Oklahoma City-based Devon Energy will release its first quarter earnings report on Tuesday May 4. The company announced the release will be made after the close of U.S. financial markets. It will follow with a conference call the next day, Wednesday May 5 at 10 a.m. Central Time. The earnings release and presentation for the …
** South Korea’s SK Innovation Co Ltd said on Tuesday it is considering all options including pulling its battery business out of the United States if President Joe Biden does not overturn a trade panel’s decision against it by April 11. ** Twenty-six people were arrested last week at a Line 3 pipeline protest in Minnesota, including some …
The latest utility to approach Oklahoma Corporation Commissioner’s for help in dealing with high February storm gas costs is the Fort Cobb Fuel Authority based in Eakly. The Authority followed in the footsteps of other utilities in asking for special regulatory treatment for abnormal gas supply costs. In its filing, Fort Cobb said unless …
Oklahoma City’s Enable Midstream Partners on Sunday set an April 8 date to officially determine and identify holders of its common units in order to continue with the $7.2 billion acquisition by Energy Transfer LP of Dallas. Under the terms originally announced in February, Enable’s common unitholders will receive 0.8595 Energy Transfer common units …
Baker Hughes announced it has entered into a global exclusive licensing agreement with SRI International to use SRI’s Mixed-Salt Process for CO2 capture. The deal will expand Baker Hughes’ efforts to treat flue gases from fossil fueled power plants, gas turbines, industrial applications and cement industry. It also followed the company’s acquisition of Compact …
Devon Energy on Monday indicated in a guidance for the first quarter and full-year 2021 that the severe winter weather in February caused an expected 8% reduction in production. The company stated that it has restored its production to levels prior to the storm and expects the weather-related downtime to be confined to …
Six months after Unit Corporation emerged from Chapter 11 bankruptcy and obtaining new financing, the company won approval to be traded on the OTC Pink. The Tulsa-based company said a broker deal was approved by the Financial Regulatory Authority to initiate a priced quotation of the firm’s common stock under the ticker symbol “UNTC.” …
The number of oil and gas rigs active in Oklahoma and the U.S. grew n the past week with Oklahoma’s count increasing by one to 17 and national numbers growing by six to 417. It appears increased oil prices are slowly attracting more drilling interest as reflected in Oklahoma by growing numbers of permits …
Amidst growing pressure over a container ship’s blocking of the Suez canal and its impact on natural gas prices and other energy aspects, oil prices rebounded on Friday bringing Oklahoma energy stocks with it. West Texas Intermediate crude for May delivery went up $2.41 to finish the day at $60.97 a barrel in …
Dallas-based Tall Oak Midstream expanded its Oklahoma holdings with the recent acquisition of Redcliff Midstream, a provider of gas gathering, treating and processing services to producers in Oklahoma’s STACK play. Neither company disclosed the financial amounts involved. Redcliff Midstream, founded in 2017 as a wholly owned subsidiary of Canyon Midstream Partners II, LLC …
