Oklahoma Commerce Executive Director Brent Kisling says it’s time for him to focus on new challenges. It’s why he is resigning from the post he first took when Gov. Kevin Stitt took office in his first term. The Tulsa World reported Kisling submitted his resignation in a May 1 letter to the governor. Click …
Category: General
Nine Energy records $6 million loss in first quarter
Houston’s Nine Energy Service, Inc., a company with operations throughout Oklahoma’s STACK play, reported a loss of more than $6 million in first quarter revenues but it didn’t surprise company President Ann Fox. “First quarter results were as expected, with revenue within our original guidance, “said Fox in a statement after the company shows …
Helmerich and Payne leaders seek more investors
Helmerich & Payne, Inc. leaders plan to be part of an investor conference this week and next. John Lindsay, President and Chief Executive officer along with Mark Smith, Senior Vice President and Chief Financial Officer and Dave Wilson, Vice President of Investor Relations will be part of a Citi 2023 Energy and Climate Technology …
Congressional GOP leaders want investigation of Biden’s use of Petroleum Reserve
Congressional Republican leaders are calling for the government to investigate President Biden’s depletion of the nation’s Strategic Petroleum Reserve. Leaders of the House Energy and Commerce Committee, Cathy McMorris Rodgers of Washington and Senate Energy and Natural Resources Committee ranking member John Barrasso of Wyoming made the request in a letter to the Government …
Devon Energy reports record oil production in 1Q and steps up share buyback
Not only did Devon Energy record operating cash flow of $1.7 billion in the first quarter, its oil production also reached an all-time high of 320,000 barrels a day during the period. It also decided to increase its share buyback by 50%. One of the highlights of the company’s oil production was its Exotic …
Crude oil prices rose while OK energy stocks had a weak Monday
Crude oil prices went up 2% in Monday’s trading but Oklahoma energy stocks recorded losses for the day, even after U.S. recession fears faded. West Texas Intermediate crude gained $1.82 per barrel or 2.6% to finish at $73.16 on the New York Mercantile Exchange. Global benchmark Brent crude rose $1.71 or 2.3% to close …
Another pipeline crackdown launched by Biden administration
Still more pressure from federal pipeline regulators is coming as the Biden administration launches a major crack down on natural gas leaks as it attempts to reduce methane emissions and reduce air pollution. Transportation Secretary Pete Buttigieg helped announce the new rules on Friday as yet another round fired in the climate change battle …
Rep. Lucas wonders if new Energy Department office is more green energy bureaucracy
Congressman Frank Lucas is raising more questions about the need for a new Office of Clean Energy Demonstrations at the U.S. Department of Energy, suggesting it is another layer of bureaucracy and green energy effort created by the Biden administration. As chairman of the House Science, Space, and Technology Committee, the Oklahoma Representative joined …
Oklahoma Broadband Governing Board to meet
Oklahoma’s Broadband Governing Board will meet Tuesday afternoon at the state capitol. The latest broadband map released recently by the Federal Communications Commission will likely get serious discussion by board members during the 3 p.m. meeting. The board will receive an update from the National Telecommunications and Information Administration program officer, Kevin Blake. …
Kansas will keep two-person crew mandate for railroad operations
As some railway companies make moves toward a one-person crew n the engine cab of locomotives, all in the name of saving money, it won’t happen in Kansas. That’s because Gov. Laura Kelly is recommending the state be added to the list of states mandating railroad companies keep two-person crews. Railroad employees and unions …