Day two of the Biden administration and his moves to eliminate the Keystone XL pipeline and to rejoin the Paris Climate Accord might have sent the wrong signals to investors in Oklahoma energy stock. Many suffered losses for a second consecutive day with two notable exceptions. Chesapeake Energy Corporation saw a 34% gain as …
Oklahoma U.S. Sen. James Lankford joined the list Thursday of those critical of President Biden’s fast move to eliminate approval of the Keystone XL pipeline in the country. “Yesterday’s irrational denial of the Keystone XL permit damages our relationship with Canada and will lead to higher prices at the pump for consumers,” said the …
The way Oklahoma Energy Secretary Ken Wagner views the cancellation of the Keystone XL pipeline by President Biden on his first day in office is it is a move that could help Oklahoma. It is also a move that won’t do much toward reduction of greenhouse gas emissions and could mean increased use of …
Environmental activists in Nebraska who fought the Keystone XL pipeline are still celebrating after President Biden revoked approval of the controversial pipeline that would have terminated in the state. “I can’t stop laughing,” anti-pipeline pioneer Jane Kleeb said. “I always knew this day would come.” The Lincoln Journal Star interviewed Kleeb, who launched the …
NGL Energy Partners LP in Tulsa announced Thursday it was offering more than $2 billion in senior secured notes. The notes are due 2026 and NGL said it expected to use the net proceeds together with borrowings under a new $500 million asset-based revolving credit facility to repay all outstanding borrowings and terminate the …
Oklahoma U.S. Sen. Jim Inhofe says Wednesday’s cancellation by President Joe Biden hours after he was sworn into office was a “sad” day for the U.S. “We came so far during the last administration – from prioritizing American energy development to ending the far-left’s war on fossil fuels,” said the Senator in a statement. …
Alberta Premier Jason Kenney didn’t mince words this week when President Biden cancelled the U.S. permit allowing construction of the Keystone XL pipeline. He wants to punish Biden and the U.S. over the cancellation that cost thousands of jobs. “This is a gut punch to the Alberta and Canadian economies,” Alberta Premier Jason Kenney …
Tulsa-based WPX Energy reported a loss of $148 million, or $0.26 per diluted share, according to a press release issued by the company on Monday. The loss primarily was driven by a $110 million net loss on derivatives resulting from non-cash forward mark-to-market changes in the company’s hedge book, and a loss on the extinguishment …
Tulsa-based Williams announced strong 3Q20 results for the third quarter of 2020, according to a company press release issued on Monday. The energy company reported net income of $308 million, or $0.25 per diluted share, up $88 million when compared to net income of $220 million, or $0.18 per diluted share for 3Q19. Highlights include: …
Tulsa’s ONE Gas, Inc. announced its third quarter 2020 financial results on Monday showing a slight increase in net income and year to year income and declaring a quarterly dividend. Third quarter 2020 net income was $21.1 million, or $0.39 per diluted share, compared with $17.5 million, or $0.33 per diluted share, in the third …
