ConocoPhillips not only finished its acquisition of Concho Energy in the first quarter 2021 but also had $1 billion in earnings or 75 cents a share compared to the $1.7 billion in losses a year ago. The company announced that excluding special items, its first-quarter 2021 adjusted earnings were $0.9 billion or 69 cents …
Conservative advocacy groups in Colorado say they intend to put a reduction in the state’s gas tax to a vote of the people in 2022. Americans for Prosperity-Colorado and Colorado Rising State Action announced they will join efforts in response to a Democratic-backed proposal to hike gas fees to finance Colorado’s transportation system according …
**EnerVest Ltd., a private equity firm that specializes in shale drilling, fired 111 people at its Houston headquarters, citing “challenging times for the industry.” The job cuts were made “in an effort to right-size our company and ensure a successful future,” company spokeswoman Lindsey Welch said in an email on Monday. ** Sen. Chuck Grassley (R-Iowa), …
At least one US oil giant found out recently it has a target on its back and the federal government is doing the aiming. The Environmental Protection Agency didn’t wait on a US Supreme Court decision that could affect an Oklahoma refinery about biofuel blending mandate exemptions before targeting Sinclair Oil Corporation. The EPA …
Paybacks are hell. That’s the adage these days whether it’s in sports or business but some national firms that suddenly became environmentally woke and decided to take it out on oil and gas might experience those paybacks. Firms that refuse to do business with fossil fuel companies might pay the price in Texas where …
The EPA now says it found some contaminated soil that is inaccessible at the site of a gasoline tanker crash outside the city of Lyons, Colorado. To dig up the contaminated soil would mean rebuilding of highway U.S. 36 where the semi tanker carrying 8,500 gallons of gasoline crashed last week. Click here for …
The microchip shortage is hitting the auto industry hard. Witness what has happened at auto manufacturing plants across the country and it might explain if there’s a shortage of new pickup trucks at Oklahoma auto dealers. Thousands of pickup trucks sit idle in massive parking lots awaiting modules before they can be shipped to …
The National Helium Reserve located near Amarillo, Texas along with the natural gas fields in the Oklahoma Panhandle and near Hugoton, Kansas could become critical in a growing squeeze on the supply of helium. The squeeze brings in the country’s big tech companies that rely heavily on helium. It could come to a …
The U.S. Army Corps of Engineers repeated its stand this week that the Dakota Access oil pipeline should remain open while it carries out an extensive environmental review. The Corps’ stance is in direct opposition to the arguments of the Standing Rock Sioux and other Native American tribes that filed for an injunction …
ONE Gas, Inc. reported an increase in net income for the first quarter 2021 totaling $95.6 million or $1.79 per diluted share. The income compared to $91.7 million or $1.72 per diluted share for the first quarter of 2020. The company cited colder weather in the first quarter of 2021 when actual heating degree …
