Tulsa’s Empire Petroleum finished the fourth quarter of its 2023 fiscal year with a nearly $5 million net loss or 20 cents per diluted share. The company announced the fourth quarter financial report on Monday, explaining it posted a net loss of $4.8 million for the quarter and a $12.5 million net loss or …
The collapse of the Francis Scott Key bridge in Baltimore and the impact on U.S. shipping. Is it that big of an economic deal as far as the nation’s economy goes? One man who thinks it isn’t, is American geopolitical analyst Peter Zeihan who blames it on something Congress did a century ago. It’s …
Tulsa’s Vital Energy is expanding its previously issued $800 million in senior notes with another $100 million. The company announced Monday that it is offering the $100 million in 7.875% senior notes due 2032 in a private placement to eligible purchasers. In the announcement, Vital stated that it intends to use the net proceeds …
We’ve been reporting on Oklahoma’s ROFR or “Right of First Refual” issue for months, beginning with last summer’s interim legislative hearings and the studies carried out by the Oklahoma Corporation Commission. We also detailed how the fight between those who opposed ROFR and the utilities who wanted the power led to a hard-nosed bill …
Oklahoma Congressman Frank Lucas isn’t afraid to be blunt in critically describing what he thinks of the recent Securities and Exchange Commission approval of its final climate disclosure rule. In a recent public opinion, published in the Washington Times, the western Oklahoma U.S. Representative called it a “regulatory punch in the nose to Main Street …
New zoning regulations were recently adopted by Barton County Commissioners who spent the past 10 months listening to those opposed and those in support of a 2,100 acre proposed solar farm near the historic Cheyenne Bottoms wetlands in central Kansas. The exact location of the farm, proposed by Acciona, a subsidiary of Spain-based Acciona …
Oklahoma City’s Mach Natural Resources LP announced its financial and operating results for the year ended December 31 of 2023, showing total revenues of $762 million and net income of $347 million. As a result, the company intends to stick with its guidance for the remainder of the year. The report comes months after …
The Independent Petroleum Association of New Mexico is being allowed to intervene in a lawsuit brought by environmentalists who contend the state has failed its duties to protect residents from oil and gas pollution. A state district court judge recently ruled the Association can intervene because the industry could be directly affected by the …
** One major beneficiary of sanctions on Russian and Venezuelan oil? US suppliers who’ve muscled their way into markets once dominated by OPEC and its allies. US oil exports have set five new monthly records since Western nations began imposing sanctions on Russia in 2022. And with trade restrictions on Venezuela set to renew in …
(Train derailment in Lincoln County. Photo courtesy KFOR.) A derailment of 22 train cars loaded with rock and gravel is in the process of being cleaned up in Lincoln County near the towns of Davenport and Stroud. The train, operated by Stillwater Central Railroad, had 90 cars in all when the derailment occurred Saturday …
