Oklahoma City’s Mammoth Energy Services reported its fourth quarter total revenue increased over the third quarter of 2020, but for the year, its revenue was down 50% compared to a year ago. Total revenue for the fourth quarter was $85.1 million, up 21% from the $70.5 million at the end of the third quarter 2020 …
Crude oil prices split their ways in Thursday’s trading as US crude went up closer to the $64 mark while European crude fell but remained a strong $66 a barrel price. West Texas Intermediate crude oil for April delivery went up 31 cents to $63.53 a barrel in trading on the New York Mercantile …
Public Service Company went to Oklahoma regulators less than a week after the historic winter storm to ask for help in cost recovery of making sure the state could provide power to homes and businesses. In a press released on Thursday, PSO called it a filing “designed to minimize the impacts that dramatic increases …
Utilities wasted little time following the disastrous winter storm that hit the Midwest and South last week in asking for cost recovery help from the Oklahoma Corporation Commission. The gas supply costs of one company for February alone were estimated at $1.5 billion. Even as Public Service Company of Oklahoma issued a press release …
The energy analytical firm Enverus Rig Analytics reported Thursday the US rig count slipped over the past week to 447. The Austin, Texas company said the drop of four was as of Feb. 24 while the count is still up by 4% in the past month. However, the year to date count is …
OGE Energy Corp reported it suffered losses in 2020 as the company released its year-end report on Thursday. Net income for 2020 was $339 million, down from the $350 million reported for 2019 and the company blamed the loss on COVID-19 impacts, higher income tax expense and lower revenues from mild summer weather. The …
** The U.S. Air Force is distributing bottled water to Arizona residents and business owners near Luke Air Force Base whose drinking water showed high levels of contaminants. A statement by the base said water testing detected levels of perfluorooctanoic acid and perfluorooctane sulfonate “above the Environmental Protection Agency’s lifetime health advisory for drinking water.” ** Exxon …
After years of layoffs at the ConocoPhillips operation in Bartlesville, the company confirmed Thursday it plans to close the Bartlesville Labs by the end of the year. The Labs sector is located in the Phillips 66-owned Research Center and the closing is expected to be completed by the fourth quarter 2021. The company’s lease …
Wednesday’s announcement by Democratic Sen. Joe Manchin, chair of the Senate Energy and Natural Resources Committee that he will support New Mexico Rep. Deb Haaland to be interior secretary likely means the committee will approve her. His announcement followed one by Oklahoma U.S. Sen. James Lankford that he would not support the Democratic Congresswoman …
National Oilwell Varco plans to release its first quarter 2021 financial earnings report in April. The Houston-based company said the results will be made public after the market closes for trading on Tuesday, April 27. A conference call to be held by NOV executives will be held the next day, Wednesday April 28 at …
