It’s not just deep in the heart of Texas where President Donald Trump will visit this week, but deep into the state’s oil patch. The Permian Basin. He will take part Wednesday in a roundtable discussion with supporters and also be part of a fundraising luncheon in Odessa, Texas. POLITICO reported the president will …
Oklahomans in the House will have some decisions to make this week regarding energy and water development appropriations for the coming fiscal year. POLITICO reported the House will vote this week on Energy and Water Development and Related Agencies appropriations for fiscal year 2021 as part of a series of spending bills comprising a $1.4 …
** Reliance Industries Ltd. toppled Exxon Mobil Corp. to become the world’s largest energy company after Saudi Aramco, as investors piled into the conglomerate lured by the Indian firm’s digital and retail forays. Reliance, which is controlled by Asia’s richest man and manages the world’s biggest oil refinery complex, rose 4.3% in Mumbai on Friday, taking its …
ONEOK has filed a prospectus with the SEC on a $1 billion offering of shares in the Tulsa-based company. The filing was made July 23 with the Securities and Exchange Commission. “Our common stock is listed on the New York Stock Exchange (the “NYSE”), under the symbol “OKE.” The last reported sale price of …
The latest Manufacturing Survey taken by the Federal Reserve Bank of Kansas City shows slight improvement for the Tenth District which includes Oklahoma. The survey covers July and according to Chad Wilkerson, vice president and economist at the Federal Reserve Bank of Kansas City, the survey revealed that Tenth District manufacturing activity continued to grow …
We stand corrected in our report that Oklahoma Congressman Tom Cole was one of three Representatives from the state who voted against the Great American Outdoors Act passed last week in the House. He voted “for” the measure as did Oklahoma’s Democrat in the House, Rep. Kendra Horn. The measure was passed on a …
Oklahoma is approaching nearly two consecutive years of decline in its oil and gas industry as indicated by the latest Oklahoma Energy Index. The Oklahoma Energy Index contracted sharply again in June as employment and rig activity fell to levels rarely seen in the 20-year window of the index. What started nearly two years …
Kratos Defense and Security, the California-based company with an unmanned aviation manufacturing facility in Oklahoma City and offices in the Tulsa area just won a $400 million part of the Air Force’s futuristic Skyborg Vanguard Program. Production of the drones for the program will be carried out at the Oklahoma City plant. Considered a …
Mammoth Energy Services, Inc. is preparing to release its quarterly financial results this week. The company’s results will be made known to the public after the market closes on Thursday, July 30. A conference call will be held on the same day at 4 p.m. Central Time. The company reported a net loss of …
Months after voting to limit how much natural gas is produced in Oklahoma’s largest-producing wells, Oklahoma Corporation Commissioners plan a public hearing in August on extending the order. The Oil and Gas Conservation Division of the Commission announced a hearing will be held August 20 at 9:30 a.m. in the Commission’s headquarters building at …
