The US Energy Information Administration released its short-term energy outlook this week, outlining the country’s energy production in 2019 and future production in 2020. According to an article published by Power Technology, Brent crude oil prices averaged at $64 a barrel in July 2019, falling from $74 a barrel in July 2018. The EIA estimates …
The Oklahoma Transportation Commission meeting on Monday included updates on a federal transportation funding bill in Congress, approval of a contract for a major upgrade to US69/75 in southeastern Oklahoma, the recent opening of the new Purcell-Lexington bridge and presentation of an industry award for an Oklahoma Department of Transportation public online mapping tool, according …
The Oklahoma Aeronautics Commission recently voted to approve $300,000 to conduct a study at the Tulsa International Airport which may lead to the construction of a new air traffic control tower, according to a report published Thursday in The Journal Record. The Federal Aviation Administration will analyze the necessity and cost justification for a new …
Oklahoma City-based Panhandle Oil and Gas reported net income grew to $15.4 million or $0.92 per share for its third quarter ending June 30, 2019. This compares to $14.1 million or $0.83 per share for the same period in 2018, according to a company press release issued on Thursday. Panhandle also reported royalty interest oil, …
Despite posting a $2.9 million net loss for the second quarter of 2019, Houston’s CSI Compressco LP remains optimistic that the company is headed in the right direction as revenue increased sequentially by 31 percent, according to a company press release. The company posted a net loss of $12.5 million in the first quarter of …
With support from major stakeholders, Houston-based Halcon Resources Corporation voluntarily filed for Chapter 11 bankruptcy protection on Wednesday, according to a company press release. The beleaguered energy company previously filed for bankruptcy in 2016 but continued to struggle following its initial restructuring efforts. The new plan will allow Halcon to emerge from bankruptcy within 60 …
