Evergy, the utility with 1.6 million customers in Kansas and Missouri has unveiled a $9 billion plan to modernize its grid and infrastructure, streamline operations and make the transition to renewable energy. The company estimates such a massive effort will save $145 million a year over the next four years. The announcement came after Evergy …
The $4.5 billion acquisition of Parsley Energy by Irving, Texas Pioneer Natural Resources is leading to the layoff of another 100 Pioneer employees. Word of the layoffs came shortly before Christmas and after an announcement of the layoff of 234 workers by Parsley. The layoffs by Pioneer will be in the Midland, Texas region …
A Tulsa U.S. District Court judge has granted the Illinois-based PETCO Petroleum Corporation the opportunity to expand its fraud lawsuit against Oklahoma operators after discovering other firms were allegedly involved in defrauding the company with phony work invoices. Judge Gregory Frizzell issued his ruling a few days before Christmas in the original lawsuit filed …
Oil traders wait to see what Monday’s sessions might bring after crude prices closed slightly higher on Christmas Eve and were closed in the U.S. over the weekend. West Texas Intermediate crude for February delivery closed up 11 cents or 0.2% at $48.23 a barrel in trading on the New York Mercantile Exchange. The …
Hollywood hypocrisy. Its rich and famous say one thing when it comes to the environment and do another. For instance, fracking. Paul Gessing, writing in the National Review found another example—Netflix. How it makes money off oil and gas in New Mexico, his home state. Click here for his story.
While Oklahoma U.S. Sen. James Lankford has his “Federal Fumbles” report where he highlights what he considers to be wrongful government spending, Kentucky Sen. Rand Paul, another Republican does the same thing with his “Festivus” annual report. In it, he documented nearly $55 billion in what he labeled “truly outlandish” government waste including energy …
A government report showing a drop in U.S. inventories including those at the Cushing crude oil crossroads in Oklahoma resulted in sharply higher closing crude oil futures. The Energy Information Agency reported a fall of 562,000 barrels for the week that ended Dec. 18. The EIA also showed crude stocks at Cushing’s storage hub were …
Devon Energy’s announced merger with Tulsa-based WPX Energy has run into legal challenges filed by several WPX stockholders who are trying to stop the pending merger. In a filing with the Securities and Exchange Commission this week, Devon Energy laid out the opposition explaining a dozen complaints have been filed including seven in the …
Drone maker and defense contractor Kratos Defense and Security Solutions as won a nearly $18 million Air Force and it means work at the company’s Oklahoma City manufacturing plant. The $17,776,055 award is from the Air Force Research Laboratory for work in the government’s Low Cost Attritable Aircraft Technology including efforts related to Kratos’ XQ-58A …
Thousands of American Airlines workers who lost their jobs at the company’s giant maintenance base in Tulsa will be recalled after Congress passed the pandemic relief bill this week. The Tulsa World said company leaders responded to word that the Payroll Support Program will get $15 billion for airline payroll support and they intend …