Tuesday’s elections weren’t just about “energy” in Oklahoma, for example with the election of Brian Bingman as the newest Corporation Commissioner. The decisive re-election of former President Donald Trump will have an impact on Oklahomans and others,especially in the form of his “drill baby drill” oil and gas theme. The industry obviously has …
ODOT seeks public input for new 25-year Long Range Transportation Plan
The Oklahoma Department of Transportation is looking for public input on the newest edition of the department’s 2025-2050 Long Range Transportation Plan. Public input will be the foundation for setting the transportation priorities and policies that will impact daily travel, business operations and infrastructure improvements throughout Oklahoma during the next 25-years. This federally …
Net loss prompts Gulfport Energy to lower guidance for rest of 2024
Gulfport Energy Corporation saw increased oil production and adjusted earnings in the third quarter but still recorded a net loss of $14 million. As a result, the Oklahoma City energy company reduced guidance by 4% for drilling and completion capital expenditures. The firm had $61.8 million of adjusted net income and $178.1 million of …
Devon recorded another strong 3Q but below 2Q net earnings
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 …
Attorney General rules Corporation Commissioners aren’t real judges
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 …
Mitchell Talks Energy—the campaign results and their impact on energy in Oklahoma
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.
3Q earnings report coming from Mach Natural Resources
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 …
Tulsa’s Spirit Aerosystems plant at play in survivability of company
“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 …
Energy briefs
** 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 …
Bingman ready for “hard work” at Corporation Commission
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 …