After announcing a planned merger with Southwestern Energy in January, Oklahoma City’s Chesapeake Energy reported first quarter earnings results with lower net income but increased net cash from operating activities. It also confirmed it continues with a reduction in some drilling efforts and because of a weak natural gas market, is expanding efforts to …
ONEOK, Inc.’s first quarter earnings report came in weaker than anticipated but for the year, the company had strong earnings. Net income was $639 million or $1.09 a share and the Tulsa-based firm saw increased natural gas volumes. But here’s where things were not as strong as leaders would have liked. Its adjusted EBITDA …
** Senate Energy Committee Chair Joe Manchin (D-W.Va.) said he will lead a Congressional Review Act (CRA) resolution to undo the Biden administration’s final rule on permitting announced Tuesday morning. The Energy Department rule alters the permitting process to streamline categorical exclusions, or those that are considered not to have enough of an environmental impact to require a …
Tulsa’s Williams Cos. kept alive its streak of dividends for every consecutive quarter since 1974. The board of directors approved a regular dividend of $0.4750 per share or $1.90 annualized. The dividend will be payable on June 24 to holders of record of common stock at the close of business on June 7. It …
Production and net income dropped slightly in the first quarter of the year for Oklahoma City’s Gulfport Energy Corporation but leaders still called it a strong start for the start of the company’s fiscal year. They also confirmed the company is deferring some drilling and completion activities to the second half of the year …
Not only did crude oil prices drop about 1% in Tuesday’s trading, but several Oklahoma energy stocks had losses of 3% and 4%. Crude slipped due to increased U.S. production and to growing optimism over the possible for an Israel-Hamas ceasefire. West Texas Intermediate crude in the U.S. fell 70 cents or 0.9% to $81.93 …
A Congressional subcommittee exploring the government’s attempt to create an EV and alternative fuel movement nationwide was cautioned by an official of Oklahoma City-based Love’s Travel Stops to allow private enterprise and consumers develop the transition…not the government. Kim Okafor, General Manager of Zero Emission Solutions for Love’s Travel Stops and Trillium Energy testified …
Southwestern Energy Company, the Houston firm in the midst of a proposed merger with Chesapeake Energy filed an amended report with the SEC this week indicating it won’t be able to hold an annual meeting of shareholders within 120 days of the end of its 2023 fiscal year. Because the Federal Trade Commission is still …
Ah, good old politics. It’s at play in Colorado where Gov. Jared Polis announced this week a “truce” between the oil and gas industry and its longtime environmental opponents. Why the truce? So the governor could get what he wants—revenue for new public transit funding. And what source? Of course, oil and gas. …
Mammoth Energy Services will hold its annual stockholders meeting on June 12 in Oklahoma City. The company’s filing of a proxy statement with the Securities Exchange Commission explained the meeting will be held at 14201 Caliber Drive Suite 300 starting at 9 a.m. Stockholders are asked to elect six directors to the board, approve …
