Chesapeake Energy Corporation is under new leadership but a face familiar with others in the Oklahoma City-based company. The Board of Directors chose Domenic “Nick” Dell’Osso to be the company’s new President and Chief Executive Officer. It was a reported unanimous decision by the board to name him to succeed Doug Lawler who left …
Category: Oil & Gas
Brief energy stories from across the nation and world
** Under a new law signed over the weekend by Gov. Gavin Newsom, California will ban the sale of all off-road, gas-powered engines, including generators, lawn equipment, pressure washers, chainsaws, weed trimmers, and even golf carts. ** The underwater pipeline that caused a major oil spill off the coast of Southern California was likely initially damaged by a …
Utility marking firm cleared in deadly Missouri gas blast
The 8th Circuit Court of Appeals has upheld a lower court ruling that a deadly gas line explosion in 2019 in Missouri was not the fault of USIC, the utility line locating service. USIC crews are often seen throughout Oklahoma, marking buried gas and other utility lines. The company was sued following a explosion …
3Q earnings report to be released by Alliance Resource Partners
Tulsa-based Alliance Resource Partners, L.P. will report its third quarter 2021 financial results before the market opens on Monday, October 25, 2021. Alliance management will discuss these results during a conference call beginning at 10:00 a.m. Eastern that same day. Alliance reported a strong second quarter in July as its total revenues increased …
Energy activity accelerated in Federal Reserve Bank’s 10th District
The Federal Reserve Bank of Kansas City says energy activity increased in the third quarter of the year in Oklahoma and other states that make up the bank’s Tenth District. Chad Wilkerson, Oklahoma City Branch executive and economist at the Federal Reserve Bank of Kansas City, stated that the survey revealed that Tenth District …
Increased rig numbers as oil pushes closer to $80
With oil prices pushing more than $79 a barrel in the U.S., the nation’s oil and gas rig count increased by 5 in the past week to reach 533 total. Oklahoma numbers were up by one to 41 working rigs according to this week’s Baker Hughes Co. rig report. One year ago, Oklahoma had …
OGE reaches storm cost agreement
OGE Energy and some consumer groups filed a joint stipulation with Oklahoma regulators on Friday agreeing the utility’s estimated winter storm costs will be lowered to $760 million and be recovered over a nearly 30-year period. The amount is in contrast to the $875 million figure cited by OG&E in a September notice to …
Crude prices in US push closer to $80
Crude oil prices made another gain on Friday as the U.S. benchmark moved closer to $80 a barrel, helping oil to end up with a 4% increase in prices for the week. West Texas Intermediate crude for November delivery finished up $1.05 or 1.3% at $79.35, the highest close since Halloween, 2014. Global benchmark, …
Congressman—American Energy is the Best Energy
American Energy is the Best Energy By Congressman Tom Cole America hit a troubling milestone this month with prices at the pump reflecting the most expensive in seven years while oil shortages around the world worsen. And as the holidays approach, gas and utility prices are only expected to increase further. Unfortunately, this crisis …
North Dakota Supreme Court hands legal win to Continental Resources
Oklahoma City’s Continental Resources was handed a legal victory this week by the North Dakota Supreme Court. The court ruled in favor of Continental in a fight over a lower court judgment adjudicating ownership of interests in an oil and gas lease and claims to revenue production. The case involved Phillip Armstrong of Minot, …
