Another increase in crude oil prices was recorded Tuesday both in the US and in Europe as prices moved closer to the $66 level in the US and $69 overseas. West Texas Intermediate crude for June delivery went up $1.20 to settle at $65.69 a barrel in trading on the NYMEX. Global benchmark Brent …
The former chief information officer for the Oklahoma Turnpike Authority has been picked to be the newly-created Chief Innovation Officer’s position for the Oklahoma Transportation Cabinet Agencies. Joni Seymour will hold the position for the Cabinet Agencies which include the Oklahoma Department of Transportation, the Oklahoma Turnpike Authority and the Oklahoma Aeronautics Commission. Joni …
Tulsa-based Williams announced another good quarter as it cited increased cash flow from operations, adjusted earnings per share, available funds from operations and adjusted earnings total. The company reported net income of $425 million or 35 cents per diluted share while the adjusted EPS was 35 cents, up 35% from the first quarter of …
With refinery operations in Oklahoma, Kansas, New Mexico and Utah, Holly Energy Partners, L.P. announced improved net income of $64.4 million or 61 cents a basic and diluted limited partner unit while revenues declined in the first quarter 2021. The $64.4 million in net income compared to $24.9 million in the first quarter of …
Houston’s Cheniere Energy, Inc. announced its financial results for first quarter 2021 showing adjusted earnings of nearly $1.5 billion which is 40% higher than a year ago. The release of the earnings came a day before Cheniere was to face a congressional hearing regarding complaints from Oklahoma landowners and farmers regarding its Midship pipeline …
ConocoPhillips not only finished its acquisition of Concho Energy in the first quarter 2021 but also had $1 billion in earnings or 75 cents a share compared to the $1.7 billion in losses a year ago. The company announced that excluding special items, its first-quarter 2021 adjusted earnings were $0.9 billion or 69 cents …
Conservative advocacy groups in Colorado say they intend to put a reduction in the state’s gas tax to a vote of the people in 2022. Americans for Prosperity-Colorado and Colorado Rising State Action announced they will join efforts in response to a Democratic-backed proposal to hike gas fees to finance Colorado’s transportation system according …
**EnerVest Ltd., a private equity firm that specializes in shale drilling, fired 111 people at its Houston headquarters, citing “challenging times for the industry.” The job cuts were made “in an effort to right-size our company and ensure a successful future,” company spokeswoman Lindsey Welch said in an email on Monday. ** Sen. Chuck Grassley (R-Iowa), …
At least one US oil giant found out recently it has a target on its back and the federal government is doing the aiming. The Environmental Protection Agency didn’t wait on a US Supreme Court decision that could affect an Oklahoma refinery about biofuel blending mandate exemptions before targeting Sinclair Oil Corporation. The EPA …
Paybacks are hell. That’s the adage these days whether it’s in sports or business but some national firms that suddenly became environmentally woke and decided to take it out on oil and gas might experience those paybacks. Firms that refuse to do business with fossil fuel companies might pay the price in Texas where …
