Investors in Occidental Petroleum Corp were in for a shock on Monday when the company posted a larger-than-expected fourth-quarter loss. Even though oil and gas prices rose during the quarter, the company still posted a $731 million loss compared with a loss of $269 million in the same quarter a year earlier. Click here …
Coming off historic cold and brutal weather in Oklahoma, Texas and Kansas, Williams Cos. on Monday reported $208 million net income or 17 cents per diluted share. The Tulsa-based company said its full year 2020 results validated the strength of natural gas strategy in the face of what it called “significant headwinds.” Leadership expects …
Crude oil prices made big rebounds in Monday’s trading as West Texas Intermediate, considered to be the benchmark U.S. crude oil price rose above $61. WTI for March delivery went up $2.25 a barrel to settle at $61.49 a barrel in Monday’s trading. Global benchmark Brent crude oil for April delivery jumped $2.33 to finish …
This is a big week for some Oklahoma energy companies as they release their quarterly financial reports. ONEOK’s fourth quarter report will be released after the close of Tuesday’s markets. HollyFrontier will release its fourth quarter results on Wednesday before the opening of trading on the New York Stock Exchange. A webcast conference will …
Minnesota is the latest state to consider a law like Oklahoma did four years ago—one targeting trespassing protesters against oil and gas pipelines. Then-Gov. Mary Fallin signed it into law in 2017 and increased penalties against protesters who trespass on property containing a critical infrastructure facility. The Oklahoma law provides for a felony charge …
Oklahoma Congressman Frank Lucas and 15 other Republicans on the House Committee on Science, Space and Technology say it’s time public schools reopened after being closed over the COVID-19 pandemic. He and others sent a letter to Rep. Eddie Bernice Johnson, the Democrat who chairs the committee and requested a hearing on reopening schools …
The fourth quarter and full-year 2020 earnings reports by Oklahoma City’s Mammoth Energy Services, Inc. will be released this week. The company said the results will be made available to the public following the close of markets on Thursday, February 25, 2021. A conference call will follow at 4 p.m. Central Time on the same …
Oklahoma Gov. Kevin Stitt’s executive order issued last week in defiance of President Biden’s executive orders targeting oil and gas drew support from Republican legislators and criticism from Democrats. In his order, Gov. Stitt declared that Oklahoma has the right to determine how to best develop its own natural resources. As the Tahlequah Daily …
The rolling blackouts and the frigid weather that gripped Oklahoma last week gave pause for editors at the Enid News and Eagle to suggest…oil and gas are still reliable sources of energy. In an editorial over the weekend, the newspaper took note— ” With respect to the electrical problems faced in Oklahoma and Texas, in …
Oklahoma Corporation Commissioners plan a special public meeting on Thursday to continue discussion of its inquiry into energy and public utilities issues. The meeting will be a technical conference where no vote is anticipated on “PUD 202000083: Inquiry of the Oklahoma Corporation Commission to examine issues related to energy and public utilities.” A similar …