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Energy companies change focus from natural gas to oil Published: Sun, May 27, 2012 Many energy companies have taken on sizable debt in recent years as they have tried to refocus on oil instead of natural gas. Read More
Retail beef, chicken, pork prices continue to climb Updated: Fri, May 25, 2012 The money you're saving on gasoline may go toward buying steaks, ribs and chicken for the barbecue. Meat prices are expected to rise faster than overall food costs in 2012. Read More
Oil falls below $90 a barrel Published: Thu, May 24, 2012 The price of oil dropped below $90 per barrel Wednesday, the latest milestone in a weekslong decline brought on by uncertainty surrounding economies from Europe to China. Read More
Natural gas prices' rise stirs optimism Updated: Tue, May 22, 2012 The price of natural gas has rebounded more than 40 percent from less than $2 per thousand cubic feet last month. While the price is still well below a comfortable level for the industry, Oklahoma experts say it is leading producers to breathe more easily and consider increasing production again. Read More
Chesapeake details spending plan Published: Wed, May 23, 2012 A Chesapeake vice president on Tuesday addressed concerns about the company's drilling budget at the UBS Global Energy & Gas Conference. Read More
Oklahoma Gas & Electric customers will see lower bills from fuel adjustment Published: Tue, May 22, 2012 Oklahoma Gas and Electric Co. residential customers can expect to pay about $1 less each month under a two-step plan to lower fuel costs but increase interim electricity rates. The utility made the move as it awaits a decision in a pending rate case where it asked to boost rates by $72 million. Read More
Most OG&E customers should see electric bills decrease under interim plan Updated: Mon, May 21, 2012 Oklahoma Gas and Electric Co. said lower natural gas prices will allow it to reduce fuel charges by $50 million even as it increases electricity rates by $24 million. The utility made the interim move as it awaits the outcome of its rate case filed last year at the Oklahoma Corporation Commission. OG&E is seeking a... Read More
Expect lower gas prices for Memorial Day holiday Published: Sat, May 19, 2012 Weak demand at pump lowers cost, analysts say Read More
Lower oil prices ease load on consumers in U.S. Published: Thu, May 17, 2012 Oil and gasoline prices are sinking, giving relief to businesses and consumers who a few weeks ago seemed about to face the highest fuel prices ever. Read More
Chesapeake filing may put asset sales in doubt Published: Fri, May 11, 2012 Chesapeake Energy Corp. may not be able to carry out up to $14 billion in planned asset sales because of low natural gas prices and its loan obligations. Read More
High supplies of crude drive oil prices down Published: Thu, May 10, 2012 Prices have been declining in reaction to new doubts about Europe's ability to fix its economy and disappointing jobs growth in the U.S. And as slowing economies temper the demand for oil, the amount of crude in storage rises. Read More
Aubrey McClendon's 2009 contract bars him from directing hedge funds Updated: Tue, May 8, 2012 In 2009, Chesapeake revised its contract with CEO Aubrey McClendon to ban him from taking an active role in a hedge fund about a year after McClendon's hedge fund dissolved. Read More
By the numbers: Fiscal year 2013 Oklahoma City budget Updated: Tue, May 8, 2012 -$952 million: Total proposed Oklahoma City budget for fiscal year 2013 -$183 million: Police Department budget, the biggest of any city department. -$5 million: Approximate value of assets forfeited by criminals funneled into police budget. -$771,000: Cost to add 12 new patrol officers. -$124 million: Fire... Read More
Gas prices likely won't set record this summer Published: Wed, May 9, 2012 Gasoline prices likely won't set any records this summer, thanks to a recent drop in the price of oil. Read More
Text of email sent to Chesapeake employees by CEO Aubrey McClendon Updated: Tue, May 8, 2012 Chesapeake Energy Corp. CEO Aubrey McClendon sent an email Monday to all company employees offering his insight on the "distractions" facing the company over the past few weeks: Dear Fellow Chesapeake Employees: Good morning to each of you. Given the scrutiny the company and I have been under during the past... Read More
Chesapeake and shareholders have butted heads before Updated: Sun, May 6, 2012 Chesapeake and McClendon: Recent revelations about Aubrey McClendon’s finances aren’t the first time shareholders have complained about Chesapeake Energy’s corporate governance practices. Read More
It was quite a week for natural gas in Oklahoma Published: Sun, May 6, 2012 WHAT a week for natural gas in Oklahoma — and we're not referring to Chesapeake Energy's troubles. On Monday, Gov. Mary Fallin joined 12 other governors in an appeal for automakers to produce more affordable vehicles that run on compressed natural gas. A day later, Love's Travel Stops rolled out plans for a... Read More
Jobs report sends oil to lowest price in six months Published: Sat, May 5, 2012 Motorists watch pump prices, look forward to filling up with cheaper gasoline. Read More
Devon reports earnings of $393M for first quarter Updated: Thu, May 3, 2012 Devon Energy Corp. reported net earnings of $393 million, or 97 cents a share, for the first quarter, with oil and natural gas production increasing 10 percent to 694,000 barrels of oil equivalent per day. Read More
Oklahoma's economy continues to do well, state treasurer says Updated: Wed, May 2, 2012 Low natural gas prices still are a cause for concern, but overall Oklahoma's economy reflects health and resilience, he says. Read More
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