** Cactus, Inc. announced that it will issue its fourth quarter and full year 2020 earnings release after market close on Wednesday, February 24, 2021. The Company will host a conference call to discuss financial and operational results on Thursday, February 25, 2021 at 9:00 a.m. Central Time (10:00 a.m. Eastern Time). ** BP swung to its …
Chesapeake prepares to come out of bankruptcy with $1 billion note offer
As it prepares to emerge from Chapter 11 bankruptcy, Oklahoma City’s Chesapeake Energy Corporation announced the offering of $1 billion in senior notes….presumably a move to give the company more available cash to head forward with its operations. The private offering includes $500 million in senior unsecured notes due 2026 and another $500 million …
Enviros fight Public Service Company’s coal plant move in New Mexico
A fight’s brewing in northwest New Mexico where environmentalists are challenging plans by Public Service Co. to abandon its share of the coal-burning Four Corners Power Plant near Farmington. Environmentalists contend the plan would violate New Mexico’s landmark energy law. The Associated Press reported the groups called New Energy Economy and Citizens for Fair …
SandRidge Permian Trust announces distribution
The SANDRIDGE PERMIAN TRUST announced a distribution of approximately $3.9 million, or $0.075 per unit this week. The distribution is based on royalty interests of wells in the Central Basin Platform of the Permian Basin in Andrews County, Texas. The distribution is expected to occur on or before February 26, 2021 to holders of …
Williams to release 4Q earnings report Feb. 22
Williams plans to announce its fourth-quarter and full-year 2020 financial results after the market closes on Monday, Feb. 22, 2021. The Tulsa company’s fourth-quarter and full-year 2020 earnings conference call and webcast with analysts and investors is scheduled for Tuesday, Feb. 23, 2021, at 9:30 a.m. Eastern Time (8:30 a.m. Central Time). Williams reported net …
Alliance Resource Partners announced improved earnings with higher coal sales
Tulsa’s major coal and energy firm, Alliance Resource Partners, L.P. is seeing better days. The company reported improved financial and operating performance for the quarter ended December 31, 2020 compared to the quarter ended September 30, 2020 . Increased coal sales and oil & gas royalty revenues drove total consolidated revenues higher by 3.1% …
New Mexico pushes ‘forever’ chemical lawsuit—wants it returned to the state
The state of New Mexico is fighting a federal court order that moves its “forever chemicals” lawsuit from New Mexico to South Carolina. The New Mexico Environment Department and the Attorney General filed a writ of mandamus this week asking the Fourth Circuit Court to vacate its decision and send the case back to …
Still more Ovintiv wells completed in Oklahoma’s STACK
Ovintiv Mid-Continent Inc. showed it isn’t finished filing completion reports on big producing wells drilled last year. The latest were in Canadian County which is part of the STACK play and southeast of Okarche where the company had been active in the past year. All five were Brueggen wells, three drilled at a single …
Siemens Energy to cut 7,800 jobs
Siemens, the German-based company that provided many of the wind turbines in Oklahoma announced it plans to slash nearly a sixth of its workers worldwide. The company said the layoffs will be in its gas and power division and represents a sign of a worldwide shift to green energy. Bloomberg reported that Siemens will …
Oil futures increased in Monday’s trading to hit $56 a barrel overseas
Oil futures saw some gains in Monday’s trading as West Texas Intermediate crude, considered the benchmark U.S. oil for March delivery rose $1.35 to finish at $53.55 a barrel on the New York Mercantile Exchange. Brent crude for April delivery finished up $1.31 to close at $56.35 in trading on ICE Futures Europe. March …