Author's posts
Petroleum Alliance blames legislature for loss of Expand Energy and Devon Energy HQs
Hey Oklahoma legislature……wake up! It’s the strong message delivered to the leaders of the state House and state Senate from Brook Simmons, president of the Petroleum Alliance of Oklahoma. He fired off a letter this week explaining that the decisions by Devon Energy and Expand Energy to move their headquarters to Houston, Texas and the …
Ovintiv is leaving Oklahoma’s Anadarko Basin with $3 billion sale of assets
Ovintiv Inc. is bailing out of Oklahoma’s Anadarko Basin. The Denver, Colorado-based company announced the sale of its Oklahoma assets for $3 billion to an undisclosed buyer. The sale included approximately 360,000 net acres which, according to the announcement, “represents substantially all of the company’s acreage in the play. Hours after the announcement, Ovintiv …
Final Supreme Court filing made by legislators challenging billions in winter storm fuel costs
On the fifth anniversary of February 2021’s Winter Storm “Uri,” appeals challenging more than $1.4 billion in bonds and $377 million in rate increases impacting the customers of electric utility companies OG&E and Public Service Company of Oklahoma (PSO) are now in the hands of the Oklahoma Supreme Court. Tuesday, Reps. Tom Gann, R-Inola, Kevin …
Expand Energy reports improved earnings
A week after announcing plans to move headquarters from Oklahoma City to Houston, Texas, Expand Energy Corporation revealed fourth quarter earnings. The country’s largest natural gas producer said it plans a billion dollars in debt relief this year and the issuance of its 20th straight dividend. It reported its net cash from operating activities totaled …
Oil prices slip as headway is made in US and Iranian talks
Crude oil prices fell about 1% on Tuesday as there was headway or progress reported out of the talks between the U.S. and Iran. Plus, there were also U.S.-brokered talks between Russian and Ukrainian negotiations. Iran’s foreign minister Seyed Abbas Araghchi stated, “We were able to reach a general agreement on a set of …
Legislator urges more diversification of Oklahoma’s economy
Rep. Brian Hill, R-Mustang, commented on the recent announcements that Devon Energy and Expand Energy will both relocate their corporate headquarters to Texas. Hill, who serves as chair of the House Commerce and Economic Development Oversight Committee, emphasized the importance of continuing to diversify Oklahoma’s economy. “The focus of the House Commerce and Economic …
Governor says state is still winning overall despite moves by Expand and Devon
Disappointing yes. Discouraging….maybe not. It’s the suggestion from Oklahoma Gov. Kevin Stitt to the surprising decisions by Devon Energy and Expand Energy to move headquarters to Houston, Texas. Interviewed recently by KOCO TV News, he explained his reaction. “When you hear about things like that, it’s disappointing. But that’s why it’s important to have …
Ogallala aquifer use to be restricted in Southwest Kansas
The Ogallala water aquifer that runs through the Oklahoma Panhandle is now the target of use restrictions to farmers to the north in southwest Kansas. It’s a move that could impact water use by farmers and others in the Oklahoma Panhandle. Managers of the historic source of water used for farming, dairy, beef and biofuels …
OGE and Tinker Air Force Base to host ribbon-cutting for new power generation project
A new power generating facility will be the subject of a ribbon-cutting ceremony Thursday morning at Tinker Air Force Base and feature leaders of the air base, the utility and Congress. U.S. Rep. Tom Cole will be among dignitaries on hand for the 9 a.m. ceremony to create added critical electrical power to the important …
Nuclear Office bill wins House subcommittee approval
A bill to create a state Office of Advanced Nuclear Energy in Oklahoma won approval this week in a House subcommittee. Rep. Nick Archer (R-Elk City) authored HB3175 which was approved on a 4-3 vote in the House Appropriations and Budget General Government subcommittee. Archer explained during the Monday hearing that his bill is …