J.B. Hunt Transport Services Inc., one of the largest supply chain solutions providers in North America, announced that it has added 20 Nikola Tre fuel cell electric vehicles to expand sustainability solutions for customers with freight needs along the West Coast. “Our expertise, resources and relationships uniquely position us to help our customers pursue …
September 2024 archive
Devon finishes $5 billion acquisition of Grayson Mill Energy
Devon Energy Corp. announced that it has completed its previously announced $5 billion acquisition of Grayson Mill Energy. The Oklahoma City-based oil and gas company said the acquisition adds a high-margin production mix that enhances Devon’s position as one of the largest producers in the U.S. The transaction transforms the company’s Williston Basin business, with …
Crude oil finished the week with slight gains and OK energy stocks rose too
Crude oil prices and Oklahoma energy stocks wrapped up the trading week on Friday with gains. Oil prices rose on what Reuters described as a fresh stimulus from top crude importer China. West Texas Intermediate crude rose 51 cents or 0.75% to finish at $68.18 a barrel on the New York Mercantile Exchange. Brent crude, …
Mitchell talks energy with Jerry Bohnen—latest on Corporation Commissioner Hiett
What are topics of discussion this week on Scott Mitchell talks energy with Jerry Bohnen? The main topic is the legal setback suffered by Corporation Commissioner Todd Hiett but there are other things to discuss—Chesapeake’s name change and the reported $2 billion sale of a Tulsa energy company.
Cushing Hub saw increase of crude stocks but drop across the U.S.
The most recent crude stocks report from the U.S. Energy Information Administration revealed a gain of crude oil in storage at Oklahoma’s Cushing Hub but a decline of 4.5 million barrels nationally. The EIA report showed the U.S. stocks tumblerd from 417.5 million barrels as of September 13 to 413 million barrels on Sept. …
PSO and OGE crews rush to Georgia and Florida to help with hurricane recovery efforts
Crews from Public Service Company of Oklahoma and Oklahoma Gas and Electric responded this week to prepare for the anticipated damage from Hurricane Helene as it hits the southeast U.S. About 85 PSO workers left a few days ago to help Florida Power and Light. Teams from the company’s Tulsa, Lawton and McAlester Districts …
As crude oil fell 3% Monday, Oklahoma energy stocks fell even more
Crude oil prices had a negative reaction of more than 3% Monday to news that Saudi Arabia,the world’s top crude exporter will give up its $100 price target as it prepares in December to raise output. The reaction also sent Oklahoma energy stocks tumbling with some falling 5% and 6% for the day. The Financial …
Grainbelt Express transmission line wins approval from Kansas Corporation Commission
The $7 billion, four-state transmission project covering four states, won approval Thursday of the Kansas Corporation Commission. Regulators signed off on Invenergy’s Grain Belt Express, a move that established the route for two inter-related 345 kV alternating current transmission lines and their associated facilities as part of the Southwest Kansas “AC Collector System.” The …
Energy briefs
** California Gov. Gavin Newsom signs into law three bills cracking down on the oil and gas industry, including one that allows local governments to block new drilling, one that ups cleanup requirements for idle wells and another that bans low-production wells from operating in a Los Angeles-area oilfield. ** New Jersey hit the pause button …
Tulsa’s Citizen Energy to be acquired in $2 billion deal???
Tulsa’s Citizen Energy is reported to be acquired soon by rival Denver-based privately held oil and gas producer Validus Energy in a more than $2 billion deal. Officials with neither firm confirmed the sale. Reports indicated Validus came out on top in the auction over other bidders and the $2 billion deal will include …