The arrival of the KC-46 Pegasus air refueling tanker in the Air Force means more jobs and construction at Tinker Air Force Base in Oklahoma City. As Inside OKC reported, the work on the Oklahoma City Air Logistics Complex is resulting on a positive impact on the state’s economy. The massive program, which began …
Noble Energy, Inc., the company set to be acquired by Chevron later this year, is out with its second quarter earnings report showing a $408 million or 85 cent a diluted share loss. Excluding items impacting comparability, the Company generated adjusted net loss and adjusted net loss per share attributable to Noble Energy for the quarter of $114 …
More than 90 workers are set to lose their jobs with the pending closure and sale of the GEFCO, Inc. manufacturing plant in Enid. In a WARN notice to the Oklahoma Office of Workforce Development as well to Enid Mayor George Pankonin, the company said the closure will occur because GEFO plans to sell …
Oklahoma Attorney General Mike Hunter isn’t finished with the recent U.S. Supreme Court decision that resulted in a flood of inmates challenging their state convictions on historic tribal lands and confusion in the energy industry. In response to the challenges, some associated with the Muscogee (Creek) Nation, Hunter announced Monday he will file a brief with …
Crude oil prices ended higher on Monday with West Texas Intermediate crude for September delivery adding 74 cents or 1.8%. WTI settled at $41.01 a barrel in trading on the New York Mercantile Exchange as analysts credited the increase on upbeat readings on manufacturing activities. Some also see a limited field of improvement for …
Williams Cos. in Tulsa reported a second quarter net income of $303 million or 25 cents per diluted share while its adusted EBITDA for the quarter totaled $1.24 billion and $2.502 billion for the year to date—an increase for the year. The company reported that excluding its non-cash deferred revenue step down, the second …
After shutting in oil volumes in the second quarter of 2020, Oklahoma City’s Continental Resources still reported a net loss of $239.3 million or 66 cents a diluted share. The company’s earnings report, released Monday showed an adjusted net loss for the quarter was $255.7 million or 71-cents a share. Revenue for the quarter was …
More than a month after Oklahoma City’s Chesapeake Energy filed for Chapter 11, becoming the largest U.S. oil and gas producer to seek bankruptcy in recent years, there are daily filings in the case in the bankruptcy court of the Southern District of Texas. If one thing is clear, the process is keeping busy …
** Apache Corp. Apache Corporation and Total S.A. announced a major oil discovery at its 1.4-million-acre offshore Suriname tract. The Kwaskwasi-1 well was drilled offshore Suriname in Block 58. The well was drilled using the Noble Sam Croft with Apache as operator holding a 50% working interest and Total holding a 50% working interest. ** Dominion Energy is replacing its …
As expected, environmental groups are critical of the Trump administration for seeking to ease more rules for oil and gas drilling that were adopted under the Obama administration. The Associated Press reports the latest changes could save energy companies more than $130 million over the next ten years. The U.S. Bureau of Land Management …
