As U.S. crude oil settled Thursday above the $41-a-barrel mark, energy stocks were mixed with several still seeing increases in their market shares. Alliance Resources ended up 7 cents for a 2.54% gain to $2.83. Blueknight Energy Partners rose 7 cents for a 5% gain to $1.53. Chesapeake Energy finished at $4.02, up 12 …
Oil prices ended higher Thursday as Hurricane Delta forced the shut-in of more than 90% of the Gulf of Mexico’s crude output and the Saudis reportedly consider postponing OPEC plans to raise output. West Texas Intermediate crude for November delivery rose $1.24, or 3.1%, to settle at $41.19 a barrel on the New York Mercantile …
The Michelin tire manufacturing plant in Ardmore has reported problems in hiring more workers. The report comes from Bill Hancock who is the Business Services and Rapid Response Coordinator at the Oklahoma Office of Workforce Development. “Michelin in Ardmore is struggling to hire 90 employees. Because of contract requirements, they need for the employees …
Oklahoma City’s Ascent Resources Utica Holdings, LLC and ARU Finance Corporation announced the expiration and final results of their previously announced series of Senior note exchanges, a move that raised more than $856 million for the company’s natural gas exploration in Ohio. The exchange offer expired at 11:59 p.m. New York City time on …
The Washington Post used a new congressional report critical of the Trump administration’s coronavirus pandemic relief for oil and gas producers to continue its targeted criticism of the President and the oil and gas industry. The report from the U.S. Government Accountability Office, according to the Post, said the government flouted its own goals …
Oklahoma is one of three states where a $1 million Department of Energy grant to the National Rural Electric Cooperative Association will research providing solar energy to low and moderate-income consumers. The Solar Power World reported that NRECA’s three-year program, Achieving Cooperative Community Equitable Solar Sources (ACCESS), will research financing mechanisms, program designs and …
Rumors have been circulating that Tesla Inc. could be planning more for its Austin gigafactory than it initially led on, the site chosen over Tulsa, Oklahoma’s efforts to land the $1.1 billion facility. According to documents filed with the Texas Commission on Environmental Quality, Tesla plans to operate a “cell-manufacturing unit” to produce the battery …
** In the Wednesday night vice presidential debate, Kamala Harris emphatically stated that Joe Biden does not support a ban on fracking, a position many see as an appeal for votes in Pennsylvania, which President Trump narrowly won in 2016. ** A federal court vacates a FERC order holding that California utility PG&E could not back out of …
Senators James Lankford (R-OK), Jeanne Shaheen (D-NH), and Angus King (I-ME) reintroduced their bipartisan legislation to save taxpayer dollars by reducing the federal funding available for the acquisition and leasing of new federal vehicles. The Domestic Reduction In Vehicle Expenditure and Lowering Emissions from State Sources Act, or the DRIVE LESS Act, aims to significantly …
Dallas-based Pioneer Natural Resources Company has realigned some of its management committee, making them effective the first of the new year. Richard Dealy, the current Executive Vice President and Chief Financial Officer has been named President and Chief Operating Officer. He has been CFO since 2004. Neal Shah, the company’s Vice President of Investor …
