August 1, 2022 archive

Edmond Begins Smart Meter Upgrade Project This Month

Edmond residents will receive a new technology boost as the city begins rolling out its upgraded Smart Choice meters in August. Smart Choice contractors are scheduled to begin an 18-to-24-month project, exchanging all the current electric and water meters for smart meters in homes and businesses throughout Edmond. Smart Choice technology will help improve service …

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A 2Q increase in income for ONE Gas

  ONE Gas, Inc. reported an increase in its second quarter 2022 net income which totaled $32.1 million or 59 cents a share. The total compared to the $30.1 million and 56 cents a diluted share reported in the second quarter of 2021. The newest quarterly income brought the year to date 2022 net income …

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Williams reports strong second-quarter results and raises guidance

  Williams reported a 32% increase in its second quarter net income of $400n million which translated to a 33-cent a diluted share. The increase is compared to the second quarter of 2021 as the latest quarterly report showed adjusted net income of $484 million or 40 cents a diluted share. That represented a 48% …

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Devon Energy reports nearly $2 billion in 2Q net earnings

  The second quarter proved to be another strong one for Oklahoma City-based Devon Energy as the firm reported $1.9 billion or $2.93 per diluted share. Adjusting for items analysts typically exclude from estimates, the company’s core earnings were $1.7 billion or $2.59 per diluted share. Devon also reported its highest quarterly amount of free …

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Hertz plans expansion of EV cars in its fleets

Hertz is making a major expansion of its electric vehicle fleet.The company announced it ordered 100,000 Teslas to add more choices to its line-up of electric cars reported the Fort Myers News-Press.Click here for News-Press 

Nation’s emergency petroleum level to lowest in 37 years

  The federal government reported Monday the nation’s emergency crude oil stockpile, the one being drained by President Biden is down to its lowest level since 1985. The Department of Energy issued a report on the Strategic Petroleum Reserve reported Reuters. Click here for Reuters  

Other headlines

** The climate and tax spending deal announced last week by Senate Majority Leader Chuck Schumer and Senator Joe Manchin could cost billions in new taxes. The legislation, which may get a Senate vote as soon as this week, would reinstate and increase a long-lapsed tax on crude and imported petroleum products to 16.4 cents per barrel, …

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More heat records to challenge Texas power grid

  The soaring temperatures in Texas are likely to result in more power-use records according to ERCOT, the state’s power grid operator. The Electric Reliability Council of Texas (ERCOT), which operates the grid for more than 26 million customers representing about 90% of the state’s power load, has said it has enough resources to meet …

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Oklahoma Stock Closing Prices as of Friday, July 29, 2022

Alliance Resource Partners, L.P. 21.91 USD+0.02 (0.09%) Blueknight Energy Partners LP Common Stock 4.66 USD+0.0100 (+0.22%) Chesapeake Energy Ord Shs 94.17 USD+1.28 (+1.38%) Continental Resources, Inc. 68.89 USD+1.63 (2.42%) Coterra Energy Inc 30.59USD+0.77 (2.58%) Devon Energy Corp 62.85 USD+2.48 (4.11%) Empire Petroleum Corporation 11.00 USD+0.51 (4.86%) Gulfport Energy Corp 92.04 USD+0.49 (0.54%) Helmerich & Payne, Inc. 46.30 USD+1.97 (4.44%) LSB Industries, Inc. 13.81 USD+0.46 (3.45%) Laredo Petroleum Inc 88.67 USD+4.37 (5.18%) Magellan Midstream Partners, …

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Chickasha Inventor Ordered to Return $270K to Investors

A Grady County inventor was recently ordered to repay $270,000 to nearly 30 investors stemming from a 2018 civil lawsuit filed in Oklahoma County District Court by the Oklahoma Department of Securities. On July 27, District Judge Richard Ogden ordered Stacy Wayne Travis of Chickasha to repay the investors for funds provided for Travis’ work on …

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