Coming Monday—a major announcement from the University of Oklahoma regarding its efforts targeting what is called a “critical shortage” of aviation professionals” in Oklahoma. The University says it will launch a major initiative through the College of Atmosphere and Geographic Sciences, including a “sizable expansion of its top-ranked School of Aviation Studies.” University President …
November 2022 archive
Big 3Q gains recorded by Laredo Petroleum
Laredo Petroleum, Inc. reported a significant increase in its third quarter net income totaling $337.5 million and $20.08 per diluted share. The Tulsla-based company said the income was up from the $262.5 million reported in the second quarter of the year. Cash flows from operating activities in the third quarter totaled $182.6 million and …
Sen. Lankford comes out with public support for Mullin’s U.S. Senate candidacy
It was the last weekend before this week’s elections but Oklahoma U.S. Sen. James Lankford went fully public with his endorsement of fellow Republican Markwayne Mullin, who is running to replace retiring Sen. Jim Inhofe. In a campaign flyer, Lankford called Mullin a “trusted friend and ally in the fight for America.” Mullin, a …
Utility crews among first responders to SE Oklahoma tornado
Crews from Public Service Company of Oklahoma were among those who responded Saturday to the tornado that hit Idabel and region, destroying or badly damaging more than 100 homes and businesses. The tornado, estimated to be an EF-3, left at least one person dead, a 90-year old man. More than 100 homes and businesses …
Crude rose 5% on Friday and OK energy stocks had a strong performance
Crude oil prices soared by 5% on Friday, thanks to a number of factors including the uncertainty of more interest rate hikes by the U.S. Federal Reserve and a looming EU ban on Russian oil. Oklahoma energy stocks recorded gains on the day too. West Texas Intermediate crude for December delivery shot up $4.44 …
OGE announces scholarship deadline
From now until Feb. 15, 2023, Oklahoma and Arkansas high school seniors are encouraged to apply for the 2023 OGE Positive Energy Scholarship. With its administrative partner the Oklahoma City Community Foundation, OGE Energy Corp. Foundation awards this scholarship to three deserving students and provides them with $15,000 per year, renewable annually for up …
OGE’s parent company reports improved 3Q earnings
OGE Energy Corp. , the parent company of Oklahoma Gas and Electric Company reported earnings of $1.31 per diluted share during the three months ended September 30, 2022, compared to $1.26 per diluted share in the same period in 2021. OGE Energy’s net income was $262.8 million or $1.31 per diluted share in the third quarter, compared to earnings of $252.5 million or $1.26 per diluted share in the …
Something to think about when promoting electric vehicles
TV economist John Stossel is out with a column raising some critical points that politicians and advocates of electric vehicles aren’t considering. He argues that selling electric cars won’t reduce oil use very much at all according to the News-Messenger. Click here for News-Messenger
Rig activity gains recorded in Oklahoma and the U.S.
This week’s Baker Hughes rig report showed a gain in the number of oil and gas rigs in Oklahoma and across the U.S. Oklahoma’s count increased by one to a total of 67 rigs. A year ago, there were only 44 active rigs in the state. Nationally, the count, reported Baker Hughes, increased by …
Election could be critical to future of oil and gas drilling in the Permian Basin
Some are suggesting this week’s election results will be one of the most important in the history of the Permian Basin. If Republicans win the U.S. House majority, they might use their power to stop the Environmental Protection Agency from declaring the Basin a non-attainment area reported The Odessa American. Click here for Odessa …