Devon Energy reported second quarter earnings of $899 million or $1.41 per share and $536 million of core earnings, or $0.84 per share that were nearly double of what was reported in the first quarter when it totaled $494 million or $0.77 per share. With 21 operating rigs and 6 completion well units, the …
The National Stripper Well Association came out this week with a statement saying it strongly supports the Environmental Protection Agency’s (EPA) historic decision to rescind the Endangerment Finding, a long-standing regulatory trigger for carbon dioxide and greenhouse gas restrictions that the organization claims has disproportionately harmed small, independent energy producers for over a decade. …
Oklahoma Treasurer Todd Russ says the latest monthly state revenues show an improved picture compared to the prior month, including a more than 50% growth of gross production tax revenues on oil and gas from June of of last year to July this year. It is a sign of oil and gas production growth …
A big turnaround for Gufport Energy Corporation was reported in the second quarter as the Oklahoma City-based energy firm went from a $500,000 net loss of revenue in the first quarter to a reported $184.5 million of net income in the second quarter. With a focus on gas and crude oil operations in …
In a letter from EPA Administrator Lee Zeldin, Oklahoma leaders are being told they do have environmental regulatory power over all Indian territory in the state with the exception of Osage County. Zeldin informed Gov. Kevin Stitt in mid-May after the Cheyenne-Arapaho tribe created its own environmental division and notified oil and gas …
** President Donald Trump has raised tariffs on Indian imports to 50% as part of an ongoing row with New Delhi over its purchase of Russian oil, Forbes reported. The move came the same day that special envoy Steve Witkoff met with Russian President Vladimir Putin. ** Fallout from the One Big Beautiful Bill will curb rooftop solar …
With a growing demand for natural gas nationwide, you would expect improved earnings for Tulsa-based Williams and that’s just what happened. Not just “improved” earnings but very improved earnings as the company released its second quarter earnings report. As company President and CEO Chad Zamarin said in releasing the figures, “Williams delivered another outstanding …
Houston’s Coterra Energy Inc., a firm with significant operations in Oklahoma, reported second quarter financial operating results that were nearly equal of a year ago. The company declared a dividend of $0.22 per share based on $511 million in net income or $0.67 per share. It compared to the first quarter net income …
Coastal Bend LNG announced it has selected ConocoPhillips’ Optimized Cascade Process liquefaction technology for its planned natural gas liquefaction and export facility on the Texas Gulf Coast. Coastal Bend LNG’s planned development includes multiple liquefaction trains, cogeneration, LNG storage tanks and export facilities. “ConocoPhillips’ technology and expertise provides us with the confidence that …
The second quarter 2025 operational and financial results for SandRidge Energy, Inc. will be released on Wednesday, August 6. The release will be made after the close of trading and company leaders will followup with a Thursday afternoon conference call to discuss the financial results. The call will begin at 1 p.m. Central …
