Helmerich and Payne’s losses increased to 59 million in the fourth quarter that ended September 30, 2020 which represented 55 cents for diluted share. The company’s third quarter losses were $46 million. The fourth quarter operating revenues for the Tulsa-based company were down to $208 million from the $317 million for the quarter that …
Manufacturing activity in Oklahoma and other states that make up the 10th District of the Federal Reserve Bank of Kansas City continues to grow but only modestly. The November Manufacturing Survey, according to Chad Wilkerson, vice president and economist at the bank showed manufacturing activity is still below levels of a year ago but …
While oil futures fell Thursday apparently because of concerns about new restrictions on growing numbers of COVID-19 cases across the U.S., energy stocks surrendered gains made earlier in the week. Investors apparently are worried the restrictions will only weaken energy demand even more. West Texas Intermediate crude finished down 12 cents at $41.62 per …
As they sat divided by newly-installed plexiglass partitions, Oklahoma Corporation Commissioners on Thursday voted to extend their COVID-19 restrictions and precautions. Two of the commissioners, Bob Anthony and Dana Murphy wore masks as required under this week’s executive order issued by Gov. Kevin Stitt. Commission chairman Todd Hiett did not wear a mask as …
The latest rig count supplied by Enverus, the Austin, Texas-based data analytics firm showed an increase of 11 active rigs nationally in the past week. The report showed a total of 381 oil and gas rigs in operation across the U.S. as of Nov. 18. Enverus stated that the rig count jumped 16% in …
Republican legislators in a Utah legislative committee want to do what Oklahoma did and have voted to make sure the state doesn’t go the way of California by banning natural gas connections to new homes. A bill to prevent such a ban in Utah was approved this week on a straight party-line vote, according …
The Biden transition team has reportedly started the vetting process for New Mexico Democratic Congresswoman Deb Haaland to possibly become the Interior secretary. POLITICO reported the process started on Tuesday following reports that the clean energy advocate and member of the Pueblo of Laguna tribe in New Mexico would be a possible candidate for …
Oklahoma U.S. Senators Jim Inhofe and James Lankford might get a chance before year’s end to get the Federal Energy Regulatory Commission back to full strength. The Senate Energy Committee voted Wednesday on a voice vote to send FERC nominees Allison Clements and Mark Christie to the full senate. Several senators were recorded opposing …
An oil and gas group in Colorado is urging the governor to consider all stakeholders and not target the oil and gas industry in designing a Greenhouse Gas Pollution Reduction roadmap. The American Petroleum Institute Colorado, in a public comment to the plan announced Sept. 30 by Gov. Jared Polis said the plan should …
** A federal appeals court denies a request to stop work on the Mountain Valley Pipeline, upholding an agency’s finding that the pipeline won’t significantly affect endangered and threatened species according to the Roanoke Times. ** More than 100 green groups signed onto a letter Wednesday urging top appropriators on the Hill to remove a provision in the Senate’s latest …
