By curtailing some of its operations, like those in Oklahoma oil and gas industry service provider Civeo Corporation, the one that workers like to call the “man camp” company, reported improved second quarter earnings in a release this week. The Canadian-based firm reported second quarter revenues were $114.7 million while net income was $6.1 million. …
An upcoming virtual DUG Midcontinent conference will feature Continental Resources’ founder and executive chairman Harold Hamm as the opening keynote speaker. DUG made the announcement this week for its August 18 and 19 conference. As DUG put it, “One of the most successful and influential industry executives in the U.S, Hamm played a pivotal …
While West Texas Intermediate crude oil prices are being determined at Cushing, Oklahoma, the cross roads of crude oil transmission in the U.S., some wonder about the all-time highs and lows in the past decade or so. One doesn’t have to go back far to find them. Fox Business News recently explored the subject …
If Oklahoma congressman Markwayne Mullin has a choice of working with the Environmental Protection Agency or Oklahoma’s Department of Environmental Quality, it’s an easy decision. DEQ every time. It’s what he said publicly during a congressional hearing on Tuesday. Rep. Mullin (OK-02) is a member of the U.S. House Energy and Commerce Committee and …
A scientific breakthrough,funded in part by ExxonMobil is reported in the the effort to implement carbon capture as more and more demands are put on energy producing firms to reduce carbon dioxide emissions. If successful, it could lead to dramatic efforts to reduce those emissions in Oklahoma, Texas and other oil producing states. Oilprice.com …
Long lines of oil railcars sit idle in rail yards across Canada these days. By the thousands, they sit unused, just months after they were employed in record-numbers to move Canadian oil. But as Reuters found out, shippers have hit the brakes and as a result, tens of millions of dollars’ worth of infrastructure …
While the U.S. dollar steadied on Tuesday, oil futures recorded their lowest finish in more than a week and many Oklahoma oil and gas firms followed suit with declining prices of their shares. West Texas Intermediate crude for September delivery dropped 56 cents or nearly 1.4% to settle at $41.04 a barrel on the …
ONEOK’s second quarter earnings report showed the Tulsa company had a $134.3 million net income resulting in 32 cents per diluted share. The company stated that its adjusted EBITDA was $533.9 million while operating income totaled $355.7 million. Company leaders said based on the second quarter results as well as “crude oil pipeline takeaway” …
LSB Industries, Inc. in Oklahoma City will release its financial results for the second quarter ended June 30, 2020 on Wednesday, July 29, 2020, after the close of the stock market. LSB’s management will host a conference call on Thursday, July 30, 2020 at 10:00 am ET / 9:00 am CT to discuss these results. Participating in the call will be President & Chief …
Speed limits are being increased on Oklahoma’s turnpikes and some of its interstates, even though the approval for higher limits was approved last year. The Turnpike Authority met Tuesday to consider boosting the maximum speed limits on parts of its turnpikes from 75 mph to 8 mph. The Oklahoman reported Tuesday that the Oklahoma …
