Ammonia producer LSB Industries, Inc. announced Monday a $150 million sock repurchasing program approved by its Board of Directors. The Oklahoma City company manufactures ammonia and ammonia-related products at facilities in Cherokee, Alabama, El Dorado, Arkansas and Pryor, Oklahoma and operates a facility for a global chemical company in Baytown, Texas. “We believe our …
May 2023 archive
Texas ranchers sue ERCOT over Chinese billionaire’s ties to wind farm
Two West Texas ranches are suing ERCOT over a wind farm project that had connections to a billionaire in communist China. Texas attorney Dallas J. Barrington filed a lawsuit on behalf of Ward-Walker Seven Oaks Ranch and Cole Ranch against the Electric Reliability Council of Texas (ERCOT), GH America Investments Group (GHA), GH America Energy, and Greenalia Wind Power …
Shell company chemicals plant fire reignited near Houston
The fire that injured 9 workers at Shell Plc’s chemical plant in Deer Park, Texas reignited over the weekend after firefighters managed to put it out on Saturday. Reuters reported water was being sprayed onto the fire to keep it under control until the chemicals, which were being processed at the time of the …
Evergy recorded ‘strong’ first quarter but still wants to raise rates in Kansas
Even as Evergy, the largest utility in Kansas, reported another strong quarter of financial results, it is seeking a rate increase to be borne by its customers. Executives revealed in their conference call that they were surprised how earnings for investors grew more than predicted. Still, the utility wants to increase electrical bills about …
Natural gas storage to grow as prices remain low
One of the biggest gas producers in the Texas Panhandle says more U.S. companies will add to the growing amount of natural gas in storage because of the shutdown of t he Freeport Liquefied Natural Gas Export Terminal in Texas over the past several months. It’s the prediction of Odessa oilman Kirk Edwards who …
Energy briefs
** Voters in El Paso, Texas soundly rejected efforts of Sunrise El Paso to make history by deciding whether climate change should be written into the city’s charter. ** Electrifying the car market may be getting more difficult, with the share of Americans who say they’re “very unlikely” to consider an EV for their next …
AERO not giving up in electrical restructuring efforts in Oklahoma
The head of a consumer-oriented group that advocates a restructuring of the way Oklahomans buy electricity vowed over the weekend not to give up in the effort, despite recent failure in the legislature. Writing in The Oklahoman’s Viewpoints section, Mike Boyd with the Alliance for electrical Restructuring (AERO) declared, “AERO will continue to push …
Billionaire oilman Harold Hamm switches presidential allegiance…gives money to Nikki Haley
It appears Oklahoma billionaire oilman Harold Hamm is no longer a big Donald Trump supporter. The man who founded Continental Resources and nearly became Energy Secretary under the Trump administration is donating his money to Republican Nikki Haley’s presidential campaign according to The Oklahoman. The paper reported in its Sunday edition that Hamm has …
SandRidge Energy shows cautious drilling program in 2023
With a downsized drilling program, SandRidge Energy, Inc. reported first quarter net income of $23.8 million or 64 cents per basic share. The Oklahoma City company said its adjusted net income was $25.7 million or 70 cents a share and adjusted EBITDA was $31.2 million in the first quarter. As indicated in the quarterly …
Hamm honored at Texas Energy Workforce meeting
Continental Resources Executive Chairman Harold Hamm was recently honored at the annual meeting of the Energy Workforce and Technology Council held in Austin, Texas. Hamm was honored with the organization’s Platinum Award for his leadership in the energy industry. “As a voice for American’s oil and natural gas industry and as the leader of …
