Oklahoma City-based SandRidge Energy has cautioned its investors that further restrictions by regulators in Oklahoma and Kansas due to seismic activity in the past several years could still affect the company’s operations. In its recent fourth quarter earnings report, the company took note of how regulators in both states took steps beginning in 2016 …
Improved 4Q and full year financial results for Blueknight Energy
Blueknight Energy reported increases in its fourth quarter and full year earnings on top of increased asphalt sales. The company recently revealed it had fourth quarter 2021 income of $8.9 million from continuing operations which was 6% more than the $8.4 million reported a year earlier. The company’s adjusted EBITDA was $13.9 million, better …
Williams expands holdings in the Haynesville Basin
Williams announced its nearly $1 billion acquisition of the Haynesville gathering and processing assets of Trace Midstream on Monday. Trace is a portfolio company of Quantum Energy Partners and is being acquired in a transaction valued at $950 million. The acquisition will allow for an expansion of Williams’ existing footprint in the Haynesville, considered …
Mammoth Energy slams Puerto Rico’s attempted bankruptcy move
Oklahoma City-based Mammoth Energy Services is having nothing of efforts by Puerto Rico’s governor to end a more than $8 billion bankruptcy agreement to allow its Power Authority to come out of bankruptcy. As of the end of February, Mammoth, through its subsidiary Cobra was still owed $344 million including $117 million in interest …
Republicans want probe over possible Russian funding of environmental groups
Oklahoma Congressman Markwayne Mullin is among Republicans on a House committee who want certain environmental groups to reveal their ties to a group that was reportedly used by Russia’s Vladimir Putin to affect US energy production. He and others on the House Energy and Commerce Committee sent a letter to the Sierra Club, the League of …
$4 gasoline hits several counties in Oklahoma
Four-dollar gasoline hits Oklahoma. The American Automobile Association reported Sunday that while the state’s average was only $3.86, at least six counties had averages above $4 including Coal County with the highest level at $4.13 a gallon for regular gasoline. The growing pressure of Russia’s war in Ukraine and the response of the world …
$1 million telemedicine grant awarded SWOSU’s College of Pharmacy
Southwestern State University’s College of Pharmacy has received a $1 million USDA telemedicine grant. The award will provide telemedicine equipment to rural schools across the state according to the announcement by US Rep. Frank Lucas, SWOSU President Dr.. Diana Lovell and SWOSU Center for Rural Health Director Dr. Randy Curry. “Bridging the digital divide …
Mullin says we can thank Biden for high gas prices
No letup from Oklahoma Congressman Markwayne Mullin and his criticism of President Biden over his anti-oil-and-gas programs. In his latest “Mullin It Over” column to constituents under the title of “The Cost of President Biden’s Anti-American Agenda,” the Republican Representative said Biden’s blaming of record-high gas prices on the crisis in Ukraine is “a …
Who gets oil from Russia?
Ban the purchase of imported oil from Russia. It’s what the Biden administration finally did after being pressured by Republicans and Democrats in Congress. Sounds easy, right? Easy—if you’re the U.S. where purchases really total a small amount compared to European countries. Russia is the world’s biggest exporter of oil to global markets and …
War in Ukraine keeps crude oil prices high
Despite a gain on Friday, crude oil prices settled lower in trading for the week as investors remained anxious over what the war in Ukraine will do with the market. The decline for the week was the steepest since November. West Texas Intermediate cruder for April delivery jumped $3.31 to settle at $109.33 a …
