Halliburton Co., the firm with a big footprint all over Oklahoma, announced this week an increase in its latest quarterly dividend. The payout will be up 6% to 17 cents a share, which is the highest dividend since the start of the COVID pandemic. The increase came after Hallibulrton’s fourtho-quarter earnings beat expectations …
Major mergers and takeovers of oil and gas firms last year in the U.S. reached a record $192 billion, more than triple the value of deals made in 2022 reported Enverus. The total did not include the recent $7.4 billion dollar merger between Oklahoma’s Chesapeake Energy with Southwestern Energy of Houston because it was …
Oklahoma Gov. Kevin Stitt was among 16 Republican governors who called this week on the Biden administration to walk back electric vehicle standards, contending Americans aren’t that interested in the EVs. “Instead of using government mandates to drive the vehicle market, allow American consumers to maintain choice in the types of vehicles they choose …
** The Postal Service also showed off its first set of electric vehicle charging stations at its South Atlanta Sorting and Delivery Center on Monday. The service plans hundreds of charging stations for what eventually will be the nation’s largest fleet of electric vehicles. ** Exxon Mobil Corp on Sunday filed a complaint in a Texas …
Oklahoma Treasurer Todd Russ reported this week the state’s total investments gained nearly $2 billion from December 2022 to December of last year. The total portfolio market value was $15.8 billion, or $1.9 billion more than the previous year. Russ explained that of the total portfolio, 66% ws in U.S. Treasurys and 8% were …
Indian tribes and environmental groups joined forces to file suit challenging construction of the Sun Zia transmission line that will originate in New Mexico and carry wind-powered electricity to Arizona and California. They have asked a federal judge to stop construction that began last week. The 32-page lawsuit was filed Jan. 17 in Tucson, …
Sheriff’s officers have arrested a man and woman on charges of bringing down a nearly 500-foot radio tower in Hugo last week in order to steal some copper. Choctaw County Sheriff Terry Park said Matt Wilsn and Candice Logan are jailed after bringing down the KITX radio tower, causing an estimated $500,000 damage and …
Back for 2024—-Scott Mitchell talks energy with Jerry Bohnen of OK Energy Today. Yes, we offer our insight into the politics of rate hikes and what utilities might want from state legislators as they prepare to start their 2024 Legislative session.
Monday’s trading resulted in a 3% gain for U.S. crude futures and 2% overseas,largelly because of anticipated tightening of oil supplies because of the fighting in the Middle East and Ukraine along with extreme cold weather in North America. Benchmark U.S. crude oil for February delivery rose $1.78 to $75.19 per barrel Monday. Brent crude …
World observer Peter Zeihan recently paid attention to the frigid weather that gripped the Midwest. For a while, many speculated that the electric grid in Texas (ERCOT) might not withstand last week’s cold spell. But it did and also caught the eye of Zeihan. “Governor Abbot introduced a series of winterizing efforts following …
