Tulsa’s Alliance Resource Partners, L.P., the largest coal producer in the eastern United States, plans to release its fourth quarter 2023 financial results before the market opens on Monday, January 29. Executives of the company plan to hold a conference call at 9 a.m. central time later the same day. Alliance saw an increase …
Category: General
Legislators want exemptions for Oklahoma’s anti-ESG law
Two legislative attempts to exempt municipalities from Oklahoma’s Energy Discrimination Elimination Act were recently filed prior to the start next month of the 2024 legislature. The effort is in the form of one bill filed by Republican Sen. Chuck Hall of Perry. He wants the Act amended by Senate Bill 1510. The act targets …
Chicago EV owners left in the cold with dead cars and batteries
So much for electric vehicles in brutally cold weather in Chicago. Temperatures left EVs dead, and as Fox Chicago reported, “Charging stations have essentially turned into car graveyards in recent days as temperatures have dropped to the negative double digits.” Tesla owners had no luck in charging their vehicles after leaving their vehicles out …
Dividend announced by SandRidge Energy
SandRidge Energy, Inc. announced an increased one-time dividend of $1.50 per share for a total payout of approximately $55 million. The Oklahoma City-based company also said it planned an on-going quarterly dividend increase to $0.11 per share, increased from the current $0.10 per share starting with the next quarterly payout. The one-time $1.50 per …
Shareholders await election date for Chesapeake Energy’s merger
Shareholders of Chesapeake Energy and Southwestern Energy still await for dates to be set for their elections on the planned merger of the two energy firms. Last week’s announcement was an all-stock deal valued at $7.4 billion or $6.69 per share and one that would create a $24 billion enterprise. While leaders of the …
Small earthquakes recorded in central Oklahoma this week
At least three earthquakes, measuring from 1.7 magnitude to 2.2 magnitude were recorded in the past day, according to the Oklahoma Geological Survey. Meanwhile, the strong quakes near Edmond last week are not believed linked to oil and gas operations. The strongest, each measuring 2.2 magnitude were recorded Monday morning in Garvin County and …
Creighton Business index shows slight improvement in Oklahoma
After falling below growth neutral in November, the Creighton University Mid-America Business Conditions Index, a leading economic indicator for the nine-state region stretching from Oklahoma to Minnesota to Arkansas, bounced above the 50.0 growth neutral threshold in December. The report showed Oklahoma, after sinking below growth neutral in November, rose to 50.5 from 43.2 …
Maintenance caused temporary shutdown for OKC utilities payment system
Over the weekend, the OKC Utilities customer portal, mobile app, and all Utilities payment systems were taken offline temporarily so staff could perform planned system maintenance. All systems were scheduled to be operational by 8 a.m. Tuesday, Jan. 16. However, we are extending system maintenance for okcutilities.com, the My OKC Utilities mobile app, and all …
Energy quick reads
** Oil and gas company Talos Energy said on Monday it will acquire privately held QuarterNorth Energy in a $1.29 billion cash and stock deal to bolster its presence in Mexico. ** A Massachusetts wind project, which recently became the first utility-scale offshore wind project to deliver electricity to the grid, wouldn’t have been financially viable if …
Global crude oil prices dropped on Monday
Because of the Martin Luther King Junior federal holiday, there was no oil trading prices reported in the U.S. However, prices weakened slightly Monday because of the impact of the Middle East conflict. Global benchmark Brent crude was traded and settled down 14 cents or aabout 0.2% at $78.15 a barrel on ICE Futures Europe. …