Leadership at the Southwest Power Pool, of which Oklahoma is a part, expect wind to be their top fuel source for electricity generation this year. Arkansas Business reported the expectation came out of the Pool’s quarterly meeting held recently in Little Rock, Arkansas where the Pool is headquartered. Wind and other renewable sources of …
Oklahoma City’s Mammoth Energy Services managed to turn things around in the third quarter of the year, reporting actual net income of $3.4 million or 7 cents a share compared to a second quarter net loss of $15.2 million and 33 cents a diluted share. The $3.4 million in net income also compared to …
Oklahoma City’s Devon Energy reported Thursday it suffered a net loss of $92 million or 25 cents a share in the third quarter. Despite the loss, the company stated in a filing with the Securities and Exchange Commission, “The company’s financial position continues to remain exceptionally strong with excellent liquidity and low leverage.” Devon’s …
An estimated 600 people were evacuated early Thursday morning following the derailment of 25 cars of a train in the southeast Texas community of Mauriceville. The derailment happened about 100 miles east of Houston and at least 15 of the derailed cars were loaded with chemical products. The Orange Leader reported that four of …
Reports indicate that Exxon Mobil Corp. plans to cut 15% of its global workforce by the end of 2022. Bloomberg reported the cuts will include 1,900 jobs in the U.S. with most of them in Houston, Texas. The entire layoffs around the globe will total about 14,000 workers. Other layoffs will occur in Europe …
Utility companies say an estimated 370,000 customers lost electrical power in this week’s ice storm that literally put much of Oklahoma in the dark. Most of those who lost power lived in the western half of the state but included a large segment of Oklahoma City. OGE reported it has 2,500 personnel on the …
A collaboration between Citizen Potawatomi Nation (CPN) Electrical Services and Hunzicker Brothers Electric netted the Tribe more than $90,000 in rebates from OGE Corp. Tribal executives received the second of OGE’s payments in person for the FireLake Parking Lot Lighting Project in late July. “The Nation has long prided itself on using the most …
Chevron Corp will lay off about 25% of Noble Energy’s employees who joined the oil major after its $4.1 billion purchase of the smaller rival earlier this month, the company told Reuters on Tuesday. A collapse in crude oil prices has forced most oil and gas producers to drastically cut costs by laying off …
The 10th U.S. Circuit Court of Appeals recently affirmed workplace safety citations against Wynnewood Refining Co. LLC following an oil refinery explosion in 2012 resulting in the deaths of two workers, according to an article published by Business Insurance. The incident arises from alleged safety violations at the Wynnewood, Oklahoma oil refinery where workers were …
Hurricane Zeta made landfall in southeast Louisiana on Wednesday afternoon and and battered the storm-weary state with high winds, deadly storm surge and torrential rain. The National Hurricane Center reported that the hurricane’s eye moved onshore near Cocodrie, La., around 4 p.m. CDT with 110 mph winds, making it a top-end Category 2 hurricane. Zeta …