A new report says the Ogallala Aquifer in Oklahoma and the Midwest continues to lose water and Oklahoma State University scientists and researchers are trying to do something about it. The University’s teamed up with the USDA-Agricultural Research Service to study ways to preserve the aquifer. The research is being funded by a $10 …
The latest Drought Monitor report for Oklahoma shows less than 2 percent of the state is in the classification of ‘moderate drought’ and 12 percent is abnormally dry. Gary McManus, State Climatologist at the Oklahoma Mesonet indicated that recent rains made improvements in most of the state. While 88 percent of the state is clear …
The legislator who authored the Eastern Flyer Passenger Rail Initiative to soon begin passenger serve between Tulsa and Oklahoma City is telling other legislators they don’t know what they’re talking about in wanting to cut the state’s share of funding the Heartland Flyer. Rep. Richard Morrissette D-OKC, responded to one legislator who called for …
Tulsa-based Williams Companies Inc. reported on Wednesday a first quarter net loss of $65 million, or 9 cents per share, compared to 2015’s first quarter gain of $70 million, or 9 cents per share, according to a company press release and a news report published in The Tulsa World. The company’s first quarter 2016 adjusted income …
Continental Resources Inc. reported a first quarter net loss of $198 million, or 54 cents per share, after cost-cutting measures failed to offset declining oil prices, according to a press release issued by the company. The larger-than-expected drop compares with a loss of $132 million, or 36 cents per share, posted a year ago. Revenues …
Houston-based Newfield Exploration Company, one of the most active energy firms in Oklahoma’s oil plays reports reported a net loss of $624 million in its first quarter of 2016. It amounted to a loss of $3.52 per diluted share as the company blamed much of the loss on a full-cost ceiling test impairment of …
Just how badly has the energy downturn hit some companies? Ask executives at HollyFrontiier Corporation based in Dallas where first quarter net income totaled $21.3 million compared to the $226.9 million compared to a year ago. The income was $0.12 per diluted share for the quarter ended March 31, 2016 compared to the $1.16 paid …
Oklahoma City-based Enable Midstream is reporting adjusted earnings of $215 million in the first quarter of the year, an increase from the $207 million reported one year ago. The company said that’s an increase of $8 million or four percent. It also saw an increase in crude oil gathered volumes by 22.13 thousand barrels a day …
Devon Energy Corp. posted narrower losses for its first quarter on Tuesday, helped in part by a 36% decline in expenses as the oil and gas producer responded to depressed energy prices with a deep cut of its workforce according to The Wall Street Journal. During the three-month period ended in March, the Oklahoma City-based company …
Tulsa’s ONEOK Inc. on Tuesday reported profits of $83.4 million for the first quarter, or 40 cents a share in the first quarter, up roughly 37 percent compared to $60.8 million, or 29 cents a share earned for the same period a year ago. Tulsa pipeline company, ONEOK Partners LP, which owns one of the …
