A new nationwide study on how the coronavirus combined with the oil crisis has affected the nation’s travel shows a decline everywhere. Even in Oklahoma. The Brookings Institute reported every metro area in the country experienced a traffic decline of at least 53% since the beginning of March. Of cities in Oklahoma, Stillwater had the …
** Oklahoma City’s Mammoth Energy Services, Inc.announced that it intends to release financial results for the first quarter of 2020 after the market close on May 7, 2020. A conference call to discuss the results has been scheduled for Thursday, May 7, 2020 at 4 p.m. central time. ** Blueknight Energy Partners, L.P.plans to release first quarter 2020 financial …
In response to the unprecedented downturn in oil prices and the impact of the coronavirus pandemic on many industries, the Ronnie K. Irani Center for Energy Solutions at the Mewbourne College of Earth and Energy at the University of Oklahoma will offer a complimentary crisis management webinar to the public. From 11 a.m. to 12:30 …
More and more Oklahomans are joining the unemployment lines as companies are forced to cut their workforces, either because of the coronavirus pandemic, the oil crisis or a combination of the two. The latest figures provided by the Oklahoma Workforce Development office indicated at least 1,856 people were left unemployed as of last week. Bill …
ONEOK in Tulsa is planning on offering more notes for sale as it seeks apparent new and additional funding on top of the nearly $9 billion in outstanding notes. The company made a filing Monday with the Securities Exchange Commission in which it outlined a planned sale of notes. However, details such as the amount,the …
Like oil and gas companies, the country’s renewable energy industry is suffering too from the coronavirus pandemic. It has delayed construction and put thousands of skilled laborers on the unemployment lines as solar and wind projects are delayed. In locked-down California, some local agencies that issue permits for new work closed temporarily, and some …
This will be a busy week for many oil and gas companies and others active in the energy industry as they release their quarterly reports. Oklahoma City’s Devon Energy will release its first quarter 2020 results after the close of markets on Tuesday. It will follow up with a conference call Wednesday at 9 a.m. …
Two energy companies that jointly own and operate an Oklahoma wind farm announced another of their projects in Iowa is in full commercial operation and delivering electricity to its customers. EDF Renewables and Alliant Energy own and operate the Great Western Wind Farm, a 113 megawatt project involving 93 turbines and supplies energy under …
With leaders of Tulsa-based Helmerich and Payne declaring the unprecedented events caused by COVID-19 have had a dramatic impact on the company, they said the firm suffered a net loss of $421 million or $3.88 per diluted share for the quarter ending March 31, 2020. Further, the company incurred a non-cash impairment charge of $563 …
Oklahoma regulators delayed a decision on whether to develop an emergency rule to determine where crude could be stored in off-lease sites. In a meeting on Thursday, members of the Corporation Commission heard testimony then decided to put off a decision, favoring more testimony in the matter. Of those who testified Thursday, Terry Stowers of …