Author's posts
Mammoth annual meeting to be in-person
Mammoth Energy’s approaching annual meeting of stockholders will be an in-person gathering in Oklahoma City. It will not be a virtual meeting like previous ones prompted by the COVID-19 pandemic. In announcing the in person meeting in a proxy statement filed with the SEC, Mammoth stated that it would continue to monitor the public …
Gulfport’s annual meeting to be held in June
Gulfport Energy is preparing for the company’s annual shareholders meeting in June. The Board of Directors for the Oklahoma City company set the date for June 14 at 9 a.m. It will be a virtual meeting where shareholders will decide on the election of five directors, compensation to company executives and the ratification of …
ONE Gas reports improved earnings
As Oklahoma Natural Gas awaits a state supreme court ruling on its $1.4 billion securitization request because of the February 2021 winter storm, its parent company, ONE Gas, Inc. reported improved first quarter earnings of nearly $99 million in net income or $1.83 per diluted share. In announcing the earnings, the company said …
High cost of diesel fuel hits truckers and farmers
It’s not just the high cost of gasoline that is hitting American consumers. It’s also what it costs to pump a gallon of diesel fuel. Prices are at their highest level in Oklahoma according to the American Automobile Association—$5.18 a gallon in some places of the state. Imagine what that means to the American …
More new wells reported in Oklahoma
Recent completion reports showed more drilling activity in Oklahoma’s Kingfisher County with one company drilling two wells on a single pad and getting production of more than 1,000 barrels of oil a day. Hinkle Oil & Gas of Oklahoma City brought in the Lincoln Southeast Oswego Unit 57-3ho and the Lincoln Southeast Oswego Unit 58-4ho …
Waste Management expands renewable natural gas projects in OKC
Waste disposal and management giant, Waste Management Inc. announced plans to invest $825 million in expansion of its renewable natural gas infrastructure with more renewable natural gas plants in Oklahoma City and Springdale, Arkansas. Both should be online later this year reported Biomass Magazine. Click here for Biomass Magazine
Headlines of other energy stories
** Growth in natural gas production in the biggest producing regions in the United States is on the decline due to the lack of sufficient pipeline network, as prices soar at home alongside a major uptick in LNG exports destined for gas-thirsty Europe. ** MPLX LP on Monday said it would move forward with the expansion of …
Senators urge Biden to end solar panel investigation
Calling it a bipartisan letter, Democratic U.S. Senators wrote the President this week urging him to bring a fast end to the Administration’s investigation into solar panels imported from Asia, a probe that already caused widespread delays and cancellations of solar projects in the U.S. In reality, the letter, signed by 19 Senators included …
Hedging losses hurt some oil and gas companies
Bloomberg reports some U.S. oil and gas companies would have even higher windfall profits this quarter had it not been for hedging losses. Click here for Bloomberg
Former Chesapeake Energy exec picked to head Denver energy company
Former Chesapeake Energy Senior Executive Vice President Chris Doyle was named this week the new President and CEO at Denver-based Civitas Resources. He joins Civitas after serving as President and CEO of Primexx Energy Partners and leading a comprehensive transformation of the privately held Delaware Basin company. From 2016 to 2020, Mr. Doyle served …