Oklahoma City’s LSB Industries, Inc. reported record earnings this week, stating that its EBITDA was an all-time highest quarterly in company history. Adjusted EBITDA was $158.1 million compared to $46 million in the second quarter a year ago. Net sales were $284.8 million, up from the $140.7 million recorded in the second quarter of …
Bice says Biden and Democrats are out of touch
Congresswoman Stephanie Bice says it’s wrong for the Biden administration to be pushing a Green New Deal agenda while the country’s oil and gas prices remain near record highs. Writing in her weekly column, the Republican Representative from Edmond stated, “Instead of punishing hardworking domestic oil and gas producers, we must remove the Administration’s …
New wells reported by Canvas Energy
Canvas Energy LLC of Oklahoma City reported completions of two wells on a single pad producing more than 1,000 barrels of crude oil a day in Canadian County. Located at 3 12N 7W, a site at the northeast edge of the city of El Reno, the Marble wells were completed in March 2022. The Marble 1307 1smh-34, …
MidAmerican Energy abandons plan to add 30 wind turbines in Iowa
Some Iowa residents are celebrating what they consider to be a victory over Big Wind. It’s in Madison County where Forbes called it a win for the power of people. Click here for Forbes
Oklahoma energy stocks had a strong showing as crude prices rebounded
A day after a tumble in trading, crude oil prices managed a Wednesday rebound of more than $2 a barrel and Oklahoma energy stocks had a strong response. It came following a report of lower crude oil inventories in the U.S., a U.S. interest rate hike and cuts in Russian gas flows to Europe. West …
No delays in Oklahoma’s turnpike expansion plan
Efforts are moving quickly by the Oklahoma Turnpike Authority to push ahead with its turnpike expansion plan. The Authority on Tuesday signed off on making a $74.8 million payment to engineers reported The Oklahoman. Click here for The Oklahoman
Groups sue to stop nuclear storage site in West Texas
Environmental groups have filed a lawsuit against the Nuclear Regulatory Commission for its approval of a nuclear storage waste site in far west Texas in the Permian Basin. The suit was filed in the U.S. District Court for the District of Columbia by such groups as the Sierra Club and Beyond Nuclear reported the Carlsbad Current-Argus. …
Quarterly dividend announced by Alliance Resources
Tulsa-based Alliance Resource Partners, L.P. announced that the Board of Directors of ARLP’s general partner approved an increased cash distribution to its unitholders for the quarter ended June 30, 2022. ARLP unitholders will receive a cash distribution for the 2022 Quarter of $0.40 per unit (an annualized rate of $1.60 per unit), payable on …
Cheniere announces quarterly dividend
Cheniere Energy, Inc. announced a quarterly dividend this week. The company’s Board of Directors declared a cash dividend of 33 cents a common share payable on August 16, 2022 to shareholders of record as of the close of business on August 9, 2022. Cheniere Energy, Inc. is the leading producer and exporter of liquefied …
Headlines of other energy stories
** Sen. Joe Manchin (D-W.Va.) announced on Wednesday that he has struck a deal with Senate Majority Leader Charles Schumer (D-N.Y.) on legislation aimed at advancing key pieces of President Biden’s agenda, including measures that target taxes, lowering drug prices and combating climate change. ** Exxon Mobil Corp on Tuesday said it has made two new …
