Mammoth Energy Services plans to hold its annual meeting of stockholders June 7 in Oklahoma City. The 9 a.m. Central Time meeting will be held in Suite 300 at 14201 Caliber Drive. The agenda calls for the election of board of directors members including Arthur Amron,, Corey Booker, Paul Jacobi, James Palm, Arthur Smith …
April 2023 archive
Chesapeake Energy to result 1Q results May 2
Chesapeake Energy Corporation will release its first quarter financial results in early May. They will be made known after the close of markets on Tuesday, May 2 and a conference call will be held the next day, Wednesday May 3 and 8 a.m. Central Time where executive leadership will discuss the results. Chesapeake is …
Crude oil prices and OK energy stocks suffered losses in Tuesday’s trading
Crude oil prices suffered a 2 fall on Monday and Oklahoma energy stocks fell as well. You can blame those nagging concern about the possibilities of an economic slowdown and a stronger dollar. West Texas Intermediate crude dropped 2.2% on a $1.69 a barrel fall to $77.07 on the New York Mercantile Exchange. Global benchmark …
OGE crews finish power restoration in Shawnee following April 19 tornado
As of Tuesday morning, electricity was fully restored to all OG&E customers who lost service in Shawnee following the April 19 tornado, provided their homes are able to take power. OG&E crews worked quickly and safely around the clock to make repairs to the electric grid in the area, including 800 poles, 48 …
Another battery plant going up in the US
Even as Oklahoma hopes to finalize a deal with Panasonic to build a new EV battery plant in the state, General Motors and South Korea’s Samsung SDI announced they plan to invest more than $3 billion in a similar plant somewhere in the U.S. The companies have yet to choose the site, or at …
Kansas joins anti-ESG movement
Kansas has a new anti-ESG law, joining Oklahoma in the movement to stop financial groups that use environmental, social and governance issues, from discriminating against oil and gas firms. Kansas Gov. Laura Kelly, a Democrat, decided this week to allow the bill to become law effective July 1, without her signature. As a result, …
Trucking firms struggle with “freight recession”
When Arkansas-based J.B. Hunt trucking company recently announced a drop in first-quarter earnings blaming a “freight recession,” it spurred the Wall Street Journal to examine the issue. What it found was that falling diesel prices are among signals that indeed, a “freight recession” is underway across the nation. Even the American Trucking Association said …
Northeast Oklahoma hydrogen project announced by NextEra Energy and CF Industries Holdings
In light of Oklahoma’s effort along with Louisiana and Arkansas in seeking federal funding for development of a regional clean hydrogen hub, NextEra Energy Resources joined with CF Industries Holdings, Inc. in a plan to develop a hydrogen project in northeast Oklahoma. NextEra is known for its wind farm operations throughout Oklahoma and the …
Quarterly dividend announced by Williams
Just days ahead of the planned release of its second quarter financial results, Williams announced a regular dividend of $0.4475 per share or $1.79 annualized. The Tulsa company’s board of directors announced the dividend would be on the firm’s common stock payable on June 26, 2023 to holders of record at the close of …
Headlines of other energy stories
** Energy Secretary Jennifer Granholm on Friday praised a gas pipeline project and called for an independent government agency to proceed “expeditiously” on it. Granholm’s letter in support of the Mountain Valley Pipeline — a project that has also been pushed by Sen. Joe Manchin (D-W.Va.) — comes amid tensions between the senator and administration on energy issues. …