Third quarter earnings made big gains for Ovintiv Inc. as the Denver, Colorado based company reported net earnings totaled $507 million and $1.92 per share beating the second quarter by $167 million. Earnings per share also rose 65 cents from the second quarter to the third quarter. Ovintiv’s report showed the firm generated $1.022 million …
Third quarter earnings results for Tulsa’s Unit Corporation were only about a third of what they were a year ago. Unit released the report showing net income totaled $8.9 million or 89 cents a share, compared to $28.8 million and and $2.94 a share one year earlier. Total revenue for the three months …
After launching an expanded broadband effort in the past few months, members of the Oklahoma Broadband Governing Board will meet Tuesday for an update on their projects. The Oklahoma Broadband Governing Board will meet at 10:30 a.m. on Tuesday, November 12, at the Harvey Parkway Building, Room 105, 301 Northwest 63rd Street, Oklahoma City, OK 73116. …
( Kevin Fujii / Chronicle ) Oklahoma saw its oil and gas rig count grow over the past week while the nationwide numbers were unchanged for another week, according to the Baker Hughes Co. rig count released Friday. The number of active oil and gas rigs in Oklahoma increased by two, reaching a total of …
The blizzard that hit New Mexico late this week, dumping 24 inches of snow in some places, also hit the Oklahoma Panhandle with up to a foot of snow. State Climatologist Gary McManus reported Friday that Kenton, the last western most community in the Panhandle, received 16 inches of snow. “I mentioned snow (CALM …
The Oklahoma Corporation Commission offices were closed Friday because of a water line break. It resulted in the closure of the offices at the Will Rogers Memorial building located at 2401 N. Lincoln Blvd. The commission explained in an announcement that the lack of water pressure means the building’s fire protection system is inoperable …
Storm bonds and extending recovery costs for years—-it’s not just an Oklahoma scenario such as ratepayers experienced following the disastrous 2021 winter storm. Three hurricanes–Debby, Helene and Milton, caused extreme damage in the southeast U.S. and Duke Energy felt the brunt of it. So now Duke Energy indicated it might take a cue from what …
Oklahoma Gas and Electric Co. is faced with the task of rebuilding power lines and replacing power poles downed in the tornado of a week ago in eastern Oklahoma County. While the last of the customers who lost power in the tornado were expected to have it restored on Friday, the utility is dealing …
** The Biden administration plans to publish a draft study by the end of this year that could have implications for the future of new gas exports. The administration said earlier this year that it would work to more fully assess the impacts of exporting U.S.-produced natural gas on climate change, national security and economics. ** Boeing CEO Kelly …
An investment fund controlled by billionaire activist investor Carl Icahn cut its dividend payout by half on Friday and at the same time announched intentions to gain more interest in CVR Energy Inc., the company with refineries in Pauls Valley, Oklahoma and Coffeyville, Kansas. As indicated in a third quarter earnings statement, Icahn Enterprises …
