Oklahoma City-based Enable Midstream Partners, LP announced Friday that the board of directors of its general partner declared today a quarterly cash distribution of $0.16525 per unit on all outstanding common units for the quarter ended June 30, 2021. The distribution is unchanged from the previous quarter. The quarterly cash distribution of $0.16525 per …
Category: Oil & Gas
Civeo reports another quarter of debt reduction
Civeo Corporation, the energy housing provider reported second quarter revenues of $154.2 million and a net loss of $0.5 million but also managed to reduce its debt for the 8th consecutive quarter. It’s second quarter adjusted EBITDA was $32.2 million and the Canadian-based firm with operations in Oklahoma managed free cash flow of $13.7 …
Baker Hughes company announces $2 billion share repurchase authorization
Baker Hughes Company announced Friday that its Board of Directors has authorized Baker Hughes Holdings LLC to repurchase up to $2 billion of its common units. The announcement said the firm will use the proceeds from the sale of its BHH LLC common units to repurchase its Class A shares. “Today’s announcement represents further …
Energy news in brief
** Xcel Energy Inc. (reported 2021 second quarter GAAP and ongoing earnings of $311 million, or $0.58 per share, compared with $287 million, or $0.54 per share in the same period in 2020. ** The ALLETE, Inc. board of directors has declared a quarterly dividend of 63 cents per share of common stock. On an annual basis, the …
Losses increased in 2Q for Mammoth Energy
Mammoth Energy Services, Inc. reported a drop in its second quarter total revenue and an increase in its net loss from $15.2 million in the first quarter to nearly $35 million in the quarter just completed. The company reported total revenue was $47.4 million compared to more than $60 million in the same quarter last …
Crude oil makes gains along with Oklahoma energy stocks
As US crude oil inventories continue their drop, both at the Cushing hub in Oklahoma and across the country, oil prices rose again in Thursday’s trading. West Texas Intermediate crude for September delivery finished up $1.23 to settle at $73.62 a barrel. Global benchmark Brent crude oil for September delivery increased by $1.31 to …
Quarterly losses improve for Helmerich and Payne
Helmerich & Payne, Inc. reported a third quarter net loss of $56 million or 52 cents a diluted share, but nothing like the $121 million it lost at the end of the previous quarter. And certainly nothing like the large losses it suffered in 2020 during the COVID-19 pandemic. The Tulsa-based company said it …
Enverus reports national drop in number of drilling rigs
The U.S. rig count fell by five in the last week to 559 as of July 28, according to Enverus Rig Analytics. The number of active rigs is up 3% on the month and up 94% YOY. The last week did not see particularly notable changes in major plays. The company’s weekly report also …
Colorado County adopts regulations that amount to oil drilling ban
A Denver-area county adopted new oil and gas regulations this week that create a 2,000 feet drilling setback from homes, schools and parks. The move by the Adams County Board of Commissioners in essence is a ban on new drilling at the east edge of the city of Denver. The 3-1 vote also resulted …
Kansas utility wants big increase in natural gas bills
Kansas regulators are being asked by Black Hills Energy for authority to increase the bills of its customers, adding another $14.50 a month, in part due to the February winter storm. The natural gas utility serves more than 117,000 Kansas customers in 50 counties according to the Kansas Reflector. Click here for Kansas Reflector …