While Oklahoma’s anti-ESG law is on hold because of a district judge’s ruling, State Treasurer Todd Russ says a recent federal judge’s ruling in Texas against ESG policies of American Airlines and BlackRock shows he was right to enforce the Oklahoma law. It was last year when Russ was ordered to suspend his enforcement of …
The board of directors of ONEOK, Inc. increased its quarterly dividend to $1.03 per share, an increase of 4%. This increase results in an annualized dividend of $4.12 per share. The dividend is payable Feb. 14, 2025, to shareholders of record at the close of business Feb. 3, 2025. To date, ONEOK has repurchased …
More than two months after ONEOK announced a $4.3 billion merger agreement with EnLink Midstream, EnLink shareholders are being urged and advised to vote in favor of the pending acquisition. Under the deal announced in November 2024, each outstanding common unit of EnLink that ONEOK does not already own will be converted into 0.1412 …
The U.S. government is predicting we can expect higher natural gas prices in 2025, all because of growing demand. The prediction is from the U.S. Energy Information Administration: We expect increases in the Henry Hub natural gas price in 2025 and 2026 as demand for natural gas grows faster than supply, driven mainly by more …
Formal groundbreaking ceremonies were held this week in Muskogee for a $1.2 billion lithium refinery by Stardust Power. Construction is expected soon on the refinery which will extract lithium from oil and gas wastewater. Officials say once it’s completed, the refinery will be the largest of its kind in the United States. It will …
A dip in crude oil prices came about in Wednesday’s trading. Analysts explained the market still wonders about President Trump’s proposed tariffs might affect the global economy and demand for energy. West Texas Intermediate crude fell 39 cents or 0.5% to $75.44 a barrel on the New York Mercantile Exchange. The decline was the …
What are Scott Mitchell and Jerry Bohnen talking about in their latest “Mitchell Talks Energy” podcast? We discuss the uncertainty over the impact President Trump’s initial executive orders will have on oil and gas producers. Plus how to differentiate between legislation designed to attract media attention versus serious public policy bills.
Three state legislators fighting an Oklahoma Gas and Electric fight because of a vote by Corporation Commissioner Todd Hiett have responded to a Supreme Court request to show cause why their case should not be dismissed. Reps. Tom Gann, Kevin West and Rick West informed justices their “Interlocutory” filing was made as such because …
After reaching $693 million in net income in the third quarter of 2024, ONEOK plans to release the fourth quarter earnings report in February. The release will be made after the close of the market on Feb 24, 2025. It will be followed the next day with a conference call at 10 a.m. central …
Halliburton Company announced improved net income of $615 million, or $0.70 per diluted share, for the fourth quarter of 2024. This compares to net income for the third quarter of 2024 of $571 million, or $0.65 per diluted share. Adjusted net income in the third quarter of 2024, excluding impairments and other charges …
