Tulsa’s Alliance Resource Partners, L.P. reported increased financial and operating results for the second quarter that ended June 30 compared to the first quarter of 2021. Led by higher coal sales volumes and oil & gas prices, ARLP’s total revenues increased 13.8% to $362.4 million, net income jumped 77.9% to $44.0 million and EBITDA …
Category: Oil & Gas
Oil and Natural Gas Accounted for $18.8 Billion of New Mexico’s economy in 2019
A new analysis by the New Mexico Oil and Gas Association showed how the oil and gas industry contributed nearly $19 billion to the state’s gross domestic product in 2019. That’s 17.9% to New Mexico’s total. The study also said the industry generated an additional 1.5 jobs elsewhere in New Mexico’s economy …
Energy news in brief
** A U.S. federal judge has ruled that Lithium Americas Corp may conduct excavation work at its Thacker Pass lithium mine site in Nevada, denying a request from environmentalists who said the digging could harm sage grouse and other wildlife. ** Kinder Morgan, Inc. has announced that it will pay a dividend of US$0.27 per share on the …
EPA raids on car shops fuel congressman’s bill
The efforts of North Carolina Republican Rep. Patrick McHenry to target the EPA and its raids on car shops not only have the support of Oklahoma Sen. James Lankford, but are drawing more attention in the media. McHenry’s bill to make emissions-related changes to a street vehicle in order to convert it into a …
Federal Reserve Bank survey finds continued energy growth
Energy activity continues to be on the upswing in Oklahoma and the other states that make up the Tenth District of the Federal Reserve Bank of Kansas City. The Bank released its second quarter Energy Survey showing energy activity continues to increase steadily with revenues and profits rising at a faster pace. Chad Wilkerson, …
Will last week’s crude oil price gains continue this week?
Crude oil prices managed another increase on Friday following Monday’s drop and analysts credited expectations that crude oil supplies will stay tight for the year. West Texas Intermediate crude for September delivery finished up 16 cents to settle at $72.07 a barrel. Global benchmark Brent crude for September delivery rose 31 cents and closed …
Just no letup by Ovintiv in Oklahoma’s STACK
If you think it’s a misprint that Ovintiv Mid-Continental Inc. has struck more big oil producers in Oklahoma’s STACK, it’s not. The company has reported yet two more wells on a single pad with production totaling more than 2,100 barrels of oil a day from a site in Kingfisher County. The Walta 1507 wells, …
Mammoth Energy earnings report released this week
Mammoth Energy Services, Inc. announced that it will disclose its 2021 second quarter financial results on Friday, July 30, 2021 at 6:00 a.m. Eastern Time. In conjunction with the earnings release, the Company has scheduled a conference call and webcast to discuss second quarter results the same day at 9:00 a.m. Eastern Time (8:00 a.m. Central Time). Mammoth reported …
Gas line explosion investigated in Kansas
Northern Natural Gas is investigating a series of gas incidents in the past several days in central Kansas including a gas explosion near Ellsworth. Earlier in the week, the company dealt with a gas leak near the Rice County town of Lyons, just south of the gas explosion. The blast happened on one …
113 interim study requests approved by OK House leadership
Lawmaker requests for 113 interim studies have been approved in the Oklahoma House of Representatives and only a handful relate to energy issues. Of the 136 interim study requests from House members, House Speaker Charles McCall, R-Atoka, approved 107 outright and combined 12 requests of similar topics into six approved requests. The 113 approved …