Baker Hughes reported a $49 million loss or 25 cents a share for the quarter, a 6% increase from the second quarter of 2020 and “unfavorable” from a year ago. The Houston-based company, in releasing its earnings report on Wednesday saw some daylight in improvements, reporting that orders of $5.1 billion were up 4% …
Native American tribes opposed to the Dakota Access Pipeline once again have asked a federal judge to stop the flow of oil while the legal battle over the line’s future plays out. The Standing Rock Sioux and other tribes succeeded on their first attempt, only to have an appeals court overturn U.S. District Judge James Boasberg’s shutdown …
The country’s production of diesel fuel might have finally started to level off following a large inventory of the distillate produced by U.S. refineries. It could also signal an end to cheaper prices for America’s trucking industry. As Freight Waves reported this week, “Data was reported last week by the federal government on diesel …
Pressured by a legislator and some in the industry to name a Deputy Director of the agency’s Oil and Gas Conservation Division, the Oklahoma Corporation Commission chose one this week. The Commission, in a late Tuesday announcement, said energy industry veteran Michael McGinnis, Jr. has been named Deputy Director of the Oklahoma Corporation Commission’s …
Tuesday proved to be an up day in trading for a lot of energy stocks, turning around the declines of Monday and last Friday. Alliance Resource Partners finished up 6 cents for a 2.28% increase to $2.69 per share. Blueknight Energy Partners closed a penny ahead for a 1% increase to $1.36. Chesapeake Energy …
Oil futures shook off early losses Tuesday to log their first gain in four session, lifting U.S. benchmark prices to their highest finish in almost seven weeks. On Wednesday, the most-active West Texas Intermediate crude for December delivery, which now also the front month, rose 64 cents, or 1.6%, to settle at $41.70 a barrel …
Changes are coming for telephone customers in the 405 area code and they will lead to 10-digit dialing for local calls. The Oklahoma Corporation Commission announced that starting Saturday, October 24 local calls within the 405 area code can be made by either dialing the local 7 digit local number or by dialing the …
Fortune magazine’s newest list of the Most Powerful Women in Business includes only one true energy CEO. She is Lynn Good, head of Duke Energy. The 61-year old Good was ranked 19th on the 2019 list of Fortune’s 50 most powerful women in business and this year was picked to be the 23rd most …
Congressman Tom Cole (OK-04) applauded last week’s announcement from the U.S. Department of Commerce’s Economic Development Authority (EDA) that a $1.25 million grant will be awarded to the Ardmore Development Authority, located in the Fourth District of Oklahoma. The funding will go toward water infrastructure upgrades needed to support business growth at the Ardmore Industrial …
Former Oklahoma Corporation Commissioner Ed Apple died on Friday, Oct 16 at his home in Duncan. He was 87 and was also a former Oklahoma State Representative. His death was discussed at the Tuesday meeting of the Corporation Commission as members remembered him. “He really had a heart for Oklahoma,” said Commissioner Dana Murphy. …
