Oklahoma City’s Continental Resources, Inc. released what it called “outstanding” first quarter results for 2021 showing net income of $260 million and 72 cents earnings per share. At the same time the company leadership projected $3.1 billion for full-year 2021 cash flow from operations and $1.7 billion projected full-year 2021 cash flow at …
Another effort to reach out to potential new investors will be made next month by Oklahoma’s Devon Energy Corp. The company announced its management will make a presentation at the Citi Global Energy & Utilities Virtual Conference to be held Wednesday, May 12. The presentation will begin at 8:30 a.m. Central Time and will …
Crude oil prices made another big gain in Wednesday’s trading finishing close to $64 a barrel in the US and more than $67 a barrel in Europe. It was their highest finish in six weeks and at the same time, Oklahoma energy stocks soared. Investors responded a day after OPEC+ decided to continue gradually …
Tulsa’s Alliance Resource Partners L.P., one of the largest coal-mining operations in the U.S. reported a large gain in net income in the just concluded quarter. Its net income soared $169.5 million to $24.7 million or 19 cents a basic and diluted limited partner unit. The increase in the quarter that ended March 31 …
As of Dec. 1 of this year, the Oklahoma Corporation Commission will be required to report on recommendations to the legislature about the ability and appropriateness of natural gas utilities to buy, transport and deliver renewable natural gas to customers. Gov. Kevin Stitt recently signed Moore Rep. Mark McBride’s House Bill 1815 into …
Oklahoma U.S. Sen. Jim Inhofe let Democrats know at a hearing on their National Climate Bank Act that he was opposed to it, calling it phase one of their far-left climate agenda. In opening remarks as a member of the Senate Environment and Public Works Subcommittee on Clean Air, Climate and Nuclear Safety, Sen. …
A move to phase out the federal production tax credit for renewables was launched this week by Oklahoma U.S. Sen. James Lankford and three other Republicans in the Senate. Together with North Dakota’s Kevin Cramer and John Hoeven and West Virginia’s Shelley Moore Capito, they introduced the Production Tax Credit (PTC) Elimination Act, a bill …
The annual stockholders meeting of Oklahoma City’s SandRidge Energy, Inc. will be held May 25. The company, in which investor Carl Icahn has a non-controlling interest of 4,818,832 shares or 13.1%, announced the meeting will be held at the Skirvin Hilton Oklahoma City beginning at 10 a.m. The agenda includes the election of six …
The Oklahoma Department of Transportation announced the naming of Justin Hernandez as the new Bridge Division Engineer. As a result, Hernandez, who went to work for ODOT in 2002 as an Engineer in training, will oversee bridge-related disciplines including project design for replacements, repairs, maintenance and inspection of …
Janet McCabe was confirmed by the U.S. Senate on Tuesday to be President Biden’s deputy EPA administrator, but it came without the support of Oklahoma U.S. Sens. Jim Inhofe and James Lankford. The final vote was 52-42 as the two Senators voted against McCabe’s nomination. Inhofe had previously voted against McCabe during the March …
