Author's posts
Devon misses 1Q revenue
Devon Energy CEO Clay Gaspar called the first quarter another “strong quarter” for the company as the firm exceeded earnings expectations. But it also fell short on revenue as shares decline 1.6% after the Oklahoma City company announced its report on Tuesday. Devon reported production averaged 833,000 barrels of oil equivalent a day during the …
EV batteries and cold WX
AAA’s latest study shows extreme temperatures reduce efficiency, range, and increase operating costs for electric vehicles (EVs) and hybrids. Researchers tested six vehicles at cold, moderate, and hot temperatures to examine how electrified powertrains perform under non-ideal conditions. This information is intended to help consumers better understand how temperature can affect vehicle performance, inform purchasing …
Bill targets solar tax exemptions
The House on Monday passed a bill that would prohibit solar generation facilities and battery energy storage systems (BESS) from qualifying for the five-year manufacturer ad valorem tax exemption beginning in January 2028. Rep. Mike Dobrinski, R-Okeene, is the House author of Senate Bill 237. “Huge international energy developers do not need to be subsidized by …
Energy briefs–Iran wants to talk
Ship attacked in Strait ** French shipping group CMA CGM said on Wednesday that one of its vessels, the San Antonio, had been targeted in an attack while transiting the Strait of Hormuz, resulting in injuries among crew members and damage to the vessel. The incident, which CMA CGM said occurred on Tuesday, is the latest disruption …
Dell’Osso new leader of Gulfport Energy
When Dominec “Nick” Dell’Osso, Jr. left Expand Energy following its February announcement to move headquarters to Houston, Texas, he didn’t have far to go to his next executive leadership position. He’s staying in Oklahoma City. Gulfport Energy Corporation announced Tuesday he has been appointed President and Chief Executive Officer, effective May 28. “Nick is a …
Tensions ease–oil prices fall
A day after Iranian speed boats were sunk following their attack on some of the ships being escorted by the U.S. Navy through the Strait of Hormuz, tensions eased somewhat and as a result crude oil prices settled downward. Prices had jumped 4% to 6% on Monday but Tuesday, the U.S. gave assurances that Project …
Legislators oppose smelter
A proposed $4 billion aluminum smelter to be located at Inola has picked up more Oklahoma legislators who oppose the project. Sen. Dusty Deevers, R-Elgin, signed Tuesday onto one of the two resolutions filed in the House and Senate in opposition to the project that received state incentives for construction of what would be the …
Merger finalized for Devon Energy
A day before releasing first quarter earnings, Devon Energy and Coterra Energy announced this week that shareholders of both companies approved all proposed require to complete their previously announced all-stock merger. It means the merger is set to close on or around May 7, which is Thursday of this week. At a special meeting of …
Growing data center opposition
A new national study finds that data center opposition has surfaced now in 37 states, including Oklahoma and the number is growing at the rate of nearly one every day. As we’ve reported for more than a year, the opposition in Oklahoma has been with determination by residents in several cities who denounced the …
Energy briefs: Warning to Iran
World warns Iran ** Tensions are rising in the Gulf again after the United Arab Emirates said it intercepted 15 missiles and four drones fired from Iran and warned that it reserves the right to respond to the “treacherous” attacks. The attacks on Monday mark the first time the UAE has been targeted since Iran and the …