Oklahoma City-based Panhandle Oil and Gas reported net income grew to $15.4 million or $0.92 per share for its third quarter ending June 30, 2019. This compares to $14.1 million or $0.83 per share for the same period in 2018, according to a company press release issued on Thursday. Panhandle also reported royalty interest oil, …
Despite posting a $2.9 million net loss for the second quarter of 2019, Houston’s CSI Compressco LP remains optimistic that the company is headed in the right direction as revenue increased sequentially by 31 percent, according to a company press release. The company posted a net loss of $12.5 million in the first quarter of …
With support from major stakeholders, Houston-based Halcon Resources Corporation voluntarily filed for Chapter 11 bankruptcy protection on Wednesday, according to a company press release. The beleaguered energy company previously filed for bankruptcy in 2016 but continued to struggle following its initial restructuring efforts. The new plan will allow Halcon to emerge from bankruptcy within 60 …
Sen. Jim Inhofe’s office reports a possible plan with a cost estimate to improve Tulsa’s levee system is expected next week. The Tulsa World reports the Tentatively Selected Plan will outline proposed work, including a cost estimate that will serve as a placeholder in the fiscal year 2021 federal budget. Speaking to the Tulsa World, …
Baker Hughes, a GE company announced that the Baker Hughes international rig count for July 2019 was 1,162, up 24 from the 1,138 counted in June 2019, and up 165 from the 997 counted in July 2018. The international offshore rig count for July 2019 was 255, up 9 from the 246 counted in June 2019, and up 38 from the 217 …
The controversial Waters of the U.S. Rule created by the Obama administration 4 years ago is about to die, according to some analysts and observers. The Oklahoma Farm Report quotes one official with the National Cattlemen’s Beef Association as predicting the rule could see its end perhaps sometime this month. Click here to read the …
The era of self-driving trucks is here. They’re already on the interstate highways between Dallas and Houston, Texas. The Dallas Morning News reports a year old company called Kodiak Robotics is the first self-driving trucking company operating in the state. FedEx Office will begin testing an automated delivery system of their own in North Texas: robots …
Houston’s Plains All American Pipeline, L.P. and Plains GP Holdings reported a dramatic increase in earnings for the second quarter of 2019. Net income rose from $100 million a year ago to $446 million for the company with pipeline operations in Oklahoma that connect to the Cushing hub. It resulted in a 54 cent a …
Oklahoma Corporation Commissioners have heard pleas of consumers to deny OGE’s request for a rate hike to recover $600 million in costs on its coal-fired power units at Muskogee. The group Oklahoma Energy Results and the Sierra Club are among those opposed to the utility’s request which must now be considered by the state regulators. …
Motorists who encounter trains blocking street intersections for more than 10 minutes in Oklahoma City are being advised by police to call 9-1-1. It’s part of a new program as a result of a new state law that took effect this year. The Oklahoman reported the request of police this week. Click here to read …
