Shareholders to vote June 18 on merger of Chesapeake Energy and Southwestern Energy

The shareholders meetings to vote on the January-announced merger of Oklahoma City’s Chesapeake Energy and Houston’s Southwestern Energy have finally been set and announced. In a proxy filing with the Securities and Exchange Commission, Chesapeake Energy said its virtual shareholders meeting will be held on Tuesday, June 18 at 10 a.m. Central time. Southwestern Energy’s …

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ONE Gas subsidiaries await more rate hike requests

  The nearly $32 million rate hike requested by Oklahoma Natural Gas isn’t the only such request made by ONG’s parent company, ONE Gas. In a powerpoint presentation made by ONE Gas, the Tulsa-based company identified it has 5 such requests under consideration by regulators in Texas, Kansas and Oklahoma. They total $102.2 million. Along …

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Economist repeats his criticism of Oklahoma’s energy law

  The University economist whose study of Oklahoma’s energy discrimination elimination act was flawed blames in part the short-sighted or “myopic” view of the legislators who created the law two years ago. Writing in the Sunday Oklahoma’s Viewpoint section, Dr. Travis Roach said legislators who crafted the Oklahoma Energy Discrimination Elimination Act failed to consider …

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Oil and gas rig growth reported in Oklahoma and the US

    The latest Baker Hughes rig report released on Friday showed Oklahoma’s number of active oil and gas rigs increased by one. The state’s total is 44 rigs,  compared to 51 rigs reported one year earlier. Nationally, the count gained one to 604. The growth included one more oil rig for a total of …

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OGE crews sent to Houston to help with power restoration after deadly storms

  Oklahoma Gas and Electric crews were sent to south Texas over the weekend to help with power restoration following last Thursday’s severe weatherthat left four persons dead in Houston A fleet of OG&E trucks left a staging area in Moore Saturday morning carrying more than 100 emloyees made up of line crews and support …

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Deadly intersection in Ada to get improvements

  State and tribal leaders announced Friday a dangerous intersection in Ada where fatal accidents have occurred over the years will be redesigned. Known as “Crazy Corner,” the intersection where two state highways and a busy railroad converge will be redesigned with funding from the Oklahoma Department of Transportation, the City of Ada, andthe Chickasaw …

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Crude oil prices finished up on Friday

    Crude oil prices gained ground for a third straight day in Friday’s trading, though not as dramatic as Thursday. Analysts say it’s a sign of improving demand in the U.S. and China. Oil prices rose on Monday, as signs of improving demand in the U.S. and China, the top two oil consumers, aided …

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Crude Prices Continue Gains; OK Stocks Mostly Higher

Crude oil prices gained ground for a third straight day in Friday’s trading, though not as dramatic as Thursday.   West Texas Intermediate crude for June delivery gained 7 cents to settle at $79.30 a barrel on the New York Mercantile Exchange.   Brent crude, the global benchmark, settled up 2 cents at $83.29 a …

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Let The Battle Begin: House Republicans Release New Farm Bill

Friday’s release of a new Farm Bill represents the start of what figures to be a bitter partisan battle.  The Republican chair of the Agriculture Committee is proposing a five-year bill that sets up confrontations over conservation and nutrition programs.   Oklahoma’s Third District Republican Congressman Frank Lucas is a former chair of the committee …

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Permitting Process Gets Underway For Louisiana LNG Export Project

The Federal Energy Regulatory Commission has approved plans by Gulfstream LNG Development to start the permitting process for a project in Louisiana.   The 418-acre location in Plaquemines Parish offers about three miles of deepwater Mississippi River frontage.   Continue reading…