Higher fourth quarter earnings were reported by ONEOK. It also said the 2023 results also increased. In a release on Monday, the company cited net income of $688 million or $1.18 per share in the fourth quarter along with adjusted EBITDA of more than $1.5 billion. At the same time, ONEOK saw a 20% …
While awaiting shareholders approval of its recently-announced merger with Oklahoma City’s Chesapeake Energy, Houston-based Southwestern Energy Company announced its fourth quarter financial results. It sustained a fourth quarter loss of $658 million or 60 cents a share and finished all of 2023 with a total debt of $4 billion. Its adjusted net income for …
Tulsa’s Alliance Resources is primarily a coal-mining company with major operations in the eastern United States. But it clearly has expanded its efforts to become more deeply involved in oil and gas production and exploration and now owns producing wells in the Anadarko, Permian and Williston basins. While admitting in a recent report …
In an update for its North Dakota drilling efforts, Tulsa’s Empire Petroleum said it expects 2024 to be a year of progress. Empire also announced preliminary operational and financial results for the fourt quarter and at the same time, informed investors of the program to further develop the Starbuck Field in North Dakota. The …
ONE Gas, Inc. announced the date of its Annual Meeting of Shareholders. It will be held as a virtual-only meeting format on Thursday, May 23 at 9 a.m. Central Daylight Time. The meeting will also be audio webcast on the ONE Gas website, www.onegas.com. The record date for determining shareholders entitled to receive notice …
Oklahoma U.S. Sen. Markwayne Mullin isn’t giving up on his fight against a proposed new EPA tailpipe rule. Last week he joined other Senators and Representatives in urging the President and Shalanda Young, Director of the Office of Management and Budget to halt the rule. Republicans contend it’s a green energy effort to push …
After increased oil production along with gains in cash flow and cash balances and reduction in debt during its third quarter, Oklahoma City’s Devon Energy will be releasing its fourth quarter financial report this week. The company will release the report following the close of markets on Tuesday. It will be followed by a …
While members of an Oklahoma state House committee prepare to hold a hearing this week on a bill to grant certain exemptions from the Open Meetings Act to the Oklahoma Corporation Commission, a similar attempt in Kansas is reported to be dead. Ardmore Rep. Tammy Townley’s HB2367 would make the three commissioners exempt for certain meetings, …
The map above depicts the potential situation this week for western Oklahoma as temperatures could hit record highs into the mid 80s before plunging more than 30 degees Tuesday night. Here’s how Oklahoma Mesonet Climatologist Gary McManus described things in his Mesonet update. “Now along the way to that changeover it’s gonna be a …
** Ford Motor Co. is in the midst of a five-year “recall of a recall,” reinspecting more than a quarter-million vehicles after the company discovered sloppy work and false billing by dealership technicians during the required replacement of dangerous Takata air bags. ** Federal regulators have granted Native American tribes more power to block hydropower …