After reporting $1.7 billion in cash flow in the fourth quarter of 2023, the highest in the past year, Oklahoma City’s Devon Energy plans a release of its first-quarter 2024 results in slightly more than a month. The company announced it will release the quarterly results on Wednesday, May 1 after the close of U.S. …
** Eastern seaboard ports are preparing to accept shipments of goods being rerouted from the Port of Baltimore following the collapse of the Francis Scott Key Bridge early Tuesday morning. Port officials and private-sector distributors told The Hill that plans to divert cargo shipments are in the works due to the suspension of vessel traffic …
If President Biden’s decarbonization plan works as intended, it might mean corn will be replaced as the king of all crops in the U.S. Under his plan, huge government subsidies will be offered to boost demand for soybean oil which is key to renewable diesel production. It could result in soybeans becoming the number …
The 25th anniversary of the nation’s only underground site to hold radioactive waste was observed Tuesday in southern New Mexico. It was near Carlsbad where federal officials gathered to mark the occasion. The Waste Isolation Pilot Plant, built a half-mile deep in an ancient salt formation, has received 13,850 shipments from more than a …
Can’t wait until Sunday when temperatures hit the 80s? It’ll be far from the freezing weather the state experienced Tuesday morning. Oklahoma Climatologist Gary McManus wrote that the state has a history of cold, cold weather in March. He noted in his Tuesday morning Oklahoma Mesonet newsletter that for some, the freezing temperatures …
Not only did crude oil prices settle lower on Tuesday but Oklahoma energy stocks did as well. Observers say the fall in crude happened after investors re-thought the impact of Russian refinery capacity in the country’s war with Ukraine. West Texas Intermediate crude finished down 33 cents or 0.4% at $81.62 a barrel on …
The tragic tanker collision that brought down the Baltimore, Maryland bridge and perhaps claimed six lives was a stark reminder of a similar incident that occurred 22 years ago in eastern Oklahoma. However, instead of half a dozen lives lost, 14 people were killed when a barge hit the I-40 bridge over the Arkansas …
“BlackRock has never supported divesting from traditional energy firms.” That’s the claim BlackRock’s Larry Fink made in his annual letter to employees as the company fights claims in Oklahoma and other oil and gas producing states that the firm’s ESG policies are discriminatory. Entitled “Time to Rethink Retirement,” the lengthy letter included Fink’s comments about …
Canoo, the EV manufacturer in Oklahoma City, is taking advantage of a competitor’s bankruptcy and acquiring its manufacturing equipment to be used in Oklahoma. Canoo has acquired what is labeled as “advanced” manufacturing equipment from bankrupt commercial EV startup Arrival headquartered in Europe. A report indicates that the equipment is packed into more than 20 …
An investigation by Reuters into the nation’s lithium development found a confusing mix of who might regulate such large projects as those in southern Arkansas’ Smackover play. It found for example that in Oklahoma, no one seems to know who might regulate any lithium projects. The Oklahoma Corporation Commission contends it has no …