Refinery operator HollyFrontier Corporation reported a fourth quarter net loss to stockholders of $39.5 million or 24 cents a share. With refineries in Kansas, Oklahoma, New Mexico, Washington and Utah, the company said the loss compared to $117.7 million or 73 cents a share a year earlier. The fourth quarter results reflect special items that …
February 23, 2022 archive
Dallas Federal Reserve Bank study finds issues with EVs
A new study by the Federal Reserve Bank of Dallas has a note of caution about electric vehicles even as EVs are gaining ground among consumers. The report released this week said yes, EV’s are making advancements in sales, but they still face price, range and charging constraints. The bank said EVs “have …
Fourth Quarter growth doesn’t mean Laredo Petroleum will expand exploration
Laredo Petroleum, Inc. reported it not only increased its average daily oil production and proved reserves in the fourth quarter of 2021, it also recorded net income attributable to common stockholders of $216.3 million, or $12.84 per diluted share. But the company, like others, is not rushing headlong into expanded drilling operations and oil production, preferring …
Russian crisis prompts Rep. Bice to call for Biden to let oil and gas produce
At least one Oklahoma U.S. Representative says the crisis in Ukraine is reason enough for the Biden administration to allow U.S. oil and gas companies return to full production capabilities. Republican Congresswoman Stephanie Bice, in a statement over the President’s announced economic sanctions on Russia said it’s imperative the Administration “remove its punitive regulations on …
Headlines of more energy stories
** Firestone agreed to pay a $3.35 million penalty after reaching agreement with the federal government and the state of Louisiana for violations of the Clean Air Act at its synthetic rubber manufacturing plant in Sulfur, Louisiana. ** The EPA announced the creation of an internal council charged with helping the agency foster stronger relationships with …
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