Tulsa’s Laredo Petroleum is asking shareholders to allow an increase in corporate shares to 40 million. In another proxy statement filing Friday with the Securities Exchange Commission, the company said the Board of Directors wanted to increase company shares from the current 22,500,000 and that the request was “routine.” The company’s scheduled annual meeting …
Crude prices slipped on Friday and took OK energy stocks with them
Crude oil prices closed the week with a drop following renewed diplomacy over Russia’s bloody invasion of Ukraine. They ended with a nearly 4% drop for the week, caused by a number of things including weaker global growth, COVID-19 lockdowns in China, and of course, the war in Ukraine. West Texas Intermediate crude …
Other US and world energy headlines
** President Biden commemorated Earth Day on Friday by unveiling a raft of new policies to combat deforestation, including the signing of an executive order that safeguards old-growth forests on federal lands. ** More than 80 percent of oil and gas well completions in the United States were horizontal or directional in 2021, and although the total number …
Halliburton warns of risks to its Russian assets
Halliburton Co. fears it faces Russian government seizure of its $340 million in assets in the country. On Friday, the oilfield services company came out with a warning about the possible loss of its holdings in Russia after it suspended operations there following the start of Russia’s invasion of Ukraine reported Reuters. Click here …
Spire and Evergy balk at Kansas City’s environmental move
Two utilities in Kansas City are not so eager to jump into the efforts of the city in its climate action plan. Spire and Evergy object to Kansas City’s move away from fossil fuels like coal and natural gas for heating and power to homes reported the Kansas City Star. Click here for Kansas …
Chaparral Energy rebrands to become Canvas Energy
Oklahoma City-based Chaparral Energy, Inc., a privately held company that survived two bankruptcies since 2016, announced its corporate rebranding to Canvas Energy Inc., completing its strategic transformation. The rebranding includes the launch of a new name, logo, website, and updated corporate presentation that build on the Company’s premier operations and financial strength. “Our new …
Dividend declared by ONEOK
The board of directors of ONEOK, Inc. on Thursday declared a quarterly dividend of 93.5 cents per share, unchanged from the previous quarter, resulting in an annualized dividend of $3.74 per share. The dividend is payable May 16, 2022, to shareholders of record at the close of business May 2, 2022.
Crude oil rose again on Thursday but OK energy stocks suffered
While traders considered a European ban of Russian oil, crude oil prices rose in Thursday’s trading. It didn’t help Oklahoma energy stocks as they took it on the chin. West Texas Intermediate crude for June delivery increased $1.60 to finish the day at $103.79 a barrel on the New York Mercantile Exchange. Global benchmark …
Clean air report hands out pollution grades
A new report from the American Lung Association reveals that nearly 9 million more people were impacted by particle pollution, which can be deadly, than in last year’s report. The report released on Thursday did not include any Oklahoma cities or counties on any lists of especially clean air in the U.S. None in …
GOP Senators complain of unnecessary pipeline regulations
Oklahoma U.S. Sen. Jim Inhofe is among 10 Republican Senators who have come out against the Biden administration’s recent move for more restrictions under a Nation Wide Permit review, a move they contend will slow down pipeline construction in the middle of a growing energy crisis. The Senators sent a letter to the administration …