OGE Energy Corp. named W. Bryan Buckler chief financial officer effective January 1, 2021. He will replace Steve Merrill who is retiring after 13 years with the company, where he held several key leadership roles at Enogex, Enable and his current role of CFO at OGE, which he assumed in 2014. Buckler, 48, joins OGE from Duke Energy Corporation, …
December 3, 2020 archive
Oil hits 9-month high after OPEC+ agreement
Crude oil futures hit a 9-month high in Thursday’s trading after OPEC+ agreed to ease oil-output cuts next year. The decision came nearly a week after contentious wrangling among OPEC+ members. They finally agreed to add 500,000 barrels a day of crude production to the market in January. Afterward, the ministers will meet monthly …
Lost jobs will be saved by new contractor at Tinker AFB
After winning a nearly $882 million contract and replacing IAP Worldwide Services to do maintenance of the Navy’s E-6B Mercury aircraft at Tinker Air Force Base and others, Vertex Aerospace LLC said it plans to hire the IAP workers who will be laid off next month. Vertex Aerospace announced Thursday it had been awarded …
Amazon to build another OKC center and create 500 new jobs
Amazon.com just gave a huge early Christmas gift to Oklahoma City and the state with the announcement it plans to build a new fulfillment center and create more than 500 new full-time jobs. The company said it will launch the new one-million square feet center in 2021 where workers will pick, pack and ship bulky …
CIVEO regains status on NYSE
Mancamp builder Civeo Corporation announced it has regained compliance with the New York Stock Exchange. The company, with headquarters in Houston, Texas and Canada said it was notified on Wednesday by the Exchange. Civeo was notified in March that its shares had fallen below the continued listing standard and failed to keep a minimum …
Pioneer advances merger with Parsley Energy
Pioneer Natural Resources Company in Dallas is moving ahead in its merger with Parsley Energy, Inc. and plans a special meeting of stockholders. The meeting will be held to allow shareholders to decide the issuance of Pioneer common stock as part of the merger with Parsley. The decision will be made January 12 of …
Tellurian drops plans to build Permian natgas pipeline
The COVID-19 pandemic claims another energy victim—a proposed pipeline to carry natural gas from the Permian Basin to Louisiana. Tellurian Inc. informed federal energy regulators this week it would be withdrawing its application to build the Permian Global Access line, reported Reuters. Click here for Reuters story.
Rig count shows growth in Anadarko Basin
The latest rig count numbers from the data analytical firm Enverus shows rig activity was relatively flat over the past week. But the Austin, Texas firm reported rig activity spiked in the Anadarko Basin where five rigs were added last week bringing the total to 23. Enverus indicated the basin is up six …
Rep. Lucas returns as minority leader of Committee on Science, Space and Technology
Oklahoma Congressman Frank Lucas was re-elected this week by the House Republican Steering Committee to be the ranking minority leader on the House Committee on Science, Space and Technology for the 117th Congress. The committee has jurisdiction over such government programs as NASA, NOAA, the EPA and the Department of Energy. ““This is a …
Senators push for increased royalty rates on public lands
Iowa U.S. Sen. Chuck Grassley calls it an “outrageous giveaway” and wants to raise the royalties paid by oil and gas companies for production on federal lands. He’s joined forces with New Mexico Democratic Sen. Tom Udall in introducing what they call the Fair Returns for Public Lands Act, one that would increase royalties …
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