The count remains unconfirmed but possibly up to three dozen or more tornadoes hit Oklahoma on Saturday, leaving four persons, one a baby, dead in the town of Holdenville and heavy destruction in the southern towns of Sulfur, Ardmore and Marietta. Two of the deaths happened in Holdenville, located about 75 miles southeast of …
The derailment of 35 rail cars and following explosion and fire resulted in a shutdown of Interstate 40 for most of the weekend in western New Mexico near the Arizona state line. The closure involved a nearly 50-mile stretch of the interstate because six of the derailed BNSF Railway cars were carrying propane. The …
Led by Georgia Republican Congressman Andrew Clyde, some 30 House Republican Representatives are going after President Biden’s latest regulations to put gas-powered vehicles out of business. No Oklahoma House members were part of the effort on Friday to file the bill under the Congressional Review Act, a law dating back nearly three decades that …
Oil prices ended Friday with gains for the day, largely because of the growing tension in the Middle East. West Texas Intermediate rose 28 cents or 0.34% to close at $83.85 a barrel on the New York Mercantile Exchange. Brent crude finished up 49 cents or 0.55% to $89.50 a barrel on ICE Futures Europe. …
Kinder Morgan declared force majeure after one of its west Texas natural gas pipelines caught fire and burned for most of Friday. The Houston company filed a notice of its force majeure declaration for part of the Lockridge Lateral segment of the Natural Gas Pipeline of America system. Click here for Reuters
Awaiting Federal Trade Commission review of its proposed more than $7 billion merger with Southwestern Energy, Oklahoma City’s Chesapeake Energy is moving ahead with its annual shareholders meeting. However, shareholders at their Thursday, June 6, 10 a.m. central time virtual meeting will not be asked to vote on the proposed merger which is an …
Second quarter earnings came in below expectations at Tulsa’s Helmerich & Payne and company leadership blames a weak natural gas market. The company reported second quarter net income of $85 million or 84 cents a share from operating revenues of $688 million. It was below the $95 million and 94 cents a share from …
** Exxon Mobil Corp on Friday missed analysts’ estimates with a 28% year-on-year drop in first quarter profits as weaker refining margins and lower natural gas prices offset volume gains. The largest U.S. oil company, which is in the process of closing a $60 billion deal for top shale oil producer Pioneer Natural Resources, posted first-quarter earnings …
Texas oil billionaire Rod Lewis and a company he started, LNG Energy Group have announced a deal to rehabilitate five aging oil fields in Venezuela. The agreement came just days after the Biden administration reimpose sanctions that had been in place against the country. The Associated Press reported LNG was awarded contracts by state-run …
A bill to fund $50 million in repairs and improvements to the Arkansas River Levee Systems was sent to the Governor this past week. The State Senate approved the measure on a vote of 36-6. Sen. Cody Rogers, R-Tulsa was the author of the bill. “The Army Corps of Engineers has determined that the …
