ExxonMobil’s $64.5 billion buyout of Pioneer Natural Resources is a done deal. The large acquisition, first announced in October of last year, was finalized this past week. The move constituted a marriage of two of the largest fossil fuel companies active in the Permian Basin. Together, they operate on 1.4 million acres across …
May 2024 archive
New Mexico regulators to consider reuse of oil and gas wastewater
A proposed rule that would open the door in New Mexico to reusing treated oil and gas wastewater has been met with protesters at the state capitol in Santa Fe. State regulators plan to vote on the controversial proposed regulations but already environmental groups gathered in opposition. They’re upset with plans by the New …
New leadership announced for Chesapeake Energy and Southwestern Energy merger
Chesapeake Energy announced its new leadership team once its merger is completed later this year with Southwestern Energy of Houston. In a filing with the Securities and Exchange Commission, Chesapeake President and CEO Nick Dell’Osso Jr. revealed who the New Company’s executive officers will be along with the Board of Directors. “As previously announced, I …
Nebraska woman who led fight against Keystone XL pipeline to be speaker in Tulsa
The woman who founded a citizen’s group that led the fight against allowing the Keystone XL pipeline in Nebraska will be a speaker this weekend during the Switchyard at Mayfest event in Tulsa. Jane Kleeb founded Bold Nebraska in 2010 and the organization remains active today, under a new name, BOLD Alliance, one that …
US to get more electricity from solar and wind in next few years
The U.S. Energy Information Administration (EIA) expects electricity generation will grow by about 3% in 2024 and 1% in 2025. Renewable energy sources—chiefly solar—will supply most of that growth. EIA expects electricity from solar, wind, and hydropower combined to account for 22% of total U.S. generation in 2024, increasing to 24% …
Energy briefs
** The body of the last missing construction worker killed in the collapse of Baltimore’s Francis Scott Key Bridge in March has been recovered, officials announced Tuesday as demolition crews prepared to use explosives in the ongoing cleanup effort. ** The nation’s largest public utility is moving ahead with a plan for a new natural …
Oklahoma congressional delegation quiet about National Guard transfer to Space Force
While Oklahoma Gov. Kevin Stitt joined governors for every other state in opposing the Air Force’s move to transfer the Air National Guard to the Space Force, so far, the state’s congressional delegation has not joined dozens of others in the Senate and House fighting the proposal. Gov. Stitt was among leaders of 53 …
Early voting deadline for OGE Energy Corp. shareholders
Oklahoma Gas and Electric Company shareholders are reminded of approaching deadlines if they want to vote prior to the firm’s virtual annual meeting on May 16. Proxy materials were recently made available to shareholders in the company. The annual meeting will be held virtually over the internet beginning at 10 a.m. central time on …
Corporation Commissioners to explore any possible conflicts of interest over contracts
When Oklahoma Corporation Commissioners meet Thursday afternoon, they will examine whether any federal grant-funded contracts had the same kind of conflict of interest discovered last month by the State Auditor in a review of spending at the Oklahoma Employment Security Commission. Corporation Commissioner Bob Anthony requested the matter be examined during the public meeting. …
Lower oil prices prompt administration to refill Strategic Petroleum Reserve
Heavily criticized by Oklahoma’s congrerssional delegation for using the nation’s Strategic Petroleum Reserve, the Biden administration has restarted plans to refill the depleted emergeny oil cache. Lower crude oil prices are helping the administration take advantage as it seeks more than 3 million barrrels of oil. Higher prices over the past several months prompted …
