ONEOK, Inc.’s first quarter earnings report came in weaker than anticipated but for the year, the company had strong earnings. Net income was $639 million or $1.09 a share and the Tulsa-based firm saw increased natural gas volumes. But here’s where things were not as strong as leaders would have liked. Its adjusted EBITDA …
Jenks Chamber of Commerce president and CEO Heather Turner was named this week by Gov. Kevin Stitt to be the next executive director for the Oklahoma Department of Commerce. “Heather’s time at Jenks Chamber of Commerce is marked with impressive vision and growth. Her work advocating on behalf of businesses in Jenks has …
As Oklahoma and other states make slow progress on an expansion of charging stations for electric vehicles, the Governor of North Dakota turned aside a request this week to fund a regional plan for EVs. North Dakota cold weather and EVs don’t mix, he said. Gov. Doug Burgum questioned the need for it, pointing …
Vaulted Deep is injecting carbon-rich slurry at its site in Hutchinson, Kansas. (Vaulted Deep) While empty salt mines remain under the city of Hutchinson, Kansas, a place that once boasted of the home of Carey Salt, another company is using the mines to rid the country of CO2. The Houston, Texas company Vaulted Deep has …
** Senate Energy Committee Chair Joe Manchin (D-W.Va.) said he will lead a Congressional Review Act (CRA) resolution to undo the Biden administration’s final rule on permitting announced Tuesday morning. The Energy Department rule alters the permitting process to streamline categorical exclusions, or those that are considered not to have enough of an environmental impact to require a …
Tulsa’s Williams Cos. kept alive its streak of dividends for every consecutive quarter since 1974. The board of directors approved a regular dividend of $0.4750 per share or $1.90 annualized. The dividend will be payable on June 24 to holders of record of common stock at the close of business on June 7. It …
Production and net income dropped slightly in the first quarter of the year for Oklahoma City’s Gulfport Energy Corporation but leaders still called it a strong start for the start of the company’s fiscal year. They also confirmed the company is deferring some drilling and completion activities to the second half of the year …
Not only did crude oil prices drop about 1% in Tuesday’s trading, but several Oklahoma energy stocks had losses of 3% and 4%. Crude slipped due to increased U.S. production and to growing optimism over the possible for an Israel-Hamas ceasefire. West Texas Intermediate crude in the U.S. fell 70 cents or 0.9% to $81.93 …
A Congressional subcommittee exploring the government’s attempt to create an EV and alternative fuel movement nationwide was cautioned by an official of Oklahoma City-based Love’s Travel Stops to allow private enterprise and consumers develop the transition…not the government. Kim Okafor, General Manager of Zero Emission Solutions for Love’s Travel Stops and Trillium Energy testified …
Western Oklahoma is the apparent target zone for some of the latest severe weather threatening the state. Oklahoma Climatologist Gary McManus wrote this week, “The setup is nothing like last weekend, however. The threat will be a bit more substantial Wednesday, but tornado risk will still be considered “low,” at least at this time.” What looms …
