Oil futures went up more than 2% in Tuesday’s trading after producers and investors received word that OPEC production increases were not as high as some thought. Plus, investors liked the fact that major producers showed some sign of putting the reins on output. West Texas Intermediate crude gained $1.19 or 2.2% to finish …
The Oklahoma Corporation Commission prepares for a second temporary shutdown of its website. The Commission announced the site will not be available on Thursday, Feb. 2021 for an hour, from 5:30 p.m. to 6:30 p.m. Oklahoma time. It will allow the state agency that manages the Information Technology services to make necessary maintenance updates. …
ConocoPhillips announced Tuesday it suffered a loss of $800 million in the fourth quarter of 2020 and $2.7 billion for the entire year. The four quarter loss amounted to 72 cents a share compared to 2919 fourth quarter earnings of $0.7 billion or $0.65 per share. The company said excluding special items, the fourth-quarter …
When the Obama administration created the Waters of the U.S. Rule, farm groups in Oklahoma put up a fight and eventually won as the Trump administration revoked the controversial measure. But now with Joe Biden in the White House, it might be brought back. POLITICO reported the Biden administration has started asking federal courts …
A report in the Texas Standard raises the growing question of what to do with old wind turbine blades, especially in a state that is ranked number one in wind power production in the U.S. In Casper, Wyoming, more than 1,100 blades are buried in a “wind turbine graveyard” built in the past two …
** Cactus, Inc. announced that it will issue its fourth quarter and full year 2020 earnings release after market close on Wednesday, February 24, 2021. The Company will host a conference call to discuss financial and operational results on Thursday, February 25, 2021 at 9:00 a.m. Central Time (10:00 a.m. Eastern Time). ** BP swung to its …
As it prepares to emerge from Chapter 11 bankruptcy, Oklahoma City’s Chesapeake Energy Corporation announced the offering of $1 billion in senior notes….presumably a move to give the company more available cash to head forward with its operations. The private offering includes $500 million in senior unsecured notes due 2026 and another $500 million …
A fight’s brewing in northwest New Mexico where environmentalists are challenging plans by Public Service Co. to abandon its share of the coal-burning Four Corners Power Plant near Farmington. Environmentalists contend the plan would violate New Mexico’s landmark energy law. The Associated Press reported the groups called New Energy Economy and Citizens for Fair …
The SANDRIDGE PERMIAN TRUST announced a distribution of approximately $3.9 million, or $0.075 per unit this week. The distribution is based on royalty interests of wells in the Central Basin Platform of the Permian Basin in Andrews County, Texas. The distribution is expected to occur on or before February 26, 2021 to holders of …
Williams plans to announce its fourth-quarter and full-year 2020 financial results after the market closes on Monday, Feb. 22, 2021. The Tulsa company’s fourth-quarter and full-year 2020 earnings conference call and webcast with analysts and investors is scheduled for Tuesday, Feb. 23, 2021, at 9:30 a.m. Eastern Time (8:30 a.m. Central Time). Williams reported net …
