After gaining indirect control of the U.S. utility FirstEnergy Corp this year, activist Carl Icahn and the board is reported to be considering divestitures to raise cash for the firm. Icahn already has indirect control of the board at Oklahoma City-based SandRidge Energy and the state’s CVR-owned Wynnewood Refinery. He recenty won seats on …
Lucas on Endless Frontier Act – The right intent but the wrong bill
Oklahoma Congressman Frank Lucas leveled another critical comment this week at the Biden administration’s Endless Frontier Act, one which he says doesn’t go far enough in development of more scientific research in the race against China. Lucas, the Ranking Member of the House Committee on Science, Space, and Technology didn’t think much of the Senate …
Northern Colorado county commissioners put up ‘welcome’ sign to oil and gas firms
Weld County, Colorado is considered the strongest energy county in the state and now its leaders have put up the “Welcome” sign to energy firms headquartered in Denver and other cities. Weld County Commissioners even wrote an open letter to Colorado’s energy industry leaders urging them to move to their county where they will …
Energy Transfer might not stop with Enable Midstream acquisition
After acquiring Oklahoma City-based Enable Midstream Partners, LP in a $7.2 billion deal in February, Energy Transfer LP leadership is now talking of expanding holdings. Energy Transfer’s co-founder and executive chairman Kelcy Warren said this week he was exploring possibly acquisitions in the chemicals business. He made he comments at a conference in North …
National experts to be brought in for I-40 bridge repair in Arkansas
The picture above shows the major crack in an I-40 bridge that spans the Arkansas and Tennessee sides of the Mississippi River. The bridge was shut down Tuesday as state highway engineers asked national experts to help repair the structure as quickly and safely as possible. Repairs to the six-lane bridge into Memphis could …
OGE’s Arkansas customers to get solar power
The first solar farm being built by Oklahoma Gas & Electric in Arkansas is expected to be in operation by the end of the year. Located near Branch, a community just east of Fort Smith, the 5-megawatt farm will sit on 40 acres. Once the farm becomes operational, any Arkansas customer of OGE will …
Biden’s energy sec says ‘pipe is best way’ to transport fuel
The backlash over what some now call the hypocritical comments of Energy Secretary Jennifer Granholm is growing.It came Tuesday when she was at the White House discussing the emergency surrounding the Colonial pipeline and a reporter asked whether rail tankers would be used to transport gasoline supplies to the East coast.“So this particular area of …
New officers picked at OERB
The Oklahoma Energy Resources Board (OERB) is announcing a new slate of officers and two new board members. David Le Norman was elected as the Chairman of the Board of Directors and Kristin Thomas was elected as the Vice-Chairman. David Le Norman is managing partner of Reign Capital Holdings LLC. He has more than …
8-week high hit by US crude oil prices
With another increase in Wednesday’s trading both in the US and in Europe, crude oil prices hit an eight-week high and approached the $70 a barrel mark overseas. Oklahoma energy stocks didn’t go with them. West Texas Intermediate crude went up 80 cents or 1.2% to finish the day at $66.08 on the New …
Ascent Resources Utica Holdings reports 1Q 2021 operating and financial results
The first quarter of 2021 for Oklahoma City-based Ascent Resources Utica Holdings was so strong that it not only generated $54 million of free cash flow but made enough to eliminate all debt maturities until the second quarter of 2024. The company reported adjusted EBITDAX of $240 million and net cash provided by operating …
