Investors in Tulsa-based Williams will be getting another quarterly dividend. The company’s board of directors announced a regular dividend of $0.425 per share, or $1.70 annualized, on the company’s common stock, payable on Dec. 26, 2022, to holders of record at the close of business on Dec. 9, 2022. This is a 3.7% increase from …
Category: Oil & Gas
Halliburton’s 3Q earnings soared from 2Q report
Third quarter revenue for Halliburton Company was nearly 5 times what it was on the second quarter of the year. The firm that was founded in Oklahoma and is now headquartered in Houston announced net income of $544 million, or $0.60 per diluted share, for the third quarter of 2022. This compares to net income …
Tulsa Power Station’s 100th anniversary observed
Public Service Company of Oklahoma marked the centennial of one of Tulsa’s most recognizable landmarks, Tulsa Power Station this week. PSO President and Chief Operating Officer Leigh Anne Strahler, Mayor G.T. Bynum and County Commissioner Karen Keith joined TPS employees to celebrate a century of service. No one is certain exactly when Tulsa Power Station began producing …
Headlines of other energy stories
** The Biden administration signals support for a controversial LNG export terminal and pipeline proposed for Alaska. ** The White House on Tuesday welcomed moves taken by Saudi Arabia to help Ukraine in its war with Russia as President Joe Biden ponders how tough to be against the Saudis for joining an oil output cut. ** U.S. climate envoy …
West Texas natural gas prices hit negative on Tuesday
For the first time in two years, natural gas prices at the Waha hub of west Texas fell below zero in Tuesday’s trading. The increase in oil production the Permian Basin is behind what’s happened to the excess natural gas that comes with the crude oil. It’s a growing challenge for Oklahoma oil and …
Sen. Lankford—So much for American energy independence
In a bluntly-directed piece he wrote for the Washington Examiner, Oklahoma U.S. Sen. James Lankford asserted we have only Joe Biden to thank for the end of the phrase “energy dominance” in this country. He called the President’s energy efforts a schizophrenic energy policy. “So much for American energy independence or energy dominance,” he wrote, recalling …
Crude prices and OK energy stocks responded to Saudi Arabia’s political warning
A warning from Saudi Arabia’s energy chief that nations shouldn’t use emergency oil reserves to manipulate prices sent crude oil prices higher in Tuesday’s trading. Gains were also recorded by most Oklahoma energy stocks. “Losing emergency stocks may be painful in the months to come said the energy minister As a result, West Texas …
Union Pacific to build hybrid-electric locomotives in Arkansas
Union Pacific Railroad announced it is partnering with ZTR to build hybrid-electric locomotives for yard operations at its North Little Rock plant in Arkansas. The first prototype is expected to be delivered in 2023 and five more units are planned for arrival in 2024 reported Railway-News. Click here for Railway-News
Federal Reserve Banks to hold energy conference
The Federal Reserve Banks of Dallas and Kansas City will host their seventh joint energy conference on November 10 in Houston. The conference will focus on geopolitics as well the outlook for global energy markets and the U.S. energy sector. Participants will include business leaders, central bankers, government officials, academics and financial market …
BP to expand renewable energy efforts in $4 billion move
BP announced it is acquiring a Houston-based firm in a $4.1 billion deal to use natural gas emissions from landfills and farms. The renewable energy purchase is of Archaea Energy, a firm formed a few years ago. Click here for Fox 26 News in Houston