When Elon Musk speaks, people listen. The CEO, co-founder and product architect of Tesla, Inc. continues his unconventional approach to running his beloved electric vehicle empire. As news spread on Tuesday about Musk’s desire to take the company private at $420 per share in order to better serve the company’s long term interests, six members …
Is it time for a convergence of the three separate power grids creating the U.S. electric transmission network? According to a recent article published by David Wagman in IEEE Spectrum, the results of a seam study finds considerable economic and engineering value in fortifying the connections to better distribute power resources around the country. The …
In the far northwest Colorado city of Steamboat Springs, Interior Secretary Ryan Zinke will be welcomed by critics and supporters alike on Friday. Based on stories in the Steamboat Pilot and Today newspaper, some see the former Montana congressman as “embattled” while others see him as an important member of President Trump’s cabinet. However, it …
– SandRidge Energy, Inc. on Wednesday announced financial and operational results for the quarter ended June 30, 2018. For the second quarter, the Company reported a net loss of $34 million, or $0.97 per share, and net cash provided by operating activities of $26 million. After adjusting for certain items, the Company’s adjusted net loss amounted to …
Governor Mary Fallin on Wednesday announced she has appointed Robert A. “Bob” Peterson to the Oklahoma Transportation Commission. Peterson, of Tulsa, will replace Peter J. Regan, who has resigned. Regan, of Tulsa, was reappointed to the Transportation Commission by Fallin in 2011 and in 2016. Peterson will represent District 8, which covers the northeast part …
Houston based Key Energy Services, Inc. reported second quarter 2018 consolidated revenues of $144.4 million and a pre-tax GAAP loss of $16.7 million, or $0.84 per share. The results for the second quarter include expenses of $0.3 million, or $0.02 per share, associated with certain equity awards and gains on sale of assets of $0.7 …
Some red faces no doubt exist at at least one or maybe two federal agencies after they learned a North Dakota rancher wrongly was allowed to build a bridge over the Little Missouri River. The problem with rancher Wylie Bice’s bridge northwest of Killdeer? One end sits on public land. The other sits on …
After the Texas Public Utility Commission denied an application for the Wind Catcher Energy Connection project, Tulsa-based Public Service Co. of Oklahoma conceded victory and filed to withdraw a similar application for the wind farm before the Oklahoma Corporation Commission on Tuesday. Last week, the Texas Public Utility Commission rejected the certificate of convenience and …
A blockbuster move by a Senate bipartisan coalition will require Amtrak to provide $3 million in rail-repair funds to assist with continuity of the Southwest Chief passenger service, according to a recent report published in the Pueblo Chieftain. Six senators from Kansas, Colorado and New Mexico placed an amendment into a national transportation appropriations bill …
NGL Energy Partners LP (NYSE:NGL) (“NGL,” “our,” “we,” or the “Partnership”) today reported a net loss for the quarter ended June 30, 2018 of $169.3 million, compared to a net loss of $63.7 million for the quarter ended June 30, 2017. The net loss for the current quarter includes a loss on the disposal and impairment …