ONE reported higher results both for the last quarter of the year and for all of 2019. And earnings continue to improve in 2020. ONEOK’s net income increased 9% in the fourth quarter 2019 and 11% for the full year 2019, compared with the same periods in 2018. Adjusted EBITDA went up 5% reaching more …
Tulsa-based OGE Energy Corp. reported increased earnings in 2019 compared to 2018 but quarterly earnings were down. The company stated its earnings were $2.16 per average diluted share in 2019 compared with $2.12 in 2018. In 2019, OG&E, a regulated electric utility, reported net income of $350 million and contributed $1.74 per diluted share, compared with $328 million, or $1.64 per diluted share in …
Oklahoma City’s Devon Energy is riding high after reporting not one but three sister wells this week with combined production of more than 5,200 barrels of oil a day out of the STACK play. We initially reported the company had one Everett 12_1-15n-11w well with production of 1,578 barrels a day at the site …
Williams Companies in Tulsa calls it nothing but a rumor and tries to downplay it, but Reuters reports the company is intent on finding a partner to invest in its pipelines, a move that could theoretically raise $5 billion for the company. Reuters attributed its information from “people familiar with the matter.” The …
SandRidge Energy leader John Suter was up front about his Oklahoma City company’s 2019 earnings performance. It wasn’t good. He described it as a “challenging year” after the company announced a fourth quarter net loss of $249 million or $7.01 per share. The adjusted net loss was $4 million or $0.11 a share even …
Tulsa’s WPX Energy reported a $121 million fourth quarter 2019 loss or $0.29 per share from its operations even after a 16 percent increase in oil volumes. It also intends to push forward with a $400 million repurchase of WPX shares. The company said its total 2019 net income of $256 million was 70% higher …
Oklahoma U.S. Sens. Jim Inhofe and James Lankford voted Tuesday in support of the confirmation of Katharine MacGregor to be deputy Interior secretary. Her confirmation came on a 58-38 vote with five Democrats voting in support of her nomination by President Trump. MacGregor also secured support from Florida Sen. Marco Rubio, who had placed and then …
ExxonMobil will contribute $500,000 to a fund used to clean up leaks from petroleum storage tanks as part of a settlement reached with New Mexico. The Associated Press reports the settlement stems from a 2010 lawsuit that alleged the company used money from the state Corrective Action Fund to clean up petroleum contamination at a …
** The Federal Trade Commission said Wednesday it has filed a complaint challenging a proposed joint coal mining venture by two of the world’s biggest coal producers, both based in St. Louis, who said they plan to continue to pursue the deal. Peabody Energy and Arch Coal announced in June that they had agreed to combine …
The nation’s 2,000 community-owned electric utilities agreed for the first time this week that Congress needs to take action to address climate change. And dozens of Oklahoma utilities are a part of the agreement. The American Public Power Association, meeting in Washington, unanimously approved a resolution in support of current bipartisan efforts to reach a …