Mammoth Energy Services reported a 38% drop in total revenue along with a net loss of more than $15 million in the second quarter, but company leaders say they believe they have “turned a corner” for financial results. The Oklahoma City company reported total revenue of $60.1 million for the three months that ended …
The Oklahoma Department of Environmental Quality announced the development of a tool to estimate emissions from working and breathing losses from volatile organic liquid storage tanks. The tool is based off EPA’s updated AP-42 calculation method, which also replaces the outdated TANKS emissions estimation software. The new AP-42 method corrects errors for more accurate estimates. …
Oklahoma Corporation Commissioners responded this week to Tulsa city leaders, Lt. Gov. Matt Pinnell and 20 energy firms who expressed concerns in a recent letter about the lack of support they feel exists for the Tulsa offices of the agency. The Commissioners responded by stating they were surprised to hear of the concerns but …
An extension to the end of the year has been made for those schools, libraries and healthcare facilities who receive Oklahoma Universal Service Fund money to temporarily increase their entity’s bandwidth because of the COVID-19 pandemic. OUSF Administrator Brandy Wreath with the Oklahoma Corporation Commission had earlier announced in March that recipients of the …
The House passage this week of the Water Resources Development Act will include some $133 million in proposed improvements to the flood levees around the city of Tulsa and to the McClellan-Kerr Arkansas River Navigation System in eastern Oklahoma. Rep. Kevin Hern (OK-01) was among those who supported HR 7575 which passed the House …
** Royal Dutch Shell avoided its first quarterly loss in recent history, helped by a booming trading business, but announced nearly $17 billion in impairment charges reflecting a pessimistic outlook for oil and gas prices. Shell had warned last month it was set to slash the value of its oil and gas assets by up to $22 billion …
New Mexico Gov. Michelle Lujan Grisham is imploring President Donald Trump to side with state officials in opposing Holtec International’s plans to build an underground site that would house high-level, commercial nuclear waste in southeastern New Mexico. “New Mexico has grave concerns for the unnecessary risk to our citizens and our communities, our first …
Halliburton Company has announced the creation of a special lab to explore ways to create cleaner and more affordable energy. The company said Halliburton Labs would be a collaborative environment where entrepreneurs, academics, investors and industrial labs come together. Halliburton Labs, led by Executive Director Scott Gale, will accelerate the growth of innovative, early-stage …
ALLETE Inc., the Minnesota-based company building a large wind farm operation near Ardmore in southern Oklahoma reported a quarterly dividend was declared this week by its board of directors. The dividend amounted to 61.75 cents per share of common stock. On an annual basis the dividend is equivalent to $2.47 per share, unchanged from the …
Williams’ board of directors in Tulsa has approved a regular dividend of $0.40 per share, or $1.60 annualized, on the company’s common stock, payable on Sept. 28, 2020, to holders of record at the close of business on Sept. 11, 2020. The dividend is consistent with the second-quarter 2020 dividend and is a 5.3% …
