A possible money wrench has been thrown into the plans of billionaire Harold Hamm to take his Continental Resources oil and gas company back private. A class-action lawsuit has been filed by a company shareholder who contends the $70 a share offer made by Hamm in June is too low—way too low. Since Hamm …
NextEra wins Appeals Court ruling for transmission line in Texas
The week has been one of court rulings for NextEra Energy. Some it won and some it lost. One big victory came in the 5th U.S. Circuit of Appeals Court which says NextEra should have the right to build a transmission line across East Texas. The ruling said Texas must allow competition for the …
Williams to be part of Barclays CEO conference
The upcoming 2022 Barclays CEO Energy-Power Conference will include participation by Williams Cos. leader Alan Armstrong. Armstrong, Williams President and Chief Executive Officer will be joined by Chief Financial Officer John Porter in the Wednesday, September 7 conference in New York City. Armstrong is scheduled to present at the conference at approximately 10:20 …
Chesapeake Energy makes changes in stock warrants
Chesapeake Energy announced some changes this week in its previously announced exchange offers regarding its outstanding warrants for company shares. The Company has extended the offering period for each Offer until 11:59 p.m. (New York City time) on September 30, 2022. Chesapeake’s common stock, Class A warrants, Class B warrants and Class C warrants are listed on …
Cushing crude stocks dropped in late August
After a slight increase earlier in August, the Cushing hub’s stock crude oil dipped again in late August. The latest report from the U.S. Energy Information Administration showed Cushing held 25,284,000 barrels of crude oil as of August 26. It was a decline from the 25,807,000 barrels reported as of August 19. Crude stocks …
Gasoline prices continue their fall
While U.S. wholesale gasoline prices dropped to their lowest levels since before Russia’s war against Ukraine on Wednesday, prices fell to an average $3.43 a gallon in Oklahoma. U.S. gasoline futures fell as low as $2.58 a gallon, the lowest price since Feb. 18 before Russia invaded Ukraine. Oklahoma’s average of $3.43 compared …
Headlines
** A group of 34 Democrats and 16 Republicans in the U.S. House wrote a letter to President Joe Biden on Thursday expressing their concerns about the administration’s efforts to revive the Iran Nuclear Deal. ** U.S. wholesale gasoline prices fell to their lowest levels since before Russia’s invasion of Ukraine on Wednesday, suggesting motorists …
Crude oil prices dropped again and so did OK energy stocks
Growing worries that the global economy will only worsen because of China’s renewed COVID-19 restrictions sent crude oil prices slumping even more on Wednesday. Oklahoma energy prices ended up with a weak day of trading. West Texas Intermediate crude for October delivery dropped $2.09 to $89.55 a barrel on the New York Mercantile Exchange. …
Some areas of Oklahoma missed out on rain in the past week
Where the rain fell and where it didn’t in Oklahoma over the past week. Take a look at the Oklahoma Mesonet map showing rainfall amounts and you might start understanding why the drought persists in the western part of the state.
LSB Industries to be part of Credit Suisse conference
Leadership at Oklahoma City’s LSB Industries, Inc. will take part this month in the Credit Suisse 35th Annual Specialties & Basics Conference. Executive Vice President & CFO Cheryl Maguire will seek new investors at the event on Wednesday, September 14 starting at 8:30 a.m. CT. Maguire will be available for one-on-one meetings all day. …
