Chesapeake Energy Corporation announced it has completed its previously announced acquisition of Vine Energy Inc. The transaction was approved by Vine stockholders at a special meeting held on November 1, 2021. Vine stockholders will receive fixed consideration of 0.2486 of a share of Chesapeake common stock plus $1.20 cash for each share of Vine common stock issued …
Big 3Q earnings report for Williams Cos.
Leadership at Tulsa’s Williams Cos. called the third quarter earnings “exceptional” as the company saw a 12% increase in adjusted earnings. Williams saw net income of $164 million or 13 cents a diluted share while its adjusted EBITDA was $1.420 billion, up $153 million from the third quarter 2020. “We achieved exceptional results in …
Crude oil prices and OK energy stocks make more gains
Crude oil prices continued their march upward in Monday’s trading and settled at more than $84 a barrel in the US and nearly $85 in Europe. Oklahoma energy stocks enjoyed the ride too. West Texas Intermediate crude for December delivery rose 48 cents or 0.57% to finish at $84.05 a barrel in trading on …
Climate Corps a slush fund for environmentalists?
A Civilian Climate Corps. Sounds like a harmless idea at first, one based on FDR’s Civilian Conservation Corps of the 1930s but Wyoming Sen. John Barrasso thinks it’s a wolf hidden in sheep’s clothing. It’s what he suggested in a recent op-ed piece for Fox News. By: U.S. Senator John Barrasso Fox News In …
Lankford warns some energy steps could come back to haunt us
Is the US headed for even higher energy prices because of its green movement? Oklahoma U.S. Sen. James Lankford thinks so and he warns that what is happening in Europe with higher energy prices and frequent blackouts is the “ghost of Christmas future” for us. Taking a cue from Charles Dickens’ 1843 novella A …
Enviros urge Evergy to close 2 more coal plants
Kansas City utility Evergy could save ratepayers money by retiring two more coal plants within the next decade and replacing them with a mix of solar, wind, storage, and efficiency, according to a new Sierra Club report. (Kansas Reflector) Click here for Kansas Reflector
Louisiana coal operation closing
Southwestern Electric Power Company will close a 650 MW coal-fired power plant in Louisiana by the end of the year as part of a settlement with Arkansas regulators and the Sierra Club, contributing to a total of 6,100 MW in coal plants that will be retired or converted in 2021. Click here for The Baton Rouge Advocate
Why people dump EVs
A University of Kansas professor and expert in transportation policy who studied why EV owners dump their vehicles says it had a lot to do with dissatisfaction with what else—the charging capability–or lack thereof. It’s the finding of Bradley Lane, associate professor of public affairs & administration at KU. Owners who abandoned their …
Governor Stitt signs letter opposing EV tax credit
Oklahoma Gov. Kevin Stitt was among 11 Republican governors who urged House Speaker Nancy Pelosi to drop a $4,500 electric vehicle tax credit from the social agenda and infrastructure bill. In particular, Stitt and the other governors targeted the incentive for customers who buy ‘union-made’ electric vehicles. “We cannot support any proposal that creates …
Wyoming revenue estimate raised by hundreds of millions through 2026
All that oil and gas drilling in Wyoming by some Oklahoma-based energy firms no doubt contributed heavily to greatly increased revenue for the state. As the Casper Star Tribune reported, revenue collected by Wyoming during the 2021 fiscal year far outstripped earlier estimates—thanks to unexpectedly high oil and gas prices. Click here for Casper …
