The federal government is launching an investigation of the Permian Basin where many Oklahoma energy companies are active with new drilling and transportation of oil and gas. Helicopters will be used to fly over the basin as the government investigates whether there are violations of government air standards through carbon emissions from those operations …
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** Automakers want Democratic Senator Joe Manchin to revisit his proposal to restructure the $7,500 electric vehicle tax credit, raising fears it could be largely unworkable because of new sourcing requirements for battery components and critical minerals. ** Fox News anchor Harris Faulkner briefly lost it during a contentious interview with Sen. Joe Manchin (D-WV) on Tuesday, taking strong …
Will Falling Prices at the Pump Slow Down With Higher Demand?
While Oklahomans continue to benefit from some of the lowest gasoline prices in the nation, the national average for a gallon of gas fell to $4.21, down 14 cents since last week. A slight uptick in gas demand could end the steady drop in daily pump prices, according to a press release issued by AAA. …
FEMA Awards More Than $5M in Grants for Firefighters
The Federal Emergency Management Administration (FEMA) announced on Tuesday that it has awarded $5.6 million in the first round of funding for the Fiscal Year (FY) 2021 Assistance to Firefighters Grants. This money helps firefighters and other first responders obtain critically needed equipment, protective gear, emergency vehicles, training and other resources necessary for protecting the …
Chesapeake uses strong 2Q to change focus to Haynesville
Chesapeake Energy Corporation reported 2022 second quarter financial and operating results and announced the company is taking actions to solidify its strategic focus on its core Marcellus and Haynesville positions. The company reported net cash provided by operating activities of $909 million and delivered adjusted EBITDAS of $1,269 million and $494 …
Growth reported by Gulfport Energy in 2Q
Gulfport Energy Corporation reported $129.5million in net cash provided by its operating activities and $80.3 million of free cash flow in the second quarter of the year. Total net income was $256.6 million and $204.5 million of adjusted EBITDA. As a result, the Oklahoma City company increased its borrowing base to $1 billion from …
Mammoth Energy sees strong 2Q with more growth expected
As Mammoth Energy Services reported a strong second quarter, the company went from a loss to a gain in its net income. Total revenue was $89.7 million for the second quarter of 2022, as compared to $47.4 million for the same quarter last year and $62.3 million for the first quarter of 2022. …
Record revenues for Tulsa’s Alliance Resource Partners
Coal company Alliance Resource Partners, L.P. based in Tulsa reported a 70% increase in second quarter total revenues, reaching a record $616.5 million. The company said the amount compared to $362.4 million in the second quarter of 2021 as a result of higher coal sales prices and volumes, which rose 43.3% and 13.9%, respectively, and …
Manchin defends his support for Dems’ spending bill
In case you missed it, West Virginia Sen. Joe Manchin faced some tough questions about his support for the Democrats spending bill that includes billions to fight climate change. It happened on Fox News Sunday. Click here for Fox News Sunday
Runoff election in Oklahoma Corporation Commission race a few weeks away
Oklahoma voters will decide in a few weeks who the Republican candidate for Corporation Commission will be. They will have a choice between two former legislators—former State Senator Kim David and former State Representative Todd Thomsen. Read more with McCarville Report
