The Board of Directors at Oklahoma City’s Continental Resource, Inc. indicated this week it has moved to explore founder Harold Hamm’s $70-a-share offer in a bid to take the company private. His $4.4 billion cash “take private” offer was made in mid-June and the Board confirmed Wednesday it had formed a special committee of …
Category: General
2Q earnings report coming soon from Laredo Petroleum
The second-quarter 2022 earnings report from Laredo Petroleum will be released on Wednesday, August 3. The Tulsa company announced the release will be made after the market close on that day. Company leaders plan to hold a conference call the next day, Thursday, Aug. 4 at 7:30 a.m. central time to discuss the results. …
OGE defends rate hike—says rates are still lowest in the U.S.
After negotiating a down-sized rate increase of $30 million, Oklahoma Gas and Electric defended the hike to consumers, saying in a newsletter this week that its electric rates are still among the lowest in the nation. In a note to consumers this week, the utility said its residential rates are around 30% below the …
Kansas lands $4 billion mystery battery plant over Oklahoma
Oklahoma came out on the losing end in a race with Kansas to see who might land a proposed $4 billion EV battery plant operation, one that tantalized leaders in both states. Nikkea Asia reported Wednesday afternoon that Panasonic chose Kansas over Oklahoma as the site for a second U.S. electric vehicle battery …
OKC energy company could be major supplier of lithium for EVs
Oklahoma City’s Galvanic Energy claims its southern Arkansas lithium mining operation through an underground brine formation will produce batteries for 50 million electric cars. The company stated this week that a recently completed resource report validated that its Smackover prospect as one of the largest lithium brine resources in North America. Galvanic Energy is …
COVID uptick prompts virtual meeting at corporation commission
Virtual meetings returned to the Oklahoma Corporation Commission this week following a recent spike in the number of COVID-19 cases that affected the giant agency. The Commission announced that an annual Summer Industry Roundtable Meeting planned by its Petroleum Storage Tank Division on Thursday, July 14 would be held “virtually by Zoom.” The meeting …
New Mexico launches Climate Change Bureau
New Mexico leaders are so serious about climate change that they created a state Climate Change Bureau. The state’s Environment Department announced this week the formation of the new bureau along with a Cannabis and Hemp Bureau. and also said there would be funding for a number of high priority programs related to water infrastructure improvements, …
Iowa group fights proposed wind farm
An anti-wind farm group in Iowa has filed suit to stop construction of a proposed wind farm. The Tama County Against Turbines coalition was formed in March and filed suit against the Tama County Board of Supervisors reported the Iowa Capital Dispatch. Click here for Iowa Capital Dispatch
Wind operator NextEra acquires south Texas water operations
NextEra Water Texas, LLC, an indirect subsidiary of NextEra Energy Resources, LLC, announced that it has completed the previously announced acquisition of a portfolio of rate-regulated water and wastewater utility assets in eight counties near Houston, Texas, from Quadvest, L.P. “This acquisition marks our first purchase of water and wastewater assets and furthers our strategy …
Williams to release 2Q results in early August
The second-quarter 2022 financial results of Williams Companies will be released in a few weeks. The Tulsa-based company stated this week the financial report will be released after the close of markets on Monday, Aug. 1 of this year. The company’s second-quarter 2022 earnings conference call and webcast with analysts and investors is scheduled …