Williams Cos. announced its offer of $1.5 billion in senior notes as the Tulsa company intends to use the source of funds to not only repay its commercial payer but to fund capital expenditures and other general corporate purposes. Williams announced that it has priced a public offering of $450 million of its 4.800% …
Crude oil recorded gains on Friday and finished the week more than 3.5% stronger, thanks to positive economic data and signals the Fed policymakers might cut interest rates in September. West Texas Intermediate crude rose 65 cents or 0.9% to close at $76.84 a baarrel on the New York Mercantile Exchange. Global benchmark Brent crude …
Oklahoma City’s Mammoth Energy Services won’t learn perhaps until next month whether a judge will sign off on a multi-million dollar settlement of unpaid work it did in restoring electrical power to Puerto Rico following the 2017 Hurricane Maria. Mammoth has been in a lengthy legal fight over the unpaid hundreds of millions of dollars …
The nation saw a gain of two rigs in the past week to reach 588, reported Baker Hughes Co. on Friday. Oklahoma’s count was unchanged from the previous week with a total of 35 rigs. A year ago, the state had 40 active oil and gas rigs. Nationally, Baker Hughes indicated the U.S. count …
County commissioners in Wichita, Kansas plan a vote this week to set limits on large-scale solar projects but one developer already says it would block his company’s planned $200 million project. Sedgwick county commissioners are proposing rules to limit solar projects to 1,280 acres and at the same time, ban large farms that …
** Chrysler-parent Stellantis is laying off as many as 2,450 factory workers from its Warren Truck assembly plant outside of Detroit as the automaker ends production of the Ram 1500 Classic truck. ** The Biden administration is proposing to restrict the federal lands that are open for future coal mining in North Dakota — though …
Southwest Power Pool’s (SPP) President and CEO Barbara Sugg announced on August 8 that she will retire in April 2025 following 35 years of service to the organization. SPP’s board of directors has engaged search firm Heidrick & Struggles to assess internal and external candidates to identify Sugg’s replacement. The board will name a …
Not only did crude oil prices climb on Thursday, but so did Oklahoma energy stocks as U.S. jobs data reportedly eased demand concerns. Prices were buoyed after data showed the number of Americans filing new applications for unemployment benefits fell more than expected last week reported Reuters. At the same time, the growing spectre of an …
The scandal surrounding Oklahoma Corporation Commissioner Todd Hiett isn’t going away. More allegations are reported to soon be surfacing. Accused of drunkenly groping a man at a Minneapolis, Minnesota bar where he was attending a national convention in June, Hiett steadfastly refuses to resign, although this week he surrendered his chairmanship of the three-member …
The volatility in natural gas prices forced Oklahoma City’s Ascent Resources to include more oil production, but the company still reported a net loss of $98 million along with adjusted net income of $96 million. The firm indicated it had adjusted EBITDAX of $333 million and cash flows from operations of $211 million …
