Second quarter earnings for Tulsa-based Blueknight Energy Partners slipped $2 million as the company reported net income of $1.4 million along with operating income of $4 million and adjusted EBITDA of $16.1 million. But crude storage took a big jump upward and the company might make a stronger focus on terminalling. Net income was …
Gulfport Energy Corporation reported financial and operational results for the three months ended June 30, 2020 showing a net loss of $561.1 million or $3.51 per diluted share. The Oklahoma City company’s reported adjusted net income was $47.1 million or 29 cents a share for the quarter. Its generated adjusted EBITDA was $145 million while reported …
When the U.S. Senate voted Tuesday to confirm Mark Menezes to be deputy Energy secretary, he had the support of Oklahoma U.S. Sens. Jim Inhofe and James Lankford. But not of Iowa’s two senators and their opposition stems from the fight over biofuel blending requirements—those fought by at least one Oklahoma refinery and other …
As of mid-week, there are no operating drilling rigs in Wyoming. Zero. Nada. Zilch. For the first time in 136, the state of Wyoming has no active rigs drilling for oil or gas. The state’s total rig count fell to zero as the last rig was laid down and workers dismantled the operation. It …
While the state’s oil and gas production has nose-dived along with the number of rigs drilling, the Colorado Oil and Gas Conservation Commission has decided it’s time to increase the mill-levy rate on producing wells. The Commission, in a meeting on Tuesday adopted the increase and announced that it has reduced its spending “to balance …
A $77 million project to widen Interstate 40 from near Midwest City to Shawnee has been announced by the Oklahoma Department of Transportation. As The Oklahoman reported Wednesday, the interstate will be widened to six lanes from the Oklahoma-Pottawatomie county line to U.S. 177 in Shawnee—a distance of 7.5 miles. Work on the widening …
** Following a $16.8 billion quarterly loss, BP says it will cut oil production 40% by 2030 and invest more in renewable energy, an announcement one climate advocate says “has radically changed the game.” ** Exxon Mobil Corp told employees it would begin suspending the employer match to retirement savings plans beginning in early October, said sources who …
In what was considered a small step, the Texas Railroad Commission has voted to slowly make changes toward the reduction of the flaring of excess natural gas from producing wells. Texas regulators on Tuesday moved forward with proposed administrative changes that are expected to become part of a broader effort to tackle the years-long problem …
Gross Receipts to the Oklahoma Treasury jumped by more than 25 percent in July due primarily to the delayed income tax filing deadline, State Treasurer Randy McDaniel announced on Wednesday. But it didn’t affect gross production taxes on oil and natural gas in the state as they were down nearly 72% from a year ago….a …
Oklahoma’s Office of Workforce Services is a busy place these days in light of what the COVID-19 pandemic is doing to the world’s economies. In addition to the thousands of jobs lost in Oklahoma’s oil and gas industry—the most recent being the closure of a well-drilling manufacturing plant in Enid, companies that rely on …
