A bankruptcy judge in Texas has signed off on the Chapter 11 reorganization plan of Oklahoma City’s Chesapeake Energy. The approval this month came after the company filed reorganization bankruptcy in September. On Nov. 4, the U.S. Bankruptcy Court for the Southern District of Texas signed off on the plan which became effective Nov. 19, …
** More than $500 million worth of Australian coal is on ships anchored off Chinese ports, as a diplomatic spat between the two countries cuts into trade, idles a portion of the world’s dry bulk carriers and threatens to spiral into a humanitarian crisis reported Bloomberg. ** The Associated Press reported a judge on Monday voided permits …
The day before Thanksgiving left some Oklahoma energy stocks with dessert while others had nothing but an empty bone. It came as crude oil futures rose again in trading in the U.S. and in Europe. A surprise drop in U.S. crude inventories last week spurred the continued drive in oil prices along with the …
Whether it’s Baker Hughes Co.’s report or the one from the data analysis firm Enverus—they show increased drilling in the past week in the U.S. Oklahoma’s numbers remained steady at 13 rigs compared to the 51 a year ago. The latest U.S. rig count supplied by the data analysis firm Enverus shows an increase …
The renewable energy company, Cubico Sustainable Investments has added 270 MW of solar to its U.S. generation portfolio including the acquisition of a major project in Arkansas. Cubico acquired Delta’s Edge solar project in Mississippi and the Crossett solar project located in Arkansas. (Crossett solar farm) The Crossett solar project will be among the largest installations …
Joe Biden’s promise to return to the Paris climate accord, the one President Trump pulled out of, raises questions in the minds of some observers, including Stephen Moore, a writer who contends it will only leave America in last place in the move toward a cleaner environment for the world. Moore, a senior fellow …
With another jump in Brent crude oil prices, Oklahoma energy stocks had a second consecutive strong showing in trading. Crude prices dropped in the U.S. where West Texas Intermediate dropped 11 cents before finishing the day at $44.80 per barrel. Global benchmark Brent crude saw a nearly 4% increase when prices jumped $1.80 before …
Four years after Oklahoma City’s SandRidge Energy filed Chapter 11 bankruptcy and emerged from it in 2016, a bankruptcy judge has issued the final decree in the case. In a filing this week with the Securities and Exchange Commission, SandRidge said the judge in the case issued the final decree last week closing the …
Even more good news came this week for AAR and its operations in Oklahoma City. “Good news for AAR!” wrote Bill Hancock, Business Services and Rapid Response Coordinator at the Oklahoma Office of Workforce Development who took note after it was announced Alaska Airlines said it reached agreement to lease 737 MAX 9 aircraft. …
California did it and officials in Colorado might consider a similar ban of the sale of new gasoline-powered cars and trucks by 2035. But Colorado Public Radio reports that the state’s Energy Office leaders also say it’s a little early to say if Colorado will soon follow suit. Click here for the story from Colorado …