The oil and gas slowdown hits Oklahoma’s jobless rates as most counties saw increased numbers of unemployed in December 2019. The Oklahoma Employment Security Commission says rates were higher in 53 counties, lower in 13 counties and unchanged in eleven others compared to December 2018. Latimer County in the southeast had the highest December rate …
** Duke Energy Corp. says its two Carolinas utilities spent about $622 million on cleaning up their coal-ash operations from Oct. 1, 2018, to Sept. 30, 2019, with about $200 million going to North Carolina contractors. ** North Dakota’s largest coal plant “has operated at a significant financial loss,” but the owner says there are no plans to shut …
Oklahoma City-based Panhandle Oil and Gas says revenue from its oil and natural gas production in the first quarter dropped 38%, leading to net income of $12.7 million. The income resulted in 75 cents for each company share on total revenue of $26.3 million. Earnings before interest, taxes, depreciation and amortization fell from $14.5 million …
A new report by an environmental group claims ten refineries, most along the Gulf Coast are emitting benzene at high levels that are not illegal, but should require more pollution controls. One of the ten is a Holly-owned Permian Basin refinery in New Mexico, the same company with a refinery in Tulsa, Oklahoma. The Environmental …
The wind industry is one of the strongest supported renewable energy industries in the U.S. but there’s one matter that is a challenge to the industry. What to do with old wind blades that are no longer usable and to find a way to recycle them. As Bloomberg News reported this week, an estimated 8,000 …
Times are growing tougher for hydraulic fracturing servicing companies such as Denver-based Liberty Oilfield Services company, a firm that reported an 8% drop in revenue at the end of 2019. Revenue for the company went from $2.2 billion in 2018 to $2 billion last year. Net income plunged from $249 for the year ended Dec. …
Tulsa-based NGL Energy Partners LP reported a drop in income from its operations for the quarter ending Dec. 31, 2019. Earnings were $49.1 million compared to the $97.2 million in earnings a year earlier. But the company also managed to turn around losses reported in 2018. The company stated that its income from continuing operations …
The largest hydrogen transit refueling station in North America has been opened in California by a subsidiary of Oklahoma City-based Love’s Family of Companies. Trillium opened the hydrogen center in Santa Ana, California. The center has the capacity to fill a transit bus in about 10 minutes but plans call for the fleet capabilities to …
Oklahoma City’s Chesapeake Energy has been named in a second lawsuit filed over last week’s deadly oil rig fire that claimed the lives of three workers in South Texas. The latest lawsuit was filed by attorneys for Madison Hendrix whose father Brad Hendrix died as a result of the fire in Burleson County about 70 …
A joint venture involving Noble Midstream Partners LP and Greenfield Midstream LLC has become a 20% owner of a major pipeline moving oil from Colorado and Wyoming to the Cushing storage farm in Oklahoma. The $155 million deal involves the joint venture called Black Diamond Gathering LLC which now owns 20% of the Saddlehorn Pipeline. …
