Oklahoma City’s Chesapeake Energy surprised investors this week with a second quarter earnings report showing a $227 million or $1.73 a share net loss—-a loss that prompted the company to defer completion of some wells and lower its capital guidance for the rest of the year. Chesapeake reported adjusted net income of $1 …
Both crude oil prices and Oklahoma energy stocks suffered on Monday. Crude dropped by about 2% and state energy stocks included an 8% fall for one oil and gas firm. The Hezbollah attack on Israel that killed nearly a dozen children playing in a school yard has many wondering if the war will be expanded …
A series of more than 60 earthquakes, including one that measured 5.1 magnitude in the past several days in the Permian Basin of west Texas prompted a new investigation by state regulators. The Texas Railroad Commission specifically is looking into salt water disposal wells and whether they, like earthquakes in recent years in …
A change has been made on the Board of Directors at Tulsa-based Alliance Resource Management. The general partner of the Partnership announced that John H. Robinson planned to retire from the board of directors at the end of the year. Concurrent with the notice of his retirement, Mr. Robinson stepped down from his …
The Oklahoma Energy Resources Board plans on fall classes under its PetroTech program which officers technical training for those interested in pursuing a career in Oklahoma’s oil and natural gas industry. The OERB also says the classes can also be used to gain new skills for those already employed in the industry. The deadline …
Mammoth Energy Services, Inc. plans a release of its second quarter financial results in early August and it comes just days after the Oklahoma City company announced a $188 million settlement with Puerto Rico over unpaid 2017 Hurricane Maria power restoration work. Mammoth will release the earnings report before the market opens on …
Eleven years after an ExxonMobil pipeline burst in Arkansas and resulted in a huge oil spill, federal and state officials are asking a judge to approve a $1.75 million settlement. It was in 2013 when the Pegasus pipeline leak occurred in Mayflower, sending tens of thousands of gallons of heavy crude oil into streams …
A quarterly cash distribution of 32 cents a share or $1.28 on an annualized basis has been announced by Energy Transfer LP, the Dallas-based company with 130,000 miles of pipeline, including in Oklahoma. The company’s dividend for the second quarter that ended June 30 will be paid August 19 to unitholders of record …
After finishing its fiscal year 2024 with a fourth quarter net loss of nearly $237 million, NGL Energy Partners LP plans a quarterly release in August. It’s a release that investors are probably anxious about as they wonder if there will be signs of improvement. The release on Thursday, Aug. 8 will be …
Tulsa’s Vital Energy, Inc. just expanded its Permian Basin holdings in partnership with Northern Oil and Gas, with an all-cash $1.1 billion acquisition of the assets of Point Energy Partners, a Vortus investments portfolio company. The announcement indicated the deal “will significantly increase the company’s operational scale and footprint in the Delaware Basin and …
