Devon Energy Corp.reported another strong earnings report for the third quarter, but not quite as strong as its second quarter. And it’s not declaring a dividend as a result of lower prices. The Oklahoma City company recorded net earnings of $812 million or $1.30 a share and core earnings of $683 million and $1.10 …
Just because something “walks like a duck, quacks like a duck and acts like a duck,” it’s not a duck. At least, that’s the legal opinion of Oklahoma Attorney General Gentner Drummond regarding the court-like proceedings of the Oklahoma Corporation Commission where sometimes the commissioners are referred to as “your Honor.” In another opionion …
Political races are decided from the White House to the Oklahoma Corporation Commission. The impact on Oklahoma? It’s discussed in this latest podcast of Scott Mitchell talks energy with Jerry Bohnen.
Third quarter earnings by Oklahoma City’s Mach Natural resources LP will be released next week. The release will be on Tuesday, Nov. 12 after the closing of trading on the New York Stock Exchange. The earnings release for the third-quarter 2024 results will be available on the Company’s website at https://ir.machnr.com. The Company will …
“Substantial doubt.” It’s what Spirit AeroSystems says about its ability to remain in business. The Wichita, Kansas-based company is a key supplier to US planemaker Boeing and has a major operation in Tulsa, where 5 years ago, it hired 250 more employees and invested more than $80 million in capital projects. The Spirit …
** Diamondback Energy Inc., the largest independent oil and gas producer in the Permian Basin, warned that the US shale industry may be growing to its own detriment again. The company is planning to hold its own output growth to 2% next year and said it can be flexible with spending if the oil market …
Brian Bingman didn’t get a million votes in his bid to become Oklahoma’s newest Corporation Commissioner, but he came close. The final unofficial count, according to the Oklahoma Election Board, gave the former state Senate President a total of 978,870 votes or 63.68% of the 1,537,252 votes cast in the statewide election. He …
With more than 91% of Oklahoma’s precincts reporting late Tuesday night, Republican Brian Bingman had a strong lead in winning the Oklahoma Corporation Commission seat. The former state Senate President pro tempore will replace long time commissioner Bob Anthony in January of 2025. Bingman had amassed 885,801 votes out of the total of …
Judy Love, who along with her late husband, Tom Love, founded Love’s Travel Stops died Tuesday. She was 87. The company announced her death on its website. Alongside her late husband, Tom Love, Judy was instrumental in building their family-owned business, Love’s Travel Stops, which they founded in 1964 with a $5,000 loan. Judy’s …
The latest Gulf of Mexico storm sent crude oil prices up nearly 1% on Tuesday. Tropical Storm Rafael has already forced oil companies to begin evacuations of operations in the Gulf and could result in some 4.9 million barrels of oil production a day being taken offline. It might do the same with natural …
