The biggest environmental story in Oklahoma this year? Public Service Company of Oklahoma is making the case for its Traverse wind farm which opened this year. With the approach of Earth Day, PSO says the three-wind farm project, the largest wind farm built at one time in North America will help the company move its …
Laredo Petroleum reached a new credit agreement that increased the Tulsa company’s borrowing base from $1 billion to $1.25 billion. The company filed a report this week with the Securities and Exchange Commission indicating it entered in to an Eighth Amendment to its restated credit agreement. Wells Fargo was the administrative agent. The amended …
ONE Gas, Inc. announced it will participate in the American Gas Association Financial Forum on Tuesday and Wednesday, May 17-18, 2022, in Miami Beach, Florida. Robert S. McAnnally, president and chief executive officer, Caron Lawhorn, senior vice president and chief financial officer, and Curtis Dinan, senior vice president and chief operating officer, will …
Legislation ensuring Oklahoma consumers have access to energy of their choice has moved to the Governor’s desk after passing the Oklahoma House of Representatives 77-5. Senate Bill 1352 creates the Consumer Energy Choice Act, which prohibits cities, towns, and counties from adopting rules that limit consumer access to energy sources. The bill was carried in …
Investors in Oklahoma City’s Gulfport Energy Corporation will likely be anxious to hear the company’s approaching first quarter 2022 financial results. On Tuesday, Gulfport announced it will release the quarterly financial results on Tuesday, May 3 after the close of markets. On Wednesday, May 4 at 8 a.m. Central Time, executive leadership will hold a …
** Oil prices could spike to $185 a barrel if EU abruptly banned Russian crude, JPMorgan said Tuesday. A full and immediate embargo would displace 4 million barrels per day of Russian oil. ** A shortage of solar modules due to the Commerce Department’s probe of four Southeast Asian nations has put 65 percent of new …
Baker Hughes unveiled its first quarter earnings on Wednesday, showing a drop in revenue, operating income and adjusted earnings from the previous quarter, but increases from a year ago. The company stated its revenue of $4.8 billion for the quarter was down 12% from the fourth quarter but 1% higher than a year ago. …
A report by the energy watchdog group, Energy and Policy Institute shows CenterPoint, a company that offers services in Oklahoma and Arkansas, more than tripled the compensation it paid CEO David Lesar from 2020 to 2021. CenterPoint Energy paid its CEO a total of $37.8 million last year, far exceeding executive pay at peer companies while …
Oklahoma Attorney General John O’Connor and 15 other state attorneys general are demanding President Joe Biden stop federal attempts to impose excessive regulations that increase Americans’ energy costs. “Americans are paying more at the pump and in the grocery store because Biden is crippling our oil and gas production and transportation. On top of that, …
A warning of higher inflation by the International Monetary Fund sent oil prices falling on Tuesday. Prices were down nearly 5% as West Texas Intermediate crude for May delivery fell $5.65 to $102.56 a barrel in trading on the New York Mercantile Exchange. Global benchmark Brent crude for June delivery dropped $5.91 and settled …
