A new filing with the government shows a California-based investment company now holdings mor than 5% of the common shares issued by Oklahoma City’s Chesapeake Energy Corporation. Aequim Alternative Investments LP made the filing with the Securities and Exchange Commission, reflecting ownership of 7,312,152 shares. It amounts to 5.1% ownership of the total shares …
January 2023 archive
Rep. Lucas says new select committee is important to combating Chinese threats
Republicans now in control of the U.S. House approved this week the creation of a special committee to examine China’s competitive threats against the U.S., a move that drew applause from Oklahoma Congressman Frank Lucas. The House adopted H.Res. 11– Establishing the Select Committee on the Strategic Competition Between the United States and the …
Higher gas prices could hit us if ethanol plan is approved
If a plan by seven Midwestern state governors is approved to increase the use of corn-based ethanol, we could be staring at higher gasoline costs. The federal government is reviewing the plan that if approved would of course be good news for corn farmers, but not necessarily for consumers reported Bloomberg. Here’s why. It …
Soaring utility bills in Oklahoma result in calls for financial help
While home-heating financial assistance from federal programs is based on income levels, the funding assistance rose dramatically in Oklahoma from 2021 to 2022 according to figures provided by the state. The funding increased by millions of dollars, an indication that rising utility rates might have had a real impact on financial situations for families …
New federal office created for abandoned well plugging as Oklahoma moves forward
As Oklahoma moves ahead with federal funding of an abandoned well-plugging effort, there’s now a new federal office to handle such cleanup projects across the U.S. U.S. Secretary of the Interior, Deb Haaland announced this week she created an office to make sure there is efficient use of the Biden administration’s $4.7 billion investment …
Headlines of other energy stories
** Federal Reserve Chairman Jerome Powell said Tuesday it would be “inappropriate” for the central bank to plunge itself into the fight against climate change. ** Average wholesale electricity prices at major trading hubs in the United States rose throughout much of 2022 and were, at times, volatile as a result of extreme weather events reported …
No comment from trade unions over new Keystone XL pipeline report
When the Keystone XL pipeline project was canceled by President Biden, labor unions had plenty to say, and they weren’t kind to the White House. But this week, they had little to say when a new government report, yes by the Biden administration, admitted the cancellation hurt the country’s economy. As Fox News pointed …
Permits to drill for January 10, 2023
permits: none were processed today
Completion reports for January 10, 2023
completions: none were processed today
Crude prices up after EIA prediction on world oil consumption
Oil prices made slight gains Tuesday but Oklahoma energy stocks suffered losses after the U.S. Energy Information Administration predicted record global petroleum consumption next year. Global consumption of liquid fuels is forecast to reach 102.2 million barrels per day in 2024, driven primarily by growth in countries like India and China, reflecting trends in …