Even as Gulfport Energy Corp. made the Sunday Oklahoman’s list of top major companies in Oklahoma, the Oklahoma City company filed for Chapter 11 bankruptcy this week. Its Nov. 13 filing in U.S. Bankruptcy Court in Houston, Texas showed the firm declared nearly $2.5 billion in liabilities as of Sept. 30. The filing showed …
** A circuit court judge orders tree sitters blocking the Mountain Valley Pipeline to leave a southwestern Virginia encampment they have occupied for more than two years according to the Roanoke Times. ** American Electric Power will refurbish three coal-fired plants in West Virginia and one in Arkansas with new coal ash-handling systems to meet EPA requirements reported The Intelligencer. ** New York announces …
As crude oil futures dropped on Friday, just the opposite happened for energy stocks of Oklahoma companies and those that have operations in the state. Increases came after a dramatic increase earlier in the week followed by a tumble in the prices of shares on Thursday. West Texas Intermediate crude for December contracts dropped …
The number of active oil and gas rigs in Oklahoma increased by one in the past week, increasing to 14 and going hand-in-hand with the nation’s count which also gained in numbers. It shows the oil and gas industry continues struggling with the impact of the coronavirus pandemic. Baker Hughes on Friday reported total …
The business group Northwest Arkansas Council has launched a $1 million program aimed at filling an estimated 10,000 job openings in the region of Arkansas. Called “Life Works Here“, the program is aimed at luring science, technology, engineering, arts and math workers to the area. The six-month initiative, according to the Council will bring …
The leaders of the Oklahoma House Republican Caucus who will be responsible for pushing through any energy-related bills in the legislature were chosen this week. State Rep. Charles McCall, R-Atoka, is speaker-elect as no one else filed for that position. This would be his third term as speaker. Rep. Terry O’Donnell, R-Catoosa was chosen …
Not a good day Thursday for Oklahoma energy stocks as most suffered losses in their trading, just as crude oil futures did. The December contract for West Texas Intermediate crude dropped 25 cents to settle at $40.87, which represented a nearly 1% loss. Global benchmark Brent crude fell 27 cents or about 1% to settle …
HollyFrontier Corporation announced that its Board of Directors declared a regular quarterly dividend in the amount of $0.35 per share, payable on December 7, 2020 to holders of record of common stock on November 23, 2020. The dividend is the same amount as one declared in the second quarter 2020 when HollyFrontier also reported …
Leadership in Oklahoma-based Enable Midstream Partners, LP will be busy in the next few weeks attempting to attract new investors by taking part in some virtual investor conferences. Senior management will be included in the RBC Capital Markets Midstream and Energy Infrastructure Conference on Wednesday, Nov. 18, 2020. They will follow that up with …
A weekly update by data providing Enverus showed another increase in the number of active oil and gas rigs in the U.S. The firm based in Austin, Texas reported the number rose by 10 in the past week to reach 367. The number increased by 46 over the past month but is still down …