Action taken by the Legislature last month to protect Oklahoma Department of Transportation (ODOT) funding for the next fiscal year, which begins in July, has allowed ODOT to proceed with plans to repair or replace structurally deficient roads and bridges throughout the state. Rep. Todd Russ, R-Cordell, chair of the House Appropriations & Budget Committee …
June 2020 archive
Energy company stocks rose Monday while oil prices slipped
Chesapeake Energy wasn’t the only energy company to see a big jump in the value of its stock in Monday’s trading. While shares in the Oklahoma City oil and gas company shot up 182% or $45.12 a share to settle at $69.92, stocks in SandRidge Energy, another financially ailing Oklahoma City energy firm jumped 19%. …
Chesapeake Energy stock soars nearly 182% in Monday’s trading
Even as some analysts still believe Oklahoma City-based Chesapeake Energy is on a list of bankruptcy probables this year, stock in the company sky rocketed by nearly 182% in Monday’s trading. The company’s stock has jumped nearly 400% in two days of trading. It was described as a very volatile session as Chesapeake Energy Corporation …
Space Authority to meet in OKC
The Oklahoma Space Industry Development Authority meets Wednesday afternoon in Oklahoma City. The meeting will begin at 1:30 p.m. in the Commission Room of the Oklahoma Department of Transportation headquarters. Below is the agenda as released by the Authority. ITEMS TO BE PRESENTED BY OSIDA CHAIRMAN – DON WETEKAM CALL TO ORDER INTRODUCTION OF …
Fight between two utilities goes before OK regulators
Oklahoma Corporation Commissioners plan to hold a hearing on Wednesday into the fight between Oklahoma Gas and Electric and People’s Electric Cooperative over OGE’s attempt to provide electrical power to a facility located in People’s service territory which covers southeast Oklahoma. In a May 26 filing, OGE appealed a commission order stopping the utility from …
Gasoline prices continue upward movement
As the coronavirus pandemic slowly eases and more people are leaving their homes for work and even vacations, gasoline prices are going up. Oklahomans are paying an average of $1.73-a-gallon at the pump, after a low of $1.40 in April. A week ago, the statewide average was $1.65 and a month ago, it was $1.44. …
Energy news in brief
** Hundreds of Venezuelans queued up in miles-long lines to try to fill their cars with subsidized gasoline over the weekend, a week after President Nicolas Maduro launched a new dual-price system aimed at easing an acute fuel shortage. ** Not everyone loves solar. Tennessee residents near the site of a proposed 9 megawatt solar farm, which …
Civil rights leaders press oil industry on diversity but overlook existing numbers
Civil rights leaders are calling on the oil and gas industry — dominated by white men — to hire more women and people of color. The news group Axios used the above picture as a representation of the subject matter. But what Axios and perhaps some civil rights leaders ignored in the story is how …
Colorado is home to 38 underground coal mine fires
The Denver Post reported this week on how the state of Colorado is monitoring and working to extinguish 38 underground coal mine fires. South Canyon near Glenwood Springs is a place you’d go to check out new mountain biking trails, or go on a hike. It’s also a good place to spot underground fires in …
Significant gas well drilled near Alex by Gulfport Midcon
Amidst major financial and executive changes at Tulsa, s Gulfport Midcon LLC , the company has filed a completion report on a 2019 well drilled near the Grady County town of Alex, one producing nearly 14,000 Mcf of natural gas. The completion report on the Jeannie 6-27x34h was filed this past week even though …