Awaiting Federal Trade Commission review of its proposed more than $7 billion merger with Southwestern Energy, Oklahoma City’s Chesapeake Energy is moving ahead with its annual shareholders meeting. However, shareholders at their Thursday, June 6, 10 a.m. central time virtual meeting will not be asked to vote on the proposed merger which is an …
Second quarter earnings came in below expectations at Tulsa’s Helmerich & Payne and company leadership blames a weak natural gas market. The company reported second quarter net income of $85 million or 84 cents a share from operating revenues of $688 million. It was below the $95 million and 94 cents a share from …
** Exxon Mobil Corp on Friday missed analysts’ estimates with a 28% year-on-year drop in first quarter profits as weaker refining margins and lower natural gas prices offset volume gains. The largest U.S. oil company, which is in the process of closing a $60 billion deal for top shale oil producer Pioneer Natural Resources, posted first-quarter earnings …
Texas oil billionaire Rod Lewis and a company he started, LNG Energy Group have announced a deal to rehabilitate five aging oil fields in Venezuela. The agreement came just days after the Biden administration reimpose sanctions that had been in place against the country. The Associated Press reported LNG was awarded contracts by state-run …
A bill to fund $50 million in repairs and improvements to the Arkansas River Levee Systems was sent to the Governor this past week. The State Senate approved the measure on a vote of 36-6. Sen. Cody Rogers, R-Tulsa was the author of the bill. “The Army Corps of Engineers has determined that the …
