ONEOK’s board of directors declared a quarterly dividend of 95.5 cents per share this week, an amount unchanged from the previous quarter. The company said it would result in an annualized dividend of $3.82 per share. It will be payable Nov. 14, 2023 to shareholders of record at the close of busines Nov. 1, …
Senators James Lankford and Markwayne Mullin are among 25 Senate Republicans who introduced legislation to block the Biden administration from implementing regulations targeting gas-powreed car tailpipe emissions. West Virginia Democrat, Sen. Joe Manchin joined their effort. Idaho Sen. Mike Crap led the proposal to strike down the EPA proposal that would tighten vehicle tailpipe …
A surprise U.S. crude oil draw, including more oil removed from Oklahoma’s Cushing Hub, led Wednesday to a 2% gain in prices. Plus, concerns about global supplies after Iran called for an oil embargo on Israel pushed prices higher. But Oklahoma energy stocks didn’t take the same path. Most recorded losses as much as 5% …
Mach Natural Resources LP is planning to go public with an initial public offering of 10 million common units representing limited partner interests in the Oklahoma City company. In an announcement this week, Mach said it will also grant the underwriters an option to purchase up to an additional 1,500,000 common units at the initial …
The nation’s crude oil stocks fell 4.5 million barrels in the most recent reporting period while the amount held at the Cushing Hub in Oklahoma dropped nearly 1 million barrels. The U.S. Energy Information Administration reported the nation’s crude stocks fell from 424.2 million barrels recorded on October 6 to 419.7 million barrels as …
At the heart of the $6 billion in frozen Iranian money that has become a focal point of efforts by Oklahoma U.S. Sen. James Lankford and others to see it frozen in Qatar is oil. It is oil money and Lankford wants to reverse efforts by President Biden to ease sanctions against Iran, easing …
Remember the 1973 Oil Embargo? Fifty years ago this week, something that Oklahoma oilman Harold Hamm remembered last week during comments at the OERB Oil and Gas Expo. He pointed out it revealed the need for a strong U.S. energy policy, one built on independence and how since 1973, the U.S. is no longer …
Nearly two months after Chesapeake Energy Corporation announced the $700 million sale of its remaining Eagle Ford assets, the Oklahoma City oil and gas firm plans to release third quarter financial results at the end of the month. The company will make known the results after the market close on Tuesday, October 31, 2023. …
Oklahoma Treasurer Todd Russ released the September Economic Report this week, a repeat of information released earlier in the month. Gross Receipts to the state Treasury for the past 12 months outpaced the prior year’s 12 months in September. While the downward trend from the March record annual high of $17.64 billion continues, the …
The head of BlackRock Inc., one of several firms blacklisted by Oklahoma over the firm’s discrimination against oil and gas, is reported to be urging the chairman of the SEC to “tone down” the pending emissions disclosure rules. Fox News Business says CEO Larry Fink made the suggestion to SEC Chairman Gary Gensler as the …