Mancamp provider Civeo Corporation reported first quarter revenues of nearly $168 million but at the same time a net loss of $6.4 million or 42 cents a share. The Canadian based company, with an operation in El Reno, Oklahoma, recorded adjusted EBITDA of $20.2 million and negative free cash flow of $2.1 million. The …
A quarterly cash dividend was announced by Alliance Resource Partners, L.P. in Tulsa prior to the release of its quarterly financial report. The Board of Directors approved a cash distribution of $0.70 per unit which figures into an annual rate of $2.80 per unit. The distribution will be payable on May 15 to all …
Cheniere Energy, Inc., the Houston company with a major natural gas line through Oklahoma’s STACK and SCOOP plays announced quarterly cash dividend. The Board of Directors approved a dividend of $0.395 per common share payable on May 17 of this year to shareholders of record as of the close of business on May 10, …
Under a bill approved by the legislature and sent to Texas Gov. Greg Abbott is a proposed law creating higher annual registration fees for electric vehicles. The bill would impose an annual $200 feet for the registration or renewal of an EV and another $400 to register a new electric vehicle according to Fox …
Chesapeake Energy Corporation’s annual meeting has been set for Thursday, June 8 and it will be totally a virtual meeting. Starting at 10 a.m. Central Time, the meeting agenda includes the usual selection of members to the board of directors, the approval of executive officer compensation, frequency of advisory votes for such compensation, and …
Mammoth Energy’s first quarter proved to a strong one for the Oklahoma City-based company as it reported total revenue was up 87%, reaching $116.3 million. It compared to $62.3 million recorded a year earlier. The more than $116 million was also a 13% improvement over the fourth quarter 2022 total revenue of $102.9 million …
Oklahoma Congresswoman Stephanie Bice is one of the key Republicans behind legislation to stop a new Biden administration rule that if put into effect would force lower-risk mortgage borrowers to help subsidize lower rates for the high-risk borrowers. Bice is vice chair of the Republican Main Street Caucus and told Fox News Digital that …
Keystone Pipeline operator TC Energy admits it is investigating other possible sites that could potentially be sources of a leak like that big one that occurred last December in northern Kansas. The company is looking for areas of the pipeline with characteristics similar to the one near Washington, Kansas where 12,000 barrels of crude …
** A lawsuit by environmentalists seeking to block the 2021 sale of Gulf of Mexico oil and gas leases auctioned off by the federal government was rejected Friday by a federal appeals court in Washington. Energy companies including Shell, BP, Chevron and ExxonMobil offered a combined $192 million for drilling rights on federal oil and gas reserves in the …
AAA says the coming months promise to be a very busy summer for travel, even though we’re a month away from the Memorial Day holiday and the unofficial kickoff to the summer driving season. The automobile agency reported this week that international travel bookings this year are already up 200% compared to 2022 and …
