Civeo Corporation, the man camp service provider that closed its Oklahoma operations in the middle of the pandemic and oil crisis reported a first quarter 2020 loss of $146.5 million or 87 cents a diluted share. The Houston-based company said its first quarter revenues were $138.8 million and operating cash flow amounted to $20.8 …
We’ll learn later today how well Continental Resources Inc. did in the first quarter of the year. The Oklahoma City-based company will release its earnings report before the open of trading Monday on the New York Stock exchange. At 11 a.m. Central Time, the company will hold a conference call where executive leadership will discuss …
Executives at Chesapeake Energy are taking big pay cuts in light of the oil crisis and the coronavirus pandemic and their combined impact on the oil and gas company. A filing with the Securities and Exchange Commission stated that the companies two top officers, President and CEO Robert Lawler and Executive Vice President …
Will crude oil prices pick up where they left off on Friday and continue surging higher? That’s the question on Monday after crude prices finished higher last week as benchmark prices finished up by 25%. West Texas Intermediate was up 5% or $1.19 and finished at $24.74 a barrel, just under the $25 mark. Analysts …
In a month, Oklahoma Natural Gas will be before the Oklahoma Corporation Commission asking for a $11.8 million rate hike. In a notice to its customers this week, ONG said its rate hike request will be heard June 11 at 1:30 p.m. before the Commission. “The requested increase is necessary to recover increased business …
Gulfport Energy Corporation in Oklahoma City reported it lost $517 million in the first quarter of the year despite reducing total long-term debt by nearly $80 million and improving its drilling efficiencies. The company reported its net loss of $517.5 million amounted to $3.24 per diluted share and its adjusted net income was $16.6 million …
Oklahoma City-based Panhandle Oil and Gas reported a $20 million net loss or $1.21 a share in the quarter ending March 31, 2020 on top of a non-cash impairment of $29.5 million. The $20 million loss caused a continuing hit on the company’s net income which a year ago was a loss of $1.9 …
A move started three years ago by the Oklahoma legislature to protect energy pipelines and projects from protesters saw another state adopt similar efforts this week. Alabama lawmakers this week advanced legislation to add new criminal penalties to nonviolent protests against pipelines and other fossil fuel projects, setting a course to become the fourth state to …
A bipartisan group of senators called on the president to reject a previous request for Renewable Fuel Standard waivers from five oil-state governors, reported POLITICO. It means Oklahoma Governor Kevin Stitt finds himself in a political fight with Senators who are from mostly corn-producing states that rely heavily on the production of biofuels. “Waiving the RFS …
** Great River Energy will close a major coal plant in North Dakota several years early as it grows too costly to run while adding 1,100 MW of wind to its portfolio. As part of its coal transition, Great River Energy will repower a 99 MW coal plant in North Dakota to run on natural gas. North Dakota coal advocates raise concerns about …