures to a 43 cent a share loss for investors but earnings, adjusted for non-recurring …
Wells are still being drilled in the state
Houston’s Marathon Oil has struck a big one in Oklahoma’s SCOOP, one with production of nearly 2,100 barrels of oil a day. It was a single well, not a series of wells on a single pad. The Bowser 0304-18-5sxh is located at 17 3N 4W or about 6 miles south of the city of …
- 1
- 2
