OGE Energy Corp. announced that its Board of Directors has approved an increase in the company’s quarterly dividend to $0.4025 per share from $0.3875 per share, which represents growth of approximately 4 percent and equates to $1.61 per share annually. The increase is effective with the fourth quarter 2020 dividend and will be paid Oct. 30, 2020, to shareholders of …
** A federal judge rules William Perry Pendley has been working unlawfully as acting director of the Bureau of Land Management for 424 days without being confirmed by the Senate. ** United States Secretary of Energy Dan Brouillette criticizes renewable energy and pushes natural gas and nuclear power to provide “24/7 reliable energy” to California. ** The world’s first shipment of …
He wasn’t there for the U.S. House approval of the Democrats’ energy plan but Oklahoma Republican Rep. Markwayne Mullin said he would have voted no. He missed last week’s House vote because of supporting his son’s ongoing rehabilitation from a wrestling injury but issued a statement calling the Democrat plan a “partisan energy package.” …
When the COVID-19 smashed the oil patch and left tens of thousands of oil and gas workers unemployed, some made the leap to the renewable energy industry. CBS Money Watch has a story about what some North Dakota workers did when they were left on the unemployment lines. Click here to view the story.
A threat exists in the Permian Basin and Oklahoma City’s Devon Energy is one of those companies that might be feeling it. It’s a political threat and it has the attention of many in the oil and gas industry in southeast New Mexico and West Texas, not to mention stretching all the way to …
If Brook Simmons had any reservations or doubts about taking over the leadership of the Petroleum Alliance of Oklahoma in the middle of the COVID-19 pandemic, he didn’t express them. “I like to be optimistic,” he said in an interview with OK Energy Today, an interview conducted over the phone because of the new …
In a $2.56 billion all-stock merger, Oklahoma City-based Devon Energy Corp. has acquired Tulsa’s WPX Energy Inc., a move that will expand Devon’s presence in the Delaware portion of the Permian Basin across West Texas and New Mexico. The deal values WPX at $4.56 a share, just 2.7% higher than the stock’s closing price …
Energy stocks in Oklahoma and those with operations in the state might do better next week—-that’s no doubt the hope of the leaders and investors in those companies as trading came to an end on Friday. Alliance Resource Partners saw a one cent increase to $2.87 while Blueknight Energy Partners jumped more than 3% …
Oil futures edged lower on Friday, with both major benchmarks posting their third weekly decline in four weeks as worries about the demand outlook have grown in response to rising COVID-19 cases. West Texas Intermediate crude for November delivery fell 6 cents, or nearly 0.2%, to settle at $40.25 a barrel on the New York …
The magical question. Where is the oil and gas industry headed in Oklahoma? If anyone knew the answer, fortunes could be made. Misery could be ended in the industry, or in some cases, extended. “I think we’re bumping along the bottom here and I think our members are thinking about what the new world …
