** The U.S. EPA prepares to enforce a rule requiring new natural gas power plants to capture and store carbon emissions, though climate and industry advocates say the technology isn’t ready for wide-scale deployment. ** The United States announced a record-sized release of emergency crude oil reserves in March without consulting partners in the International Energy Agency, …
May 9, 2022 archive
Drop in earnings reported by refinery operator Holly Energy Partners
Holly Energy Partners, L.P., owner and operator of refineries including one in Tulsa reported a first quarter 2022 decline in net income compared to a year ago. The Dallas-based firm said net income was $49.6 million or 45 cents a basic and diluted limited partner unit compared to $64.4 million and 61 cents a …
Tulsa drilling firm on the hunt for more investors
Tulsa’s Helmerich & Payne will be looking for more investors as company leadership takes part in two conferences this month. Company President and Chief Executive Officer John Lindsay will be joined by Mark Smith, Senior Vice President and Chief Financial Officer; Dave Wilson, Vice President of Investor Relations; and other members of H&P management in …
Cypress moves forward with financial restructuring and Chapter 11
Tulsa’s Cypress Environmental Partners, L.P. filed Chapter 11 in bankruptcy court to deal with its more than $58 million in debt. The company on Monday announced the next step in its previously announced plan to pursue a court-supervised restructuring. “Cypress will emerge as a strong, reorganized company with no debt that is focused on …
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