ConocoPhillips is another energy company reporting lower fourth-quarter 2024 earnings as well as those for the year. The company had earnings of $2.3 billion or $1.90 a share compared with fourth-quarter 2023 earnings of $3 billion and $2.52 per share. Excluding special items, fourth-quarter 2024 adjusted earnings were $2.4 billion, or $1.98 per share, …
One of the renewable energy projects opposed by some Oklahoma landowners is a 4,650 acre solar farm proposed near the small town of Porter, the “Peach Capital of Oklahoma.” Wagoner County commissioners are scheduled to vote whether to approve the $335 million project at a Feb. 10 meeting. But it has its opponents among …
A public offering of 12 million common units by Mach Natural Resources LP was announced this week as it tries to repay outstanding borrowings. The Oklahoma-based firm said the units represent limited partner interests in the company and it will also grant the underwriters an option to purchase up to an additional 1,800,000 common …
Oklahoma U.S. Sen. James Lankford was one of six Senators who introduced legislation this week to enhance carbon capture incentives and energy production. He joined U.S. Senators John Barrasso (R-Wyo.),Bill Cassidy (R-La.), John Hoeven (R-N.D.), Jim Justice (R-W.Va.), and Tim Sheehy (R-Mont.) in the introduction of the Enhancing Energy Recovery Act (S. 425), which would create …
Tulsa’s Helmerich & Payne, Inc reported a $20 million or 22 cent per share drop in its first quarter net income but leadership remains optimistic about the second quarter results. The earnings report, released this week, showed the firm’s net income was $55 million or 54 cents a share compared to net income …
Colorado energy regulators are targeting some major oil companies such as Chevron and Oxy, accusing them of falsified emissions data for 344 oil wells in the state. Colorado’s Energy and Carbon Management Commission recently flagged the emissions against the major firms as well as Civitas, a company also accused of filing an unnamed number …
One of Oklahoma’s wind farm operators announced a major power purchase agreement this week with Meta. Enel North America said the power purchase agreement is for a 115-megawatt (MW) portion of the Rockhaven wind farm in Murray and Carter counties, Oklahoma. The agreement at the 140 MW Rockhaven wind farm is the third power purchase agreement …
** A New Jersey judge dismisses a state lawsuit against oil companies, saying the claim that they deceived the public about the climate impacts of fossil fuels needs to be heard at the federal level. ** Marathon Petroleum, the largest US refiner and a major buyer of Canadian crude, sees ample opportunity to switch to domestic …
A big build in U.S. crude and gasoline stocks sent crude oil prices tumbling more than 2% on Wednesday. At the same time, there are growing worries about the effects of a new China-U.S. trade war and there is a soft demand for gasoline. One analyst told Reuters,“Refiners just don’t have a call for …
Scott Mitchell talks energy with Jerry Bohnen and the two take a closer look at the energy plan in Gov. Stitt’s ‘State of the State’ message and why gas prices are headed up, courtesy OklahomaMemo.com.
