Things turned around for Denver-based Cimarex Energy as the company reported fourth quarter 2020 net income of $24.7 million or 25 cents a share. It came after the company also reported its entire 2020 loss totaled more than $1.9 billion or $19.73 compared to the 2019 net loss of $124.6b million or $1.33 per …
Oklahoma City’s Chesapeake Energy took further steps this week to shore up its economics after emerging earlier in the month from Chapter 11 bankruptcy in a Houston, Texas federal courtroom. The company filed a Form S-8 with the Securities and Exchange Commission in which it registered 6,800,000 shares of common stock valued at a …
Oklahoma legislators joined the rush this week to begin investigations into the bills that Oklahomans might face as a result of the rolling blackouts and extreme natural gas costs during last week’s historic cold weather. Oklahoma House of Representatives Utilities Committee Chair Rep. Garry Mize, R-Guthrie, announced Monday his committee intends to hold hearings to …
Pro-gas legislation is growing in several states as legislatures move to prevent natural-gas bans on new construction. Oklahoma is one of them. As National Public Radio reported, the gas industry is fighting to stay alive amidst the climate change struggle. Click here for NPR story.
In a case directly involving at least one Oklahoma refinery, the federal government came out this week in support of the ethanol industry in a fight over biofuel waivers granted to oil refineries by the Trump administration. The Environmental Protection Agency announced its stand on Monday but the impact of the support on a …
Writing in USA Today, contributor Jason Hayes has another opinion about the massive power failure in Texas—that the state’s renewable energy sources were so large because of state mandates and federal subsidies and in turn, it led in part to the deadly situation. He says the outages were “inevitable.” “Over a decade of misguided …
Oklahoma Attorney General Mike Hunter took to the National Review this week to express his views over President Biden’s killing of the Keystone XL pipeline. “Killing the Keystone XL pipeline does no tangible good and will doubtless cause harm to countless Americans, and even to the environment that the decision pledges to protect,” he wrote …
Investors in Occidental Petroleum Corp were in for a shock on Monday when the company posted a larger-than-expected fourth-quarter loss. Even though oil and gas prices rose during the quarter, the company still posted a $731 million loss compared with a loss of $269 million in the same quarter a year earlier. Click here …
