Devon Energy has a new chairman of its board of directors. The Oklahoma City energy company announced the board appointed John Bethancourt as independent chair of the board, effective July 1, 2024. Bethancourt joined Devon’s board in 2014 following his retirement from Chevron’s executive team. He currently chairs the board’s reserves committee while also …
June 5, 2024 archive
Toyota subsidiary closing auto parts plant in Arkansas
(Arkansas Business) Toyota is closing one of its auto parts factories located in Arkansas. As reported by Arkansas Business, Hino Motors, a subsidiary of Toyota plans to close the plant in Marion and it will eventually put 1,300 people out of worker. Hino explained it had an operating loss last year of $189 million and …
Corporation Commission to meet with stakeholders about rule changes
Oklahoma regulators are planning a session with stakeholders to focus on rule changes. The Corporation Commission announced it intends to hold a Chapter 5 Rules of Practice Industry Roundtable meeting on Wednesday, June 12 at 1:30 p.m. The purpose of the meeting is to promote engagement with industry stakeholders, gain input and ideas, …
Energy briefs
** A new study has found that integrating Texas’s self-contained electrical grid with the broader national grid could prevent mass power outages like those suffered in 2021. The research, from the Massachusetts Institute of Technology, found that if such a law had been enacted ahead of the 2021 event, Winter Storm Uri, up to 80 percent of …
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