Crude oil prices changed little in Tuesday’s trading while Oklahoma energy stocks suffered losses for the day, including a 5% decline for Chesapeake Energy, one week after it announced a multi-billion dollar merger with Southwestern Energy of Texas. The crude prices faced pressure from the dollar as it rose to its highest in a month, …
After picking Kansas over Oklahoma for its $4 billion electric vehicle battery plant, Panasonic leaders say the new plant near De Soto in eastern Kansas will begin production in early 2025. Ground was broken in July of 2022 for the new plant as the state of Kansas pledged $1 billion n state economic incentives. …
A report from the U.S. Energy Information Administration anticipates only the Permian Basin will likely see increased crude oil and gas production in February while the Anadarko Basin and others will see slight declines or about the same production. The Permian’s production is anticipated to increase from 5,969 thousand barrels of oil a day …
Energy giant Enbridge Inc., known for its crude oil pipelines and operations in Canada and throughout the U.S., has plans to build a solar farm so large in Wyoming that it could provide electricity to 771,000 homes. The Albert-headquartered company hopes to begin construction in 2025 and it would take two years to complete …
An industrial park in Muskogee has been chosen by Stardust Power Inc. to build a new battery-grade lithium refinery. The company anticipates receiving up to $257 million in state and federal economic incentives for the facility build-out in the Southside Industrial Park. Stardust Power is a development stage American manufacturer of battery-grade lithium products. …
Tulsa’s Alliance Resource Partners, L.P., the largest coal producer in the eastern United States, plans to release its fourth quarter 2023 financial results before the market opens on Monday, January 29. Executives of the company plan to hold a conference call at 9 a.m. central time later the same day. Alliance saw an increase …
Two legislative attempts to exempt municipalities from Oklahoma’s Energy Discrimination Elimination Act were recently filed prior to the start next month of the 2024 legislature. The effort is in the form of one bill filed by Republican Sen. Chuck Hall of Perry. He wants the Act amended by Senate Bill 1510. The act targets …
So much for electric vehicles in brutally cold weather in Chicago. Temperatures left EVs dead, and as Fox Chicago reported, “Charging stations have essentially turned into car graveyards in recent days as temperatures have dropped to the negative double digits.” Tesla owners had no luck in charging their vehicles after leaving their vehicles out …
SandRidge Energy, Inc. announced an increased one-time dividend of $1.50 per share for a total payout of approximately $55 million. The Oklahoma City-based company also said it planned an on-going quarterly dividend increase to $0.11 per share, increased from the current $0.10 per share starting with the next quarterly payout. The one-time $1.50 per …
Shareholders of Chesapeake Energy and Southwestern Energy still await for dates to be set for their elections on the planned merger of the two energy firms. Last week’s announcement was an all-stock deal valued at $7.4 billion or $6.69 per share and one that would create a $24 billion enterprise. While leaders of the …
