Author's posts
Vital Energy wraps up bond sales to finance $1.1 billion acquisition in the Permian Basin
As part of Vital Energy’s recent $1.17 billion in Permian Basin expansion, the Tulsa company announced the completion the sales of $900 million in a variety of senior notes to finance the deals. The first involved the sale of $500 million in 9.750% senior notes due 2030. They allowed Vital to enter into a …
FTC and Oklahoma AG sue Amazon accusing it of running a monopoly
With major distribution warehouses in Oklahoma City and Tulsa, Amazon was met with an antitrust lawsuit filed by Oklahoma and 16 other states who joined the Federal Trade Commission in accusing the giant company of running a monopoly. The Attorney General’s office did not issue a statement explaining why AG Gentner Drummond decided to …
ONEOK adds new directors following Magellan Midstream merger
The recent acquisition of Magellan Midstream by ONEOK, Inc. resulted in the creation of a new board of directors. ONEOK announced this week the election of Lori A. Gobillot and Wayne T. Smith as directors to the board, effective September 25, 2023. The 62-year old Gobillot will join the ONEOK board from the Magellan …
Canoo partners with Pawnee Nation for EV training
Canoo Technologies has established an agreement with the Pawnee Nation, based in Pawnee, Oklahoma, to identify and nurture emerging business and job opportunities in Oklahoma’s growing clean energy industry. “Our decision to locate our manufacturing in Oklahoma wasdriven in part by opportuities to work with tribal nations and others to further diversify local economies and to help create good …
Alaska Senator repeats his claim of energy favoritism by Interior Secretary
Alaska U.S. Sen. Dan Sullivan repeated his claim that while Interior Secretary Deb Haaland has put a hold on expanded oil and gas drilling in his home state, she has a policy of “drill baby drill” in her home state of New Mexico. In an interview Tuesday on Fox Business News, the Republican Senator …
Rep. Cole—American energy for American people
Oklahoma Congressman Tom Cole again declared that as a result of President Biden’s misguided and destructive energy policies, the nation is relaying on foreign nations for our energy needs. Writing in his weekly column, the Republican congressman said as a result of moratoriums on new oil, gas and coal leasing and permitting on federal …
Canadian firm acquires Arkansas land for more lithium plant expansion
Canada’s Standard Lithium just brought 118 acres in southern Arkansas where it has plans for a $1.3 billion lithium extraction and refinement plant to help supply batteries for electric vehicles. Based in Vancouver, British Columbia, Standard is one of a handful of companies focusing on development of lithium from the brine that makes up …
New Mexico solar credit program runs out of money
It seems thousands of New Mexico homeowners who sought a 10% state tax credit to offset the cost of their solar systems aren’t eligible. The state program offering the credit ran out of money. Empty pockets. And there’s not much they can do about it because once they’re locked out of the credit funding, …
Headlines of other energy stories
** Donald Trump’s on the warpath against his mortal enemy again, and it made a big splash on social media. The former president raged during a campaign speech in South Carolina that “windmills” are driving whales “crazy.” “Windmills are causing whales to die in numbers never seen before. Nobody does anything about that,” he declared. ** Ford Motor Co. …
US crude oil slipped below $90 a barrel in Monday’s trading
Crude oil prices in the U.S. dropped below $90 a barrel in Monday’s trading after Russia relaxed its fuel ban and investors eyed elevated interest rates that might affect demand. At the same time, Oklahoma energy stocks scored moderate gains on the day. West Texas Intermediate crude, considered the U.S. benchmark, fell 35 cents and …