The board of directors of ONEOK, Inc. declared a quarterly dividend of 93.5 cents per share, unchanged from the previous quarter, resulting in an annualized dividend of $3.74 per share. The dividend is payable Nov. 15, 2021, to shareholders of record at the close of business Nov. 1, 2021. ONEOK, Inc. is a leading midstream service provider and …
Category: Oil & Gas
Oil and gas mergers slowed by Biden administration
The Biden administration is putting the slow-down on several mergers of oil and gas companies as it continues its moves against the industry. Reuters reports that antitrust regulators extended the approval process for at least five oil and gas mergers and acquisitions over the past three months. Among the proposed transactions that received second …
Cushing oil hub continues to see drop in crude storage
The nation’s crude oil in storage dropped again in the past week as did the amount of crude at the Cushing hub in northern Oklahoma. The U.S. Energy Information Administration said the total US commercial crude oil inventories fell by 0.4 million barrels from the previous week. The Cushing hub had a reported 31.2 …
US crude pushes $84 a barrel
With a drop of 431,000 barrels in storage in the past week in the US, crude prices rallied Wednesday with West Texas Intermediate settling close to $84 while overseas prices finished at nearly $86 a barrel. West Texas Intermediate crude for November delivery closed up 1.1% or 91 cents at $83.87 a barrel on …
DEQ offers funds to replace aging school bus diesel engines
More than $734,000 in funding is now available from the Oklahoma Department of Environmental Quality through its program to replacing older diesel school buses with engines. The Oklahoma Clean Diesel Program/DERA makes money available to install new diesel, gasoline, all-electric, propane or natural gas school buses. The Clean Diesel/DERA program is offering $734,342 …
Cushing hub to see more Canadian crude?
The amount of crude oil carried by rail in the U.S. could drop following the flow of crude oil through the Enbridge Inc. Line 3 replacement pipeline, reported the U.S. Energy Information Administration. It will also increase the flow of oil to the Cushing oil hub in northern Oklahoma as the start of the …
Nation’s wind farm CEOs are well paid
A new report indicates the executive leaders of some of the nation’s renewable energy companies are some very high paid CEOs while at the same time, OGE employees are doing nicely. The report by S&P Global Market Intelligence found NextEra Energy Inc., the Florida-based energy company with several wind farms operating in Oklahoma had …
More disposal wells coming to Permian in SE New Mexico
Matador Resources Company announced it is working on even more disposal wells for Southeast New Mexico and its share of the Permian Basin. The Dallas company said it started operating a fifth operated drilling rig in August for its midstream affiliate, San Mateo Midstream, LLC and for the purpose of drilling an additional salt …
Baker Hughes revenue growth still slowed by COVID
Baker Hughes reported its third quarter earnings saw a 1% drop in its revenue from the second quarter which totaled $5.1 billion even though it also had a 6% increase in orders for the quarter. Company leadership blamed slower growth on COVID-19. Revenue also slipped 1% year-over-year while the orders totaled $5.4 billion and …
Chesapeake Energy Corporation provides 2021 3Qearnings conference call information
Chesapeake Energy Corporation announced that it will release its 2021 third quarter operational and financial results after market close on Tuesday, November 2, 2021. A conference call to discuss the results has been scheduled on Wednesday, November 3, 2021 at 9:00 am EDT. Chesapeake reported a $439 million net loss or $4.48 per diluted share in the …