October 28, 2022 archive

SandRidge Energy to release 3Q earnings report this week

  SandRidge Energy, Inc. announced plans to release third quarter 2022 operational and financial results after the close of trading on Wednesday, November 2, 2022. SandRidge will host a conference call on Thursday, November 3, 2022 at 10:00 a.m. Central Time to review third quarter 2022 financial results and operational highlights. The conference call can …

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China’s COVID steps hurts crude oil trading but OK energy stocks made gains on Friday

  Crude oil prices on Friday ended the week with a drop in prices, mostly due to action by China to widen its COVID-19 curbs. At the same time, most Oklahoma energy stocks recorded gains including a more than 6% boost for Mammoth Energy. The U.S. benchmark, West Texas Intermediate crude for December delivery dropped …

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The Battle of the Bonds heats up at Oklahoma Corporation Commission

Oklahoma Corporation Commissioner Bob Anthony has come out swinging against the Commission’s Administration Director who ordered staff last week to no longer perform any work related to the controversial Winter Securitization bond cases. In an opinion filed this week, Commissioner Anthony, a strong critic of the bonds used by OGE, ONG, PSO and CenterPoint Energy, …

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Sen. Lankford—Oklahoma’s energy is more than just energy

    Oklahoma U.S. Sen. James Lankford says he is among those who knows the value of crude oil and what it means to the nation. In a Friday “Lankford Letter,” he mentioned his recent visit to an Oklahoma refinery. “When I visited the HF Sinclair Refinery in Tulsa a few days ago, I was …

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Exxon and Chevron report huge earnings in 3rd quarter

  Two of the nation’s largest oil and gas companies, Exxon Mobil Corporation and Chevron Corporation announced Friday their earnings were into the billions of dollars in the third quarter—nearly $20 billion for Exxon and more than $11 billion for Chevron Exxon’s $19.7 billion in earnings translated into $4.68 a share while Chevron investors earned …

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Dividend increase reported at Alliance Resource Partners in Tulsa

  Alliance Resource Partners, L.P. announced that the Board of Directors of ARLP’s general partner approved an increased cash distribution to its unitholders for the quarter ended September 30, 2022. Unitholders in the Tulsa-based company, considered one of the largest coal mining operators in the eastern part of the U.S., will receive a cash distribution …

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Manufacturing activity dips in Oklahoma and other states reports Federal Reserve Bank

  The White House might be celebrating the 2.6% growth in the economy from July through September, but a new Kansas City Federal Reserve Bank report shows a decline in manufacturing activity in the Tenth District that includes Oklahoma. The October Manufacturing Survey released by Chad Wilkerson, vice president and economist at the Bank said …

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Third quarter gain reported by Mammoth Energy Services

    Mammoth Energy Services recorded an increase in its third quarter earnings as the firm had $107.2 million in total revenue compared to $57.5 million from a year ago. It was also a gain over the $89.7 million reported in the second quarter of 2022.   Net income for the third quarter of 2022 …

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Oklahoma rig count increased while national numbers fell reports Baker Hughes

  While Oklahoma’s rig count grew to 66 in the past week, the national numbers dropped by three to 768 according to the Baker Hughes Rig Count released on Friday. Oklahoma saw a gain of one to reach 66 compared to only 43 reported a year earlier. The nationwide numbers saw a decline of two …

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Headlines of other energy stories

** One of the Alamo City’s more influential business leaders and philanthropists, Bill Greehey, is stepping down as chairman of San Antonio-based NuStar Energy Inc., effective immediately. Brad Barron will succeed Greehey, who has been named chairman emeritus of the San Antonio-based company. ** A new report by the environmental nonprofit Greenpeace released on Monday finds that the vast majority …

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