November 2, 2021 archive

Completion reports for November 2, 2021

completions: none were processed today

Permits to drill for November 2, 2021

permits: none were processed today

Chesapeake Energy reports improved earnings for 3Q

  Chesapeake Energy reported its third quarter operations generated $443 million in operating cash flow allowing the company to end the quarter with $849 million cash on hand. Chesapeake’s Board of Directors increased its base quarterly dividend on its common shares to $0.4375 per share, representing a 27% increase compared to the previous dividend amount. …

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ONEOK records big jump in 3Q earnings

  A 26% increase in net income to $392 million and 88 cents a share dividend for ONEOK Inc in the third quarter prompted the company to increase its guidance for the remainder of the year. ONEOK’s big jump in earnings compared to the third quarter 2020.   The company reported a 16% increase in …

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Crude oil prices slip in US and remain steady in Europe

  While the world’s leaders talked global climate change in Glasbow, Scotland, crude oil prices dropped in the US and barely managed to hold even in Europe. Oklahoma energy stocks struggled during the day. West Texas Intermediate crude for December delivery dropped 14 cents or 0.17% to $83.91 a barrel. Global benchmark Brent crude for …

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Cash flows to record amounts for Devon Energy

  Devon Energy’s third quarter earnings were so strong, the company said it intends to offer a $1 billion share buyback as a result of the markedly improved quarter. The company’s net earnings were $838 million or $1.24 per diluted share for the quarter and adjusted core earnings were $733 million or $1.08 per share. …

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Turnaround made by ConocoPhillips

  From a third quarter 2020 loss of $0.5 billion and 42 cents a share to earnings of $2.4 billion and $1.78 in the third quarter of 2021—it’s what ConocoPhillips reported this week. What a difference a year made for the Houston-based company with many connections to Oklahoma. The company announced that excluding special items, …

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Rep. Lucas critical of Biden’s methane emissions rules

  “Heavy handed regulatory approach” and “unnecessary government mandates,”—-it’s what Oklahoma Congressman Frank Lucas calls the Biden administration’s new proposed methane emissions regulations that came out Tuesday. As the ranking Republican on the House Committee on Science, Space, and Technology, Rep. Lucas said the new methane rule is simply a burden on America’s smaller domestic producers. …

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Massive solar farm planned at Kansas City’s airport

  Kansas City unveiled plans to build a 2,000-acre solar farm at the Kansas City International Airport making it one of the largest such installations in the nation. The City Manager says it’s not a question of if but how the city is going to proceed reports KCUR radio. Click here for KCUR Radio report. …

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Energy headlines for Wednesday

** The refusal of OPEC+ to increase crude oil production is affecting America’s working class, President Biden said at a news conference following the G20 meeting in Rome. The comments made by the U.S. President were later the same day echoed more bluntly by Energy Secretary Jennifer Granholm, who directly blamed the OPEC cartel for keeping …

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