February 18, 2016 archive

CVR Refining Turns a Full Year Profit, Net Loss in Fourth Quarter

CVR Refining which owns the Wynnewood Refining Company reported a net income dropped to $291.2 million in 2015 compared to 2014’s net income of $358.7 million. Net sales in 2015 totaled nearly $5.2 million dollars.
While a profit is welcome during the…

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Williams Reports Increases in Quarterly and Yearly Earnings

With a 25 percent increase in fourth quarter earnings and a 22 percent jump in full year earnings, Williams Cos. based in Tulsa is pushing ahead with its planned merger with Dallas-based Energy Transfer Equity. However, the company also reported …

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Williams Reports Increases in Quarterly and Yearly Earnings

With a 25 percent increase in fourth quarter earnings and a 22 percent jump in full year earnings, Williams Cos. based in Tulsa is pushing ahead with its planned merger with Dallas-based Energy Transfer Equity. However, the company also reported losses…

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Phillips 66 Makes $236 million Purchase of Storage Caverns and Franctionator

Thousands might have been let go in the past several months in the nation’s energy sector, including the 1,000 this week at Oklahoma City-based Devon Energy, but some companies are pushing ahead with multi-million dollar acquisitions.
The latest…

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Phillips 66 Makes $236 million Purchase of Storage Caverns and Franctionator

Thousands might have been let go in the past several months in the nation’s energy sector, including the 1,000 this week at Oklahoma City-based Devon Energy, but some companies are pushing ahead with multi-million dollar acquisitions.
The latest is th…

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Devon Waits to See What Happens with 69 milion Share Public Offering

On the same day Devon Energy released its financial earnings reports and started layoffs of 1,000 workers, the company also made an upsized public offering of 69,000,000 shares of its common stock at a price to the public of $18.75 a share. At th…

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Devon Waits to See What Happens with 69 milion Share Public Offering

On the same day Devon Energy released its financial earnings reports and started layoffs of 1,000 workers, the company also made an upsized public offering of 69,000,000 shares of its common stock at a price to the public of $18.75 a share. At the end …

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Naiton’s Rail Crossings to be Improved on Energy Routes

Nearly $10 million in grants for nine projects in eight states to upgrade and increase the safety of railroad crossings along energy routes have been announced by the Federal Railroad Administration. The grants will go to California, North Dakota, Wisc…

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Executive Changes at Devon Energy and ConocoPhillips

Changes in the executive leadership at Devon Energy Corp. and ConocoPhillips were announced this week. The Devon announcements were lost in the news that the company laid off 700 workers at its headquarters and 1,000 company wide.
Darryl Smette…

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Executive Changes at Devon Energy and ConocoPhillips

Changes in the executive leadership at Devon Energy Corp. and ConocoPhillips were announced this week. The Devon announcements were lost in the news that the company laid off 700 workers at its headquarters and 1,000 company wide.
Darryl Smette, exec…

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