Devon Energy Corp. reported a net loss of $102 million or 27 cents per diluted share in the fourth quarter of 2020, according to the earnings report released Tuesday following the close of markets. The company’s CEO also made it clear Devon won’t finance any expansion projects for now. During the quarter, Devon also …
While Arctic temperatures fell across Oklahoma on Tuesday afternoon, closing oil prices finished higher in trading and U.S. prices reached the $60 mark for the first time in more than a year. Benchmark U.S. crude oil, West Texas Intermediate for March delivery climbed 58 cents to finish at $60.05 a barrel in trading on …
The decision by Bombardier to stop production of the Learjet stunned not only Wichita, Kansas where the corporate aircraft is manufactured but no doubt its supporting facilities, as well as users. It will bring an end to the iconic-corporate jet that has been produced for nearly 60 years and was linked to oil and …
An Oklahoma House Committee will meet Wednesday, weather providing, to consider a bill to promote renewable natural gas. House Bill 1815 by Moore Rep. Mark McBride will be heard by the House Energy and Natural Resources Committee during a scheduled hearing at 3 p.m. The bill would have the legislature declare that “renewable natural …
It appears that were it not for stockpiles of coal, the rolling blackout issue in Oklahoma this week would be worse. At least that’s the claim from Gov. Kevin Stitt in a Tuesday morning interview on KWTV News 9. “Thank goodness we had stockpiles of coal at the generation plants because right now, 46% …
Oklahoma Energy Secretary Ken Wagner suggested that an investigation by the Southwest Power Pool is likely into the unprecedented spike in natural gas spot market prices over the past week as Arctic temperatures blanketed the region. Interviewed Tuesday on KOTV News, he indicated questions are being raised. “I’ve been in talks and conversations with …
** An equipment failure causes 25,200 gallons of crude oil to spill at a North Dakota saltwater disposal well. ** The Indiana NAACP opposes a proposed state Senate resolution calling for a carbon tax and dividend, saying it would further fossil fuel pollution in disadvantaged communities. ** Minnesota-based 3M announces a $1 billion spending plan over the next 20 years that includes a carbon …
Finding itself at the bottom of a list of states ranked for their electric car initiatives, the state of Arkansas is beginning a push to increase charging stations. The Arkansas Democrat-Gazette reported a move is underway to expand the state’s limited infrastructure. Click here for the Arkansas Democrat-Gazette story.
Talk about sticker shock! The impact of the Arctic temperatures in Texas led to a dramatic impact on the checkbooks of some of the state’s utilities. As Reuters reported, the spot price of wholesale electricity on the Texas power grid spiked more than 10,000% on Monday. Wholesale market prices on the grid operated by …
The wind industry and Green Energy advocates took a hit this week when west Texas wind turbines froze in the middle of the Arctic wave that produced zero degree readings in the state—at a time when the wind power was desperately needed to provide warmth for the homes of millions. The rolling blackouts that …
