While recording another slight net loss in the third quarter, Tulsa’s Empire Petroleum is pushing ahead with a strong effort in its enhanced drilling projects in North Dakota. The company reported third quarter revenue of $10.9 million, a net loss of $3.6 million, or $0.12 per diluted share and an adjusted net loss …
When wind and solar power are unable to fulfill demands for electricity generation, what’s the option? The Southwest Power Pool says it’s natural gas and executives made their point this week during a panel discussion at the National Association of Regulatory Utility Commissioners’ annual meeting in Anaheim, California. It was an emphasis for continued use …
** Boeing (BA) said on Wednesday it is issuing layoff notices starting this week to workers impacted by a broader plan by the heavily indebted planemaker to cut 17,000 jobs, or 10% of its global workforce. ** Frontier Communications shareholders have approved a $9.6 billion sale to Verizon, the company said on Wednesday, even as …
The latest crude oil stock report shows the Cushing Hub in Oklahoma lost millions of barrels of oil in the past week while the nation increased its supplies. According to the U.S. Energy Information Administration, the Cushing Hub supply declined 4.5 million barrels, falling from 29.7 million barrels on Nov.1 to 25.2 million barrels …
Oklahoma County Assessor Larry Stein announced this week his office had determined the early November tornadoes that hit the county partially damaged or destroyed 231 properties. He also said the damages totaled $57.9 million and were growing. “Our teams have been all across the area impacted by the rare early November 2-3 storm system …
After more than 18 months of back-and-forth attempts to acquire PHX Minerals of Fort Worth—WhiteHawk Energy of Philadelphia got its answer. It was a resounding no. The response finally came from PHX’s Board of Directors. ” We and PHX management continue to review opportunities that are focused on maximizing stockholder value. With respect …
A fight is underway over the EPA’s latest rule to force oil and gas companies to pay a federal fee if they emit dangerous methane above certain levels and U.S. Sen. Shelley Moore Capito (R-W.Va.) is one of those leading the battle. “The Biden administration is continuing its anti-consumer agenda by implementing the natural …
The latest Permian Basin acquisition reportedly involves a $1 billion agreement by Hilcorp Energy to buy conventional oil drilling assets in Texas and New Mexico. According to Reuters, Hilcorp is acquiring conventional vertical wells rather than horizontal ones. Hilcorp has a history of buying mature oilfields. The firm has most of its operations in …
After acquiring Pioneer Natural Resources Co. in a $63 billion deal this year, Exxon Mobil Corp. plans to lay off close to 400 Pioneer employees. A report by Bloomberg indicated the firm notified the Texas Workforce Commission on Wednesday of its intentions. Click here for Bloomberg
As the Oklahoma Broadband Office prepares to launch an expansion project, this time in western Oklahoma, it received still more federal funding to bring broadband service to rural areas of the state. The Oklahoma Broadband Office was approved for an $11.2 million grant from the National Telecommunications and Information Administration (NTIA) to help …
