The kind perspective that many major news groups give to coverage of President Trump isn’t the only example of the “spin” put on stories. Environmentalists in news agencies have their own slant on energy stories and sometimes their bias is easily displayed. Take for example the trespassing laws like those enacted by the Oklahoma legislature …
After a profit of more than $121 million in the third quarter of 2018, Denver-based Whiting Petroleum reported a loss of $19.1 million in the third quarter of 2019. On a per share basis, the loss was 21 cents according to the earnings report released this week. The adjusted net income lost more than $35 …
Plains All-American Pipeline reported its third quarter 2019 earnings were ahead of expectations even as net income for the quarter dropped 37 percent from a year ago. Net income attributable to the Houston, Texas company was $449 million for the quarter, down from the $710 million reported in the third quarter of 2018. Net income …
Enable Midstream Partners, LP reported a drop in its third quarter 2019 net income while at the same time it saw record oil production in some of its operations. The Oklahoma City company had net income of $132 million attributable to limited partners which was $6 million less than in the third quarter of 2018. …
Virginia-based AES Corporation, the firm that sold its power operation in eastern Oklahoma earlier this year reported a large jump in earnings per share for the 2019 third quarter. The company had revenue of $2.63 billion and its third-quarter profit totaled $210 million. The results were better than what Wall Street analysts predicted. Earnings per …
While most military bases in the U.S. are reporting contaminated ground water, usually from fire-fighting foam, the Pentagon has a plan to address the cancer-linked chemicals. A group of civilian researchers is exploring a high-tech solution according to a report in Military Times. The Enhanced Contact Plasma Reactor made its debut in September at Wright-Patterson Air …
The three-well single pad we reported earlier this week to be completed in Oklahoma’s STACK by Houston’s Oklahoma Energy Acquisitions LP was actually four wells at the same site. The company initially filed three completion reports showing production of more than 700 barrels of oil a day at 13 17N 5W in Kingfisher County …
Oklahoma City’s Devon Energy reported 2019 third quarter net earnings of $109 million or 27 cents a diluted share along with a 22 percent increase in cash flow, resulting in an increase in the full year 2019 guidance for the company. Core earnings were $103 million or 26 cents a share while the operating cash …
Dealing with more than $2 billion debt, Kansas City-based Ferrellgas now faces a move in federal court by the trustee for the company’s employee stock ownership plan to replace the entire board of directors. The company is considered one of the largest propane marketers in the nation. Reports say GreatBanc Trust Co. of Illinois made …
** The Society of Exploration Geophysicists (SEG) has sold the Geophysical Resource Center (GRC) in south Tulsa for $27 million, land records show. The center is 78,992 square feet in size and was valued at $20 million when it was formally opened in 2015. It was intended to boost the Society’s revenue stream and offer more office space to Tulsa businesses. ** The city of Las …