PSO received the Emergency Response Award, one of the highest awards in the electric utility industry, from the Edison Electric Institute (EEI) for its response to the Father’s Day windstorm of 2023. “The EEI Emergency Response Award is a great honor and a fitting tribute to the unwavering commitment of the team that worked …
Oklahoma State Treasurer Todd Russ is fighting back against a lawsuit filed against him over his enforcement of Oklahoma’s anti-ESG law that is aimed at financial firms who discriminate against the oil and gas industry. In a filing with the Oklahoma County District Court where the lawsuit was filed in November 2023 by a …
As chairman of the House Science, Space and Technology Committee, Oklahoma congressman Frank Lucas wants an update from NASA on the Artemis program. It’s the effort to return to the moon, or as NASA described it: “With Artemis missions, NASA will land the first woman and first person of color on the Moon, …
Here’s how other news groups reported the merger of Chesapeake Energy and Southwestern Energy. The New York Times headlined it: Top Natural Gas Producers Announce Multibillion-Dollar Merger The deal, between Chesapeake Energy and Southwestern Energy, would create one of the largest energy producers in the United States. The Wall Street Journal took this view: Chesapeake, …
The $7.4 billion merger announced Thursday between Chesapeake Energy and Southwestern Energy, while agreed upon by leaders of the two big natural gas producers, has yet to be finalized by shareholders of the two large firms. Proxy statements are to be filed with the Securities and Exchange Commission where shareholders will have an opportunity …
Chesapeake Energy is staying in Oklahoma City. It is part of the $7.4 billion merger announced Thursday with Southwestern Energy Company of Houston, Texas. The two formally announced their agreement to merge in an all-stock transaction with a value of $6.69 per share based on Chesapeake’s closing price as of January 10. The announcment …
** Rental firm Hertz Global Holdings said on Thursday it would sell about 20,000 electric vehicles from its U.S. fleet due to higher expenses related to collision and damage, and will opt for gas-powered vehicles. ** Hawaii shut down its last coal plant on September 1, 2022, eliminating 180 megawatts of fossil-fueled baseload power from the …
Oklahoma’s Cushing Hub was not part of the unexpected build in national crude oil stocks in the past week, a build that sent crude prices down about $1 a barrel in Wednesday’s trading. While the nation’s crude oil storage gained a surprise 1.9 million barrels, reaching 787.4 million barrels, Cushing’s total fell half a …
An unexpected jump in U.S. crude stockpiles sent oil prices tumbling by a dollar a barrel on Wednesday. Oklahoma energy stocks fell as well. US benchmark, West Texas Intermediate crude futures dropped 87 cents or 1.2% to $71.37 a barrel on the New York Mercantile Exchange. Brent crude, the global benchmark, fell 79 cents or …
If you’re not prepared for the Arctice blast of winter weather to arrive on Monday, you might have the weekend to get ready. The state is bracing for the extreme weather to hit and Oklahoma Climatologist Gary McManus Monday “will be the most dangerous day.” So it means if you work outdoors, which …