An increased dividend—it’s the result of Halliburton Co.’s fourth-quarter adjusted profit that was double from a year ago. The company said Monday the profit beat the forecasts of analysts and as a result, the oilfield services company lifted its dividend. Halliburton, with a major operation in Duncan, Oklahoma, plans to increase it to 12 …
Category: General
Rep. Cole says Governor and tribes need to talk—not fight
While Oklahoma Gov. Kevin Stitt wrestles with Indian tribes following the U.S. Supreme Court McGirt ruling, one that will at some point result in decisions of regulation of energy in the state, Congressman Tom Cole wants the sides to get back to talking. The Norman Transcript reports Cole made the comments in a recent …
Public Service Company of New Mexico appeals state’s Four Corners rejection
The New Mexico Supreme Court is being asked to rule on the legality of the state’s rejection of plans by Public Service Company of New Mexico to abandon its Four Corners Power Plant by the end of 2024. The Santa Fe New Mexican reports PNM is challenging the decision by the Public Regulation Commission. …
Other energy headlines on Tuesday
** Cheniere Energy’s Sabine Pass LNG export terminal in Louisiana is seeing record flows amid a push to send U.S. liquefied natural gas cargoes to energy-starved Europe. ** Elon Musk said he will give an updated product roadmap on Tesla’s next earnings call. Tesla is set to report 2021 earnings on Wednesday. Musk will probably discuss …
$4 billion secret factory in Kansas? It’s a mystery
The state of Kansas might be in line for a $4 billion mega project, one possibly involving EVs, batteries or microchips but also one that remains a highly-held secret in one state agency. The Wichita Eagle reports the Kansas Commerce Department only said Kansas is a finalist for a project that could produce 4,000 …
High Court won’t review McGirt decision but will consider its expanse
Certain Oklahoma Indian tribes are celebrating after the U.S. Supreme Court on Friday decided against reconsidering its 2020 McGirt decision, the one that said a large part of eastern Oklahoma remains a reservation. But the justices stated they would consider whether Oklahoma can prosecute non-Indians for crimes involving Native Americans on reservations. It is …
Tulsa levee system to be repaired with $137 million in federal money
You might forgive officials in Tulsa if they’re still celebrating over the announcement that the city and county will receive $137 million to repair the Arkansas flood levees in the city. “None of us knew this was coming, just so you know,” Keith said at a press conference reported the Tulsa World. Tulsa city …
Oklahoma State House members filed fewer bills this year than last
Oklahoma legislators have been busy in preparation for the start of the legislative session next month and showed it with the filing of nearly 1,500 bills. The House announced Friday the total of bills filed for the second session of the 58th Legislature was 1,482 while 18 House Joint Resolutions and 2 House Concurrent …
Rig numbers make gains in Oklahoma and rest of U.S.
A report on Friday by the Baker Hughes Co. stated that the number of oil and gas rigs in the U.S. increased by 3 to 604 in the past week and Oklahoma’s count grew as well. The Oklahoma count grew by one to 50 rigs. A year ago, the state had 17 active oil …
Crude oil prices closed the week with another decline
Accessibility statementSkip to main content Crude oil prices finished the week with a nearly $2 fall in the U.S. and half a buck in Europe. Oklahoma energy stocks recorded losses for a second straight day. West Texas Intermediate crude for March delivery dropped $1.76 to $85.14 a barrel in trading on the New York Mercantile …