Chesapeake Energy Corporation’s annual meeting has been set for Thursday, June 8 and it will be totally a virtual meeting. Starting at 10 a.m. Central Time, the meeting agenda includes the usual selection of members to the board of directors, the approval of executive officer compensation, frequency of advisory votes for such compensation, and …
Mammoth Energy records 87% gain in 1Q total revenue
Mammoth Energy’s first quarter proved to a strong one for the Oklahoma City-based company as it reported total revenue was up 87%, reaching $116.3 million. It compared to $62.3 million recorded a year earlier. The more than $116 million was also a 13% improvement over the fourth quarter 2022 total revenue of $102.9 million …
Bice introduces bill to stop Biden’s controversial new mortgage plan
Oklahoma Congresswoman Stephanie Bice is one of the key Republicans behind legislation to stop a new Biden administration rule that if put into effect would force lower-risk mortgage borrowers to help subsidize lower rates for the high-risk borrowers. Bice is vice chair of the Republican Main Street Caucus and told Fox News Digital that …
Keystone pipeline searched for other potential leak sites
Keystone Pipeline operator TC Energy admits it is investigating other possible sites that could potentially be sources of a leak like that big one that occurred last December in northern Kansas. The company is looking for areas of the pipeline with characteristics similar to the one near Washington, Kansas where 12,000 barrels of crude …
Other energy highlights
** A lawsuit by environmentalists seeking to block the 2021 sale of Gulf of Mexico oil and gas leases auctioned off by the federal government was rejected Friday by a federal appeals court in Washington. Energy companies including Shell, BP, Chevron and ExxonMobil offered a combined $192 million for drilling rights on federal oil and gas reserves in the …
AAA forecasts big summer travel season and with it—higher gasoline prices
AAA says the coming months promise to be a very busy summer for travel, even though we’re a month away from the Memorial Day holiday and the unofficial kickoff to the summer driving season. The automobile agency reported this week that international travel bookings this year are already up 200% compared to 2022 and …
Crude prices made slight rebound while OK energy stocks regained lost ground
After 4% losses on Wednesday, crude oil prices enjoyed a small rebound in Thursday’s trading following an announcement by a top Russian official who said global oil markets were balanced. The comments by Russian Deputy Prime Minister Alexander Novak caused a 46 gain for West Texas Intermediate Crude which settled at $74.76 a barrel …
Sen. Mullin blasts Energy Secretary’s idea of an all-electric military
Energy Secretary Jennifer Granholm’s call this week for an all-electric U.S. military drew a heavy critical response from Oklahoma U.S. Sen. Markwayne Mullin who called her idea “ridiculous.” It was during a U.S. Senate Armed Services Committee hearing Wednesday where Granholm said that she supports efforts from the Biden administration to require the U.S. …
Texas legislature moves to stop any ban of gasoline powered engines
Just as the state of Colorado could be considering a ban on gasoline powered lawnmowers and leaf blowers, the Texas legislature is doing just the opposite. Legislation to make sure gasoline and diesel-powered engines can never be banned was approved this week in the Texas House of Representatives. KOSA TV in Austin reported the …
Oklahoma’s Aerospace and Defense Industry to be highlighted at annual event
Oklahoma’s annual Aerospace and Defense Industry Day will be held May 16 in Midwest City on the Rose State College campus. Many of the state’s top aviation and aerospace entities have participated in past Aerospace Days. The special day will be hosted by the U.S. Air Force’s Strategic Alternate Source Programming Office. This year’s …
