ALLETE, Inc. one of the major wind farm operators in Oklahoma and headquartered in Minnesota recorded increased earnings in the third quarter. The company’s earnings were $1.49 per share on net income of $85.9 million, far better than a year ago when earnings were 59 cents a share and $33.7 million. “We are pleased …
Crude oil stocks made slight gains both at the Cushing Hub and nationwide in the past week, according to a new report from the U.S. Energy Information Administration. Cushing made a gain of 300,000 barrels of crude oil from October 20 when it held 21.2 million barrels. By October 27, the amount held at …
OGE’s parent company, OGE Energy Corp. reported lower earnings of $1.20 per share in the third quarter of the year. The earnings compared to $1.31 per share a year ago. OGE Energy’snet income was $241.9 million or $1.20 per diluted share in the third quarter, compared to earnings of $262.8 million, or $1.31 per diluted share, in the same period 2022. …
Yes, this is the weekend we turn out clocks back one hour as Daylight Saving Time ends. It officially starts at 2 a.m. on Sunday, November 5. AAA is out with a warning that in turning back our clocks, it could mean sleepy drivers. That’s why the organization supports Drowsy Driving Prevention Week, which …
Chesapeake Energy said this week it recorded the fastest drilling program performance of all-time in its operations in the Marcellus play. The company averaged 1,367 feet a day during the third quarter and it also included four of the top 10 longest laterals in company history. Chesapeake revealed its personal best drilling record in the …
The headline said it all—-“Williams Reports Strong Third-Quarter Results.” Williams, in a release Wednesday of its quarterly financial report said its continued strength in base business delivers another quarter of solid financial results. What kind of results? How about net income of $654 million or 54 cents per diluted share, an increase of 10% …
As the state workers group in Oklahoma heaped criticism on the State Treasurer this week for banning some banks over their ESG policies, in Texas, five more were added to the list of banned financial institutions for the same reason. They discriminate against oil and gas companies. Texas Comptroller Glenn Hegar said they were …
Officials at the Walnut Ridge Airport in northeast Arkansas want to be ready in the event someone arrives in an EV airplane. They’re installing an electric plane charger. Walnut Ridge was chosen as the site by Electrical Aerospace Company Beta Technologies “They’ll be putting an electric charging station here for their electric and hybrid …
Cheniere Energy beat expectations of Wall Street analysts in its third quarter earnings. The company, with the Midship natural gas pipeline running from Kingfisher to southern Oklahoma, had revenue of $4.2 billion in the quarter. But it was lower than the $8.9 billion posted a year ago. The profit also totaled $7.03 a share. …
Houston’s Marathon Oil, the company with drilling efforts in Oklahoma’s STACK play and offices on Northwest Expressway in Oklahoma City, posted a third quarter profit down 44% from a year ago. Still, the third quarter financial results were better than the Wall Street analysts had predicted, mostlly because of increased oil and gas production …