Ascent Resources, LLC announced final results of its Dutch auction tender offer to buy up to $25 million in some of its common unit, showing 3.5 million units tendered at a purchase price of nearly $82 million. Ascent Resources, LLC announced the final results and expiration of its previously announced “unmodified reverse Dutch auction” …
The constitutional challenge of Oklahoma’s Energy Discrimination Elimination Act, the law targeting companies and their ESG policies discriminating against oil and gas, prompted some legislators to propose changes. The challenge, now in the hands of the Oklahoma Supreme Court, also led to a fight between Treasurer Todd Russ and Attorney General Gentner Drummond. Senate …
** Vaquero Midstream, a natural gas gathering and processing midstream company operating in the Delaware Basin, announced plans for two major system expansion projects – a new 70-mile 24-inch high-pressure pipeline loop and a 200 million cubic feet per day (MMcf/d) cryogenic processing plant to increase Vaquero’s gathering capabilities from the state line area down …
Legislation carried by Rep. Dell Kerbs, R-Shawnee, to modernize the process for selling state-owned railroad assets passed the Oklahoma House of Representatives by a vote of 81-8. Senate Bill 341 directs the Oklahoma Department of Transportation (ODOT) to initiate a request for proposals process for the sale of any railroad assets owned by the …
Crude oil prices dropped nearly 2% on Tuesday with the end result being $60 oil arrived in the U.S. Both West Texas Intermediate and Brent crude fell to a two-week low as investors continued exhibiting concerns about OPEC+ and its plan to boost oil output along with the Trump administration’s tariffs. The two benchmarks …
ONEOK recorded higher first quarter earnings of $691 million in net income or $1.04 per share compared to a year ago, but below the earnings of the previous quarter. ONEOK recorded improved earnings in the first quarter, revealing $691 million in net income or $1.04 per diluted share. The company had adjusted …
Expand Energy Corporation released first quarter financial results showing more than $1 billion in net cash from its operating activites but also a net loss of $249 million or $1.06 a share. The Oklahoma City company recorded adjusted net income of $487 million or $2.02 per share. While the net cash from operating …
Opponents of a proposed wind farm near Arcadia are disseminating a study about the proposal. The study, launched in 2017 by the Southwest Power Pool grid and not conducted until 2023 determined the connections necessary to provide electrical power would cost $13.5 million. Click here for News 9
Nearly a hundred university students in Oklahoma will be awarded with more than $523,000 in scholarship funds from the Oklahoma Energy Resources Board for the coming academic year. The students are those at state universities studying petroleum-related fields. The 97 students will share in $523,500 in scholarship funds. The Oklahoma Energy Resources Board (OERB), …
A $2 annualized dividend was declared this week by Williams board of directors in Tulsa. The big energy company said approval was for a regular dividend of 50 cents a share which figured to $2 a year per share. The dividend will be payable on June 30, 2025 to holders of record at the …
