** Federal agents arrest Ohio House Speaker Larry Householder and four others accused of accepting $60 million in bribes from an Akron utility to support a $1 billion bailout of Ohio’s two nuclear plants. ** Twenty-one Democratic attorneys general filed a lawsuit against the Trump administration on Tuesday over its rule to limit states’ authority to use environmental concerns to …
Work begins on Enel Green’s solar storage project near Dallas
Near Dallas, Texas, work has started on a large Lily solar storage project that is considered to be the first hybrid energy project in North America integrating a renewable energy plant with utility-scale battery storage. Enel Green Power, the company with wind farm operations in Oklahoma is behind the project that pairs the two …
Chaparral avoids interest payment on notes and loans
Oklahoma City’s Chaparral Energy has entered into a limited forebearance agreement with some of its lenders and at the same time chose not to make a more than $13 million interest payment on its notes. In a filing with the Securities Exchange Commission, the company made the agreement under its Tenth Restated Credit Agreement dated …
Promotions made at ONE Gas in Tulsa
Tulsa’s ONE Gas Inc. announced some promotions this week including the election of Curtis L. Dinan to be the company’s senior vice president and chief commercial officer. Robert S. McAnnally was also chosen to be the firm’s senior vice president and chief operating officer. Dinan is the current senior vice president of commercial and …
Alliance Resources to hold 2Q earnings call next week
Tulsa’s Alliance Resource Partners, L.P. the company with major coal mining interests as well as oil production plans to report its second quarter 2020 financial results next week. The release of the report will be made prior to the opening of markets on Monday, July 27. Management of the company will hold a conference …
Ovintiv Mid-Continent hits 3 Canadian County wells with 3,600 barrels of oil a day production
Oklahoma’s STACK still has some big producers to yield, despite the near total collapse of oil and gas drilling in the state. This week, Houston-based Ovintiv Mid-Continental Inc. filed completion reports on three Canadian County sister wells with combined production of more than 3,600 barrels of oil a day. As OK Energy Today reported …
Despite Dakota Access court ruling, more pipelines are being constructed
Environmentalists are celebrating a string of wins that put the brakes on three major pipelines last week, but oil and gas industry insiders and even some green groups say those setbacks have barely made a dent in the sector’s growing web of infrastructure. Despite the high-profile courtroom losses by the Keystone XL and Dakota …
Another look at the Chevron-Noble Energy deal
The $5 billion deal made by Chevron to acquire historic Noble Energy, the company that got its start in Ardmore, Oklahoma is still resounding among analysts and speculators. Here are some considerations offered by Bloomberg. Patience is a virtue in M&A, especially in the rocky oil market. Chevron Corp. announced Monday that it …
Oil prices climb by more than 2% to four-month high
Oil futures rose higher in Tuesday’s trading as prices reached their highest level since March. A ripple effect was seen in Oklahoma prices as one firm saw its shares increase nearly 11% in value. West Texas Intermediate crude for August delivery was up $1.15 a barrel or 2.8% to settle at $41.96 after gaining …
Nebraska legislators, scientists make 11th hour bid for climate change study
Some Nebraska legislators are starting a push with environmentalists and others to come up with a climate action plan….one they hope will be approved by the legislature this year. One climate scientist who retired from the University of Nebraska-Lincoln proclaimed, “The implications of this are just incredible for our state–our economy, …
