** Berkshire Hathaway will take full ownership of Berkshire Hathaway Energy, after Warren Buffett’s conglomerate agreed to acquire the 8% it did not already own from the family of late billionaire philanthropist Walter Scott. ** Three environmental groups sue Montana regulators for approving an expansion of the Bull Mountain Mine that they say threatens water supplies …
Tinker crews give bright orange paint to B-52 bomber
As a fan of airplanes, I couldn’t resist posting the picture of this B-52 bomber taking off from Tinker Air Force base. The glowing orange paint-job caught the attention of others too, including the War Zone. Click here for more about the photograph and who took it.
Ascent Resources offers $600 million in senior notes
Ascent Resources Utica Holdings, LLC announced a nearly $600 million offering of senior notes. The Oklahoma City energy firm said the offering, together with its whollly-owned subsidiary, ARU Finance Corporation, is a cash tender offer of its outstanding 7% Senior Notes due 2026. The offering totaled $597 million in available notes. The Purchase Price …
Iranian missile attack on Israel sent crude oil prices upward 3%
Iranian missiles were fired Tuesday against Israel following Israel’s campaign against Tehran’s Hezbollah allies in Lebanon and the action sent crude oil prices upward. Prices gained nearly 3% as investors and traders worried that Israel might retaliate with an attack of its own missiles against Iran’s oil production and export facilities. One military expert said …
Regulators to consider approval of PSO’s $730 million gas plant acquisition
Oklahoma Corporation Commissioners will meet Wednesday for a regular meeting and consider whether to approve Public Service Company’s $730 million acquisition of Green Country Generating Facility. As outlined by company executives in their filing with the commission (PUD2024-000057), the purchase of the Jenks natural gas plant will mean higher rates for customers. In her …
Finally—-merger is completed by Chesapeake Energy and Southwestern Energy
More than 9 months after Chesapeake Energy announced a more than $7 billion merger with Houston-based Southwestern Energy company, the deal is complete. The merger means the name, Chesapeake Energy, will no longer exist but will remain in Oklahoma City. Trading on the NASDAQ under the new name, Expand Energy Corporation, will begin Wednesday, …
Williams’ Transco receives Permian Basin gas shipments from new Matterhorn Express pipeline
The flow of natural gas from the Matterhorn Express Pipeline into the Williams’ Transco pipeline was reported Tuesday. It was considered a major development for the transportation of gas out of the Permian Basin and equally a significant move for Williams, the Tulsa-based company. The Matterhorn stretches 580 miles, moving gas from the Waha hub …
Legislator says Corporation Commissioner Hiett’s drunkenness is a “dark spot” on state government
Rep. Tom Gann, the legislator who was joined by two others in trying to stop Corporation Commissioner Todd Hiett from voting in ONG, OG&E and PSO cases following allegations of sexual assault and public drunkenness, says it was Hiett’s “extremely disturbing” drunkenness that prompted him to go to the state Supreme Court. While …
Energy workforce study shows gradual workforce recovery
The Energy Workforce & Technology Council announced the release of the 2024 Workforce Report developed in collaboration with Accenture. The report provides a detailed analysis of the current state of employment within the energy services sector, focusing on job growth, workforce composition, and granular insights into diversity metrics. The 2024 Workforce Report offers a comprehensive overview of …
Southwest Power Pool announces executive changes
Some changes in the leadership of the Southwest Power Pool were announed this week. Michael Desselle, vice president and chief compliance and administrative officer, will retire from SPP effective January 2, 2025. He joined the organization in 2006 and has more than 40 years of experience in the energy industry. “We’ll definitely miss Michael,” …
