Bison Underground, a startup created by current and former students from the Mewbourne College of Earth and Energy at the University of Oklahoma, won a $250,000 award and seed funding for a research proposal in the XPRIZE $5 Million Carbon Removal Student Competition. The award program, which is part of the $100 Million XPRIZE …
Devon offers $1.9 billion in notes exchange
Devon Energy came out with a $1.9 billion offering in an exchange of notes this week. The company announced the offering but in its filing with the Securities and Exchange Commission did not include a date for a deadline. The offering was for $224,079,000 of 8.250% notes due 2023; $224,079,000 of 8.250% notes also …
Continental’s big Permian acquisition a headline grabber in the Bakken
The $3.25 billion acquisition of Permian Basin assets by Oklahoma’s Continental Resources was not only big news in Oklahoma and Texas, but it also had the attention of North Dakota media. That’s because Continental Resources is a big driller in the Bakken and its acquisition of assets held by Pioneer in West Texas captured …
Cushing crude oil storage decline slows
Crude oil inventories at the Cushing hub in Oklahoma are reported at 26.4 million barrels, 50% below the previous five-year average. The amount is the same as a week ago. The U.S. Energy Information Administration says the amount of crude in Cushing was also 31% of the working storage capacity in the huge tank farm. …
Wednesday–a bad day for crude oil and OK energy stocks
Up one day, down the next—just like a pump jack. The see-saw price of crude oil took a nose-dive in Wednesday’s trading. So did Oklahoma energy stocks. While West Texas Intermediate crude for December delivery rose by $2.22 a barrel in Tuesday’s trading, a day later it plunged $2.81 to finish the day at …
Cole keeps up attacks on Democrats’ Build Back Better plan
While Democrats in Congress plan a vote next week on President Biden’s $1.75 trillion ‘Build Back Better” plan, they’re being heavily criticized by Congressman Tom Cole during his return to Oklahoma. The Republican Representative labeled the plan “Biden’s Build Back Socialist” plan and urged Oklahomans not to be fooled into thinking a lower price …
Regulators to consider PSO plans for the future
Oklahoma Corporation Commissioners plan a special meeting next week to begin reviewing future energy needs and plans for Public Service Company of Oklahoma. In the 10:30 a.m. meeting on Monday, November 15, the commissioners will review PSO’s 2021 Integrated Resource Plan. But a vote is not anticipated. In its 466 page report, PSO indicated it …
Senators tweet critical response to Kerry’s coal vow
“Next time the Biden administration says it cares about coal communities, please remember this. “By 2030 in the United States, we won’t have coal…We will not have coal plants.” GOP Senators U.S. Special Climate Envoy John Kerry’s promise that the U.S. won’t have coal by 2030 got a quick response from Oklahoma U.S. Sen. …
Fallen Air Guard airman honored Wednesday
An Oklahoma Air National Guard airman killed by a rocket attack in Iraq last year was honored Wednesday as state officials named part of a highway near Claremore in his honor. Staff Sergeant Marshall D. Roberts served with the 219th Engineering Installation Squadron, 138th Fighter Wing and was killed in action during a rocket …
DEQ seminar for clean diesel grants
The Oklahoma Department of Environmental Quality plans to hold a webinar in its diesel grant program to replace aging school buses in the state. The event will be held Tuesday, November 16 from 11 a.m. to 12 p.m. and available at: Link: https://register.gotowebinar.com/register/5875125353129594893 The Association of Central Oklahoma Governments, Indian Nations Council of Governments and …