Devon Energy Corp. announced a change in the time and format for its 2020 Annual Meeting of Stockholders. Because of continued concerns about the COVID-19 pandemic, the Annual Meeting will be held solely by remote communication, in a “virtual-only” format. The previously announced date of June 3, 2020, has not changed, but the meeting will …
Only a handful of the 12 oil and gas companies that received emergency government aid given small businesses due to the coronavirus pandemic have returned the funding according to U.S. securities filings. The U.S. Treasury Department offered amnesty to public companies that return money they borrowed by May 18, saying it would deem they …
Oil production is tumbling quickly in the nation’s shale plays including the Anadarko basin of which Oklahoma is a part where the U.S. Energy Information Agency says it’s dropped by 28,000 barrels a day. The EIA’s Drilling Productivity Report shows the Permian basin will suffer the highest loss in June at 197,000 barrels a …
Crude oil prices in the U.S. rose again in Tuesday’s trading as West Texas Intermediate crude rose 68 cents and settled up 2% at $32.50 a barrel in trading on the New York Mercantile Exchange. But Brent Crude, the international benchmark fell 27 cents and finished at $34.54 a barrel in trading on the …
Citing the inability to hold public hearings due to COVID-19, the Oklahoma Corporation Commission delayed OG&E’s latest attempt to raise electric utility rates until later this year. “We appreciate the Corporation Commission taking into account the importance of public participation in such an important hearing. Consideration of the public’s health and safety during the COVID-19 …
A day after revealing in its quarterly financial report that it had sold its downtown Oklahoma City headquarters building, SandRidge Energy filed Real Estate Purchase and Sales Agreement with the Securities and Exchange Commission. In the Form 8-K, SandRidge showed that Robinson Park, LCC is the buyer of the 30-story office tower and annex with …
State Rep. Mickey Dollens, D-OKC, released the following statement in response to Gov. Kevin Stitt’s claim to media outlets that the governor had no authority over the Oklahoma Employment Security Commission. “In less than a month, the governor has gone from ‘give me another week’ to fix Oklahoma’s unemployment system to ‘the governor has …
In its continued effort to achieve 100% daytime solar energy, Kit Carson Electric Cooperative (KCEC) in northern New Mexico announced that its largest solar array to date has come online as of Thursday, May 14. The Taos array will deliver 3MW of solar energy – enough to power approximately 1,500 to 1,600 families in Kit …
Kansas City-based Evergy is committing $2.2 million to help agencies, communities and customers respond to and recover from the COVID-19 pandemic, bringing its 2020 planned community giving to more than $8 million. “We know our communities and customers are dealing with nearly unprecedented uncertainties due to this virus,” said Terry Bassham, Evergy President and …
The Petroleum Alliance of Oklahoma joined a broad coalition to praise Oklahoma Governor Kevin Stitt for signing Senate Bill 1875, the Oil and Gas Produced Water and Waste Recycling and Reuse Act. The act designates who owns and is responsible for produced water and waste from oil and natural gas drilling and production operations. “Providing …